Skip to content
Nonprofiteer
← PARK ELECTRIC COOPERATIVE INCORPORATED

Form 990 for tax year 2025

Filed by PARK ELECTRIC COOPERATIVE INCORPORATED.

Totals

Total revenue
$18,811,202
Total expenses
$17,703,778
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$17,590,058
Investment income
$86,633
Other revenue
$1,134,511
Total assets, end of year
$31,281,893
Total liabilities, end of year
$1,727,789
Net assets or fund balances, end of year
$29,554,104
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 ELECTRICITY

    total $17,590,058 · related or exempt $17,590,058

  • 3 · Investment income

    total $86,633 · related or exempt $86,633

  • 11a · Other revenue: CAPITAL CREDIT ALLOCATIONS

    total $1,115,339 · related or exempt $1,115,339

  • 11b · Other revenue: ALLOWANCE FOR CONSTRUCITON FUNDS

    total $19,172 · related or exempt $19,172

  • 11e · Other revenue, total

    $1,134,511

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $774,936

  • 5 · Compensation of officers, directors and key employees

    total $579,394

  • 9 · Other employee benefits

    total $98

  • 11b · Fees: legal

    total $18,358

  • 11c · Fees: accounting

    total $16,604

  • 13 · Office expenses

    total $87,665

  • 19 · Conferences, conventions and meetings

    total $11,602

  • 22 · Depreciation, depletion and amortization

    total $1,579,165

  • 23 · Insurance

    total $23,267

  • 24a · Other expenses: COST OF POWER

    total $10,665,203

  • 24b · Other expenses: DISTRIBUTION-OPERATIONS

    total $1,626,773

  • 24c · Other expenses: DISTRIBUTION-MAINTENANC

    total $1,402,334

  • 24d · Other expenses: CONSUMER ACCOUNTS EXPEN

    total $214,703

  • 24e · All other expenses

    total $703,676

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,028,577 · end of year $928,965

  • 2 · Savings and temporary cash investments

    end of year $1,000,000

  • 4 · Accounts receivable

    beginning of year $1,474,626 · end of year $1,582,604

  • 8 · Inventories for sale or use

    beginning of year $1,066,554 · end of year $951,313

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,206 · end of year $10,830

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

    $49,928,156

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

    $31,056,709

  • 10c · Land, buildings and equipment, net

    beginning of year $16,873,085 · end of year $18,871,447

  • 12 · Investments: other securities

    beginning of year $7,342,998 · end of year $7,936,734

  • 17 · Accounts payable and accrued expenses

    beginning of year $824,502 · end of year $907,206

  • 25 · Other liabilities

    beginning of year $526,864 · end of year $820,583

  • 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 $12,155,992 · end of year $15,250,533

  • 31 · Retained earnings, endowment or other funds

    beginning of year $16,290,688 · end of year $14,303,571

Mission and programs · 2025

Mission

RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICAL SERVICES & UTILITIES TO MEMBERS AND PATRONS LOCATED IN THE SOUTH CENTRAL PORTION OF MONTANA.

Activities or mission (Part I)

RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICAL SERVICES AND UTILITIES TO MEMBERS & PATRONS LOCATED IN THE SOUTH CENTRAL PORTION OF MONTANA

  • RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICAL SERVICES & UTILITIES TO MEMBERS AND PATRONS LOCATED IN THE SOUTH CENTRAL PORTION OF MONTANA.

As filed on the 2025 return.

Listed in Part VII

  • Alan Johnstone

    PRESIDENT

    Total calculated
    $7,581
    From this org
    $1,200
    From related orgs
    $0
    Other
    $6,381
    Hours/week
    1.04

  • Albert Otis

    SECRETARY-TREASURER

    Total calculated
    $18,940
    From this org
    $2,075
    From related orgs
    $0
    Other
    $16,865
    Hours/week
    1.04

  • C Perry Anderson

    TRUSTEE

    Total calculated
    $600
    From this org
    $600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1.04

  • Craig Yost

    VICE PRESIDENT

    Total calculated
    $18,165
    From this org
    $1,300
    From related orgs
    $0
    Other
    $16,865
    Hours/week
    1.04

  • Dan Skattum

    TRUSTEE

    Total calculated
    $6,453
    From this org
    $2,725
    From related orgs
    $0
    Other
    $3,728
    Hours/week
    1.04

  • Matt Jesson

    TRUSTEE

    Total calculated
    $5,840
    From this org
    $1,200
    From related orgs
    $0
    Other
    $4,640
    Hours/week
    1.04

  • Nathan Anderson

    TRUSTEE

    Total calculated
    $8,531
    From this org
    $500
    From related orgs
    $0
    Other
    $8,031
    Hours/week
    1.04

  • William Brownlee

    TRUSTEE

    Total calculated
    $18,065
    From this org
    $1,200
    From related orgs
    $0
    Other
    $16,865
    Hours/week
    1.04

  • Matt Haggerty

    CEO

    Total calculated
    $336,458
    From this org
    $240,651
    From related orgs
    $0
    Other
    $95,807
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $240,651
    Bonus
    $0
    Other
    $0
    Deferred
    $72,228
    Nontaxable benefits
    $23,579
    Filer's total
    $336,458

  • Carol Amunrud

    CFO

    Total calculated
    $164,666
    From this org
    $108,378
    From related orgs
    $0
    Other
    $56,288
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $108,378
    Bonus
    $0
    Other
    $0
    Deferred
    $32,709
    Nontaxable benefits
    $23,579
    Filer's total
    $164,666

  • Matt Grose

    COO

    Total calculated
    $206,544
    From this org
    $139,430
    From related orgs
    $0
    Other
    $67,114
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,430
    Bonus
    $0
    Other
    $0
    Deferred
    $43,535
    Nontaxable benefits
    $23,579
    Filer's total
    $206,544

  • Joshua Fatouros

    LINEMAN FOREMAN

    Total calculated
    $222,954
    From this org
    $170,189
    From related orgs
    $0
    Other
    $52,765
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,189
    Bonus
    $0
    Other
    $0
    Deferred
    $35,461
    Nontaxable benefits
    $17,304
    Filer's total
    $222,954

  • Tanner Tawater

    LINEMAN FOREMAN

    Total calculated
    $217,337
    From this org
    $164,571
    From related orgs
    $0
    Other
    $52,766
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,571
    Bonus
    $0
    Other
    $0
    Deferred
    $35,462
    Nontaxable benefits
    $17,304
    Filer's total
    $217,337

  • Gunner Bergsing

    LINEMAN

    Total calculated
    $204,581
    From this org
    $153,510
    From related orgs
    $0
    Other
    $51,071
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,510
    Bonus
    $0
    Other
    $0
    Deferred
    $33,767
    Nontaxable benefits
    $17,304
    Filer's total
    $204,581

  • Brady Zachmann

    LINEMAN FOREMAN

    Total calculated
    $205,548
    From this org
    $152,782
    From related orgs
    $0
    Other
    $52,766
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,782
    Bonus
    $0
    Other
    $0
    Deferred
    $35,462
    Nontaxable benefits
    $17,304
    Filer's total
    $205,548

  • Dane Bondurant

    LINEMAN

    Total calculated
    $202,427
    From this org
    $151,342
    From related orgs
    $0
    Other
    $51,085
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,342
    Bonus
    $0
    Other
    $0
    Deferred
    $33,781
    Nontaxable benefits
    $17,304
    Filer's total
    $202,427

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
19 May 2026
IRS schema version
2025v4.1
Source object
202641469349300984

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.