Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: ELECTRIC SALES

  total $165,749,156 · related or exempt $165,749,156

• 2b · Program service revenue: CIAC

  total $3,166,116 · related or exempt $3,166,116

• 2c · Program service revenue: CAPITAL CR. - CASH REC.

  total $482,182 · related or exempt $482,182

• 2d · Program service revenue: OTHER

  total $6,644 · related or exempt $6,644

• 3 · Investment income

  total $209,351 · excluded $209,351

• 6a · Gross rents

  personal property $353,794

• 6c · Rental income or loss

  personal property $353,794

• 6d · Net rental income or loss

  total $353,794 · excluded $353,794

• 7a · Gross sales of assets other than inventory

  other assets $248,468

• 7c · Gain or loss

  other assets $248,468

• 7d · Net gain or loss

  total $248,468 · excluded $248,468

• 11a · Other revenue: GAIN (LOSS) ON EQUITY INV

  total $232,319 · related or exempt $232,319

• 11b · Other revenue: BILLING SERVICES

  total $169,305 · unrelated business $169,305

• 11c · Other revenue: SALE OF WATER HEATERS

  total $76 · unrelated business $76

• 11e · Other revenue, total

  $401,700

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $1,512,799

• 5 · Compensation of officers, directors and key employees

  total $3,222,561

• 7 · Other salaries and wages

  total $15,043,137

• 8 · Pension plan contributions

  total $3,287,396

• 9 · Other employee benefits

  total $295,478

• 10 · Payroll taxes

  total $1,472,107

• 11b · Fees: legal

  total $66,773

• 17 · Travel

  total $3,197,586

• 19 · Conferences, conventions and meetings

  total $277,154

• 20 · Interest

  total $6,892,598

• 22 · Depreciation, depletion and amortization

  total $14,298,825

• 24a · Other expenses: COST OF POWER

  total $111,586,159

• 24b · Other expenses: ADMIN & GENERAL

  total $7,008,178

• 24c · Other expenses: MAINTENANCE

  total $4,456,870

• 24d · Other expenses: CONSUMER ACCOUNTS

  total $1,912,421

• 24e · All other expenses

  total -$8,599,794

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,027,570 · end of year $2,923,063

• 2 · Savings and temporary cash investments

  beginning of year $953,548 · end of year $1,456,253

• 4 · Accounts receivable

  beginning of year $18,766,445 · end of year $19,502,914

• 7 · Other notes and loans receivable

  beginning of year $1,318,958 · end of year $1,888,125

• 8 · Inventories for sale or use

  beginning of year $5,213,216 · end of year $7,264,472

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,436,289 · end of year $2,141,141

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

  $454,395,482

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

  $149,754,106

• 10c · Land, buildings and equipment, net

  beginning of year $297,659,125 · end of year $304,641,376

• 11 · Investments: publicly traded securities

  beginning of year $1,884,336 · end of year $1,586,955

• 12 · Investments: other securities

  beginning of year $438,885

• 13 · Investments: program-related

  beginning of year $47,138,717 · end of year $50,321,403

• 15 · Other assets

  beginning of year $934,763 · end of year $3,106,772

• 17 · Accounts payable and accrued expenses

  beginning of year $18,200,551 · end of year $23,858,714

• 23 · Secured mortgages and notes payable

  beginning of year $157,479,707 · end of year $161,901,520

• 25 · Other liabilities

  beginning of year $20,136,850 · end of year $23,055,797

• 31 · Retained earnings, endowment or other funds

  beginning of year $182,954,744 · end of year $186,016,443

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4

MICHELLE HEFNER 0 6,600 0 WANDA JONES 0 6,600 0 JEFF ALLEN 0 6,600 0 ANDREA AVERY 0 6,600 0 DEVIN COSTA 0 6,600 0 TIMOTHY SPENCER 0 6,600 0 STEVE GOODSON 0 6,600 0 RICKY MAREADY 0 6,600 0