Schuyler Cooperative Assn. 2025 Annual Report
- 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%