Skip to content
Nonprofiteer
← FERGUS ELECTRIC COOPERATIVE INC

Form 990 for tax year 2025

Filed by FERGUS ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$31,906,904
Total expenses
$31,906,904
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$30,028,941
Investment income
$72,743
Other revenue
$1,805,220
Total assets, end of year
$72,667,056
Total liabilities, end of year
$26,023,886
Net assets or fund balances, end of year
$46,643,170
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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: SALE OF UTILITY SERVICES TO MEMBE

    total $30,028,941 · related or exempt $30,028,941

  • 3 · Investment income

    total $72,743 · excluded $72,743

  • 11a · Other revenue: CAPITAL CREDITS

    total $1,319,305 · related or exempt $1,319,305

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

    total $485,915 · related or exempt $485,915

  • 11e · Other revenue, total

    $1,805,220

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $2,463,495

  • 5 · Compensation of officers, directors and key employees

    total $549,949

  • 7 · Other salaries and wages

    total $276,157

  • 9 · Other employee benefits

    total $98,384

  • 11b · Fees: legal

    total $46,705

  • 11c · Fees: accounting

    total $20,734

  • 11g · Fees: other

    total $4,543

  • 12 · Advertising and promotion

    total $11,390

  • 13 · Office expenses

    total $24,692

  • 20 · Interest

    total $1,011,998

  • 22 · Depreciation, depletion and amortization

    total $2,594,143

  • 24a · Other expenses: COST OF POWER

    total $19,131,448

  • 24b · Other expenses: DISTRIBUTION - OPERATIO

    total $2,363,076

  • 24c · Other expenses: DISTRIBUTION - MAINTENA

    total $1,616,635

  • 24d · Other expenses: CUSTOMER ACCOUNTS

    total $545,124

  • 24e · All other expenses

    total $1,148,431

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $365,703 · end of year $1,034,720

  • 2 · Savings and temporary cash investments

    beginning of year $1,105,824 · end of year $1,100,311

  • 4 · Accounts receivable

    beginning of year $2,566,716 · end of year $2,786,085

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,040 · end of year $895

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

    $88,500,949

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

    $36,040,852

  • 10c · Land, buildings and equipment, net

    beginning of year $52,841,386 · end of year $52,460,097

  • 12 · Investments: other securities

    beginning of year $9,918,320 · end of year $13,193,245

  • 15 · Other assets

    beginning of year $2,598,271 · end of year $2,091,703

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,794,733 · end of year $3,251,895

  • 19 · Deferred revenue

    beginning of year $106,618 · end of year $104,122

  • 23 · Secured mortgages and notes payable

    beginning of year $19,969,127 · end of year $21,477,376

  • 25 · Other liabilities

    beginning of year $1,131,543 · end of year $1,190,493

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

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

    beginning of year $45,395,239 · end of year $46,643,170

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2025

Mission

THE MISSION OF FERGUS ELECTRIC COOPERATIVE IS TO PROVIDE RELIABLE, SAFE, AND AFFORDABLE ENERGY SERVICES TO THE COMMUNITIES WE SERVE. WHO WE ARE: WE ARE A NON-PROFIT COOPERATIVE UTILITY OWNED, OPERATED AND SUPPORTED BY MEMBERS IN CENTRAL MONTANA.WHAT WE DO: WE DISTRIBUTE ELECTRICITY AND ANCILLARY SERVICES TO 14 CENTRAL MONTANA COUNTIES: BLAINE, CASCADE, CHOTEAU, FERGUS, GOLDEN VALLEY, JUDITH BASIN, MEAGHER, MUSSELSHELL, PETROLEUM, STILLWATER, SWEET GRASS, TREASURE, WHEATLAND, AND YELLOWSTONE.WHAT WE VALUE: WE VALUE INTEGRITY, RELIABILITY, QUALITY, AFFORDABILITY, AND EMPLOYEES IN SERVING OUR COMMUNITY AND MEMBER-OWNERS.WHAT WE ASPIRE TO BECOME: WE ARE WORKING TO BECOME THE TRUSTED PROVIDER FOR ALL ENERGY AND ENERGY RELATED SERVICES THAT OUR MEMBERS REQUIRE.

  • THE MISSION OF FERGUS ELECTRIC COOPERATIVE IS TO PROVIDE RELIABLE, SAFE, AND AFFORDABLE ENERGY SERVICES TO THE COMMUNITIES WE SERVE. WHO WE ARE: WE ARE A NON-PROFIT COOPERATIVE UTILITY OWNED, OPERATED AND SUPPORTED BY MEMBERS IN CENTRAL MONTANA.WHAT WE DO: WE DISTRIBUTE ELECTRICITY AND ANCILLARY SERVICES TO 14 CENTRAL MONTANA COUNTIES: BLAINE, CASCADE, CHOTEAU, FERGUS, GOLDEN VALLEY, JUDITH BASIN, MEAGHER, MUSSELSHELL, PETROLEUM, STILLWATER, SWEET GRASS, TREASURE, WHEATLAND, AND YELLOWSTONE.WHAT WE VALUE: WE VALUE INTEGRITY, RELIABILITY, QUALITY, AFFORDABILITY, AND EMPLOYEES IN SERVING OUR COMMUNITY AND MEMBER-OWNERS.WHAT WE ASPIRE TO BECOME: WE ARE WORKING TO BECOME THE TRUSTED PROVIDER FOR ALL ENERGY AND ENERGY RELATED SERVICES THAT OUR MEMBERS REQUIRE.

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Terry Frost

    PRESIDENT

    Total calculated
    $35,589
    From this org
    $35,589
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.94

  • Jason Swanz

    VICE PRESIDENT

    Total calculated
    $48,448
    From this org
    $48,448
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.47

  • Brad Arntzen

    SECRETARY/TREASURER

    Total calculated
    $38,365
    From this org
    $38,365
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.46

  • Bob Evans

    TRUSTEE

    Total calculated
    $19,358
    From this org
    $19,358
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.3

  • Cathy Kombol

    TRUSTEE

    Total calculated
    $34,194
    From this org
    $34,194
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.17

  • Brett Maxwell

    TRUSTEE

    Total calculated
    $18,983
    From this org
    $18,983
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.52

  • Paul Descheemaeker

    TRUSTEE (ENDED JUNE 2025)

    Total calculated
    $18,736
    From this org
    $18,736
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.08

  • Paul Brady

    TRUSTEE (BEGAN JUNE 2025)

    Total calculated
    $23,282
    From this org
    $23,282
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.03

  • Carson Sweeney

    GENERAL MANAGER

    Total calculated
    $312,994
    From this org
    $217,122
    From related orgs
    $0
    Other
    $95,872
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,122
    Bonus
    $0
    Other
    $0
    Deferred
    $50,578
    Nontaxable benefits
    $45,294
    Filer's total
    $312,994

  • Sally Horacek

    OFFICE MANAGER

    Total calculated
    $241,402
    From this org
    $156,291
    From related orgs
    $0
    Other
    $85,111
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,291
    Bonus
    $0
    Other
    $0
    Deferred
    $50,353
    Nontaxable benefits
    $34,758
    Filer's total
    $241,402

  • Dale Rikala

    LINE SUPERINTENDENT

    Total calculated
    $236,364
    From this org
    $152,888
    From related orgs
    $0
    Other
    $83,476
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,888
    Bonus
    $0
    Other
    $0
    Deferred
    $52,082
    Nontaxable benefits
    $31,394
    Filer's total
    $236,364

  • Bret Ophus

    LINE SUPERINTENDENT

    Total calculated
    $233,334
    From this org
    $153,025
    From related orgs
    $0
    Other
    $80,309
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,025
    Bonus
    $0
    Other
    $0
    Deferred
    $45,852
    Nontaxable benefits
    $34,457
    Filer's total
    $233,334

  • Mark Schwomeyer

    FOREMAN

    Total calculated
    $202,778
    From this org
    $145,218
    From related orgs
    $0
    Other
    $57,560
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,218
    Bonus
    $0
    Other
    $0
    Deferred
    $27,046
    Nontaxable benefits
    $30,514
    Filer's total
    $202,778

  • Janine Didier

    PAYROLL ADMINISTRATOR

    Total calculated
    $199,261
    From this org
    $135,608
    From related orgs
    $0
    Other
    $63,653
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,608
    Bonus
    $0
    Other
    $0
    Deferred
    $44,377
    Nontaxable benefits
    $19,276
    Filer's total
    $199,261

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
18 August 2026
IRS schema version
2025v4.2
Source object
202622339349300737

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.