Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALES OF ELECTRICITY

  total $104,930,771 · related or exempt $104,930,771

• 2b · Program service revenue: CAPITAL CREDITS

  total $9,580,255 · related or exempt $9,580,255

• 3 · Investment income

  total $1,682,042 · excluded $1,682,042

• 5 · Royalties

  total $77 · unrelated business $77

• 6a · Gross rents

  real property $40,441

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $40,441

• 6d · Net rental income or loss

  total $40,441 · related or exempt $40,441

• 7a · Gross sales of assets other than inventory

  other assets $104,415

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

  other assets $837

• 7c · Gain or loss

  other assets $103,578

• 7d · Net gain or loss

  total $103,578 · excluded $103,578

• 11a · Other revenue: GRIDLIANCE

  total $77,871 · unrelated business $77,871

• 11e · Other revenue, total

  $77,871

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $110,454 · program services $110,454

• 4 · Benefits paid to or for members

  total $15,390,032 · program services $15,390,032

• 7 · Other salaries and wages

  total $7,172,382 · program services $7,172,382

• 12 · Advertising and promotion

  total $87,272 · program services $87,272

• 13 · Office expenses

  total $1,584,051 · program services $1,584,051

• 20 · Interest

  total $11,936,225 · program services $11,936,225

• 22 · Depreciation, depletion and amortization

  total $10,279,333 · program services $10,279,333

• 24a · Other expenses: PURCHASED POWER

  total $61,839,098 · program services $61,839,098

• 24b · Other expenses: DISTRIBUTION EXPENSE

  total $3,736,014 · program services $3,736,014

• 24c · Other expenses: ADMIN & GENERAL EXPENSE

  total $3,265,207 · program services $3,265,207

• 24d · Other expenses: CUSTOMER SERVICE & INFO

  total $879,786 · program services $879,786

• 24e · All other expenses

  total $135,180 · program services $135,180

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,428,766 · end of year $4,243,948

• 4 · Accounts receivable

  beginning of year $8,790,905 · end of year $8,042,617

• 8 · Inventories for sale or use

  beginning of year $910,656 · end of year $895,508

• 9 · Prepaid expenses and deferred charges

  beginning of year $5,322,255 · end of year $3,574,622

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

  $322,579,107

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

  $70,097,924

• 10c · Land, buildings and equipment, net

  beginning of year $248,184,761 · end of year $252,481,183

• 13 · Investments: program-related

  beginning of year $75,919,510 · end of year $86,650,373

• 15 · Other assets

  beginning of year $6,684,384 · end of year $5,099,549

• 17 · Accounts payable and accrued expenses

  beginning of year $8,820,027 · end of year $8,526,783

• 23 · Secured mortgages and notes payable

  beginning of year $234,982,172 · end of year $229,577,065

• 25 · Other liabilities

  beginning of year $6,900,295 · end of year $7,874,573

• 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 $99,538,743 · end of year $115,009,379

The filer's explanations (Part III)

FORM 990, SCHEDULE J, PART I, LINE 1A

TCEC ON OCCASION HAS CHARTERED AN AIRPLANE TO FLY CEO AND OTHER EMPLOYEES WHEN IT HAS BEEN MORE EFFECTIVE THAN FLYING COMMERCIAL. TCEC WILL REIMBURSE ANY EMPLOYEE FOR THE MEMBERSHIP FEE TO HEALTH OR FITNESS CENTERS AS PART OF TCEC'S WELLNESS PROGRAM. TCEC WILL REIMBURSE THE EMPLOYEE FOR A SINGLE (EMPLOYEE) MEMBERSHIP UP TO $50 PER EMPLOYEE OR $100 FOR A FAMILY MEMBERSHIP PER EMPLOYEE PER YEAR.