Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALE OF ELECTRIC ENERGY

  total $90,648,566 · related or exempt $90,648,566

• 3 · Investment income

  total $311,520 · excluded $311,520

• 7b · Less cost or other basis and sales expenses

  other assets $2,024

• 7c · Gain or loss

  other assets -$2,024

• 7d · Net gain or loss

  total -$2,024 · related or exempt -$2,024

• 11a · Other revenue: JOINT USE POLE ATTACHMENT

  total $737,667 · excluded $737,667

• 11b · Other revenue: PATRONAGE CAPITAL CREDITS

  total $474,329 · related or exempt $474,329

• 11e · Other revenue, total

  $1,211,996

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $10,000 · program services $10,000

• 4 · Benefits paid to or for members

  total $848,797 · program services $848,797

• 5 · Compensation of officers, directors and key employees

  total $1,018,984 · program services $1,018,984

• 7 · Other salaries and wages

  total $5,982,826 · program services $5,982,826

• 8 · Pension plan contributions

  total $1,425,656 · program services $1,425,656

• 9 · Other employee benefits

  total $1,139,190 · program services $1,139,190

• 10 · Payroll taxes

  total $627,838 · program services $627,838

• 11b · Fees: legal

  total $51,029 · program services $51,029

• 11c · Fees: accounting

  total $12,500 · program services $12,500

• 13 · Office expenses

  total $111,308 · program services $111,308

• 20 · Interest

  total $2,660,893 · program services $2,660,893

• 22 · Depreciation, depletion and amortization

  total $7,459,544 · program services $7,459,544

• 23 · Insurance

  total $256,224 · program services $256,224

• 24a · Other expenses: COST OF POWER

  total $65,791,745 · program services $65,791,745

• 24b · Other expenses: DISTRIBUTION - MAINTENA

  total $6,212,318 · program services $6,212,318

• 24c · Other expenses: DISTRIBUTION - OPERATIO

  total $4,053,640 · program services $4,053,640

• 24d · Other expenses: ADMINISTRATIVE AND GENE

  total $3,951,218 · program services $3,951,218

• 24e · All other expenses

  total -$9,443,652 · program services -$9,443,652

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,044,605 · end of year $3,352,953

• 4 · Accounts receivable

  beginning of year $7,784,977 · end of year $5,819,331

• 8 · Inventories for sale or use

  beginning of year $3,289,347 · end of year $4,141,953

• 9 · Prepaid expenses and deferred charges

  beginning of year $462,080 · end of year $441,427

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

  $216,447,433

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

  $82,292,796

• 10c · Land, buildings and equipment, net

  beginning of year $127,893,603 · end of year $134,154,637

• 13 · Investments: program-related

  beginning of year $4,025,870 · end of year $4,352,511

• 15 · Other assets

  beginning of year $7,245,595 · end of year $6,005,817

• 17 · Accounts payable and accrued expenses

  beginning of year $9,611,439 · end of year $6,801,079

• 23 · Secured mortgages and notes payable

  beginning of year $87,560,183 · end of year $92,765,710

• 25 · Other liabilities

  beginning of year $9,287,933 · end of year $6,815,399

• 29 · Capital stock, trust principal or current funds

  beginning of year $100,925 · end of year $96,500

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

  beginning of year $80,204 · end of year $835,750

• 31 · Retained earnings, endowment or other funds

  beginning of year $50,105,393 · end of year $50,954,191

The filer's explanations (Part III)

PART I, LINE 1A

SOCIAL CLUB DUES OF $2,735 WERE PAID ON GREG GRISSOM'S BEHALF DURING 2023.

PART I, LINE 1B

NO WRITTEN POLICY IS IN PLACE REGARDING PAYMENT OR REIMBURSEMENT OF THE EXPENSES DESCRIBED ABOVE; HOWEVER, SUBSTANTIATION IS REQUIRED PRIOR TO REIMBURSEMENT.