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Nonprofiteer
← ST CROIX ELECTRIC COOPERATIVE

Form 990 for tax year 2025

Filed by ST CROIX ELECTRIC COOPERATIVE.

Totals

Total revenue
$29,968,819
Total expenses
$29,968,819
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$29,703,464
Investment income
$117,733
Other revenue
$147,622
Total assets, end of year
$72,481,950
Total liabilities, end of year
$41,414,322
Net assets or fund balances, end of year
$31,067,628
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: ELECTRICITY SALES

    total $28,386,135 · related or exempt $28,386,135

  • 2b · Program service revenue: CAPITAL CREDITS

    total $973,518 · related or exempt $973,518

  • 2c · Program service revenue: OTHER ELECTRICAL INCOME

    total $334,589 · related or exempt $334,589

  • 2d · Program service revenue: POLE RENTAL

    total $9,222 · excluded $9,222

  • 3 · Investment income

    total $90,720 · excluded $90,720

  • 6a · Gross rents

    real property $53,429

  • 6c · Rental income or loss

    real property $53,429

  • 6d · Net rental income or loss

    total $53,429 · excluded $53,429

  • 7a · Gross sales of assets other than inventory

    securities $30,201

  • 7b · Less cost or other basis and sales expenses

    securities $3,188

  • 7c · Gain or loss

    securities $27,013

  • 7d · Net gain or loss

    total $27,013 · related or exempt $27,013

  • 11a · Other revenue: OTHER INCOME

    total $56,693 · related or exempt $56,693

  • 11b · Other revenue: FIRST CALL PHONE LEASE

    total $28,125 · unrelated business $28,125

  • 11c · Other revenue: FIRST CALL PHONE LEASE

    total $9,375 · related or exempt $9,375

  • 11e · Other revenue, total

    $94,193

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,121,705

  • 5 · Compensation of officers, directors and key employees

    total $541,522

  • 20 · Interest

    total $1,177,344

  • 22 · Depreciation, depletion and amortization

    total $2,218,517

  • 24a · Other expenses: PURCHASED POWER

    total $18,274,755

  • 24b · Other expenses: PLANT OPERATIONS

    total $3,255,531

  • 24c · Other expenses: ADMINISTRATIVE AND GENERA

    total $1,723,277

  • 24d · Other expenses: CUSTOMER ACCOUNT EXPENSES

    total $361,630

  • 24e · All other expenses

    total $294,538

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $595,125 · end of year $1,128,443

  • 2 · Savings and temporary cash investments

    beginning of year $8,654 · end of year $10,252

  • 4 · Accounts receivable

    beginning of year $2,773,954 · end of year $3,082,541

  • 7 · Other notes and loans receivable

    beginning of year $17,392 · end of year $996,460

  • 8 · Inventories for sale or use

    beginning of year $1,385,117 · end of year $1,036,778

  • 9 · Prepaid expenses and deferred charges

    beginning of year $192,385 · end of year $210,406

  • 10a · Land, buildings and equipment: cost or other basis

    $80,367,795

  • 10b · Land, buildings and equipment: accumulated depreciation

    $29,464,515

  • 10c · Land, buildings and equipment, net

    beginning of year $46,345,749 · end of year $50,903,280

  • 13 · Investments: program-related

    beginning of year $14,378,491 · end of year $15,035,982

  • 15 · Other assets

    beginning of year $99,027 · end of year $77,808

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,638,928 · end of year $3,110,684

  • 23 · Secured mortgages and notes payable

    beginning of year $32,023,355 · end of year $37,200,048

  • 25 · Other liabilities

    beginning of year $1,161,654 · end of year $1,103,590

  • 29 · Capital stock, trust principal or current funds

    beginning of year $54,990

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $28,337,812 · end of year $29,309,125

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,579,155 · end of year $1,758,503

Mission and programs · 2025

Mission

DISTRIBUTE ELECTRIC ENERGY

  • THE COOPERATIVE PROVIDES RURAL ELECTRICAL SERVICE TO 12,222 CONSUMERS.

As filed on the 2025 return.

Listed in Part VII

  • Robert Dooley

    PRESIDENT/CE

    Total calculated
    $456,707
    From this org
    $236,416
    From related orgs
    $0
    Other
    $220,291
    Hours/week
    42.41

    Schedule J breakdown matched by us

    Base
    $226,416
    Bonus
    $10,000
    Other
    not reported
    Deferred
    $182,840
    Nontaxable benefits
    $37,451
    Filer's total
    $456,707

  • Shawn Rasmuson

    OPERATIONS M

    Total calculated
    $237,235
    From this org
    $125,301
    From related orgs
    $0
    Other
    $111,934
    Hours/week
    43.1

    Schedule J breakdown matched by us

    Base
    $125,301
    Bonus
    not reported
    Other
    not reported
    Deferred
    $76,239
    Nontaxable benefits
    $35,695
    Filer's total
    $237,235

  • Kristine McNamara

    FINANCE MANA

    Total calculated
    $182,259
    From this org
    $122,055
    From related orgs
    $0
    Other
    $60,204
    Hours/week
    41.83

    Schedule J breakdown matched by us

    Base
    $118,555
    Bonus
    $3,500
    Other
    not reported
    Deferred
    $23,121
    Nontaxable benefits
    $37,083
    Filer's total
    $182,259

  • Keith Bauer

    LINEMAN

    Total calculated
    $178,052
    From this org
    $120,723
    From related orgs
    $0
    Other
    $57,329
    Hours/week
    45.5

    Schedule J breakdown matched by us

    Base
    $120,723
    Bonus
    not reported
    Other
    not reported
    Deferred
    $22,172
    Nontaxable benefits
    $35,157
    Filer's total
    $178,052

  • Lucas Grant

    LINEMAN

    Total calculated
    $174,702
    From this org
    $121,191
    From related orgs
    $0
    Other
    $53,511
    Hours/week
    43.18

    Schedule J breakdown matched by us

    Base
    $121,191
    Bonus
    not reported
    Other
    not reported
    Deferred
    $23,904
    Nontaxable benefits
    $29,607
    Filer's total
    $174,702

  • Kyle Levra

    LINEMAN

    Total calculated
    $149,659
    From this org
    $125,176
    From related orgs
    $0
    Other
    $24,483
    Hours/week
    45.32

  • Nathan Scheithauer

    LINEMAN

    Total calculated
    $147,625
    From this org
    $133,882
    From related orgs
    $0
    Other
    $13,743
    Hours/week
    45.97

  • David Kaczmarski

    LINEMAN

    Total calculated
    $139,851
    From this org
    $126,180
    From related orgs
    $0
    Other
    $13,671
    Hours/week
    43.61

  • Alan Wilkie

    DIRECTOR

    Total calculated
    $10,900
    From this org
    $10,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.45

  • Douglas Faber

    SECRETARY/TR

    Total calculated
    $10,475
    From this org
    $10,475
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.94

  • Paul Nyhus

    CHAIRMAN

    Total calculated
    $9,725
    From this org
    $9,725
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.25

  • Lawrence Hall

    DIRECTOR

    Total calculated
    $7,975
    From this org
    $7,975
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.63

  • William Peavey

    VICE CHAIR

    Total calculated
    $7,275
    From this org
    $7,275
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.82

  • John Collins

    SECRETARY/TR

    Total calculated
    $6,925
    From this org
    $6,925
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.91

  • Francis Klatt

    DIRECTOR

    Total calculated
    $6,575
    From this org
    $6,575
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.67

  • Christopher Evans

    DIRECTOR

    Total calculated
    $5,825
    From this org
    $5,825
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.07

  • Neil Plourde

    DIRECTOR

    Total calculated
    $5,575
    From this org
    $5,575
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.85

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ST CROIX SERVICES INC

    C CORP · INTERNET · WI · 100% owned · share of income -$2,374 · share of assets $428,843

    Directly controlled by ST CROIX

  • ST CROIX SOLAR LLC

    C CORP · GENERATION · WI · 100% owned · share of income $10,599 · share of assets $111,076

    Directly controlled by ST CROIX ELECTRIC COOPERATIVE

Provenance

Return type
form_990
Tax year
2025
Filed
5 May 2026
IRS schema version
2025v4.0
Source object
202611349349305696

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