2026-04-16T16:15:14-07:00 2025-12-31 990 2025-01-01 430634203 CITIZENS ELECTRIC CORPORATION CITI 8778763511 1500 Rand Avenue Perryville MO 63775 JASON CATES CEO 5737683900 2026-04-16 2025 2025-03-06 01:10:19Z Jason Cates 1500 Rand Avenue Perryville MO 63775 175338534 0 X www.cecmo.com X 1947 MO Sale of electric energy to the cooperative's members. 10 10 90 0 0 0 0 0 137837228 173037983 4539367 2288177 -10092 12374 142366503 175338534 0 0 0 0 9045716 10316343 0 0 0 122602205 153442339 131647921 163758682 10718582 11579852 317869881 377070578 187862422 228245036 130007459 148825542 X Sale of electric energy to the cooperative's members 0 1 0 0 0 Provide electric service to an average of 27,963 members with gross consumption of 1.641 billion kWh's. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 1 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 48 0 1 90 1 0 0 0 0 0 173037982 2289927 0 0 0 X 10 10 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MO X Citizens Electric Corporation 8778763511 1500 Rand Avenue Perryville MO 63775 Jason D Cates CEO 55 0 X 316415 0 101631 Dan Coomes VP of Engineering 45 0 X 223357 0 90471 Curt Iffert VP of Operations 45 0 X 163148 0 72153 Kent Kassel Superintendent 55 0 X 142225 0 66229 Steve Hlavek Manager of Engineering & Operations 48 0 X 138624 0 65909 James Goodpasture Superintendent 50 0 X 139403 0 64781 Rachel Tiehes Manager of Finance 55 0 X 107950 0 58030 William Odneal Director 4.63 0 X 25500 0 343 Derek Miesner President 3.42 0 X 18550 0 343 Rodney Scherer Director 2.82 0 X 18200 0 343 Mark Wengert Vice-President 4.24 0 X 17500 0 343 Glen Weible Secretary 4.98 0 X 16400 0 343 Thomas Keim Director 3.43 0 X 16050 0 343 Richard T DeWilde Director 2.94 0 X 15500 0 343 Donald Fulford Treasurer 2.75 0 X 15350 0 343 Rex Meyr Director 2.01 0 X 14850 0 343 Doyle Oehl Director 2.31 0 X 7150 0 172 Dakota Oehl Director 5.81 0 X 3510 0 57 1399682 0 522520 43 0 1 0 Nello Industries 1201 S Sheridan St South Bend IN 46619 Supplier 2390207 Milbank LLP 55 Hudson Yards New York NY 10001 Legal and Consulting 1181495 WEG Transformers USA LLC 6350 Weg Dr Washington MO 63090 Supplier 1160800 Townsend Tree Service PO Box 128 Parker IN 473680128 Line Clearing 800839 Cape Electrical Supply PO Box 117215 Atlanta GA 303687215 Supplier 434224 10 0 0 0 0 0 0 0 0 PROGRAM REVENUE 221000 173037983 173037983 0 0 0 0 0 0 173037983 2288177 2288177 0 0 0 0 0 0 0 0 0 0 106869 0 0 0 106869 0 106869 106869 0 0 0 0 0 MERCHANDISE & JOBBING 221000 15573 15573 0 0 OTHER COMPREHENSIVE INCOME 221000 -110068 -110068 0 0 0 0 0 0 -94495 175338534 175338534 0 0 1399681 4734280 1435274 2080999 666109 0 1591477 29600 0 0 0 575723 69500 657210 413072 0 0 939178 0 71344 7418879 0 9066611 914112 PURCHASE POWER 121688031 OPERATING & MAINTENANCE 4398173 PROPERTY TAXES 3940412 GROSS RECEIPTS 1669017 0 163758682 0 0 0 127037586 6872100 0 0 0 0 14724559 16834871 0 0 0 0 0 0 5949189 6020194 82724 364758 356478154 80114206 129630878 276363948 0 0 0 0 18883915 19209915 0 0 21561030 51404792 317869881 377070578 10017273 25656226 0 0 0 0 0 0 0 0 0 0 168887357 192423211 0 0 8957792 10165599 187862422 228245036 X 86185 89375 15059 15059 129906215 148721108 130007459 148825542 317869881 377070578 11579852 0 0 0 7238231 0 X 0 1 X 1 0 0 4786907 4786907 0 29607643 11165113 18442530 0 0 0 0 0 0 0 0 0 322083604 68949093 253134511 276363948 PATRONAGE CAPITAL - WVPA 13453246 C PATRONAGE CAPITAL - CFC 627223 C CAPITAL TERM CERTIFICATES 1157623 C INVEST - A PRIME 8063 C PATRONAGE CAPITAL - COBANK 137084 C PATRONAGE CAPITAL - ARKANSAS ELECTRIC 1627713 C PATRONAGE CAPITAL - CRC 29698 C PATRONAGE CAPITAL - MFA OIL 4583 C PATRONAGE CAPITAL - NRTC 2430 C PATRONAGE CAPITAL - MERIDIAN 236828 C PATRONAGE CAPITAL - UNITED UTILITY 33368 C PATRONAGE CAPITAL - NISC 24181 C ECONOMIC DEVELOPMENT LOAN 1867875 C 19209915 REGULATORY ASSET - WVPA MAINTENANCE FEE 27872222 REGULATORY ASSET - DISCOUNT PATRONAGE 19481913 REGULATORY ASSET - LEGAL & CONSULTING 1663156 DEFERRED DEBIT - POST RETIREMENT BENEFIT 220136 ATTACHMENT O 2025 TRUE UP 2070739 OTHER 96626 51404792 0 CURRENT MATURITIES OF LTD 5201295 ACCUMULATED POST RETIREMENT BENEFITS 2687314 ACCRUED LABOR AND VACATIONS 1066677 CUSTOMER DEPOSITS 915927 GROSS RECEIPTS 129136 TAXES PAYABLE CITY, COUNTY, STATE 121978 OTHER 43272 10165599 175338534 0 0 0 0 0 175338534 0 0 0 175338534 163758682 0 0 0 0 0 163758682 0 0 0 163758682 X 0 0 0 Jason D Cates CEO 316415 0 0 0 0 0 77366 0 24265 0 418046 0 0 0 Dan Coomes VP of Engineering 223357 0 0 0 0 0 66342 0 24129 0 313828 0 0 0 Curt Iffert VP of Operations 163148 0 0 0 0 0 48117 0 24036 0 235301 0 0 0 Kent Kassel Superintendent 142225 0 0 0 0 0 42487 0 23742 0 208454 0 0 0 Steve Hlavek Manager of Engineering & Operations 138624 0 0 0 0 0 42172 0 23737 0 204533 0 0 0 James Goodpasture Superintendent 139403 0 0 0 0 0 41060 0 23721 0 204184 0 0 0 Rachel Tiehes Manager of Finance 107950 0 0 0 0 0 34225 0 23806 0 165981 0 0 0 Form 990, Part III, Line 3 CEC purchased the transmission system in its footprint from Wabash Valley Power Assn. on 1.1.25. Form 990, Part VI, Section A, Line 6 Class of members have the right to participate in the organization's governance and receive capital credit distributions of income from the organization. Form 990, Part VI, Section A, Line 7a Election of members and rights. An Annual Meeting is held, and the members are encouraged to vote for members of the governing body and any changes to the by-laws. Form 990, Part VI, Section B, Line 11b Organization's process used to review Form 990. Teh Form 9990 is included in the Board packet sent prior to the Board meeting and is further reviewed at the Board meeting prior to filing. Form 990, Part VI, Section B, Line 12c All officers, key employees, highest compensated employees and directors are asked to complete or review a questionnaire relating to conflicts of interest. Form 990, Part VI, Section B, Line 15 Enforcement of conflict policy. An annual conflict of interest form is completed and reviewed. Policy is reviewed every two years. Enforcement is reviewed per incident with all aspects of conflict taken into consideration. Section B, line 15a - Compensation process for Top Officers. The CEO's compensation is approved by the Board of Directors. Comparable compensation data from the market and industry are used in setting the salary. Industry trade organizations assist in the process. Section B, Line 15b - Compensation Process for Officers and Key Employees. Compensation is set through annual performance evaluations and compared to industry wage and benefit surveys. The CEO and Board of Directors set compensation amounts. Union employee salary is set per Union Contract. Form 990, Part VI, Section C, Line 19 Governing Documents Disclosure Explanation. Governing conflict of interest policy and financial statements are available to the public through a combination of the corporation's website and upon request.