Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: ELECTRIC SALES

  total $16,445,946 · related or exempt $16,445,946

• 2b · Program service revenue: CAPITAL CREDITS

  total $591,488 · related or exempt $591,488

• 3 · Investment income

  total $374,345 · excluded $374,345

• 7a · Gross sales of assets other than inventory

  other assets $30,801

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

  other assets $12,269

• 7c · Gain or loss

  other assets $18,532

• 7d · Net gain or loss

  total $18,532 · excluded $18,532

• 10a · Gross sales of inventory

  $17,657

• 10b · Cost of goods sold

  $53,713

• 10c · Net income from sales of inventory

  total -$36,056 · related or exempt -$36,056

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $583,379

• 5 · Compensation of officers, directors and key employees

  total $404,059

• 7 · Other salaries and wages

  total $433,777

• 8 · Pension plan contributions

  total $2,471

• 9 · Other employee benefits

  total $45,933

• 10 · Payroll taxes

  total $62,801

• 11g · Fees: other

  total $76,042

• 12 · Advertising and promotion

  total $87,946

• 13 · Office expenses

  total $237,059

• 17 · Travel

  total $36,517

• 19 · Conferences, conventions and meetings

  total $38,297

• 20 · Interest

  total $1,079,300

• 22 · Depreciation, depletion and amortization

  total $1,804,881

• 24a · Other expenses: PURCHASED POWER

  total $8,773,682

• 24b · Other expenses: DISTRIBUTION - OPERATIO

  total $1,960,707

• 24c · Other expenses: DISTRIBUTION - MAINTENA

  total $703,787

• 24d · Other expenses: CUSTOMER ACCOUNTS

  total $519,659

• 24e · All other expenses

  total $543,958

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $495,239 · end of year $624,792

• 2 · Savings and temporary cash investments

  beginning of year $6,831,777 · end of year $8,800,859

• 4 · Accounts receivable

  beginning of year $1,509,783 · end of year $1,435,908

• 8 · Inventories for sale or use

  beginning of year $1,089,846 · end of year $1,398,692

• 9 · Prepaid expenses and deferred charges

  end of year $76,218

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

  $65,314,131

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

  $28,377,730

• 10c · Land, buildings and equipment, net

  beginning of year $36,373,269 · end of year $36,936,401

• 13 · Investments: program-related

  beginning of year $9,043,766 · end of year $9,152,272

• 15 · Other assets

  beginning of year $207,156 · end of year $303,246

• 17 · Accounts payable and accrued expenses

  beginning of year $1,900,685 · end of year $1,421,254

• 24 · Unsecured notes and loans payable

  beginning of year $31,072,642 · end of year $35,516,472

• 25 · Other liabilities

  beginning of year $3,781,376 · end of year $3,222,777

• 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 $18,796,133 · end of year $18,567,885

The filer's explanations (Part III)

SCHEDULE J, PART II, COLUMN C

INCLUDED IN THE AMOUNT REPORTED IN COLUMN C FOR THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN ARE AS FOLLOWS: - TIMOTHY GRABLANDER $94,252 - MARK IYOTTE $36,285 - CHRISTOPHER RAHN $36,091 - DAVID PIPER $25,459 - KOLBY KROGMAN $28,851 - TANNER LOLLEY $14,182 ACTUAL COOPERATIVE CONTRIBUTIONS TO THE DEFINED BENEFIT PLAN ARE AS FOLLOWS: - TIMOTHY GRABLANDER $52,184 - MARK IYOTTE $28,891 - CHRISTOPHER RAHN $28,286 - DAVID PIPER $24,526 - KOLBY KROGMAN $24,526 - TANNER LOLLEY $22,616