Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALE OF ELECTRICITY

  total $563,500,498 · related or exempt $563,500,498

• 2b · Program service revenue: POLE RENT

  total $48,917 · excluded $48,917

• 3 · Investment income

  total $8,791,805 · excluded $8,791,805

• 6a · Gross rents

  real property $180,678

• 6b · Less rental expenses

  real property $58,908

• 6c · Rental income or loss

  real property $121,770

• 6d · Net rental income or loss

  total $121,770 · excluded $121,770

• 7a · Gross sales of assets other than inventory

  other assets $53,397

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

  other assets $0

• 7c · Gain or loss

  other assets $53,397

• 7d · Net gain or loss

  total $53,397 · excluded $53,397

• 11a · Other revenue: INCOME FROM EQUITY INVESTMENTS

  total $1,664,488 · related or exempt $1,664,488

• 11e · Other revenue, total

  $1,664,488

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $231,603

• 4 · Benefits paid to or for members

  total $20,289,135

• 5 · Compensation of officers, directors and key employees

  total $3,171,150

• 11b · Fees: legal

  total $1,084,426

• 11c · Fees: accounting

  total $141,476

• 20 · Interest

  total $5,777,431

• 22 · Depreciation, depletion and amortization

  total $9,360,817

• 24a · Other expenses: COST OF POWER

  total $491,550,360

• 24b · Other expenses: DISTRIBUTION

  total $10,663,813

• 24c · Other expenses: ADMINISTRATIVE & GENERA

  total $9,390,235

• 24d · Other expenses: NONOPERATING EXPENSE

  total $4,329,672

• 24e · All other expenses

  total $8,766,287

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $63,228,270 · end of year $34,438,583

• 2 · Savings and temporary cash investments

  beginning of year $12,361,146 · end of year $40,677,107

• 4 · Accounts receivable

  beginning of year $44,408,504 · end of year $50,301,524

• 7 · Other notes and loans receivable

  beginning of year $332,883 · end of year $603,102

• 8 · Inventories for sale or use

  beginning of year $53,895,782 · end of year $54,135,663

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,078,454 · end of year $40,706,807

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

  $366,702,857

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

  $93,094,830

• 10c · Land, buildings and equipment, net

  beginning of year $251,837,615 · end of year $273,608,027

• 12 · Investments: other securities

  beginning of year $30,573,541 · end of year $32,308,463

• 13 · Investments: program-related

  beginning of year $75,461,009 · end of year $175,256,369

• 15 · Other assets

  beginning of year $33,209,863 · end of year $11,263,996

• 17 · Accounts payable and accrued expenses

  beginning of year $44,933,182 · end of year $82,579,669

• 23 · Secured mortgages and notes payable

  beginning of year $103,716,058 · end of year $176,571,446

• 25 · Other liabilities

  beginning of year $245,811,618 · end of year $254,711,718

• 29 · Capital stock, trust principal or current funds

  beginning of year $56,365 · end of year $57,130

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

  beginning of year $49,838,072 · end of year $61,238,878

• 31 · Retained earnings, endowment or other funds

  beginning of year $123,031,772 · end of year $138,140,800

The filer's explanations (Part III)

PART I, LINE 4B

THE COOPERATIVE MAINTAINS A NON-QUALIFIED DEFERRED COMPENSATION PROGRAM.

Related corporations and trusts

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

• UMATILLA BASIN HOLDINGS

  C · BUSINESS DEVELOPMENT · OR · 100% owned · share of income $3,268,311 · share of assets $32,327,220

  Directly controlled by UMATILLA ELECTRIC COOPERATIVE