2026-06-05T16:00:35-05:00 2025-12-31 450250958 EIDE BAILLY LLP 345 N REID PL STE 400 SIOUX FALLS SD 571037034 990 2025-01-01 460200495 UNION COUNTY ELECTRIC COOPERATIVE INC UNIO 6053563395 32708 477TH AVE ELK POINT SD 57025 DON SCHURDEVIN PRESIDENT 6053563395 2026-06-01 1 LAURIE HANSON CPA P00851848 6053391999 2026-05-18 2025 2025-03-06 01:10:19Z DON SCHURDEVIN 32708 477TH AVE ELK POINT SD 57025 5326937 0 X WWW.UNIONCOUNTY.COOP X 1937 SD PROVIDING HIGH VALUE ENERGY TO MEMBERS - ELECTRIC DISTRIBUTION UTILITY. 5 5 13 0 18987 18443 0 0 4794264 5041793 40672 17710 -22820 -8898 4812116 5050605 15690 1900 0 0 1151848 1192892 0 0 0 3611656 3765031 4779194 4959823 32922 90782 20453740 21824827 14719203 16022583 5734537 5802244 UNION COUNTY ELECTRIC COOPERATIVE EXISTS TO PROVIDE HIGH VALUE ENERGY TO OUR MEMBERS BY FOCUSING ON DELIVERING SAFE, RELIABLE, ENVIRONMENTALLY FRIENDLY ELECTRICITY WHILE PROMOTING ENERGY EFFICIENCY THROUGH EDUCATION. 0 0 PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 1,211 MEMBERS AND INCREASED MILES OF LINE BY 20 MILES. 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 14 0 1 13 1 1 1 0 0 0 0 5039340 295350 0 0 0 X 5 5 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 0 1 1 0 0 X AMANDA ADAMS 6053563395 32708 477TH AVE ELK POINT SD 57025 X DON SCHURDEVIN PRESIDENT 5.00 X X 4075 0 0 WILLIAM DAILEY VICE PRESIDENT 2.00 X X 4825 0 0 EDWARD DONNELLY SECRETARY 2.00 X X 4325 0 0 PAUL PEACOCK TREASURER 2.00 X X 4575 0 0 DOYLE KARPEN DIRECTOR 3.00 X 4325 0 0 MATT KLEIN GENERAL MANAGER 45.00 X 162900 0 56441 KORY FRANK OPERATIONS MANAGER 40.00 X 109987 0 46201 295012 0 102642 2 0 0 0 DAVE'S CONSTRUCTION 5104 N HARVERSTORE RD SIOUX FALLS SD 57107 INSTALLING URD WIRE 474397 1 SALE OF POWER 221000 4748132 4748132 CAPITAL CREDITS 221000 293661 293661 5041793 17710 17710 267434 276332 -8898 -27885 18987 5050605 5013908 18987 17710 1900 254548 732747 136783 68814 510457 583779 COST OF POWER 2386553 ADMIN & GENERAL 740743 DISTRIBUTION-OPERATIONS 259595 DISTRIBUTION-MAINTENANC 161191 -877287 4959823 121578 294914 570365 500333 91568 72304 1295452 917233 122274 123390 22125366 5365293 15244625 16760073 3007878 3156580 20453740 21824827 472795 754654 13171648 14928661 970000 69144 104760 270124 14719203 16022583 X 0 0 0 0 5734537 5802244 5734537 5802244 20453740 21824827 X 90782 -23075 X 0 1 X 1 0 88036 88036 3341286 188704 3152582 18546672 5176589 13370083 149372 149372 16760073 EAST RIVER ELECTRIC POWER COOPERATIVE, INC. 2791192 C NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION 183069 C FEDERATED RURAL ELECTRIC INSURANCE EXCHANGE 50343 C RURAL ELECTRIC ECONOMIC DEVELOPMENT, INC. 19000 C MEMBERSHIPS 2725 C RURAL ELECTRIC SUPPLY COOPERATIVE 109294 C CO BANK 957 C 3156580 CUSTOMER DEPOSITS 270124 270124 X 5048705 -1900 -1900 5050605 0 5050605 4957923 0 4957923 1900 1900 4959823 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 UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: DONATIONS GIVEN INCLUDED AS REVENUE ON FINANCIAL STATEMENTS -1,900. PART XII, LINE 4B - OTHER ADJUSTMENTS: DONATIONS GIVEN INCLUDED AS EXPENSE ON 990 1,900. X X 0 0 0 MATT KLEIN GENERAL MANAGER 162189 0 711 0 0 0 29436 0 29306 0 221642 0 0 0 KORY FRANK OPERATIONS MANAGER 109276 0 711 0 0 0 17296 0 30481 0 157764 0 0 0 SCHEDULE J, PART II, COLUMN C PER THE INSTRUCTIONS, COLUMN C INCLUDES THE CHANGE IN ACTUARIAL VALUE IN THE DEFINED BENEFIT PLAN FOR PERSONS LISTED IN SCHEDULE J, PART II. ACTUAL EXPENSE OF THE PLAN MAY BE SIGNIFICANTLY DIFFERENT FROM THE CHANGE IN ACTUARIAL VALUE. DETAILS RELEVANT TO THE DEFINED BENEFIT PLAN ARE AS FOLLOWS: MATT KLEIN - ACTUAL EXPENSE $35,392; CHANGE IN ACTUARIAL VALUE $24,611. KORY FRANK - ACTUAL EXPENSE $23,055; CHANGE IN ACTUARIAL VALUE $14,142. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS ARE ALL OF THE SAME CLASS. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER IS OF THE SAME CLASS AND HAS ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7B THE COOPERATIVE MAY NOT SELL, LEASE, OR OTHERWISE DISPOSE OF ALL OR A SUBSTANTIAL PORTION OF ITS PROPERTY, UNLESS SUCH SALE, LEASE OR OTHER DISPOSAL IS AUTHORIZED BY THE AFFIRMATIVE VOTE OF NOT LESS THAN A MAJORITY OF ALL MEMBERS OF THE COOPERATIVE. ALONG WITH THAT, AMENDMENTS TO THE BYLAWS OF THE COOPERATIVE MUST BE APPROVED BY THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS NO COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE GENERAL MANAGER AND BOARD OF DIRECTORS WILL REVIEW THE FORM 990 AT A REGULARLY SCHEDULED BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES AND DIRECTORS ARE COVERED BY THE CONFLICT OF INTEREST POLICY. THE PROCESS IS LEFT UP TO THE DIRECTORS & MANAGER TO MONITOR. ANY CONFLICTS WOULD BE REVIEWED. TERMINATION OR EXPULSION WOULD BE IMPOSED ON A DIRECTOR AND TERMINATION ON AN EMPLOYEE. FORM 990, PART VI, SECTION B, LINE 15A WAGES WERE COMPARED TO OTHER COOPERATIVES OF SIMILAR SIZE USING THE WAGE AND SALARY REPORT PREPARED BY SOUTH DAKOTA RURAL ELECTRIC ASSOCIATION (SDREA). THIS PROCESS IS DONE ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THIS INFORMATION IS PROVIDED TO MEMBERS IN THE ANNUAL REPORT. AT OTHER TIMES, THIS INFORMATION IS AVAILABLE UPON REQUEST TO BOTH THE MEMBERS AND THE PUBLIC. FORM 990, PART VII, COLUMN F, OTHER COMPENSATION: INCLUDED IN OTHER COMPENSATION IS THE ESTIMATED CURRENT YEAR INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN. THE CURRENT YEAR INCREASE OR DECREASE DOES NOT REPRESENT CURRENT YEAR CONTRIBUTIONS TO THE PLAN. RATHER, IT IS AN ESTIMATE OF THE INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE PLAN AS CALCULATED BY THE PLAN ADMINISTRATOR. SEE SCHEDULE J FOR ADDITIONAL INFORMATION. FORM 990, PART VII, SECTION A MATT KLEIN, THE GENERAL MANAGER, ALSO ACTS AS THE TOP FINANCIAL OFFICER OF THE COOPERATIVE. FORM 990, PART XI, LINE 9: CHANGE IN MEMBERSHIPS -20. RETIREMENT OF CAPITAL CREDITS -23,055. FORM 990, PART IX, LINE 24E STATEMENT OF FUNCTIONAL EXPENSES: ALLOCATED AND OTHER EXPENSE: 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, BENEFITS PAID TO OR FOR MEMBERS: 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 BY-LAWS OF THE COOPERATIVE.