2026-05-26T13:04:51-05:00 2025-12-31 810386935 SUMMERS MCNEA & CO PC 15 AVANTA WAY SUITE 1 BILLINGS MT 59102 990 2025-01-01 810180438 PARK ELECTRIC COOPERATIVE INC PARK 4062223100 PO BOX 1119 LIVINGSTON MT 59047 ALAN JOHNSTONE PRESIDENT 4062223100 2026-05-19 1 BRIAN F VAN STEELAND P00481262 4066522320 2025 2025-03-06 01:10:19Z ALAN JOHNSTONE PO BOX 1119 LIVINGSTON MT 59047 18811202 0 X WWW.PARKELECTRIC.COOP X 1939 MT RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICAL SERVICES AND UTILITIES TO MEMBERS & PATRONS LOCATED IN THE SOUTH CENTRAL PORTION OF MONTANA 7 7 20 0 0 0 0 0 17191826 17590058 149323 86633 1401830 1134511 18742979 18811202 0 0 1049797 774936 1281111 579492 0 0 0 15114133 16349350 17445041 17703778 1297938 1107424 29798046 31281893 1351366 1727789 28446680 29554104 RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICAL SERVICES & UTILITIES TO MEMBERS AND PATRONS LOCATED IN THE SOUTH CENTRAL PORTION OF MONTANA. 0 0 RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICAL SERVICES & UTILITIES TO MEMBERS AND PATRONS LOCATED IN THE SOUTH CENTRAL PORTION OF MONTANA. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 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 17 0 1 20 1 0 0 0 0 0 0 0 17590058 1221144 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X CAROL AMUNRUD 4062223100 PO BOX 1119 LIVINGSTON MT 59047 ALAN JOHNSTONE PRESIDENT 1.04 X X 1200 0 6381 ALBERT OTIS SECRETARY-TREASURER 1.04 X X 2075 0 16865 C PERRY ANDERSON TRUSTEE 1.04 X 600 0 0 CRAIG YOST VICE PRESIDENT 1.04 X X 1300 0 16865 DAN SKATTUM TRUSTEE 1.04 X 2725 0 3728 MATT JESSON TRUSTEE 1.04 X 1200 0 4640 NATHAN ANDERSON TRUSTEE 1.04 X 500 0 8031 WILLIAM BROWNLEE TRUSTEE 1.04 X 1200 0 16865 MATT HAGGERTY CEO 40.00 X 240651 0 95807 CAROL AMUNRUD CFO 40.00 X 108378 0 56288 MATT GROSE COO 40.00 X 139430 0 67114 JOSHUA FATOUROS LINEMAN FOREMAN 40.00 X 170189 0 52765 TANNER TAWATER LINEMAN FOREMAN 40.00 X 164571 0 52766 GUNNER BERGSING LINEMAN 40.00 X 153510 0 51071 BRADY ZACHMANN LINEMAN FOREMAN 40.00 X 152782 0 52766 DANE BONDURANT LINEMAN 40.00 X 151342 0 51085 1291653 0 553037 16 0 1 0 ASPLUNDH TREE EXPERTS 1700 SOLUTIONS CENTER CHICAGO IL 606771700 TREE TRIMMING 350728 VIRGINIA TRANSFORMER 220 GLADE VIEW DR ROANOKE VA 24012 SUB TRANSFORMER 306720 ROCKY MOUNTAIN CONTRACTORS PO BOX 8688 KALISPELL MT 59904 69KV AND 50KV POLE CHANGES 112522 3 SALE OF ELECTRICITY 221000 17590058 17590058 17590058 86633 86633 CAPITAL CREDIT ALLOCATIONS 221000 1115339 1115339 ALLOWANCE FOR CONSTRUCITON FUNDS 221000 19172 19172 1134511 18811202 18811202 0 0 X 774936 579394 98 18358 16604 87665 11602 1579165 23267 COST OF POWER 10665203 DISTRIBUTION-OPERATIONS 1626773 DISTRIBUTION-MAINTENANC 1402334 CONSUMER ACCOUNTS EXPEN 214703 703676 17703778 3028577 928965 1000000 1474626 1582604 1066554 951313 12206 10830 49928156 31056709 16873085 18871447 7342998 7936734 29798046 31281893 824502 907206 526864 820583 1351366 1727789 X 0 0 12155992 15250533 16290688 14303571 28446680 29554104 29798046 31281893 1107424 0 X X 0 1 X 1 0 230465 230465 1788758 488072 1300686 4640390 3871910 768480 43268543 26696727 16571816 18871447 PATRONAGE CAPITAL 7583236 C INVESTMENT IN CFC CERTIFICATES 221498 C NON UTILITY PROPERTY 132000 C 7936734 CONSUMER ENERGY PREPAYMENTS AND CONTRIBUTION IN AID 239473 CONSUMER DEPOSITS 8210 ACCRUED PROPERTY TAXES 127016 CAPITAL CREDIT PAYABLE 322614 ACCRUED SICK AND VACATION LEAVE 123270 820583 X PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501 (C) (12) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, THERE IS NO PROVISION FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. IN ACCORDANCE WITH FASB ASC 740-10, INCOME TAXES, WHICH ALSO REQUIRES THE DISCLOSURE OF OPEN TAX YEARS SUBJECT TO EXAMINATION AND THE POLICY FOR CLASSIFYING INTEREST AND PENALTIES, THE COOPERATIVE HAS PERFORMED AN EVALUATION AND DETERMINED THAT NO UNCERTAIN TAX LIABILITIES OR POSITIONS EXIST FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024. THE COOPERATIVE'S TAX YEARS OF DECEMBER 31, 2022 THROUGH DECEMBER 31, 2025 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES. PART VI LINE 1E- OTHER PROPERTY INCLUDES TRANSMISSION EQUIPMENT, POLES, ETC. TOTALING $307,656; DISTRIBUTION EQUIPMENT, POLES, TRANSFORMERS, METERS, ETC. TOTALING $42,149,652; CONSTRUCTION WORK IN PROGRESS TOTALING $ 810,973; MISC ORGANIZATION FOR $262. 0 0 0 MATT HAGGERTY CEO 240651 0 0 0 0 0 72228 0 23579 0 336458 0 0 0 JOSHUA FATOUROS LINEMAN FOREMAN 170189 0 0 0 0 0 35461 0 17304 0 222954 0 0 0 TANNER TAWATER LINEMAN FOREMAN 164571 0 0 0 0 0 35462 0 17304 0 217337 0 0 0 MATT GROSE COO 139430 0 0 0 0 0 43535 0 23579 0 206544 0 0 0 BRADY ZACHMANN LINEMAN FOREMAN 152782 0 0 0 0 0 35462 0 17304 0 205548 0 0 0 GUNNER BERGSING LINEMAN 153510 0 0 0 0 0 33767 0 17304 0 204581 0 0 0 DANE BONDURANT LINEMAN 151342 0 0 0 0 0 33781 0 17304 0 202427 0 0 0 CAROL AMUNRUD CFO 108378 0 0 0 0 0 32709 0 23579 0 164666 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE IS MADE UP OF MEMBERS WHO PURCHASE THEIR POWER FROM THE ORGANIZATION AND HAVE THE OPTION OF ATTENDING MEETINGS OF THE MEMBERSHIP ANNUALLY. THE COOPERATIVE HAS 4,205 MEMBERS AT DECEMBER 31, 2025. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERSHIP ELECTS THE BOARD OF DIRECTORS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE ORGANIZATIONS INDEPENDENT CPA, REVIEWED BY MANAGEMENT FOR ANY CORRECTIONS AND GIVEN TO THE BOARD MEMBERS FOR THEIR REVIEW AND QUESTIONS. AFTER THE BOARD REVIEWED, ALL BOARD MEMBERS WERE POLLED FOR THEIR APPROVAL OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICIES ARE REVIEWED ANNUALLY BY ALL MEMBERS OF THE BOARD. MANAGEMENT MONITORS THROUGHOUT THE YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION FOR THE GENERAL MANAGER IS DETERMINED BY A COMMITTEE OF THE BOARD OF DIRECTORS AND APPROVED BY THE FULL BOARD. COMPARABLE DATA FROM OTHER COOPERATIVES AND PERFORMANCE REVIEWS ARE EVALUATED AS WELL. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS MAY BE REQUESTED FROM THE COOPERATIVE OFFICE DURING NORMAL BUSINESS HOURS. PART IX, LINE 4 THIS LINE REPRESENTS CAPITAL CREDITS PAID OUT TO MEMBERS DURING THE YEAR. IT IS THE TOTAL OF THE GENERAL RETIREMENT AND ESTATES ACTULLY PAID OUT AND DOESN'T INCLUDE DISCOUNTED CAPITAL CREDITS ALLOCATED TO OTHER EQUITIES. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. PART XII, LINE 2 B THE COOPERATIVE HAS AN ANNUAL AUDIT COMPLETED. THE COOPERATIVE AUDIT YEAR END IS JULY 31. THE COOPERATIVE'S 990 TAX RETURN IS FILED ON A CALENDAR YEAR. THE CFC FORM 7 REPORT FOR DECEMBER 31 IS UTILIZED FOR THE TAX RETURN.