Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALE OF POWER

  total $15,665,267 · related or exempt $15,665,267

• 2b · Program service revenue: OTHER ELECTRIC REVENUE

  total $30,083 · related or exempt $30,083

• 3 · Investment income

  total $64,857 · excluded $64,857

• 7a · Gross sales of assets other than inventory

  other assets $9,604

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

  other assets $0

• 7c · Gain or loss

  other assets $9,604

• 7d · Net gain or loss

  total $9,604 · excluded $9,604

• 11a · Other revenue: CAPITAL CREDITS

  total $1,043,713 · related or exempt $1,043,713

• 11b · Other revenue: APRIME K-1

  total -$52 · unrelated business -$52

• 11e · Other revenue, total

  $1,043,661

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $1,521,274

• 5 · Compensation of officers, directors and key employees

  total $485,829

• 20 · Interest

  total $976,560

• 22 · Depreciation, depletion and amortization

  total $1,453,720

• 24a · Other expenses: COST OF POWER

  total $8,382,481

• 24b · Other expenses: DIST EXP-OPERATIONS

  total $1,590,049

• 24c · Other expenses: DIST EXP-MAINTENANCE

  total $1,041,560

• 24d · Other expenses: ADMIN & GENERAL EXPENSE

  total $852,210

• 24e · All other expenses

  total $510,085

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $448,440 · end of year $423,424

• 4 · Accounts receivable

  beginning of year $1,423,153 · end of year $1,518,547

• 7 · Other notes and loans receivable

  beginning of year $6,549,855 · end of year $6,084,175

• 8 · Inventories for sale or use

  beginning of year $724,671 · end of year $790,158

• 9 · Prepaid expenses and deferred charges

  beginning of year $881,596 · end of year $1,689,554

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

  $60,126,654

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

  $13,424,120

• 10c · Land, buildings and equipment, net

  beginning of year $42,568,580 · end of year $46,702,534

• 12 · Investments: other securities

  beginning of year $13,269 · end of year $13,269

• 13 · Investments: program-related

  beginning of year $7,569,147 · end of year $8,215,800

• 17 · Accounts payable and accrued expenses

  beginning of year $2,287,861 · end of year $1,377,309

• 19 · Deferred revenue

  beginning of year $309,510 · end of year $857,490

• 23 · Secured mortgages and notes payable

  beginning of year $31,213,765 · end of year $35,682,648

• 25 · Other liabilities

  beginning of year $185,361 · end of year $191,909

• 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 $26,182,214 · end of year $27,328,105

The filer's explanations (Part III)

PART I, LINE 3

THE BOARD OF DIRECTORS REVIEW THE CEOS PAY ON AN ANNUAL BASIS. THE BOARD THEN DECIDES IF IT SHOULD BE ADJUSTED OR NOT.