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Member-Owned · Est. 2009
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ANNUAL REPORT TO MEMBER-OWNERS

A year of growing together.

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Member-owners · +18% YoY
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Co-op revenue · +12%
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New distribution center
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Patronage returned to members
Presented at the Annual General Meeting · {{ agm_date }} {{ coop_loc }}
01
A Letter to Our Members
From the Board

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Member-owners
▲ 18% from 12,560
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Total co-op revenue
▲ 12% YoY
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Sourced within 150 miles
▲ 4 pts
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Patronage dividends
▲ 9% to members

The Year at a Glance

Measure
2024
2025
Member-owners
12,560
14,820
Local farms in direct supply
112
152
Average produce miles to shelf
186
128
Cooperative jobs
94
122
Patronage returned to members
$1.42M
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Verdant Harvest Co-op · 2025 Annual Report
The Year · Page 2 of 5
02
The Expansion Story
Membership & Capacity

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Member-Owners — Five-Year Growth

9,140
2021
10,380
2022
11,460
2023
12,560
2024
14,820
2025
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Local farms added to direct supply
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Cold-storage capacity at Riverfork
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Average produce miles to shelf

Riverfork Distribution Center — by the Numbers

Measure
Before
After
Cold-storage pallet positions
2,400
5,100
Family farms in direct supply
112
152
Cooperative jobs
94
122
Capital invested (member + loan)
$4.6M
Why we built it

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What it means for members

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Verdant Harvest Co-op · 2025 Annual Report
Expansion · Page 3 of 5
03
Financial Summary
Fiscal Year 2025

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Statement of Operations — summarized ($000s)

Line item
FY2024
FY2025
Sales revenue
28,210
31,640
Cost of goods sold
(20,510)
(22,870)
Gross margin · 27.7%
7,700
8,770
Operating & labor expense
(6,240)
(6,910)
Distribution-center startup
—
(310)
Net surplus before patronage
1,550
Patronage dividends to members
(1,300)
(1,420)
Retained for reserves
130
$1.55M
Surplus

How the surplus was allocated

Patronage dividends to members42%
Distribution-center debt service28%
Farmer & community fund18%
Retained reserves12%

Member Equity & Reserves ($000s)

Line item
FY2023
FY2025
Member equity
5,210
6,800
Operating reserves
880
1,240
Total member equity & reserves
$8.04M
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Verdant Harvest Co-op · 2025 Annual Report
Financials · Page 4 of 5
04
Outlook & Thanks
Looking to 2026

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2026 Priority — Education

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2026 Priority — Sourcing

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2026 Priority — Farmers

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2026 Plan — Targets & Funding

Commitment
2026 Target
Funded from
Teaching-kitchen sessions
200 / yr
Operations
Local-sourcing share
≥ 65%
Operations
Farmer-financing fund
$300K
Reserves
Member education hours
2× 2025
Community fund
New member assessment
$0
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Board President
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Treasurer

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Verdant Harvest Co-op · 2025 Annual Report
Outlook · Page 5 of 5