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Nonprofiteer
← ONTONAGON COUNTY RURAL ELECTRIFICATION ASSOCIATION

Form 990 for tax year 2025

Filed by ONTONAGON COUNTY RURAL ELECTRIFICATION ASSOCIATION.

Totals

Total revenue
$7,868,957
Total expenses
$8,268,169
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$7,693,771
Investment income
$18,137
Other revenue
$157,049
Total assets, end of year
$28,930,638
Total liabilities, end of year
$20,765,431
Net assets or fund balances, end of year
$8,165,207
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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: ELECTRICITY AND RELATED SALES

    total $7,693,771 · related or exempt $7,693,771

  • 3 · Investment income

    total $18,137 · related or exempt $18,137

  • 11a · Other revenue: LLC DISTRIBUTIONS

    total $95,696 · related or exempt $95,696

  • 11b · Other revenue: CAPITAL CR & PATRONAGE DIV

    total $75,214 · related or exempt $75,214

  • 11c · Other revenue: OTHER NONOPERATING INCOME

    total -$13,861 · related or exempt -$13,861

  • 11e · Other revenue, total

    $157,049

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $177,695

  • 7 · Other salaries and wages

    total $764,272

  • 20 · Interest

    total $714,121

  • 22 · Depreciation, depletion and amortization

    total $1,049,951

  • 24a · Other expenses: PURCHASE POWER

    total $2,541,565

  • 24b · Other expenses: DISTIBUTION-MAINTENANCE

    total $1,609,801

  • 24c · Other expenses: PROPERTY TAXES

    total $366,672

  • 24d · Other expenses: DISTRIBUTION-OPERATION

    total $365,216

  • 24e · All other expenses

    total $678,876

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $500 · end of year $500

  • 2 · Savings and temporary cash investments

    beginning of year $478,634 · end of year $1,447,993

  • 4 · Accounts receivable

    beginning of year $1,177,632 · end of year $1,066,668

  • 8 · Inventories for sale or use

    beginning of year $852,584 · end of year $732,286

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,073 · end of year $19,505

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

    $38,680,041

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

    $14,647,512

  • 10c · Land, buildings and equipment, net

    beginning of year $24,163,471 · end of year $24,032,529

  • 13 · Investments: program-related

    beginning of year $1,532,261 · end of year $1,631,157

  • 15 · Other assets

    beginning of year -$7,537

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,074,625 · end of year $1,231,046

  • 23 · Secured mortgages and notes payable

    beginning of year $18,431,337 · end of year $19,420,559

  • 25 · Other liabilities

    beginning of year $143,662 · end of year $113,826

  • 29 · Capital stock, trust principal or current funds

    beginning of year $22,800 · end of year $22,325

  • 31 · Retained earnings, endowment or other funds

    beginning of year $8,541,194 · end of year $8,142,882

Mission and programs · 2025

Mission

TO PROVIDE SAFE, RELIABLE POWER TO THE RURAL AREAS OF HOUGHTON, ONTONAGON, KEWEENAW, BARAGA, AND GOGEBIC COUNTIES IN THE STATE OF MICHIGAN.

  • PROVIDED SAFE, RELIABLE POWER TO RURAL AREAS OF HOUGHTON, ONTONAGON, KEWEENAW, BARAGA, AND GOGEBIC COUNTIES IN THE STATE OF MICHIGAN.

As filed on the 2025 return.

Listed in Part VII

  • Kaleb Preiss

    LEAD LINEMAN

    Total calculated
    $170,270
    From this org
    $131,781
    From related orgs
    $0
    Other
    $38,489
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $131,781
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,155
    Nontaxable benefits
    $31,334
    Filer's total
    $170,270

  • Kelly J Clark

    JOURNEYMAN L

    Total calculated
    $161,852
    From this org
    $127,108
    From related orgs
    $0
    Other
    $34,744
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $127,108
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,503
    Nontaxable benefits
    $27,241
    Filer's total
    $161,852

  • Brady Erickson

    JOURNEYMAN L

    Total calculated
    $154,009
    From this org
    $119,643
    From related orgs
    $0
    Other
    $34,366
    Hours/week
    44

    Schedule J breakdown matched by us

    Base
    $119,643
    Bonus
    not reported
    Other
    not reported
    Deferred
    $4,549
    Nontaxable benefits
    $29,817
    Filer's total
    $154,009

  • Brandon Scroggs

    JOURNEYMAN L

    Total calculated
    $140,944
    From this org
    $120,065
    From related orgs
    $0
    Other
    $20,879
    Hours/week
    44

  • Dallas Aho

    CEO/GENERAL

    Total calculated
    $138,533
    From this org
    $113,133
    From related orgs
    $0
    Other
    $25,400
    Hours/week
    45

  • David J Brown

    JOURNEYMAN L

    Total calculated
    $137,196
    From this org
    $111,271
    From related orgs
    $0
    Other
    $25,925
    Hours/week
    44

  • Mike Gaunt

    PRESIDENT

    Total calculated
    $8,605
    From this org
    $8,605
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • William Hodges

    VICE PRESIDE

    Total calculated
    $7,795
    From this org
    $7,795
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Mildred Ann Gasperich

    SECRETARY

    Total calculated
    $4,859
    From this org
    $4,859
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Jack Lehto

    DIRECTOR

    Total calculated
    $4,603
    From this org
    $4,603
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Calvin Koski

    DIRECTOR

    Total calculated
    $4,550
    From this org
    $4,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Randy Myhren

    TREASURER

    Total calculated
    $4,525
    From this org
    $4,525
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Paul Koski

    DIRECTOR

    Total calculated
    $4,225
    From this org
    $4,225
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

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

  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

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
10 September 2026
IRS schema version
2025v4.0
Source object
202632539349301223

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