North West Rural Electric Cooperative

“ONE CLASS OF MEMBERSHIP.”

“One class of membership with each member receiving one vote.”

“One class of membership with each member receiving one vote to make changes to the articles of incorporation.”

“The cooperative does not have committees with broad authority to act on behalf of the governing body.”

“A copy of the form 990 is given to the board members and reviewed during a meeting of the governing board. The form 990 is filed with the irs subsequent to the said board meeting.”

“Conflict of interest disclosure statements are completed annually. Persons covered by the policy include board directors and all employees. Management and supervisors determine whether a conflict exists. Management and board directors review and investigate actual conflicts. Persons with a conflict are restricted from decision making. Appropriate disciplinary and corrective action is taken.”

“The board of directors determines compensation for the ceo utilizing nreca compensation survey data. The compensation process is completed annually.”

“Form 990 is available for public inspection at each location.”

“The financial statements are included in the annual report mailed to all members, and it is also available on the cooperative's website. The articles of incorporation and bylaws are available on our website. The conflict of interest policy is available upon request.”

“Included in other compensation is the estimated current year increase or decrease in the actuarial value of the defined benefit plan for the ceo. 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.”

“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.”

“Capital credit retirements -2,077,892. Donated capital credits and other changes -37,747. Allocation of 2024 margins to members in 2025 3,500,000.”

“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.”