Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: Energy Sales

  total $63,678,282 · related or exempt $63,678,282

• 3 · Investment income

  total $977,237 · related or exempt $787,933 · excluded $189,304

• 6a · Gross rents

  personal property $181,782

• 6c · Rental income or loss

  personal property $181,782

• 6d · Net rental income or loss

  total $181,782 · related or exempt $181,782

• 7a · Gross sales of assets other than inventory

  other assets $174,555

• 7b · Less cost or other basis and sales expenses

  other assets $77,178

• 7c · Gain or loss

  other assets $97,377

• 7d · Net gain or loss

  total $97,377 · related or exempt $97,377

• 8c · Net income from fundraising events

  total $0

• 10a · Gross sales of inventory

  $1,965

• 10b · Cost of goods sold

  $1,527

• 10c · Net income from sales of inventory

  total $438 · related or exempt $438

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $3,940,623 · program services $3,940,623

• 5 · Compensation of officers, directors and key employees

  total $742,976 · program services $742,976

• 7 · Other salaries and wages

  total $3,249,481 · program services $3,249,481

• 8 · Pension plan contributions

  total $589,543 · program services $589,543

• 9 · Other employee benefits

  total $657,739 · program services $657,739

• 10 · Payroll taxes

  total $381,859 · program services $381,859

• 11b · Fees: legal

  total $74,118 · program services $74,118

• 11c · Fees: accounting

  total $24,433 · program services $24,433

• 12 · Advertising and promotion

  total $72,807 · program services $72,807

• 13 · Office expenses

  total $304,756 · program services $304,756

• 14 · Information technology

  total $262,429 · program services $262,429

• 16 · Occupancy

  total $118,516 · program services $118,516

• 17 · Travel

  total $50,793 · program services $50,793

• 19 · Conferences, conventions and meetings

  total $110,051 · program services $110,051

• 20 · Interest

  total $2,650,737 · program services $2,650,737

• 22 · Depreciation, depletion and amortization

  total $5,447,483 · program services $5,447,483

• 23 · Insurance

  total $148,755 · program services $148,755

• 24a · Other expenses: Purchased Energy-Wholesal

  total $40,704,175 · program services $40,704,175

• 24b · Other expenses: Property Taxes

  total $508,206 · program services $508,206

• 24e · All other expenses

  total $4,895,636 · program services $4,895,636

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $88,714 · end of year $271,979

• 2 · Savings and temporary cash investments

  end of year $1,651,594

• 4 · Accounts receivable

  beginning of year $6,082,693 · end of year $4,180,929

• 8 · Inventories for sale or use

  beginning of year $3,005,667 · end of year $2,109,298

• 9 · Prepaid expenses and deferred charges

  beginning of year $351,731 · end of year $514,584

• 10a · Land, buildings and equipment: cost or other basis

  $170,039,758

• 10b · Land, buildings and equipment: accumulated depreciation

  $59,616,958

• 10c · Land, buildings and equipment, net

  beginning of year $106,137,646 · end of year $110,422,800

• 12 · Investments: other securities

  beginning of year $484,630 · end of year $612,477

• 13 · Investments: program-related

  beginning of year $7,809,298 · end of year $8,202,470

• 15 · Other assets

  beginning of year $1,748,706 · end of year $1,591,590

• 17 · Accounts payable and accrued expenses

  beginning of year $9,628,780 · end of year $10,853,320

• 23 · Secured mortgages and notes payable

  beginning of year $62,591,369 · end of year $58,375,127

• 25 · Other liabilities

  beginning of year $582,790 · end of year $5,354,935

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $51,149,069 · end of year $53,225,188

• 31 · Retained earnings, endowment or other funds

  beginning of year $1,757,077 · end of year $1,749,151

The filer's explanations (Part III)

Part I, Line 4b

Executive Benefit Restor-

Part I, Line 4b

ation deferred compensta-

Part I, Line 4b

tion plan for select em-

Part I, Line 4b

ployees. No payments made

Part I, Line 4b

out of this plan in 2023.

Part I, Line 4b

2023 actuarial expense -

Part I, Line 4b

recorded of $66,070