Form 990 for tax year 2023

2a · Program service revenue: Sale of Electricity

total $17,776,391 · related or exempt $17,776,391

2b · Program service revenue: Other Operating

total $56,823 · related or exempt $56,823

3 · Investment income

total $588,544 · excluded $588,544

7a · Gross sales of assets other than inventory

other assets $57,000

7b · Less cost or other basis and sales expenses

other assets $40,960

7c · Gain or loss

other assets $16,040

7d · Net gain or loss

total $16,040 · excluded $16,040

8c · Net income from fundraising events

total $0

10a · Gross sales of inventory

$36,575

10b · Cost of goods sold

$87,664

10c · Net income from sales of inventory

total -$51,089 · excluded -$51,089

11a · Other revenue: Pole Rental

total $15,320 · excluded $15,320

11b · Other revenue: Misc. Non-Operating

total $2,227 · related or exempt $2,227

11e · Other revenue, total

$17,547

4 · Benefits paid to or for members

total $1,005,473

5 · Compensation of officers, directors and key employees

total $534,577

20 · Interest

total $888,609

22 · Depreciation, depletion and amortization

total $1,297,695

24a · Other expenses: Cost of Power

total $11,435,574

24b · Other expenses: Distribution Expenses

total $2,160,297

24c · Other expenses: Administrative & General

total $610,973

24d · Other expenses: Customer Service Expenses

total $367,045

24e · All other expenses

total $7,656

1 · Cash, non-interest-bearing

beginning of year $450 · end of year $450

2 · Savings and temporary cash investments

beginning of year $749,976 · end of year $294,197

4 · Accounts receivable

beginning of year $1,816,916 · end of year $1,740,896

8 · Inventories for sale or use

beginning of year $494,557 · end of year $530,359

9 · Prepaid expenses and deferred charges

beginning of year $69,085 · end of year $68,767

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

$42,261,898

10b · Land, buildings and equipment: accumulated depreciation

$15,051,749

10c · Land, buildings and equipment, net

beginning of year $26,314,970 · end of year $27,210,149

13 · Investments: program-related

beginning of year $7,180,208 · end of year $7,685,805

15 · Other assets

beginning of year $130,631 · end of year $110,737

17 · Accounts payable and accrued expenses

beginning of year $2,243,667 · end of year $2,066,833

19 · Deferred revenue

beginning of year $90,573 · end of year $68,909

23 · Secured mortgages and notes payable

beginning of year $17,822,195 · end of year $18,288,078

29 · Capital stock, trust principal or current funds

beginning of year $16,096,799 · end of year $16,674,115

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

beginning of year $503,559 · end of year $543,425