Form 990 for tax year 2024

2a · Program service revenue: Sale of Electricity

total $14,500,011 · related or exempt $14,500,011

2b · Program service revenue: Miscellaneous Electric Sales

total $62,019 · related or exempt $62,019

3 · Investment income

total $372,221 · excluded $372,221

7a · Gross sales of assets other than inventory

other assets $14,650

7b · Less cost or other basis and sales expenses

other assets $0

7c · Gain or loss

other assets $14,650

7d · Net gain or loss

total $14,650 · excluded $14,650

11a · Other revenue: Capital Credits

total $487,945 · related or exempt $487,945

11b · Other revenue: Other Revenue

total $51,238 · related or exempt $51,238

11e · Other revenue, total

$539,183

1 · Grants to domestic organizations and governments

total $11,607 · program services $11,607

4 · Benefits paid to or for members

total $147,405 · program services $147,405

5 · Compensation of officers, directors and key employees

total $664,191 · management and general $664,191

7 · Other salaries and wages

total $330,642 · program services $330,642

11b · Fees: legal

total $30,980 · program services $30,980

11c · Fees: accounting

total $16,750 · program services $16,750

12 · Advertising and promotion

total $2,895 · program services $2,895

13 · Office expenses

total $70,983 · program services $70,983

19 · Conferences, conventions and meetings

total $47,103 · program services $47,103

20 · Interest

total $569,143 · program services $569,143

22 · Depreciation, depletion and amortization

total $1,246,756 · program services $1,246,756

23 · Insurance

total $83,846 · program services $83,846

24a · Other expenses: Purchased Power

total $7,582,583 · program services $7,582,583

24b · Other expenses: Maintenance Expense

total $1,545,932 · program services $1,545,932

24c · Other expenses: Operations Expense

total $527,693 · program services $527,693

24d · Other expenses: Customer Accounts Expen

total $368,504 · program services $368,504

24e · All other expenses

total -$634,531 · program services -$634,531

1 · Cash, non-interest-bearing

beginning of year $1,247,676 · end of year $1,309,845

4 · Accounts receivable

beginning of year $2,235,910 · end of year $1,570,087

8 · Inventories for sale or use

beginning of year $491,762 · end of year $471,338

9 · Prepaid expenses and deferred charges

beginning of year $415,702 · end of year $257,112

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

$46,682,050

10b · Land, buildings and equipment: accumulated depreciation

$15,463,389

10c · Land, buildings and equipment, net

beginning of year $29,260,334 · end of year $31,218,661

13 · Investments: program-related

beginning of year $8,012,095 · end of year $8,935,834

17 · Accounts payable and accrued expenses

beginning of year $1,329,636 · end of year $1,347,864

19 · Deferred revenue

beginning of year $457,462 · end of year $486,802

24 · Unsecured notes and loans payable

beginning of year $13,211,965 · end of year $12,653,202

25 · Other liabilities

beginning of year $4,030,475 · end of year $3,511,515

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 $1,464,173 · end of year $1,718,124

31 · Retained earnings, endowment or other funds

beginning of year $21,169,768 · end of year $24,045,370