Form 990 for tax year 2023

2a · Program service revenue: SALES OF ELECTRICITY

total $31,173,215 · related or exempt $31,173,215

2b · Program service revenue: PATRONAGE DIVIDENDS

total $2,010,647 · related or exempt $2,010,647

2c · Program service revenue: SERVICE FEES

total $176,685 · related or exempt $176,685

3 · Investment income

total $250,855 · excluded $250,855

6a · Gross rents

real property $1,413

6b · Less rental expenses

real property $0

6c · Rental income or loss

real property $1,413

6d · Net rental income or loss

total $1,413 · excluded $1,413

7a · Gross sales of assets other than inventory

other assets $21,500

7b · Less cost or other basis and sales expenses

other assets $0

7c · Gain or loss

other assets $21,500

7d · Net gain or loss

total $21,500 · related or exempt $21,500

10a · Gross sales of inventory

$172,251

10b · Cost of goods sold

$283,265

10c · Net income from sales of inventory

total -$111,014 · related or exempt -$111,014

11a · Other revenue: POLE ATTACHMENT INCOME

total $66,650 · excluded $66,650

11e · Other revenue, total

$66,650

1 · Grants to domestic organizations and governments

total $10,019

4 · Benefits paid to or for members

total $3,436,067

5 · Compensation of officers, directors and key employees

total $947,883

7 · Other salaries and wages

total $1,977,488

8 · Pension plan contributions

total $168,773

9 · Other employee benefits

total $453,981

10 · Payroll taxes

total $190,183

20 · Interest

total $1,079,538

22 · Depreciation, depletion and amortization

total $2,277,566

24a · Other expenses: PURCHASED POWER

total $19,157,421

24b · Other expenses: DISTRIBUTION EXPENSE

total $2,811,815

24c · Other expenses: ADMINISTRATIVE & GENERA

total $529,385

24d · Other expenses: CONSUMER EXPENSE

total $475,324

24e · All other expenses

total $74,508

1 · Cash, non-interest-bearing

beginning of year $1,848,635 · end of year $1,314,635

2 · Savings and temporary cash investments

beginning of year $2,811,362 · end of year $2,844,749

4 · Accounts receivable

beginning of year $1,742,488 · end of year $969,382

8 · Inventories for sale or use

beginning of year $27,051 · end of year $22,945

9 · Prepaid expenses and deferred charges

beginning of year $193,119 · end of year $201,304

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

$73,988,595

10b · Land, buildings and equipment: accumulated depreciation

$16,073,937

10c · Land, buildings and equipment, net

beginning of year $54,476,268 · end of year $57,914,658

13 · Investments: program-related

beginning of year $23,939,391 · end of year $25,933,745

15 · Other assets

beginning of year $598,741 · end of year $422,350

17 · Accounts payable and accrued expenses

beginning of year $1,782,939 · end of year $2,536,981

23 · Secured mortgages and notes payable

beginning of year $35,289,633 · end of year $36,942,787

25 · Other liabilities

beginning of year $622,339 · end of year $573,484

29 · Capital stock, trust principal or current funds

beginning of year $26,690 · end of year $26,690

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 $47,915,454 · end of year $49,543,826