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Nonprofiteer
← LINCOLN ELECTRIC COOPERATIVE INC

Form 990 for tax year 2025

Filed by LINCOLN ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$17,454,724
Total expenses
$16,488,223
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$15,319,082
Investment income
$106,610
Other revenue
$2,029,032
Total assets, end of year
$39,773,431
Total liabilities, end of year
$22,996,697
Net assets or fund balances, end of year
$16,776,734
Program services expenses (Part IX)
$16,488,223
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$16,488,223

Program services were 100.0% 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: Electricity Sales

    total $15,248,983 · related or exempt $15,248,983

  • 2b · Program service revenue: Other electric revenue

    total $70,099 · related or exempt $70,099

  • 3 · Investment income

    total $106,610 · related or exempt $57,690 · unrelated business $16,252 · excluded $32,668

  • 6a · Gross rents

    real property $8,023

  • 6c · Rental income or loss

    real property $8,023

  • 6d · Net rental income or loss

    total $8,023 · excluded $8,023

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $3,586,632

  • 10b · Cost of goods sold

    $1,529,916

  • 10c · Net income from sales of inventory

    total $2,056,716 · unrelated business $2,056,716

  • 11a · Other revenue: Other non-operatingnet

    total -$35,707 · related or exempt $13,638 · unrelated business -$49,345

  • 11e · Other revenue, total

    -$35,707

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $352,249 · program services $352,249

  • 5 · Compensation of officers, directors and key employees

    total $298,392 · program services $298,392

  • 7 · Other salaries and wages

    total $3,231,840 · program services $3,231,840

  • 8 · Pension plan contributions

    total $788,409 · program services $788,409

  • 9 · Other employee benefits

    total $557,743 · program services $557,743

  • 10 · Payroll taxes

    total $282,665 · program services $282,665

  • 11b · Fees: legal

    total $16,782 · program services $16,782

  • 11c · Fees: accounting

    total $16,100 · program services $16,100

  • 12 · Advertising and promotion

    total $5,971 · program services $5,971

  • 13 · Office expenses

    total $181,849 · program services $181,849

  • 14 · Information technology

    total $73,256 · program services $73,256

  • 16 · Occupancy

    total $23,796 · program services $23,796

  • 17 · Travel

    total $176,624 · program services $176,624

  • 19 · Conferences, conventions and meetings

    total $135,402 · program services $135,402

  • 20 · Interest

    total $799,979 · program services $799,979

  • 22 · Depreciation, depletion and amortization

    total $1,344,802 · program services $1,344,802

  • 23 · Insurance

    total $144,292 · program services $144,292

  • 24a · Other expenses: Cost of power

    total $6,496,566 · program services $6,496,566

  • 24b · Other expenses: Distribution-operations

    total $2,349,206 · program services $2,349,206

  • 24c · Other expenses: Administration and general

    total $2,078,949 · program services $2,078,949

  • 24d · Other expenses: Distribution-maintenance

    total $1,265,142 · program services $1,265,142

  • 24e · All other expenses

    total -$4,131,791 · program services -$4,131,791

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $193,284 · end of year $730,884

  • 2 · Savings and temporary cash investments

    beginning of year $1,466,102 · end of year $971,390

  • 4 · Accounts receivable

    beginning of year $1,844,834 · end of year $1,799,811

  • 7 · Other notes and loans receivable

    beginning of year $196,534 · end of year $396,868

  • 8 · Inventories for sale or use

    beginning of year $3,839,812 · end of year $3,708,925

  • 9 · Prepaid expenses and deferred charges

    beginning of year $515,531 · end of year $542,820

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

    $48,781,085

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

    $18,833,898

  • 10c · Land, buildings and equipment, net

    beginning of year $30,216,399 · end of year $29,947,187

  • 13 · Investments: program-related

    beginning of year $1,532,475 · end of year $1,555,523

  • 14 · Intangible assets

    beginning of year $154,055 · end of year $120,023

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,893,683 · end of year $2,172,796

  • 19 · Deferred revenue

    beginning of year $1,367,790 · end of year $614,573

  • 23 · Secured mortgages and notes payable

    beginning of year $19,666,175 · end of year $20,011,734

  • 24 · Unsecured notes and loans payable

    beginning of year $1,040,141

  • 25 · Other liabilities

    beginning of year $181,004 · end of year $197,594

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

    beginning of year $1,947,564 · end of year $2,069,144

  • 31 · Retained earnings, endowment or other funds

    beginning of year $13,862,669 · end of year $14,707,590

Mission and programs · 2025

Mission

Lincoln Electric Cooperative, Inc. is an electric distribution cooperative established to provide electrical power and services to its members located in portions of Lincoln and Flathead counties of Montana.

  • Cooperative resources and activities are related to providing electrical power and services to its members located in portions of Lincoln and Flathead counties of Montana.

    Expenses $16,488,223

As filed on the 2025 return.

Listed in Part VII

  • Matthew Quinn

    General Manager

    Total calculated
    $275,140
    From this org
    $236,892
    From related orgs
    $0
    Other
    $38,248
    Hours/week
    44

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $216,513
    Bonus
    $7,179
    Other
    $13,200
    Deferred
    $38,248
    Nontaxable benefits
    not reported
    Filer's total
    $275,140

  • Ryan Cameron

    Journeyman Lineman

    Total calculated
    $209,352
    From this org
    $175,509
    From related orgs
    $0
    Other
    $33,843
    Hours/week
    49

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $174,431
    Bonus
    $778
    Other
    $300
    Deferred
    $33,843
    Nontaxable benefits
    not reported
    Filer's total
    $209,352

  • Stanley Williams

    Operations Manager

    Total calculated
    $202,895
    From this org
    $152,687
    From related orgs
    $0
    Other
    $50,208
    Hours/week
    40

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $151,133
    Bonus
    $1,554
    Other
    not reported
    Deferred
    $50,208
    Nontaxable benefits
    not reported
    Filer's total
    $202,895

  • Brendan Nichols

    Journeyman Lineman

    Total calculated
    $200,094
    From this org
    $166,476
    From related orgs
    $0
    Other
    $33,618
    Hours/week
    49

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $165,398
    Bonus
    $778
    Other
    $300
    Deferred
    $33,618
    Nontaxable benefits
    not reported
    Filer's total
    $200,094

  • Josh Jankovsky

    Line Foreman

    Total calculated
    $192,851
    From this org
    $155,721
    From related orgs
    $0
    Other
    $37,130
    Hours/week
    44

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $154,643
    Bonus
    $778
    Other
    $300
    Deferred
    $37,130
    Nontaxable benefits
    not reported
    Filer's total
    $192,851

  • Dawson McCully

    Journeyman Lineman

    Total calculated
    $190,462
    From this org
    $156,948
    From related orgs
    $0
    Other
    $33,514
    Hours/week
    47

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $155,870
    Bonus
    $778
    Other
    $300
    Deferred
    $33,514
    Nontaxable benefits
    not reported
    Filer's total
    $190,462

  • Michelle Wilbur

    CFO

    Total calculated
    $188,429
    From this org
    $143,132
    From related orgs
    $0
    Other
    $45,297
    Hours/week
    44

    Schedule J breakdown matched by us · ignoring case and punctuation

    Base
    $140,025
    Bonus
    $3,107
    Other
    not reported
    Deferred
    $45,297
    Nontaxable benefits
    not reported
    Filer's total
    $188,429

  • Rick Peterson

    Board President

    Total calculated
    $12,900
    From this org
    $12,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    7

  • Marianne Roose

    Trustee

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • Tina Taurman

    Trustee

    Total calculated
    $10,750
    From this org
    $10,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    15

  • David Purdy

    Trustee

    Total calculated
    $6,900
    From this org
    $6,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Sandra Mason

    SecretaryTreasurer

    Total calculated
    $6,600
    From this org
    $6,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Myra Appel

    Trustee

    Total calculated
    $5,250
    From this org
    $5,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Rodney Kane

    Trustee

    Total calculated
    $4,350
    From this org
    $4,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Joel Graves

    Vice-President

    Total calculated
    $2,750
    From this org
    $2,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

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

None.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • Rural Propane Services

    Sale of Propane and related services · MT · assets $4,177,736

    Directly controlled by Lincoln Electric Cooperative

Provenance

Return type
form_990
Tax year
2025
Filed
4 September 2026
IRS schema version
2025v4.2
Source object
202602479349300020

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