Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALES OF ELECTRICITY

  total $62,395,014 · related or exempt $62,395,014

• 2b · Program service revenue: BROADBAND INTERNET REVENUE

  total $4,645,397 · related or exempt $4,645,397

• 2c · Program service revenue: PATRONAGE DIVIDENDS

  total $2,291,803 · related or exempt $2,291,803

• 2d · Program service revenue: SERVICE FEES

  total $295,191 · related or exempt $295,191

• 3 · Investment income

  total $530,159 · excluded $530,159

• 7a · Gross sales of assets other than inventory

  other assets $456,119

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

  other assets $0

• 7c · Gain or loss

  other assets $456,119

• 7d · Net gain or loss

  total $456,119 · related or exempt $456,119

• 11a · Other revenue: POLE ATTACHMENT INCOME

  total $579,714 · excluded $579,714

• 11b · Other revenue: CFC ONE CARD REBATE

  total $9,241 · related or exempt $9,241

• 11e · Other revenue, total

  $588,955

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $14,922

• 4 · Benefits paid to or for members

  total $4,096,153

• 5 · Compensation of officers, directors and key employees

  total $2,182,360

• 7 · Other salaries and wages

  total $5,425,965

• 8 · Pension plan contributions

  total -$72,383

• 9 · Other employee benefits

  total $620,590

• 10 · Payroll taxes

  total $631,634

• 20 · Interest

  total $2,674,507

• 22 · Depreciation, depletion and amortization

  total $6,240,798

• 24a · Other expenses: PURCHASED POWER

  total $42,316,622

• 24b · Other expenses: BROADBAND EXPENSE

  total $2,950,002

• 24c · Other expenses: DISTRIBUTION EXPENSE

  total $2,258,156

• 24d · Other expenses: ADMIN & GENERAL EXPENSE

  total $2,172,882

• 24e · All other expenses

  total $939,936

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,224,012 · end of year $5,208,495

• 2 · Savings and temporary cash investments

  beginning of year $202,803 · end of year $207,107

• 4 · Accounts receivable

  beginning of year $6,193,231 · end of year $7,464,656

• 8 · Inventories for sale or use

  beginning of year $10,700,416 · end of year $9,011,168

• 9 · Prepaid expenses and deferred charges

  beginning of year $631,923 · end of year $638,451

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

  $165,749,454

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

  $49,557,603

• 10c · Land, buildings and equipment, net

  beginning of year $112,869,412 · end of year $116,191,851

• 13 · Investments: program-related

  beginning of year $41,099,858 · end of year $43,469,366

• 15 · Other assets

  beginning of year $1,398,875 · end of year $1,764,921

• 17 · Accounts payable and accrued expenses

  beginning of year $7,193,141 · end of year $7,405,288

• 23 · Secured mortgages and notes payable

  beginning of year $86,886,162 · end of year $86,625,795

• 25 · Other liabilities

  beginning of year $6,465,195 · end of year $9,163,407

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

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

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $77,776,032 · end of year $80,761,525

The filer's explanations (Part III)

PART II, COLUMN C:

THE AMOUNTS REPORTED IN COLUMN C ARE THE RESULT OF AN INCREASE/(DECREASE) IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN.