Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALE OF POWER

  total $18,586,931 · related or exempt $18,586,931

• 2b · Program service revenue: CAPITAL CREDITS

  total $105,955 · related or exempt $105,955

• 2f · All other program service revenue

  total $22,016 · excluded $22,016

• 3 · Investment income

  total $147,197 · excluded $147,197

• 7a · Gross sales of assets other than inventory

  other assets $126,609

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

  other assets $3,254

• 7c · Gain or loss

  other assets $123,355

• 7d · Net gain or loss

  total $123,355 · excluded $123,355

• 10a · Gross sales of inventory

  $24,882

• 10b · Cost of goods sold

  $6,070

• 10c · Net income from sales of inventory

  total $18,812 · related or exempt $18,812

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $9,289

• 2 · Grants to domestic individuals

  total $9,000

• 4 · Benefits paid to or for members

  total $669,178

• 5 · Compensation of officers, directors and key employees

  total $644,519

• 7 · Other salaries and wages

  total $2,062,112

• 8 · Pension plan contributions

  total $452,900

• 10 · Payroll taxes

  total $228,651

• 11a · Fees: management

  total $43,771

• 11b · Fees: legal

  total $31,950

• 11c · Fees: accounting

  total $30,395

• 11g · Fees: other

  total $56,681

• 12 · Advertising and promotion

  total $64,793

• 13 · Office expenses

  total $70,957

• 19 · Conferences, conventions and meetings

  total $18,377

• 20 · Interest

  total $1,225,681

• 22 · Depreciation, depletion and amortization

  total $2,147,593

• 24a · Other expenses: COST OF POWER

  total $9,164,742

• 24b · Other expenses: DISTRIBUTION-OPERATIONS

  total $1,044,793

• 24c · Other expenses: DISTRIBUTION-MAINTENANC

  total $558,156

• 24d · Other expenses: ADMIN AND GENERAL

  total $243,854

• 24e · All other expenses

  total $226,874

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $5,479,429 · end of year $2,655,864

• 4 · Accounts receivable

  beginning of year $1,402,309 · end of year $1,747,843

• 8 · Inventories for sale or use

  beginning of year $330,587 · end of year $288,913

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,094,109 · end of year $890,078

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

  $68,401,603

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

  $17,357,682

• 10c · Land, buildings and equipment, net

  beginning of year $47,020,196 · end of year $51,043,921

• 12 · Investments: other securities

  beginning of year $2,359,559 · end of year $1,963,553

• 13 · Investments: program-related

  beginning of year $6,010,015 · end of year $6,082,476

• 14 · Intangible assets

  beginning of year $1,439 · end of year $1,439

• 15 · Other assets

  beginning of year $84,588 · end of year $10,939

• 17 · Accounts payable and accrued expenses

  beginning of year $1,770,641 · end of year $1,662,676

• 23 · Secured mortgages and notes payable

  beginning of year $36,607,335 · end of year $37,002,898

• 25 · Other liabilities

  beginning of year $427,826 · end of year $488,833

• 29 · Capital stock, trust principal or current funds

  beginning of year $125,760 · end of year $127,360

• 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 $24,850,669 · end of year $25,403,259

The filer's explanations (Part III)

FORM 990, SCHEDULE J, PART II, COLUMN C

INCLUDED IN PART II, COLUMN C, IS THE CHANGE IN ACTUARIAL VALUE OF A DEFINED BENEFIT PLAN TOTALING $46,288 FOR MICHAEL M. MORTON, $20,351 FOR JEROD CHAFFEE, $14,098 FOR AARON MASSIE, $6,484 FOR TRISHA BRADLEY, AND $15,926 FOR TIM WOLF. ACTUAL CONTRIBUTIONS TO THE PLAN BY THE COOPERATIVE TOTALED $33,264 FOR MICHAEL M. MORTON, $18,326 FOR JEROD CHAFFEE, $15,270 FOR AARON MASSIE, $19,712 FOR TRISHA BRADLEY, AND $15,087 FOR TIM WOLF.