2026-05-13T15:49:08-05:00 2025-12-31 810446334 DOUGLAS WILSON & COMPANY PC 1000 FIRST AVENUE SOUTH GREAT FALLS MT 59401 990 2025-01-01 810218128 MARIAS RIVER ELECTRIC COOPERATIVE INC MARI 4064345575 PO BOX 729 SHELBY MT 59474 MERLE RAPH PRESIDENT 4064345575 2026-05-08 1 MELISSA H SOLDANO P01259603 4067614645 2025 2025-03-06 01:10:19Z MERLE RAPH PO BOX 729 SHELBY MT 59474 8739360 0 X WWW.MARIASRIVEREC.COM X 1945 MT PROVIDE ELECTRICAL POWER TO RURAL NORTHERN MONTANA 9 9 23 0 0 0 0 0 7675080 8160111 34034 29342 683024 549907 8392138 8739360 0 0 1147022 967533 374050 423010 0 0 0 6871066 7348817 8392138 8739360 0 0 21967316 22203575 10107479 9696091 11859837 12507484 PROVIDE ELECTRICAL POWER TO RURAL NORTHERN MONTANA 0 0 7393177 8710018 PROVIDE ELECTRIC POWER SERVICE TO COOPERATIVE MEMBERS IN NORTHERN RURAL MONTANA 7393177 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 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 44 0 1 23 1 0 0 0 0 0 0 0 8160111 579249 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X SHANE CLARK 4064345575 PO BOX 729 SHELBY MT 59474 MERLE RAPH PRESIDENT 3.43 X X 10239 0 0 ADRIAN HAWKS VICE PRESIDENT 0.88 X X 3746 0 0 JOE SISK SECRETARY/TREASURER 1.90 X X 7670 0 0 MEL FRETHEIM TRUSTEE 1.85 X 6406 0 0 TERRY PETERS TRUSTEE 1.30 X 5245 0 0 DAN GLIKO TRUSTEE 0.90 X 3359 0 0 SHANNON DUNK TRUSTEE 1.13 X 4303 0 0 SHANNON MCALLISTER TRUSTEE 0.90 X 3608 0 0 RENAE MANLEY TRUSTEE 1.63 X 5132 0 0 SHANE CLARK MANAGER 40.00 X 154214 0 78063 RYAN AUSTIN OPERATIONS SUPERINTENDENT 40.00 X 128572 0 70581 JUSTIN NELSON FOREMAN 40.00 X 127746 0 40848 CORY LAMB MAPPING TECH/JOURNEYMAN 40.00 X 114372 0 39015 DEREK DOANE JOURNEYMAN LINEMAN 40.00 X 112419 0 38650 ALEX HELGESON JOURNEYMAN LINEMAN 40.00 X 118001 0 38424 805032 0 305581 9 0 1 0 0 ELECTRICAL SERVICE CHA 221000 8160111 8160111 8160111 29342 29342 CAPITAL CREDITS 221000 501833 501833 OTHER NONOPERATING INC 221000 48074 48074 549907 8739360 8710018 0 29342 967533 967533 281985 281985 131857 131857 9168 9168 52793 52793 25572 25572 29584 29584 347479 347479 787230 787230 56660 56660 COST OF POWER 3668849 3668849 DISTRIBUTION - OPERATIO 624160 624160 DISTRIBUTION - MAINTENA 588667 588667 TAXES 341676 341676 826147 415062 411085 8739360 7393177 1346183 0 193622 280188 10258 354826 1011565 1140170 808229 618476 31452 46270 28803913 12842554 15448157 15961359 4464033 3802286 21967316 22203575 418999 441303 8756445 8316217 932035 938571 10107479 9696091 X 0 0 4755242 4840851 7104595 7666633 11859837 12507484 21967316 22203575 X 0 647647 X 0 1 X 1 0 84224 84224 28719689 12842554 15877135 15961359 CONSTRUCTION WORK IN PROGRESS -221570 INTEREST RECEIVABLE 3582 INVESTMENT IN ASSOCIATED ORGANIZATIONS 3737078 CAPITAL TERM CERTIFICATES 283196 3802286 ACCRUED EXPENSES 6640 ACCRUED PAYROLL 232148 CAPITAL CREDIT PAYABLE 99013 CONSUMER ENERGY PREPAYMENTS 229814 CONSUMERS DEPOSITS 112518 EDUCATION FUND PAYABLE 46982 INTEREST ACCRUED 40468 TAXES ACCRUED 170988 938571 8739360 0 8739360 0 8739360 7771827 0 7771827 967533 967533 8739360 PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF MARGINS 967,533. X X X 0 0 0 SHANE CLARK MANAGER 154214 0 0 0 0 0 39737 0 38326 0 232277 0 0 0 RYAN AUSTIN OPERATIONS SUPERINTENDENT 128572 0 0 0 0 0 32547 0 38034 0 199153 0 0 0 JUSTIN NELSON FOREMAN 127746 0 0 0 0 0 22349 0 18499 0 168594 0 0 0 ALEX HELGESON JOURNEYMAN LINEMAN 118001 0 0 0 0 0 20041 0 18383 0 156425 0 0 0 CORY LAMB MAPPING TECH/JOURNEYMAN 114372 0 0 0 0 0 20601 0 18414 0 153387 0 0 0 DEREK DOANE JOURNEYMAN LINEMAN 112419 0 0 0 0 0 20258 0 18392 0 151069 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MARIAS RIVER ELECTRIC COOPERATIVE IS A MEMBERSHIP ORGANIZATION WHOSE MEMBERS HAVE THE RIGHT TO ELECT THE BOARD OF DIRECTORS AND RECEIVE CAPITAL CREDITS FROM THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A A COMMITTEE NOMINATES MEMBERS FOR EACH SEAT ON THE BOARD OF DIRECTORS. AT THE ANNUAL MEETING, A VOTE OF THE ENTIRE MEMEBERSHIP IS TAKEN TO APPROVE OR AMEND THE NOMINATIONS. FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO ORGANIZATIONAL BY-LAWS AND SELLING A SUBSTANTIAL PORTION OF PROPERTY REQUIRES MEMBER APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE ORGANIZATION'S INDEPENDENT CPA, REVIEWED BY MANAGEMENT FOR ANY CORRECTIONS AND PROVIDED TO THE BOARD FOR THEIR REVIEW AND QUESTIONS. AFTER THE BOARD REVIEWS, ALL BOARD MEMBERS ARE POLLED FOR THEIR APPROVAL OF THE FORM 990. THE MOTION TO APPROVE WAS PASSED WITHOUT OBJECTION. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE AND ENFORCEMENT. THE BOARD INTERPRETS AND ENFORCES THIS POLICY. THE MINUTES OF ALL BOARD MEETINGS SHOULD RECORD ALL DISCLOSURES, VOTES, AUTHORIZATIONS, AND OTHER ACTIONS TAKEN UNDER THIS POLICY. EACH OFFICIAL MUST ANNUALLY COMPLETE AND SIGN THE CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM ATTACHED TO THIS POLICY AND DELIVER THE COMPLETED AND SIGNED FORM TO PRESIDENT OR MANAGER. IF AN OFFICIAL DISCOVERS ANY INFORMATION OR FACT THAT COULD IMPACT ANOTHER OFFICIAL'S COMPLIANCE WITH THIS POLICY, THEN THE OFFICIAL MUST DISCLOSE THE INFORMATION OR FACT TO PRESIDENT OR MANAGER IMMEDIATELY. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 IS PRESENTED TO THE BOARD FOR THE PRESIDENT'S SIGNATURE. FORM 990, PART XI, LINE 9: ALLOCATION OF MARGINS 967,533. CHANGE IN OTHER EQUITIES 81,058. RETIREMENT OF CAPITAL CREDITS -324,437. NET CHANGE TO ASSOC ORG CAPITAL CREDITS -76,507.