Form 990 for tax year 2023

2a · Program service revenue: ELECTRIC SERVICE FEES

total $8,786,673 · related or exempt $8,786,673

3 · Investment income

total $3,079 · excluded $3,079

11a · Other revenue: PATRONAGE CAPITAL

total $64,051 · related or exempt $64,051

11e · Other revenue, total

$64,051

5 · Compensation of officers, directors and key employees

total $418,174

7 · Other salaries and wages

total $90,114

9 · Other employee benefits

total $9,249

11b · Fees: legal

total $71,406

11c · Fees: accounting

total $157,287

11g · Fees: other

total $35,856

12 · Advertising and promotion

total $9,332

14 · Information technology

total $94,010

16 · Occupancy

total $179,806

17 · Travel

total $41,940

19 · Conferences, conventions and meetings

total $242,908

20 · Interest

total $235,518

22 · Depreciation, depletion and amortization

total $998,351

23 · Insurance

total $26,398

24a · Other expenses: POWER PRODUCTION

total $5,815,651

24b · Other expenses: DISTRIBUTION

total $339,456

24c · Other expenses: CONSUMER ACCOUNTS

total $287,702

24d · Other expenses: ADMINISTRATIVE & GENERA

total $144,005

24e · All other expenses

total $10,753

1 · Cash, non-interest-bearing

beginning of year $800,779 · end of year $401,755

2 · Savings and temporary cash investments

beginning of year $334,012 · end of year $166,385

3 · Pledges and grants receivable

beginning of year $932,905 · end of year $753,556

4 · Accounts receivable

beginning of year $1,154,762 · end of year $1,203,179

8 · Inventories for sale or use

beginning of year $4,229,889 · end of year $3,765,591

9 · Prepaid expenses and deferred charges

beginning of year $992,365 · end of year $2,369,364

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

$30,248,088

10b · Land, buildings and equipment: accumulated depreciation

$23,807,834

10c · Land, buildings and equipment, net

beginning of year $7,901,054 · end of year $6,440,254

13 · Investments: program-related

beginning of year $1,807,067 · end of year $1,845,503

15 · Other assets

beginning of year $199,189 · end of year $764,882

17 · Accounts payable and accrued expenses

beginning of year $533,143 · end of year $570,817

19 · Deferred revenue

beginning of year $43,880 · end of year $206,638

23 · Secured mortgages and notes payable

beginning of year $6,840,873 · end of year $6,195,648

24 · Unsecured notes and loans payable

beginning of year $3,098,840 · end of year $2,700,000

25 · Other liabilities

beginning of year $181,510 · end of year $737,513

29 · Capital stock, trust principal or current funds

beginning of year $8,371 · end of year $8,090

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

beginning of year $128,824 · end of year $46,870

31 · Retained earnings, endowment or other funds

beginning of year $7,516,581 · end of year $7,244,893