Skip to content
Nonprofiteer
← NORTHERN LIGHTS INCORPORATED

Form 990 for tax year 2025

Filed by NORTHERN LIGHTS INCORPORATED.

Totals

Total revenue
$50,227,488
Total expenses
$50,227,488
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$45,851,962
Investment income
$255,247
Other revenue
$4,120,279
Total assets, end of year
$119,133,807
Total liabilities, end of year
$50,399,227
Net assets or fund balances, end of year
$68,734,580
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$50,227,488

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: Electric Energy Sales

    total $45,738,796 · related or exempt $45,738,796 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Connect Fees / Service income

    total $113,166 · related or exempt $113,166 · 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 $131,337 · related or exempt $0 · unrelated business $0 · excluded $131,337

  • 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 $193,807

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

    securities $0 · other assets $69,897

  • 7c · Gain or loss

    securities $0 · other assets $123,910

  • 7d · Net gain or loss

    total $123,910 · related or exempt $0 · unrelated business $0 · excluded $123,910

  • 11a · Other revenue: Patronage Capital Credits and Other

    total $4,058,186 · related or exempt $4,058,186 · unrelated business $0 · excluded $0

  • 11b · Other revenue: Pole Contact Contracts

    total $62,093 · related or exempt $0 · unrelated business $0 · excluded $62,093

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $4,120,279

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 $4,313,433

  • 5 · Compensation of officers, directors and key employees

    total $639,609

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $5,462,001

  • 8 · Pension plan contributions

    total $1,740,200

  • 9 · Other employee benefits

    total $1,065,836

  • 10 · Payroll taxes

    total $546,000

  • 11a · Fees: management

    total $332,401

  • 11b · Fees: legal

    total $60,072

  • 11c · Fees: accounting

    total $44,662

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $3,972

  • 13 · Office expenses

    total $62,291

  • 14 · Information technology

    total $694,060

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $559,511

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $165,536

  • 20 · Interest

    total $1,846,035

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $3,722,571

  • 23 · Insurance

    total $262,765

  • 24a · Other expenses: Purchased Power

    total $19,559,006

  • 24b · Other expenses: Property Tax

    total $945,047

  • 24c · Other expenses: Power Production Expenses

    total $537,244

  • 24d · Other expenses: Maintenance and Operations

    total $7,665,236

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,566,089 · end of year $3,531,180

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $4,636,098 · end of year $5,262,990

  • 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 $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $2,845,601 · end of year $3,489,183

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $177,980,951

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

    $76,479,097

  • 10c · Land, buildings and equipment, net

    beginning of year $94,898,764 · end of year $101,501,854

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $5,290,192 · end of year $5,256,313

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $137,755 · end of year $92,287

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,775,044 · end of year $8,969,891

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 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 $34,581,730 · end of year $41,429,336

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $163,377 · end of year $163,377

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

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $65,854,348 · end of year $68,571,203

Mission and programs · 2025

Mission

To provide electric service to more than 20,000 rural members at the lowest possible cost on a cooperative basis.

Activities or mission (Part I)

Provide Electric Service to Rural Members

  • Generated, distributed, and sold electric energy to members across Northern Idaho, Western Montana, and Northeastern Washington state.

    Expenses $50,227,488 · Revenue $50,227,488

As filed on the 2025 return.

Listed in Part VII

  • Annie Terracciano

    General Manager/CEO

    Total calculated
    $441,209
    From this org
    $292,686
    From related orgs
    $0
    Other
    $148,523
    Hours/week
    50 + 5 related

    Schedule J breakdown matched by us

    Base
    $292,686
    Bonus
    $0
    Other
    $0
    Deferred
    $116,592
    Nontaxable benefits
    $31,931
    Filer's total
    $441,209

  • Kristin Burge

    Operations Manager

    Total calculated
    $330,983
    From this org
    $224,052
    From related orgs
    $0
    Other
    $106,931
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $224,052
    Bonus
    $0
    Other
    $0
    Deferred
    $89,962
    Nontaxable benefits
    $16,969
    Filer's total
    $330,983

  • Dan Davis

    Lineman

    Total calculated
    $306,824
    From this org
    $238,452
    From related orgs
    $0
    Other
    $68,372
    Hours/week
    51

    Schedule J breakdown matched by us

    Base
    $238,452
    Bonus
    $0
    Other
    $0
    Deferred
    $45,291
    Nontaxable benefits
    $23,081
    Filer's total
    $306,824

  • Patrick Raynor

    Lineman

    Total calculated
    $302,582
    From this org
    $244,541
    From related orgs
    $0
    Other
    $58,041
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $244,541
    Bonus
    $0
    Other
    $0
    Deferred
    $47,269
    Nontaxable benefits
    $10,772
    Filer's total
    $302,582

  • Marcus Hull

    Lineman

    Total calculated
    $296,990
    From this org
    $238,898
    From related orgs
    $0
    Other
    $58,092
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $238,898
    Bonus
    $0
    Other
    $0
    Deferred
    $47,321
    Nontaxable benefits
    $10,772
    Filer's total
    $296,991

  • William Murray

    Lineman

    Total calculated
    $288,223
    From this org
    $231,168
    From related orgs
    $0
    Other
    $57,055
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $231,168
    Bonus
    $0
    Other
    $0
    Deferred
    $44,451
    Nontaxable benefits
    $12,604
    Filer's total
    $288,223

  • Steve Klatt

    Director

    Total calculated
    $34,600
    From this org
    $34,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Steve Elgar

    President

    Total calculated
    $31,200
    From this org
    $31,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    16

  • Mike Dolan

    Secretary

    Total calculated
    $27,600
    From this org
    $27,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Dave Anderson

    Director

    Total calculated
    $27,600
    From this org
    $27,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • James Woodward

    Director

    Total calculated
    $26,600
    From this org
    $26,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    16

  • Jill Vandegrift

    Director

    Total calculated
    $26,200
    From this org
    $26,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

  • Kennon Mcklintock

    Vice President

    Total calculated
    $24,600
    From this org
    $24,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

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

None.

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.

Provenance

Return type
form_990
Tax year
2025
Filed
6 May 2026
IRS schema version
2025v4.0
Source object
202611269349303526

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.