Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: ELECTRICITY SALES

  total $22,355,072 · related or exempt $22,355,072

• 2b · Program service revenue: OTHER INCOME

  total $1,445,686 · related or exempt $604,775 · unrelated business $840,911

• 2c · Program service revenue: COOP CAPITAL CREDITS

  total $802,702 · related or exempt $802,702

• 2d · Program service revenue: EQUITY INVESTMENTS

  total $88,152 · unrelated business $18,142 · excluded $70,010

• 3 · Investment income

  total $113,689 · excluded $113,689

• 7a · Gross sales of assets other than inventory

  other assets $3,064

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

  other assets $0

• 7c · Gain or loss

  other assets $3,064

• 7d · Net gain or loss

  total $3,064 · excluded $3,064

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $16,326

• 4 · Benefits paid to or for members

  total $81,994

• 5 · Compensation of officers, directors and key employees

  total $491,425

• 7 · Other salaries and wages

  total $3,158,424

• 8 · Pension plan contributions

  total $717,500

• 10 · Payroll taxes

  total $265,644

• 20 · Interest

  total $1,371,366

• 22 · Depreciation, depletion and amortization

  total $2,308,173

• 24a · Other expenses: COST OF POWER

  total $11,771,859

• 24b · Other expenses: DISTRIBUTION MAINTENANC

  total $2,234,315

• 24c · Other expenses: DISTRIBUTION OPERATIONS

  total $1,763,994

• 24d · Other expenses: ADMIN & GENERAL

  total $699,345

• 24e · All other expenses

  total -$72,000

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $725,969 · end of year $482,700

• 4 · Accounts receivable

  beginning of year $2,443,870 · end of year $5,326,965

• 8 · Inventories for sale or use

  beginning of year $1,661,441 · end of year $1,245,780

• 9 · Prepaid expenses and deferred charges

  beginning of year $409,385 · end of year $226,001

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

  $91,382,032

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

  $33,070,370

• 10c · Land, buildings and equipment, net

  beginning of year $52,734,887 · end of year $58,311,662

• 12 · Investments: other securities

  beginning of year $2,491,519 · end of year $4,889,495

• 13 · Investments: program-related

  beginning of year $12,513,889 · end of year $12,838,231

• 15 · Other assets

  beginning of year $23,391 · end of year $25,704

• 17 · Accounts payable and accrued expenses

  beginning of year $1,880,479 · end of year $2,225,249

• 21 · Escrow or custodial account liability

  beginning of year $43,737 · end of year $46,023

• 23 · Secured mortgages and notes payable

  beginning of year $39,655,713 · end of year $49,511,751

• 24 · Unsecured notes and loans payable

  beginning of year $2,668,722 · end of year $3,292,801

• 25 · Other liabilities

  beginning of year $1,309,102 · end of year $1,311,994

• 29 · Capital stock, trust principal or current funds

  beginning of year $490 · end of year $490

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

  beginning of year $13,376,447 · end of year $13,474,350

• 31 · Retained earnings, endowment or other funds

  beginning of year $14,069,661 · end of year $13,483,880

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: - HOLLEE MCCORMICK $5,136 - JASON TROENDLE $3,768 - JOSH ABBOTT $3,972 - DAVID DECKER $6,168 ACTUAL COOPERATIVE CONTRIBUTIONS TO THE DEFINED BENEFIT PLAN ARE AS FOLLOWS: - HOLLEE MCCORMICK $38,878 - JASON TROENDLE $28,569 - JOSH ABBOTT $27,850 - DAVID DECKER $29,622