Schuyler Cooperative Assn. 2025 Annual Report
- kourtneyb93
- Jan 14
- 9 min read
Balance Sheets October 31,2025 and 2024
Assets
_________________________________________2025___________2024
Cash $4,432,690 $4,436,001
Receivables
Trade - Net of Allowances for Credit
Losses of $300,000 6,040,893 7,034,371
Other 171,251 277,793
Inventories
Petroleum 407,844 403,188
Agronomy 9,914,877 7,005,098
Feed 105,653 120,216
Merchandise 641,998 637,473
Fuel Mart Merchandise 23,694 12,236
Deposits on Undelivered Inventories 7,268,467 7,576,914
Prepaid Expenses 167,298 116,770
Total Current Assets 29,174,665 27,620,060
Property, Plant and Equipment
Land 563,251 563,251
Buildings and Equipment 31,933,771 29,957,857
32,497,022 30,521,108
Accumulated Depreciation (20,253,751) (18,270,102)
Undepreciated Cost 12,243,271 12,251,006
Construction in Process 176,803 0
Net Property, Plant and Equipment 12,420,074 12,251,006
Other Assets
Deferred Income Taxes 127,235 126,362
Equity In Other Organizations 4,655,703 4,870,756
Total Assets $46,377,677 $44,868,184
Sales $52,710,706 $54,151,250
Cost of Goods Sold 42,018,210 42,994,655
Gross Savings on Sales 10,692,496 11,156,595
Other Operating Revenue
Agronomy Services 1,404,235 1,423,757
Finance Charges, Interest and Dividends 999,373 1,111,920
Grain on Sale of Property, Plant
and Equipment 65,974 131,762
All Other Income 76,637 59,471
Total Other Operating Revenue 2,546,219 2,726,910
Total Gross Revenue 13,238,715 13,883,505
Operating Expenses
Salaries and Benefits 3,676,705 3,711,853
Depreciation 2,307,438 2,325,418
Interest 173,560 186,616
Insurance and Bonds 492,153 407,146
Property Taxes 151,210 153,295
Repairs and Maintenance 1,159,589 1,146,217
Truck and Transport Expenses 436,789 516,565
Consultants 1,200 55,402
Data Processing 28,845 32,994
License and Fees 63,625 65,700
Office Supplies and Postage 40,393 31,065
Professional Fees 43,558 46,175
Rent and Lease 36,159 35,005
Telephone 35,431 19,710
All Other Expenses 165,081 181,098
Total Operating Expenses 8,811,736 8,884,564
Operating Savings 4,426,979 4,998,941
Patronage Dividend Income 531,384 1,732,089
Savings Before Income Taxes 4,958,363 6,731,030
Income Tax Expenses 161,456 219,817
Net Savings $4,796,907 $6,511,213
Liabilities And Members' Equity
_________________________________________2025___________2024
Current Maturities of Long-Term Debt
Notes Payable $355,400 $355,400
Payables
Trade 1,291,611 1,362,217
Patron Credit Balances 1,120,579 1,598,833
Accrued Expenses
Interest 27,935 30,240
Property Tax 129,729 130,000
Other 666,963 605,142
Patronage Dividends Payable 1,618,112 2,225,498
Total Current Liabilities 5,210,329 6,307,330
Long-Term Liabilities - Net of Current Maturities
Notes Payable 3,897,650 4,253,050
Members' Equity
Capital Stock 83,800 85,050
Certificates of Participation 204,100 186,025
Members' Equity Credits - Local 17,312,318 15,112,216
Members' Equity Credits - Regional 3,810,786 3,810,786
Retained Savings 15,858,694 15,113,727
Total Members' Equity 37,269,698 34,307,804
Total Liabilities And Members' Equity $46,377,677 $44,868,184
Distribution of Net Savings
_________________________________________2025_________2024
Patronage Dividends
Cash $1,618,112 $2,225,498
Deferred - Qualified 2,427,169 3,338,247
Total 4,045,281 5,563,745
Retained Savings 751,626 947,468
$4,796,907 $6,511,213
Allocated Patronage Rates
Petroleum 6.05% 8.80%
Agronomy 10.35% 13.80%
Feed 7.12% 8.13%
Merchandise 10.07% 10.29%
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