Thank you for joining us for our 2026 New Horizons Supply Cooperative Annual Meeting
February 11, 2026
On Wednesday, February 11th New Horizons Supply Cooperative hosted their Annual Meeting at the Lancaster Youth and Ag building. Our Patrons enjoyed a delicious meal prepared by Prem Meats and served by New Horizons Convenience Store employees. We had a wonderful turnout, and it was a beautiful sunny day! After the meal we had a business meeting to discuss Fiscal Year 2024-2025 financials.
New Horizons had another great year! Thank you for attributing to our success!
Financial Review
Jason Cullen addressed the crowd and shared current news about our Cooperative. Our Cooperative is very strong and has made smart business decisions to improve efficiencies and reduce costs. We have invested in our employees and assets. We have also worked to expand our infrastructure by adding equipment such as trucks and service equipment. We invested in the Dodgeville community by giving them a much-needed store remodel.
This year New Horizons partnered with associate Dylan Stangl at the accounting firm Clifton Larson Allen LLP to review our 2024-2025 financials. The Cooperative had $59.2M in sales with Gross Margin of $13.1M. Sales were down from the previous Fiscal Year and our Gross Margin was up $211K due to Cost of Sales being reduced by $5M. Net income was $2.1M. It was a very successful year for New Horizons. Total assets equaled $44.4M.
Patronage
We were able to pay $1.0M in patronage dividends for customers who spent $750 or more in FY 2025. Our members received a 100% payout in December of 2025. In the Spring of 2026, the cooperative will spend an additional $600,000 to pay back equity earned during the year 2013. Our Cooperative is proud that we can pass our successes on to our members.
Director Elections
We had 2 directors who came up for re-election, and they were both elected to 3-year terms. Congratulations to Darin Wills and Jason Sparrgrove. Dennis Bell has retired, which opened a director spot for his seat. Bart Mitchell was nominated and voted in to replace Dennis. Congratulations Bart!
Employee Recognition
Jason Cullen recognized many employees for their Years of Service.
Al Stagman, our Refined Driver that works out of the Patch Grove location, had 35 Years of Service!
Tom Colemen, our Refined Driver that works out of Boscobel and Crawford County, had 35 Years of Service!
Dale Larson, who works with our convenience stores, had 25 Years of Service!
Devon Brown, the Manager at the Blue River convenience store, had 10 Years of Service!
Joe Welter, a salesman at New Horizons has recently retired and was also recognized at our Annual Meeting. We would like to thank Joe for all of his years of service and he will be missed!
We had one board member retire. Dennis Bell from Gays Mills has retired after 35+ years of service on our Board of Directors. We would like to thank him for his service and we wish him well!
Two others also celebrated their years of service who were missing from our meeting. Janet Nielsen, who works with our convenience stores, had 15 Years of Service! Lorie Kreyer who works in our main office in Fennimore had 35 years of service! Congratulations everyone on your years of service!