Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALE OF ELECTRICITY TO MEMBERS

  total $17,940,005 · related or exempt $17,940,005 · unrelated business $0 · excluded $0

• 2b · Program service revenue: POLE ATTACHMENT RENTAL

  total $48,689 · related or exempt $48,689 · unrelated business $0 · excluded $0

• 2c · Program service revenue: BPA RENTAL REVENUE

  total $396,695 · related or exempt $396,695 · unrelated business $0 · excluded $0

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $53,599 · related or exempt $0 · unrelated business $0 · excluded $53,599

• 4 · Income from investment of tax-exempt bond proceeds

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 5 · Royalties

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $0 · other assets $55,400

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

  securities $0 · other assets $0

• 7c · Gain or loss

  securities $0 · other assets $55,400

• 7d · Net gain or loss

  total $55,400 · related or exempt $55,400 · unrelated business $0 · excluded $0

• 11a · Other revenue: CAPITAL CREDITS EARNED FROM ASSOCIATED ORGANIZATIONS

  total $103,416 · related or exempt $103,416 · unrelated business $0 · excluded $0

• 11b · Other revenue: OTHER NON-OPERATING INCOME

  total $61,910 · related or exempt $61,910 · unrelated business $0 · excluded $0

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $165,326

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0

• 2 · Grants to domestic individuals

  total $0

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $783,531

• 5 · Compensation of officers, directors and key employees

  total $799,752

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $0

• 8 · Pension plan contributions

  total $0

• 9 · Other employee benefits

  total $0

• 10 · Payroll taxes

  total $0

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $37,536

• 11c · Fees: accounting

  total $49,875

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $0

• 11g · Fees: other

  total $77,022

• 12 · Advertising and promotion

  total $10,179

• 13 · Office expenses

  total $57,048

• 14 · Information technology

  total $200,456

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $0

• 17 · Travel

  total $0

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $35,355

• 20 · Interest

  total $888,833

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $1,206,077

• 23 · Insurance

  total $115,169

• 24a · Other expenses: POWER PURCHASED EXPENSES

  total $9,332,029

• 24b · Other expenses: TRANSMISSION & DISTRIBUTION OPS & MAINT

  total $3,091,536

• 24c · Other expenses: MEMBER ACCOUNTS, SERVICES & INFO EXPENSES

  total $667,344

• 24d · Other expenses: G&A EXPENSES (NOT ALREADY LISTED)

  total $861,629

• 24e · All other expenses

  total $446,343

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $876,663 · end of year $727,875

• 2 · Savings and temporary cash investments

  beginning of year $58,565 · end of year $60,763

• 4 · Accounts receivable

  beginning of year $2,117,271 · end of year $3,540,046

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $35,180 · end of year $35,688

• 8 · Inventories for sale or use

  beginning of year $1,646,860 · end of year $1,763,407

• 9 · Prepaid expenses and deferred charges

  beginning of year $400,075 · end of year $475,893

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

  $50,206,265

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

  $18,808,567

• 10c · Land, buildings and equipment, net

  beginning of year $32,834,208 · end of year $31,397,698

• 11 · Investments: publicly traded securities

  beginning of year $0 · end of year $0

• 12 · Investments: other securities

  beginning of year $1,846,115 · end of year $1,892,334

• 13 · Investments: program-related

  beginning of year $0 · end of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $26,920 · end of year $33,996

• 17 · Accounts payable and accrued expenses

  beginning of year $3,306,576 · end of year $2,372,191

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $400,000 · end of year $1,589,385

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $19,776,793 · end of year $19,202,624

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $481,247 · end of year $707,629

• 29 · Capital stock, trust principal or current funds

  beginning of year $14,370 · end of year $14,505

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

  beginning of year $15,862,871 · end of year $16,041,366

• 31 · Retained earnings, endowment or other funds

  beginning of year $0 · end of year $0

The filer's explanations (Part III)

Schedule J, Part I, Line 3

The Board obtains salary information from various sources, including the Oregon Rural Electric Cooperative Association's and the National Rural Electric Cooperative Association's surveys in determining the appropriate level of compensation for the General Manager position. On an annual basis, Human Resources prepares an analysis of management, professional, and trade positions that includes a comparison of wages and benefits for similar positions at other entities. This analysis gathers data from the local area utility market and the National Rural Electric Cooperative's wage survey which covers comparable positions nationally, regionally, and by state. The Board sets the General Manager's salary and approves the salary budget for other positions. The wages of each individual employee below the GM are ultimately determined by the General Manager within this salary budget and based on individual performance.

Schedule J, Part II

The Cooperative participates in the National Rural Electric Cooperative's group defined benefit plan. As part of the plan, we are required to recognize the actuarial increase in the value of their retirement plan for purposes of this schedule. Employee age and years of service have an impact on their actuarial value. Additionally, the taxable value of employee life insurance is considered in this total.