2026-09-04T07:53:52-05:00 2025-12-31 992923038 BRADY MARTZ PLLC PO BOX 1297 BISMARCK ND 585021297 990 2025-01-01 810285379 UPPER MISSOURI G&T ELECTRIC COOPERATIVE INC UPPE 4064334100 111 2ND AVE SW SIDNEY MT 59270 JEREMY MAHOWALD GENERAL MANAGER 4064334100 2026-06-22 1 LANCE RAMBOUSEK P01212867 7012231717 2026-06-22 2025 UPPER MISSOURI POWER COOPERATIVE JEREMY MAHOWALD 111 2ND AVE SW SIDNEY MT 59270 959905286 0 X WWW.UPPERMO.COM X 1950 MT TO PROVIDE THE MEMBER SYSTEMS WITH POWER SUPPLY AND RELATED SERVICES TO MEET THE NEEDS OF THEIR MEMBER CONSUMERS. 11 11 7 0 0 0 0 0 906097472 959628561 338945 276725 0 0 906436417 959905286 0 0 45418925 43304276 948382 1037960 0 0 0 860069110 915563050 906436417 959905286 0 0 537325401 580244042 81578489 85930161 455746912 494313881 TO PROVIDE THE MEMBER SYSTEMS WITH POWER SUPPLY AND RELATED SERVICES TO MEET THE NEEDS OF THEIR MEMBER CONSUMERS. 0 0 THE COOPERATIVE PROVIDES ELECTRICITY TO THE RURAL AREAS OF EASTERN MONTANA AND WESTERN NORTH DAKOTA BY PROVIDING ELECTRICITY TO ELEVEN MEMBER NONPROFIT COOPERATIVES. 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 23 0 1 7 1 0 0 0 0 0 959628561 276725 0 0 0 X 11 11 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 0 1 0 0 X JUSTIN BOYER 4064334100 111 2ND AVE W SIDNEY MT 59270 X BLAINE JORGENSON PRESIDENT 10.60 X X 19581 0 0 ALLEN THIESSEN VICE-PRESIDENT 12.20 X X 21372 0 0 ALBERT PAUL SECRETARY 4.40 X X 13260 0 0 ANTHONY LARSON TREASURER 8.90 X X 15869 0 0 DAVID SIGLOH DIRECTOR 11.10 X 28597 0 0 KURT VOSS DIRECTOR 7.60 X 11830 0 0 GREG SECKLER DIRECTOR 8.40 X 16331 0 0 DALE SCHWEIGERT DIRECTOR 5.30 X 12028 0 0 JOE SCHIFFER DIRECTOR 8.10 X 29639 0 0 CAMERON WAHLSTROM DIRECTOR 6.00 X 10210 0 0 ROD SMITH MAY-DEC DIRECTOR 1.30 X 7518 0 0 RICK HANSEN JAN-APR DIRECTOR 1.70 X 3780 0 0 JEREMY MAHOWALD GENERAL MANAGER 53.50 X 312591 0 245702 BRENT HANSON CHIEF OPERATING OFFICER 42.20 X 199480 0 60179 JUSTIN BOYER CONTROLLER 46.10 X 131907 0 64028 JEFF VANDOMELEN METERING INTEGRITY ANALYST 41.30 X 120174 0 52402 D'LON ANDERSON FINANCIAL INTEGRITY ANALYST 42.20 X 104572 0 59458 1058739 0 481769 5 0 1 0 EVERSHEDS SUTHERLAND PO BOX 931885 ATLANTA GA 31193 ATTORNEY SERVICES 734363 MDU PO BOX 5600 BISMARCK ND 58506 MAINTENANCE PLUS SOME POWER 339129 BILLSTEIN MONSON & SMALL PLLC 1555 CAMPUS WAY 201 BILLINGS MT 59102 ATTORNEY SERVICES 208157 HDR ENGINEERING PO BOX 74008202 CHICAGO IL 60674 ENGINEERING SERVICES 177774 4 ELECTRIC SALES 221000 914346643 914346643 CAPITAL CREDITS 900099 42889909 42889909 OTHER SUPPORTING REVENUE 900099 2392009 2392009 959628561 276725 276725 959905286 959628561 0 276725 X 43304276 836181 157595 44184 282614 313012 PURCHASED POWER 911362431 ADMINISTRATIVE & GENERA 3272097 TRANSMISSION EXPENSE 1303995 PROPERTY TAX 22677 -993776 959905286 -4 3341822 3954204 75967071 79661262 89047 105482 539277 574393 19510980 13817800 5750732 5693180 451637452 490255525 537325401 580244042 75601396 80196523 5977093 5733638 81578489 85930161 X 5500 5500 0 0 455741412 494308381 455746912 494313881 537325401 580244042 X 0 38566969 X X 0 1 X 1 0 284618 284618 1174872 755729 419143 18051490 13062071 4989419 5693180 COBANK 495615 C FEDERATED INSURANCE 188158 C PATRONAGE CAPITAL CREDITS 488890231 C PATRONAGE CAPITAL OTHER 281521 C ECONOMIC DEVELOPMENT 400000 C 490255525 X 959905286 0 959905286 0 959905286 916601010 0 916601010 43304276 43304276 959905286 PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. THE COOPERATIVE'S POLICY IS TO EVALUATE THE LIKELIHOOD THAT ITS UNCERTAIN TAX POSITIONS WILL PREVAIL UPON EXAMINATION BASED ON THE EXTENT TO WHICH THOSE POSITIONS HAVE SUBSTANTIAL SUPPORT WITHIN THE INTERNAL REVENUE CODE AND REGULATIONS, REVENUE RULINGS, COURT DECISIONS, AND OTHER EVIDENCE. IT IS THE OPINION OF MANAGEMENT THAT THE COOPERATIVE HAS NO SIGNIFICANT UNCERTAIN TAX POSITIONS THAT WOULD BE SUBJECT TO CHANGE UPON EXAMINATION. THE FEDERAL INCOME TAX RETURNS OF THE COOPERATIVE ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. ALL FILINGS ARE CURRENT. PART XII, LINE 4B - OTHER ADJUSTMENTS: PATRONAGE CAPITAL 43,304,276. X X 0 0 0 JEREMY MAHOWALD GENERAL MANAGER 311863 0 728 0 0 0 224802 0 20900 0 558293 0 0 0 BRENT HANSON CHIEF OPERATING OFFICER 198773 0 707 0 0 0 22818 0 37361 0 259659 0 0 0 JUSTIN BOYER CONTROLLER 131154 0 753 0 0 0 27180 0 36848 0 195935 0 0 0 JEFF VANDOMELEN METERING INTEGRITY ANALYST 120174 0 0 0 0 0 17982 0 34420 0 172576 0 0 0 D'LON ANDERSON FINANCIAL INTEGRITY ANALYST 103919 0 653 0 0 0 22916 0 36542 0 164030 0 0 0 FORM 990, SCHEDULE J, PART II, COLUMN C COMPENSATION OF OFFICERS, DIRECTORS, KEY EMPLOYEES, HIGHEST COMPENSATED EMPLOYEES AND INDEPENDENT CONTRACTORS: INCLUDED IN OTHER DEFERRED COMPENSATION IS THE ESTIMATED CURRENT YEAR INCREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN. THESE AMOUNTS DO NOT REPRESENT ANY CURRENT YEAR CONTRIBUTIONS TO THE PLAN. THEY ARE ESTIMATES OF THE INCREASE IN THE ACTUARIAL VALUE OF THE PLANS RECEIVED FROM THE NRECA. THE CURRENT YEAR EXPENSE AND THE INCREASE IN ACTUARIAL VALUE FOR EACH EMPLOYEE ARE REFLECTED IN THE SCHEDULE O STATEMENT FOR THE FORM 990, PART VII, COLUMN F. FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE HAS ONLY ONE CLASS OF MEMBERS. EACH MEMBER HAS ONE VOTING RIGHT. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBER COOPERATIVES ELECT A BOARD MEMBER AND AN ALTERNATE THAT WILL FILL IN DURING THE DIRECTOR'S ABSENCE TO REPRESENT THEIR COOPERATIVE ON THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B EACH MEMBER COOPERATIVE PROVIDES A DELEGATE AND ALTERNATE DELEGATE, ALONG WITH THE BOARD MEMBER TO THE ANNUAL MEETING TO VOTE ON ITEMS ON THE AGENDA AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS REVIEWED BY THE GENERAL MANAGER AND CONTROLLER. A COPY WAS PROVIDED ELECTRONICALLY TO THE BOARD BEFORE FILING FORM 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS AND OFFICERS OF THE ORGANIZATION. THE BOARD REVIEWS ANY POTENTIAL CONFLICTS, AND THE INDIVIDUAL WITH THE POTENTIAL CONFLICT ABSTAINS FROM DISCUSSIONS AND VOTING ON THE ISSUE AT HAND. FORM 990, PART VI, SECTION B, LINE 15A EACH BOARD MEMBER ANNUALLY COMPLETES A QUESTIONNAIRE RATING THE GENERAL MANAGER IN DIFFERENT PERFORMANCE AREAS. THE LEGAL COUNSEL COMPILES THE RATINGS AND PROVIDES THE RESULTS TO THE BOARD. THE BOARD THEN DISCUSSES THE SUMMARY INTERNALLY AND THEN WITH THE GENERAL MANAGER. THE BOARD ALSO USES COMPARABILITY DATA THROUGH THE USE OF THE NRECA COMPENSATION STUDY. THERE ARE NO OTHER OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A, COLUMN (F): COMPENSATION OF OFFICERS: INCLUDED IN PART VII, SECTION A, COLUMN "F", ESTIMATED AMOUNT OF OTHER COMPENSATION IS THE ESTIMATED ANNUAL INCREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN. FOR THE FOLLOWING INDIVIDUALS LISTED, THE ESTIMATED INCREASE IS: JEREMY MAHOWALD: $215,363 BRENT HANSON: $16,709 JUSTIN BOYER: $8,028 JEFF VANDOMELEN: $0 D'LON ANDERSON: $7,541 THIS AMOUNT IS AN ESTIMATE IN THE INCREASE OF THE VALUE OF THE PLAN AND IS NOT CURRENT YEAR EXPENSES OF THE COOPERATIVE. CURRENT YEAR CONTRIBUTIONS INTO THE DEFINED BENEFIT PLAN BY UPPER MISSOURI G&T ELECTRIC COOPERATIVE WERE: JEREMY MAHOWALD: $64,856 BRENT HANSON: $43,644 JUSTIN BOYER: $14,395 JEFF VANDOMELEN: $2,450 D'LON ANDERSON: $11,448 THESE AMOUNTS ARE CURRENT YEAR EXPENSES AND THEREFORE INCLUDED IN THE STATEMENT OF FUNCTIONAL EXPENSES. FORM 990, PART IX, STATEMENT OF FUNCTIONAL EXPENSES, LINE 24E ALLOCATED COSTS: THE LABOR AND PENSION REPORTED ON LINES 5-8 ARE ALREADY INCLUDED IN ADMINISTRATIVE & GENERAL EXPENSE AND TRANSMISSION EXPENSE. THEREFORE, THESE AMOUNTS ARE BEING SUBTRACTED OUT AS AN OTHER DEDUCTION ON LINE 24E IN THE AMOUNT OF $(993,776). FORM 990, PART IX, LINE 4 BENEFITS PAID TO MEMBERS: THE COOPERATIVE HAS INTERPRETED THE INSTRUCTIONS TO PART IX, LINE 4, TO MEAN PATRONAGE CAPITAL ALLOCATED FOR THE YEAR, RATHER THAN PATRONAGE CAPITAL RETIRED. THIS IS CONSISTENT WITH THE BYLAWS OF THE COOPERATIVE. FORM 990, PART XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -518,608. RETIREMENT OF CAPITAL CREDITS - BAS -4,218,699. PATRONAGE CAPITAL CREDITS ALLOCATED 43,304,276. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE TO THE OVERSIGHT OR SELECTION PROCESS OF THE INDEPENDENT AUDITORS. THE FULL BOARD OF DIRECTORS REVIEWS AND APPROVES THE INDEPENDENT AUDITORS.