Form 990 for tax year 2024

2a · Program service revenue: ELECTRICITY SALES

total $52,081,577 · related or exempt $52,081,577

2b · Program service revenue: RENTS FROM ELECTRIC PROPERTY

total $3,852,869 · related or exempt $3,852,869

2c · Program service revenue: CAPITAL CREDITS

total $2,328,994 · related or exempt $2,328,994

2d · Program service revenue: MISC SERVICE REVENUES

total $308,481 · related or exempt $308,481

3 · Investment income

total $49,357 · excluded $49,357

7a · Gross sales of assets other than inventory

other assets $40,375

7b · Less cost or other basis and sales expenses

other assets $28,237

7c · Gain or loss

other assets $12,138

7d · Net gain or loss

total $12,138 · related or exempt $12,138

11a · Other revenue: BROADBAND REVENUE SHARING

total $428,913 · excluded $428,913

11b · Other revenue: GRANT PROCEEDS

total $170,857 · excluded $170,857

11c · Other revenue: MISCELLANEOUS NONPERATING INCOME

total $9,744 · excluded $9,744

11e · Other revenue, total

$609,514

4 · Benefits paid to or for members

total $4,847,863

5 · Compensation of officers, directors and key employees

total $1,299,004

20 · Interest

total $8,258,045

22 · Depreciation, depletion and amortization

total $5,703,504

24a · Other expenses: COST OF POWER

total $27,086,525

24b · Other expenses: MAINTENANCE

total $4,502,633

24c · Other expenses: OPERATIONS

total $3,908,367

24d · Other expenses: GENERAL & ADMINISTRATIV

total $2,356,394

24e · All other expenses

total $2,030,595

1 · Cash, non-interest-bearing

beginning of year $2,764,266 · end of year $2,746,002

4 · Accounts receivable

beginning of year $4,482,770 · end of year $4,944,850

8 · Inventories for sale or use

beginning of year $9,679,067 · end of year $2,329,917

9 · Prepaid expenses and deferred charges

beginning of year $461,679 · end of year $362,791

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

$186,886,664

10b · Land, buildings and equipment: accumulated depreciation

$45,901,782

10c · Land, buildings and equipment, net

beginning of year $113,683,666 · end of year $140,984,882

13 · Investments: program-related

beginning of year $13,155,620 · end of year $15,220,577

15 · Other assets

beginning of year $49,177,541 · end of year $106,875,679

17 · Accounts payable and accrued expenses

beginning of year $13,120,208 · end of year $62,935,265

19 · Deferred revenue

end of year $750,000

23 · Secured mortgages and notes payable

beginning of year $135,585,751 · end of year $161,391,933

25 · Other liabilities

beginning of year $1,219,725 · end of year $1,216,865

29 · Capital stock, trust principal or current funds

beginning of year $72,135 · end of year $71,010

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 $43,406,790 · end of year $47,099,625