Nonprofit · EIN 39-0677390
VERNON ELECTRIC COOPERATIVE
Tax-exempt · WESTBY, WI 54667
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $25,221,516 | $24,854,869 | $366,647 | $74,963,130 | $36,182,827 | $38,780,303 |
| December 31, 2024 | 990 | $24,066,862 | $23,551,202 | $515,660 | $73,710,894 | $35,950,113 | $37,760,781 |
| December 31, 2023 | 990 | $23,434,167 | $22,966,218 | $467,949 | $73,064,561 | $36,585,146 | $36,479,415 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $24,932,779
- Investment income
- $104,202
- Net rental income
- $5,080
- Net gain from sales of assets
- $28,712
- Net income from sales of inventory
- $23,137
- Other revenue
- $184,535
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $1,432,592
- Compensation of officers, directors and key employees
- $489,464
- Salaries, compensation and benefits (total)
- $489,464
- Professional fundraising fees
- $0
- Depreciation
- $2,737,225
Balance sheet and other
- Total assets, start of year
- $73,710,894
- Total assets, end of year
- $74,963,130
- Total liabilities, end of year
- $36,182,827
- Net assets, end of year
- $38,780,303
- Land, buildings and equipment
- $56,905,674
- Gross receipts
- $25,407,786
- Employees
- 33
- Year formed
- 1936
- State of legal domicile
- WI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CRAIG BUROS | CEO/GENERAL Officer | 54 | $260,539 | $131,300 |
| KARLA YANSKE | DIRECTOR OF Highest-paid employee | 54 | $120,583 | $105,490 |
| MARK SEE | LINE SUPERIN Highest-paid employee | 50 | $129,410 | $91,485 |
| JASON JOHNSON | LINEMAN Highest-paid employee | 46 | $120,219 | $60,769 |
| KENNETH KARWOSKI | FOREMAN Highest-paid employee | 43 | $115,283 | $63,034 |
| TYLER HALVERSON | LINEMAN Highest-paid employee | 43 | $116,268 | $13,514 |
| BERNADINE HORNBY | PRESIDENT Trustee or director | 9 | $13,575 | $0 |
| DANIEL KORN | DIRECTOR Trustee or director | 7 | $11,100 | $0 |
| JOHN YOUNG | DIRECTOR Trustee or director | 5 | $10,725 | $0 |
| RICHARD NEMEC | TREASURER Trustee or director | 5 | $10,425 | $0 |
| ORLAN BAKKUM | VICE PRESIDE Trustee or director | 5 | $10,125 | $0 |
| MICHAEL PAULSRUD | DIRECTOR Trustee or director | 5 | $9,675 | $0 |
| DANIEL GIESE | DIRECTOR Trustee or director | 5 | $9,600 | $0 |
| JAMES GOODMAN | DIRECTOR Trustee or director | 4 | $9,600 | $0 |
| JERRY KRAMER | DIRECTOR Trustee or director | 4 | $8,850 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID DREGNE | SECRETARY (- Trustee or director | 1 | $3,950 |
990 for the year ended December 31, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CRAIG BUROS | CEO/GENERAL Officer | 49 | $220,575 | $132,035 |
| KARLA YANSKE | DIRECTOR OF Highest-paid employee | 44 | $123,112 | $88,775 |
| MARK SEE | LINE SUPERIN Highest-paid employee | 45 | $126,782 | $76,549 |
| JASON JOHNSON | LINEMAN Highest-paid employee | 44 | $118,170 | $50,456 |
| MATT HIRSCHFIELD | LINEMAN Highest-paid employee | 43 | $113,792 | $36,791 |
| TYLER HALVERSON | LINEMAN Highest-paid employee | 43 | $117,212 | $10,373 |
| BERNADINE HORNBY | PRESIDENT Trustee or director | 8 | $12,900 | $0 |
| RICHARD NEMEC | TREASURER Trustee or director | 6 | $10,825 | $0 |
| DANIEL KORN | DIRECTOR Trustee or director | 6 | $10,275 | $0 |
| MICHAEL PAULSRUD | DIRECTOR Trustee or director | 5 | $9,825 | $0 |
| ORLAN BAKKUM | VICE PRESIDE Trustee or director | 5 | $9,675 | $0 |
| DANIEL GIESE | DIRECTOR Trustee or director | 4 | $9,300 | $0 |
| JAMES GOODMAN | DIRECTOR Trustee or director | 4 | $9,075 | $0 |
| DAVID DREGNE | SECRETARY Trustee or director | 2 | $9,000 | $0 |
| JERRY KRAMER | DIRECTOR Trustee or director | 4 | $8,700 | $0 |
| OLE YTTRI | DIRECTOR (JA Trustee or director | 1 | $3,500 | $0 |
| JOHN YOUNG | DIRECTOR (JU Trustee or director | 1 | $2,475 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CRAIG BUROS | CEO/GENERAL Officer | 50 | $212,423 | $127,256 |
| MARK SEE | LINE SUPERIN Highest-paid employee | 47 | $120,265 | $75,618 |
| KARLA YANSKE | DIRECTOR OF Highest-paid employee | 43 | $115,946 | $71,288 |
| DAN FLOCK | LINEMAN Highest-paid employee | 44 | $110,018 | $47,426 |
| JASON JOHNSON | LINEMAN Highest-paid employee | 44 | $109,794 | $47,007 |
| TYLER HALVERSON | LINEMAN Highest-paid employee | 42 | $107,146 | $10,753 |
| BERNADINE HORNBY | PRESIDENT Trustee or director | 9 | $13,425 | $0 |
| DAVID DREGNE | SECRETARY Trustee or director | 4 | $10,200 | $0 |
| RICHARD NEMEC | TREASURER Trustee or director | 5 | $10,125 | $0 |
| DANIEL KORN | DIRECTOR Trustee or director | 6 | $9,975 | $0 |
| ORLAN BAKKUM | VICE PRESIDE Trustee or director | 5 | $9,675 | $0 |
| MICHAEL PAULSRUD | DIRECTOR Trustee or director | 5 | $9,600 | $0 |
| DANIEL GIESE | DIRECTOR Trustee or director | 5 | $9,150 | $0 |
| JAMES GOODMAN | DIRECTOR Trustee or director | 4 | $8,700 | $0 |
| JERRY KRAMER | DIRECTOR Trustee or director | 4 | $8,700 | $0 |
| OLE YTTRI | DIRECTOR (MA Trustee or director | 3 | $7,225 | $0 |
| SAMANTHA LASKOWSKI | DIRECTOR (JA Trustee or director | 2 | $2,000 | $0 |
Address and contacts
- Address (IRS master file)
- 110 SAUGSTAD RD, WESTBY, WI 54667-8426
- Principal officer (990 for 2025)
- CRAIG BUROS, 110 SAUGSTAD ROAD, WESTBY, WI 546678426
- Signed the 990
- CRAIG BUROS, CEO/GENERAL MANAGER
- Phone
- (608) 634-3121
- Return prepared by
- BAUMAN ASSOCIATES LTD
Mission
TO PROVIDE ELECTRIC ENERGY TO THE COOPERATIVE'S MEMBERS.
Program accomplishments
- TO PROVIDE ELECTRIC ENERGY TO THE COOPERATIVE'S MEMBERS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 39-0677390
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1941
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $74,963,130
- Income (IRS master file)
- $25,407,786
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $25,221,516 | $24,854,869 | $74,963,130 | XML |
| 990 | December 2024 | $24,066,862 | $23,551,202 | $73,710,894 | IRS |
| 990 | December 2023 | $23,434,167 | $22,966,218 | $73,064,561 | XML |
| 990 | December 2022 | $23,569,075 | $23,142,418 | $73,168,064 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 39-0677390).
Questions about VERNON ELECTRIC COOPERATIVE
- What is the EIN of VERNON ELECTRIC COOPERATIVE?
- The employer identification number (EIN) of VERNON ELECTRIC COOPERATIVE is 39-0677390.
- Is VERNON ELECTRIC COOPERATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1941.
- Are donations to VERNON ELECTRIC COOPERATIVE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VERNON ELECTRIC COOPERATIVE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VERNON ELECTRIC COOPERATIVE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VERNON ELECTRIC COOPERATIVE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of VERNON ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2025 names CRAIG BUROS.
- Who are the officers and directors of VERNON ELECTRIC COOPERATIVE?
- The 990 for the year ended December 31, 2025 lists 16 people; 16 received compensation from the organization, the highest $260,539 (CRAIG BUROS, CEO/GENERAL).
- How much revenue does VERNON ELECTRIC COOPERATIVE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $25,221,516, expenses of $24,854,869 and total assets of $74,963,130 at year end.
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