2026-04-27T14:57:53-04:00 2025-12-31 411562398 CARLSONSV LLP 505 HWY 169 N SUITE 100 PLYMOUTH MN 55441 990 2025-01-01 410281425 GOODHUE COUNTY COOPERATIVE ELECTRIC ASSOCIATION GOOD 5077325117 PO BOX 99 ZUMBROTA MN 55992 KELLY HOVEL GENERAL MANAGER 5077325117 2026-04-27 true MATT GUYER CPA P00386499 7635429633 2026-04-27 X 2025 2025-03-06 01:10:19Z KELLY HOVEL PO BOX 99 ZUMBROTA MN 55992 16162910 false X WWW.GCCEA.COM X 1937 MN TO BE THE PROVIDER OF CHOICE FOR RELIABLE, COMPETITIVELY PRICED ENERGY AND OTHER SERVICES THAT BENEFIT THE COOPERATIVE MEMBERS. 9 9 20 57690 0 13971887 16127860 42863 -187842 0 14014750 15940018 0 220476 1230063 286824 304165 0 0 13453202 14652018 13960502 16186246 54248 -246228 45187806 48372630 31078927 33338231 14108879 15034399 TO BE THE PROVIDER OF CHOICE FOR RELIABLE, COMPETITIVELY PRICED ENERGY AND OTHER SERVICES THAT BENEFIT THE COOPERATIVE MEMBERS. false false RURAL ELECTRIC COOPERATIVE PROVIDED ELECTRICAL POWER TO 5,282 RURAL MEMBERS DURING THE YEAR. false false false false false false false false false true false true false true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 20 0 20 true true true false false false false false false false false 15338341 238642 false false false X 9 9 false false false false true true true true true false false true true true true true true true true false X AMBER GESME 5077325117 1410 NORTHSTAR DRIVE ZUMBROTA MN 55992 TIMOTHY KROHN LINE SUPERIN 40.00 X 124915 0 110653 CHRISTOPHER OLSON FOREMAN 40.00 X 125102 0 84156 KELLY HOVEL GENERAL MANA 40.00 X 149242 0 52250 RYNE MCNAMARA LINEMAN 40.00 X 122289 0 50720 AMBER GESME FINANCE MANA 40.00 X 106193 0 54950 ALLEN JANTZEN FOREMAN 40.00 X 113937 0 44107 DONNELL BUCK DIRECTOR 5.00 X 5950 0 0 EDWARD BAUMAN DIRECTOR 5.00 X 5850 0 0 GENE BANG DIRECTOR 5.00 X 5550 0 0 PAUL HUNEKE TREASURER 5.00 X X 5550 0 0 GARY ESTERBY VICE PRESIDE 5.00 X X 5350 0 0 LARRY JENSEN DIRECTOR 5.00 X 5350 0 0 DARLA VIETHS DIRECTOR 5.00 X 5150 0 0 JIM DICKE SECRETARY 5.00 X X 5030 0 0 DAVID HERNKE PRESIDENT 5.00 X X 4950 0 0 790408 396836 6 false true false ARROW TREE WORKS LLC 43104 145TH AVE WAY ZUMBROTA MN 55992 CONTRACTOR 321871 1 ELECTRIC 221000 15002089 15002089 G&T CAPITAL CREDITS 221000 893415 893415 OTHER CAPITAL CREDITS 221000 99184 99184 OTHER 221000 71559 71559 COMMISSION REVENUES 541900 57690 57690 3923 3923 16127860 25050 25050 10000 222892 -212892 -212892 -212892 15940018 15853355 57690 28973 1230063 304165 941143 1648467 COST OF POWER 9254129 DISTRIBUTION - MAINTENANC 1021083 DISTRIBUTION - OPERATIONS 921904 ADMINISTRATIVE AND GENERA 750195 115097 16186246 0 0 0 963241 411462 2123474 2456806 507828 530288 668295 610014 53079933 17133616 33225280 35946317 7558463 8413543 141225 4200 45187806 48372630 2717049 3183981 28188678 29961967 173200 192283 31078927 33338231 X 14108879 15034399 14108879 15034399 45187806 48372630 X -246228 1171748 X false true X true false 43802 43802 937728 665148 272580 52098403 16468468 35629935 35946317 GREAT RIVER ENERGY 7486088 C NRUCFC CERTIFICATES 335681 C RESCO 194758 C COBANK 151706 C OTHER INVESTMENTS IN ASSOCIATED COMP 125532 C FEDERATED RURAL ELECTRIC INSURANCE E 119778 C 8413543 DEFERRED CREDITS 192283 192283 X 15831875 15831875 108143 108143 15940018 14848040 14848040 1338206 1338206 16186246 SCHEDULE D, PAGE 3, PART X GOODHUE COUNTY COOPERATIVE ELECTRIC ASSOCIATION HAS BEEN GRANTED TAX EXEMPT STATUS BY THE INTERNAL REVENUE SERVICE UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE AND THE STATE OF MINNESOTA, HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE COOPERATIVE'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE COOPERATIVE ACCOUNTS FOR INCOME TAX PROVISIONS FOLLOWING ASC TOPIC 740, INCOME TAXES, WHICH PRESCRIBES A COMPREHENSIVE MODEL FOR RECOGNIZING, MEASURING, PRESENTING, AND DISCLOSING IN THE FINANCIAL STATEMENTS ANY UNCERTAIN TAX POSITIONS THE COOPERATIVE HAS OR EXPECTS TO TAKE IN ITS INCOME TAX RETURNS. THE COOPERATIVE'S POLICY IS TO INCLUDE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS/LIABILITIES IN INCOME TAX EXPENSE. THE COOPERATIVE HAD NO UNRECOGNIZED TAX BENEFITS/LIABILITIES. THE COOPERATIVE'S TAX RETURNS ARE SUBJECT TO POSSIBLE EXAMINATION BY TAXING AUTHORITIES. WITH FEW EXCEPTIONS, THE TAX RETURNS ESSENTIALLY REMAIN OPEN FOR POSSIBLE EXAMINATION FOR A PERIOD OF THREE YEARS AFTER THE RESPECTIVE FILING DEADLINES OF THOSE RETURNS. SCHEDULE D, PAGE 4, PART XI, LINE 4B RECLASSIFIED NON OPERATING EXPENSES 108,143 SCHEDULE D, PAGE 4, PART XII, LINE 4B RECLASSIFIED NON OPERATING EXPENSES 108,143 CAPITAL CREDITS ALLOCABLE TO PATRONS 1,230,063 X false false false TIMOTHY KROHN LINE SUPERINTENDENT 124915 68719 41934 235568 CHRISTOPHER OLSON FOREMAN 125102 45821 38335 209258 KELLY HOVEL GENERAL MANAGER 149242 32793 19457 201492 RYNE MCNAMARA LINEMAN 122289 15752 34968 173009 AMBER GESME FINANCE MANAGER 106193 15387 39563 161143 ALLEN JANTZEN FOREMAN 113937 27773 16334 158044 FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION ONLY HAS ONE CLASS OF MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A THE ORGANIZATION HAS MEMBERS. ALL MEMBERS ARE THE SAME CLASS. FORM 990, PAGE 6, PART VI, LINE 7B A TRANSFER OF 25% OR MORE OF THE ORGANIZATIONS ASSETS MUST BE APPROVED BY A 2/3 VOTE OF THE TOTAL MEMBERSHIP. A MAJORITY VOTE BY THE MEMBERS PRESENT AT A MEMBERSHIP MEETING IS REQUIRED FOR PASSAGE OF BYLAW AMENDMENTS AND NEW BOARD MEMBER ELECTIONS. ALL MEMBERS HAVE THE SAME VOTING RIGHTS. FORM 990, PAGE 6, PART VI, LINE 11B THE GENERAL MANAGER AND FINANCE MANAGER WILL REVIEW THE RETURN. AFTER THEIR REVIEW, THE FORM 990 WILL BE PROVIDED TO THE BOARD OF DIRECTORS AND DISCUSSED AT THE FOLLOWING BOARD MEETING. AFTER THE BOARD MEETING, IT WILL BE FILED WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE BOARD THROUGH A VERBAL PROCESS. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS AND DOCUMENTED IN THE BOARD MINUTES. COMPARISONS OF AREA AND SIMILAR SIZE COOPERATIVES ARE USED IN DETERMINING COMPENSATION PACKAGES. FORM 990, PAGE 6, PART VI, LINE 15B COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS AND DOCUMENTED IN THE BOARD MINUTES. COMPARISONS OF AREA AND SIMILAR SIZE COOPERATIVES ARE USED IN DETERMINING COMPENSATION PACKAGES. FORM 990, PAGE 6, PART VI, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 CAPITAL CREDITS ALLOCABLE 1,230,063 RETIREMENTS OF CAPITAL CREDITS -58,315 TOTAL 1,171,748