Form 990 for tax year 2022

2a · Program service revenue: Sale of Electricity

total $17,375,588 · related or exempt $17,375,588

2b · Program service revenue: Other Operating

total $56,339 · related or exempt $56,339

3 · Investment income

total $573,156 · unrelated business -$257 · excluded $573,413

7b · Less cost or other basis and sales expenses

other assets $37,501

7c · Gain or loss

other assets -$37,501

7d · Net gain or loss

total -$37,501 · excluded -$37,501

8c · Net income from fundraising events

total $0

10a · Gross sales of inventory

$28,080

10b · Cost of goods sold

$65,966

10c · Net income from sales of inventory

total -$37,886 · excluded -$37,886

11a · Other revenue: Pole Rental

total $14,670 · excluded $14,670

11b · Other revenue: Misc. Non-Operating

total $30,927 · related or exempt $30,927

11e · Other revenue, total

$45,597

4 · Benefits paid to or for members

total $967,531

5 · Compensation of officers, directors and key employees

total $541,308

20 · Interest

total $799,579

22 · Depreciation, depletion and amortization

total $1,271,728

24a · Other expenses: Taxes

total $7,787

24b · Other expenses: Cost of Power

total $11,375,051

24c · Other expenses: Distribution Expenses

total $2,049,377

24d · Other expenses: Customer Service Expenses

total $348,671

24e · All other expenses

total $577,384

1 · Cash, non-interest-bearing

beginning of year $450 · end of year $450

2 · Savings and temporary cash investments

beginning of year $987,302 · end of year $749,976

4 · Accounts receivable

beginning of year $1,479,300 · end of year $1,816,916

8 · Inventories for sale or use

beginning of year $367,529 · end of year $494,557

9 · Prepaid expenses and deferred charges

beginning of year $71,016 · end of year $69,085

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

$40,763,036

10b · Land, buildings and equipment: accumulated depreciation

$14,448,066

10c · Land, buildings and equipment, net

beginning of year $26,394,261 · end of year $26,314,970

13 · Investments: program-related

beginning of year $6,678,323 · end of year $7,180,208

15 · Other assets

beginning of year $69,728 · end of year $130,631

17 · Accounts payable and accrued expenses

beginning of year $1,906,991 · end of year $2,243,667

19 · Deferred revenue

beginning of year $145,982 · end of year $90,573

23 · Secured mortgages and notes payable

beginning of year $17,902,795 · end of year $17,822,195

29 · Capital stock, trust principal or current funds

beginning of year $15,626,599 · end of year $16,096,799

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

beginning of year $465,542 · end of year $503,559