2026-06-01T14:44:48-05:00 2025-12-31 450250958 EIDE BAILLY LLP 18081 BURT ST STE 200 OMAHA NE 680224722 990 2025-01-01 411955109 CENTRAL ELECTRIC COOPERATIVE INC CENT 6059967516 PO BOX 850 MITCHELL SD 57301 KEN SCHLIMGEN GENERAL MANAGER 6059967516 2026-06-01 1 MEGAN L KOZIOL CPA P01544037 4023302660 2026-06-01 2025 2025-03-06 01:10:19Z KEN SCHLIMGEN PO BOX 850 MITCHELL SD 57301 44474909 0 X WWW.CENTRALEC.COOP X 2000 SD PROVIDING RELIABLE ENERGY AND SERVICES AT A GOOD VALUE. 9 9 45 0 28042 8212 0 0 39739717 42002413 187888 293881 11513 132058 39939118 42428352 25899 29145 3024501 3699004 6086210 6367543 0 0 0 30346653 32332660 39483263 42428352 455855 0 126603063 136401774 74837420 82301401 51765643 54100373 PROVIDING ENERGY AND SERVICES WITH A COMMITMENT TO SAFETY AND MEMBER SATISFACTION. 0 0 PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 5000 COOPERATIVE MEMBERS. BUILT 82 NEW SERVICES AND RETIRED 28 SERVICES WITHIN OUR 4,527 MILES OF LINE. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 245 0 1 45 1 1 1 0 0 0 0 44055314 1848941 0 0 0 X 9 9 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 X X DEAN UHER 6059967516 25487 403RD AVE PO BOX 850 MITCHELL SD 57301 X MERLIN BECHEN DIRECTOR 7.00 X 20366 0 0 JEFF GUSTAFSON VICE PRESIDENT 9.00 X X 15566 0 0 ROBERT BANKS DIRECTOR 4.00 X 15266 0 0 MARK HOFER SECRETARY 7.00 X X 14966 0 0 BRADEE PAZOUR TREASURER 8.00 X X 14666 0 0 DONITA LOUDNER DIRECTOR 5.00 X 14366 0 0 DUANE WOLBRINK PRESIDENT 7.00 X X 14066 0 0 TODD VANWALLEGHEN VICE PRESIDENT THRU 9/2025 10.00 X X 11637 0 0 MARK REINDL DIRECTOR 2.00 X 11366 0 0 JEREMY WHITE DIRECTOR 7.00 X 4655 0 0 KEN SCHLIMGEN GENERAL MANAGER 40.00 X 215981 0 9598 DEAN UHER MANAGER OF FINANCE & ADMINISTRATION 43.00 X 136887 0 79050 BRIAN BULTJE MANAGER OF OPERATIONS 42.00 X 171971 0 10478 DUSTIN ROSKENS LINE SUPERINTENDENT 40.00 X 140009 0 84977 PATRICK SOUKUP MANAGER OF MEMBER SERVICES 40.00 X 138360 0 34916 EUGENE GAIKOWSKI AREA FOREMAN 42.00 X 138359 0 17821 LINCOLN FEISTNER SALES & PROJECT MANAGER 40.00 X 137505 0 40760 NORTON TRUMAN JOURNEYMAN LINEMAN 43.00 X 131921 0 30021 1347913 0 307621 34 0 1 0 PUETZ CONSTRUCTION PO BOX 968 MITCHELL SD 57301 CONSTRUCTION OF NEW WAREHOUSE 1543331 DAVE'S CONSTRUCTION 5104 N HARVESTORE RD SIOUX FALLS SD 57107 CONSTRUCTION SERVICES 430949 LARSON DIGGING 601 LINCOLN AVE NW HURON SD 57350 CONSTRUCTION SERVICES 400510 SBS INSPECTIONS 404 NORTH 4TH ST OLATHE CO 81425 POLE INSPECTIONS & TREATMENT 138968 STAR ENGINEERING 6841 POWER LANE SW ALEXANDRIA MN 56308 ENGINEERING SERVICES 128058 5 SALE OF POWER 221000 40039793 40039793 CAPITAL CREDITS 221000 1962620 1962620 42002413 290881 290881 751 0 751 751 751 7000 4000 3000 3000 3000 2173864 2042557 131307 103265 28042 42428352 42105678 28042 294632 X 29145 3699004 753685 4438667 794328 380863 2444121 3076894 UNRELATED BUSINESS INCO 2 COST OF POWER 25282015 DISTRIBUTION - MAINTENA 2496505 DISTRIBUTION - OPERATIO 1530877 -2497754 42428352 3999911 3843811 3589370 4475929 533296 1433288 7324695 6632412 1796096 1592841 124179229 32233884 84020913 91945345 78114 42682 25254068 26428866 6600 6600 126603063 136401774 4096904 4711637 70069789 76885330 670727 704434 74837420 82301401 X 0 0 0 0 51765643 54100373 51765643 54100373 126603063 136401774 X 0 2334730 X X 0 1 X 1 0 225004 225004 8935029 3540030 5394999 112217628 28693854 83523774 2801568 2801568 91945345 EAST RIVER ELECTRIC POWER COOPERATIVE, INC. 24391518 C COBANK 328070 C FEDERATED RURAL ELECTRIC INSURANCE CORPORATION 271479 C NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION 758860 C RURAL ELECTRIC ECONOMIC DEVELOPMENT, INC. 80128 C NATIONAL RURAL TELECOMMUNICATIONS COOPERATIVE 338816 C OTHER MEMBERSHIPS AND ALLOCATIONS 259995 C 26428866 DEFERRED CREDITS 684891 POSTRETIREMENT BENEFITS 19543 704434 X 42428352 0 42428352 0 42428352 38729348 0 38729348 3699004 3699004 42428352 PART X, LINE 2: THE COOPERATIVE BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE COOPERATIVE WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO THE UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XII, LINE 4B - OTHER ADJUSTMENTS: CAPITAL CREDITS ALLOCATED IN 2026 FOR 2025 3,699,004. X X 0 0 0 KEN SCHLIMGEN GENERAL MANAGER 215981 0 0 0 0 0 7674 0 4417 0 228072 0 0 0 DUSTIN ROSKENS LINE SUPERINTENDENT 140009 0 0 0 0 0 81438 0 5308 0 226755 0 0 0 DEAN UHER MANAGER OF FINANCE & ADMINISTRATION 136887 0 0 0 0 0 39341 0 41819 0 218047 0 0 0 BRIAN BULTJE MANAGER OF OPERATIONS 171971 0 0 0 0 0 6572 0 6016 0 184559 0 0 0 LINCOLN FEISTNER SALES & PROJECT MANAGER 137505 0 0 0 0 0 39128 0 3345 0 179978 0 0 0 PATRICK SOUKUP MANAGER OF MEMBER SERVICES 138360 0 0 0 0 0 30912 0 5752 0 175024 0 0 0 NORTON TRUMAN JOURNEYMAN LINEMAN 131921 0 0 0 0 0 30021 0 1524 0 163466 0 0 0 EUGENE GAIKOWSKI AREA FOREMAN 138359 0 0 0 0 0 17821 0 1624 0 157804 0 0 0 SCHEDULE J, PART II, COLUMN C PER THE INSTRUCTIONS, THE AMOUNT REPORTED ON SCHEDULE J, PART II, COLUMN C INCLUDES THE CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN, NOT THE AMOUNT PAID BY THE COOPERATIVE. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE CLASS OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE BOARD OF DIRECTORS BY DISTRICT. FORM 990, PART VI, SECTION A, LINE 7B MEMBER APPROVAL IS REQUIRED FOR BYLAW CHANGES OR THE SALE OF 10% OR MORE OF THE COOPERATIVE'S PROPERTY. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED WITH THE FULL GOVERNING BOARD AT A BOARD OF DIRECTORS MEETING PRIOR TO FILING THE 990. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS AND EMPLOYEES OF THE COOPERATIVE ARE COVERED BY THE CONFLICT OF INTEREST POLICY. THE OFFICERS AND DIRECTORS ANNUALLY DISCLOSE THE INTERESTS THAT COULD RESULT IN CONFLICTS. ANY KNOWN CONFLICTS ARE REVIEWED AT A BOARD OF DIRECTORS MEETING. THE GENERAL MANAGER AND BOARD PRESIDENT SHALL ENSURE THE ENFORCEMENT OF THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION FOR THE GENERAL MANAGER INCLUDES REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS AND USE OF COMPARABILITY DATA. ALL OTHER EMPLOYEES, INCLUDING THE MANAGER OF FINANCE AND ADMINISTRATION, GO THROUGH AN ANNUAL PERFORMANCE REVIEW. THE GENERAL MANAGER REVIEWS AND APPROVES COMPENSATION FOR ALL EMPLOYEES. THE OVERALL WAGE AND SALARY PLAN IS APPROVED BY THE BOARD. A WAGE AND SALARY STUDY IS CONDUCTED EVERY 2-3 YEARS TO COMPARE AND BENCHMARK WAGES USING INDUSTRY, STATE, AND REGIONAL DATA. THE LATEST STUDY WAS CONDUCTED IN MAY 2024. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE PROVIDED TO THE COOPERATIVE'S MEMBERS VIA A NEW MEMBER PACKET OR IN THE ANNUAL REPORT. FORM 990, PART VII, COLUMN (F): PER THE INSTRUCTIONS TO FORM 990, THE AMOUNT REPORTED IN PART VII COLUMN (F) INCLUDES THE CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN, NOT THE AMOUNT PAID BY THE COOPERATIVE. FORM 990, PART IX, LINE 24E, STATEMENT OF FUNCTIONAL EXPENSES: THE LABOR, PENSION AND PAYROLL TAXES REPORTED ON LINES 5-10 ARE INCLUDED IN DISTRIBUTION EXPENSE, ADMINISTRATIVE & GENERAL EXPENSE AND CUSTOMER EXPENSE. THEREFORE, LABOR, PENSION AND PAYROLL TAXES ARE SHOWN AS A REDUCTION TO OTHER EXPENSES ON LINE 24E. FORM 990, PART IX, LINE 4: THE COOPERATIVE HAS INTERPRETED THE INSTRUCTIONS TO PART IX, LINE 4, TO MEAN PATRONAGE CAPITAL ALLOCATED FOR THE YEAR, RATHER THAN PATRONAGE CAPITAL RETIRED. THIS IS CONSISTENT WITH THE BYLAWS OF THE COOPERATIVE. FORM 990, PART XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -1,364,274. CAPITAL CREDITS ALLOCATED 3,699,004. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF THE ORGANIZATIONS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.