2026-06-08T14:53:22-05:00 2025-12-31 450250958 EIDE BAILLY LLP 345 N REID PL STE 400 SIOUX FALLS SD 571037034 990 2025-01-01 460252750 CHERRY TODD ELECTRIC COOPERATIVE INC CHER 6058564416 PO BOX 169 MISSION SD 57555 TIMONTY W GRABLANDER GENERAL MANAGER 6058564416 2026-06-01 1 LAURIE HANSON CPA P00851848 6053391999 2026-06-01 2025 2025-03-06 01:10:19Z TIMONTY W GRABLANDER PO BOX 169 MISSION SD 57555 17460237 0 X WWW.CHERRY-TODD.COM X 1948 SD TO SELL AND DISTRIBUTE ELECTRICITY TO MEMBERS IN A SAFE, RELIABLE, COST EFFECTIVE MANNER. 8 8 23 0 0 0 0 0 16195498 17037434 381518 392877 1787 -36056 16578803 17394255 0 0 1045721 583379 919315 949041 0 0 0 14613767 15861835 16578803 17394255 0 0 55550836 58728388 36754703 40160503 18796133 18567885 THE PURPOSE IS TO DISTRIBUTE ELECTRICITY TO MEMBERS IN A SAFE, RELIABLE, COST EFFECTIVE MANNER. 0 0 CHERRY-TODD ELECTRIC COOPERATIVE, INC. IS A MEMBER OWNED COOPERATIVE. THE PURPOSE IS TO SELL AND DISTRIBUTE ELECTRICITY TO ITS MEMBERS. ANY MARGINS WILL BE RETURNED TO THE MEMBERS AT A TIME DETERMINED BY THE BOARD OF DIRECTORS. DURING 2025, APPROXIMATELY 3,496 MEMBERS WERE SERVED OVER 2,415 MILES OF LINE. THE COOPERATIVE ADDED 5.21 MILES AND REMOVED 1.65 MILES OF ELECTRIC 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 15 0 1 23 1 0 0 0 0 0 0 0 16590054 893516 0 0 0 X 8 8 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 1 0 0 X COLLEEN FARLEY 6058564416 625 WEST SECOND STREET MISSION SD 57555 X SHAWN BORDEAUX PRESIDENT 0.50 0.00 X X 6050 0 0 JUSTIN BRICKNER VICE PRESIDENT 0.50 0.00 X X 9075 0 0 JERRY FULLERTON SECRETARY 0.50 0.00 X X 9625 0 0 WHITNEY MEEK TREASURER 0.50 0.00 X X 3850 0 0 NOAH TUCKER DIRECTOR 0.50 0.00 X 4400 0 0 DAN VALBURG DIRECTOR 0.50 0.00 X 2750 0 0 AMANDA ANTOINE DIRECTOR UNTIL SEP 0.50 0.00 X 3575 0 0 RONALD FREDERICK DIRECTOR AT LARGE 0.50 0.00 X 4950 0 0 SHAKIRA RATTLING LEAF DIRECTOR AS OF SEP 0.50 0.00 X 825 0 0 TIMOTHY GRABLANDER GENERAL MANAGER / CEO 40.00 0.00 X 251166 0 146435 KOLBY KROGMAN CREW CHIEF 40.00 0.00 X 127750 0 63832 MARK IYOTTE LINE SUPERINTENDENT 40.00 0.00 X 120825 0 77478 CHRISTOPHER RAHN MEMBER SERVICES 40.00 0.00 X 116627 0 78705 TANNER LOLLEY LINEMAN 40.00 0.00 X 114660 0 54245 DAVID PIPER CREW CHIEF 40.00 0.00 X 113322 0 68236 889450 0 488931 12 0 1 0 KELLER CONSTRUCTION LLC 7700 MT ROYAL LN RAPID CITY SD 57702 LINE BUILD 970441 SUNDANCE POWER POLE INSP 40905 CO RD 17 MEEKER CO 81641 POLE INSPECTIONS 133655 RUSHMORE ELECTRIC PO BOX 2414 RAPID CITY SD 57709 SUPPORT 130312 FRIEST TREE EXPERTS LLC 47732 273RD ST HARRISBURG SD 57032 TREE CONTRACT 104867 4 ELECTRIC SALES 221000 16445946 16445946 CAPITAL CREDITS 221000 591488 591488 17037434 374345 374345 30801 12269 18532 18532 18532 17657 53713 -36056 -36056 17394255 17001378 0 392877 583379 404059 433777 2471 45933 62801 76042 87946 237059 36517 38297 1079300 1804881 PURCHASED POWER 8773682 DISTRIBUTION - OPERATIO 1960707 DISTRIBUTION - MAINTENA 703787 CUSTOMER ACCOUNTS 519659 543958 17394255 495239 624792 6831777 8800859 1509783 1435908 1089846 1398692 76218 65314131 28377730 36373269 36936401 9043766 9152272 207156 303246 55550836 58728388 1900685 1421254 31072642 35516472 3781376 3222777 36754703 40160503 X 0 0 0 0 18796133 18567885 18796133 18567885 55550836 58728388 X 0 -228248 X 0 1 X 1 0 128348 128348 1148149 566177 581972 5247969 3684413 1563556 58789665 24127140 34662525 36936401 RUSHMORE ELECTRIC POWER COOPERATIVE, INC. 513535 C NATIONAL RURAL UTILTIES CFC 325238 C FEDERATED RURAL ELECTRIC INSURANCE 192453 C RURAL ELECTRIC SUPPLY COOPERATIVE 265943 C OTHER PATRONAGE INVESTMENTS 190381 C MEMBERSHIPS AND OTHER PATRONAGE CAPITAL CREDITS 43329 C BASIN ELECTRIC POWER COOPERATIVE, INC. 7621393 C 9152272 CUSTOMER DEPOSITS 123600 DEFERRED REVENUE 3099177 3222777 X 17394255 0 17394255 0 17394255 16810876 0 16810876 583379 583379 17394255 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 XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF MARGIN TO MEMBERS 583,379. X 0 0 0 TIMOTHY GRABLANDER GENERAL MANAGER / CEO 241702 0 0 0 9464 0 108904 0 40957 0 401027 0 0 0 MARK IYOTTE LINE SUPERINTENDENT 120438 0 0 0 387 0 42497 0 39193 0 202515 0 0 0 CHRISTOPHER RAHN MEMBER SERVICES 116287 0 0 0 340 0 42173 0 40664 0 199464 0 0 0 KOLBY KROGMAN CREW CHIEF 127430 0 0 0 320 0 28851 0 38591 0 195192 0 0 0 DAVID PIPER CREW CHIEF 111947 0 0 0 1375 0 30705 0 41141 0 185168 0 0 0 TANNER LOLLEY LINEMAN 114399 0 0 0 261 0 19064 0 38527 0 172251 0 0 0 SCHEDULE J, PART II, COLUMN C INCLUDED IN THE AMOUNT REPORTED IN COLUMN C FOR THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN ARE AS FOLLOWS: - TIMOTHY GRABLANDER $94,252 - MARK IYOTTE $36,285 - CHRISTOPHER RAHN $36,091 - DAVID PIPER $25,459 - KOLBY KROGMAN $28,851 - TANNER LOLLEY $14,182 ACTUAL COOPERATIVE CONTRIBUTIONS TO THE DEFINED BENEFIT PLAN ARE AS FOLLOWS: - TIMOTHY GRABLANDER $52,184 - MARK IYOTTE $28,891 - CHRISTOPHER RAHN $28,286 - DAVID PIPER $24,526 - KOLBY KROGMAN $24,526 - TANNER LOLLEY $22,616 FORM 990, PART VI, SECTION A, LINE 6 CHERRY-TODD ELECTRIC COOPERATIVE, INC. IS A MEMBER OWNED COOPERATIVE. IN ORDER TO RECEIVE ELECTRICAL SERVICE FROM CHERRY-TODD ELECTRIC COOPERATIVE, INC. A CONSUMER HAS TO PAY A MEMBERSHIP FEE OF $5.00 PER SINGLE OR JOINT MEMBERSHIP. THERE IS ONLY ONE CLASS OF MEMBERSHIP. THE MEMBERS RECEIVE AN ALLOCATION OF MARGINS YEARLY BASED ON REVENUE OF KWH CONSUMPTION. THE ALLOCATION IS RETIRED AND PAID TO THE MEMBER AT THE DISCRETION OF THE BOARD OF DIRECTORS OF CHERRY-TODD ELECTRIC COOPERATIVE, INC. FORM 990, PART VI, SECTION A, LINE 7A CHERRY-TODD ELECTRIC COOPERATIVE, INC. IS A MEMBER OWNED COOPERATIVE. THE BYLAWS PROVIDE AN ELECTION BE HELD ANNUALLY FOR THE BOARD OF DIRECTORS' POSITIONS THAT ARE EXPIRING. THE BALLOTING FOR THE ELECTION IS HELD DURING THE ANNUAL MEETING. THEREFORE, THE REPRESENTATION OF THE BOARD OF DIRECTORS IS DECIDED BY THE VOTES OF THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH BOARD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BOARD. FORM 990, PART VI, SECTION B, LINE 11B CHERRY-TODD ELECTRIC COOPERATIVE, INC. PROVIDES EACH MEMBER OF THE GOVERNING BOARD WITH A COMPLETE ELECTRONIC AND PAPER COPY, SOLICITING COMMENTS AND ANY SUGGESTED CHANGES, WHICH ARE TO BE MADE BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE GOVERNING BOARD INTERPRETS AND ENFORCES THE CONFLICT OF INTEREST POLICY. EACH OFFICIAL MUST ANNUALLY COMPLETE AND SIGN THE CONFLICT OF INTEREST CERTIFICATION AND DISCLOSURE FORM AND DELIVER THE COMPLETED AND SIGNED FORM TO THE PRESIDENT OR MANAGER. UPON RECEIVING OR DISCOVERING ANY INFORMATION OR FACT THAT COULD IMPACT A DIRECTOR'S COMPLIANCE WITH THIS POLICY, THE BOARD MUST (A) PROVIDE THE DIRECTOR AN OPPORTUNITY TO COMMENT ORALLY AND IN WRITING REGARDING THE INFORMATION OR FACT, AND AN OPPORTUNITY TO BE REPRESENTED BY LEGAL COUNSEL, AND (B) DETERMINE WHETHER THE DIRECTOR COMPLIES WITH THIS POLICY. IF THE BOARD DETERMINES THAT A DIRECTOR DOES NOT COMPLY WITH THIS POLICY, THEN (A) THE BOARD MUST PROVIDE THE DIRECTOR AN OPPORTUNITY TO COMPLY WITHIN THIRTY DAYS; AND (B) IF THE DIRECTOR DOES NOT COMPLY WITH THIS POLICY WITHIN 30 DAYS, THEN AS ALLOWED BY THE POLICY, THE BOARD MUST SANCTION, DISQUALIFY, AND/OR REMOVE THE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 15A THE GOVERNING BOARD REVIEWS STATE AND NATIONAL COMPENSATION DATA. THE DATA IS THOROUGHLY REVIEWED AND DELIBERATED BY THE INDEPENDENT PERSONS. ALSO THE DELIBERATION AND DECISION IS CONTEMPORANEOUSLY SUSTANTIATED BY RECORDING IT IN BOARD MINUTES. THIS IS USUALLY DONE ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST ANYONE MAY REVIEW CHERRY-TODD ELECTRIC COOPERATIVE, INC. GOVERNING DOCUMENTS PLUS THE CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND FORM 990. WHEN AN INDIVIDUAL BECOMES A MEMBER OF CHERRY-TODD ELECTRIC COOPERATIVE, INC., HE OR SHE IS GIVEN A COPY OF THE BY-LAWS. AT A MEMBERSHIP MEETING HELD ANNUALLY THE MEMBERS ARE PROVIDED A FINANCIAL REPORT. THE MEMBERS OF CHERRY-TODD ELECTRIC COOPERATIVE, INC. ARE ALSO PROVIDED A MONTHLY FINANCIALS AND STATISTICAL REPORT THROUGH THE "COOPERATIVE CONNECTIONS" MAGAZINE. FORM 990, PART VII: THE GENERAL MANAGER ACTS AS BOTH THE TOP MANAGEMENT OFFICIAL AND THE TOP FINANCIAL OFFICIAL. FORM 990, PART XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -812,027. CHANGE IN MEMBERSHIPS 400. ALLOCATION OF MEMBER MARGINS 583,379.