Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: Electric Energy Sales

  total $34,816,443 · related or exempt $34,816,443

• 2b · Program service revenue: Rent Electric Property

  total $17,668 · excluded $17,668

• 2c · Program service revenue: Consumer Int & Fees

  total $32,993 · related or exempt $32,993

• 2d · Program service revenue: Capital Credits

  total $1,074,474 · related or exempt $1,074,474

• 2f · All other program service revenue

  total $638,202 · related or exempt $638,202

• 3 · Investment income

  total $214,040 · related or exempt $214,040

• 8c · Net income from fundraising events

  total $0

• 10a · Gross sales of inventory

  $4,638

• 10b · Cost of goods sold

  $3,654

• 10c · Net income from sales of inventory

  total $984 · related or exempt $984

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $3,549,848

• 5 · Compensation of officers, directors and key employees

  total $1,148,524

• 7 · Other salaries and wages

  total $2,222,399

• 8 · Pension plan contributions

  total $1,299,966

• 9 · Other employee benefits

  total $459,009

• 10 · Payroll taxes

  total $399,090

• 11b · Fees: legal

  total $13,561

• 11c · Fees: accounting

  total $21,426

• 13 · Office expenses

  total $349,724

• 14 · Information technology

  total $365,099

• 19 · Conferences, conventions and meetings

  total $139,876

• 20 · Interest

  total $1,698,272

• 22 · Depreciation, depletion and amortization

  total $3,004,904

• 23 · Insurance

  total $166,186

• 24a · Other expenses: Purchased Power

  total $18,850,054

• 24b · Other expenses: Operations

  total $455,093

• 24c · Other expenses: Maintenance

  total $1,166,179

• 24d · Other expenses: Property Taxes

  total $977,609

• 24e · All other expenses

  total $507,985

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $847,347 · end of year $1,110,290

• 2 · Savings and temporary cash investments

  beginning of year $962 · end of year $8,105,790

• 4 · Accounts receivable

  beginning of year $4,769,602 · end of year $4,652,456

• 8 · Inventories for sale or use

  beginning of year $3,991,769 · end of year $4,644,031

• 9 · Prepaid expenses and deferred charges

  beginning of year $643,239 · end of year $291,589

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

  $114,388,497

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

  $32,090,954

• 10c · Land, buildings and equipment, net

  beginning of year $80,212,159 · end of year $82,297,543

• 13 · Investments: program-related

  beginning of year $27,124,348 · end of year $27,118,849

• 17 · Accounts payable and accrued expenses

  beginning of year $2,690,563 · end of year $2,639,472

• 23 · Secured mortgages and notes payable

  beginning of year $55,708,238 · end of year $66,502,510

• 24 · Unsecured notes and loans payable

  beginning of year $1,735,158

• 25 · Other liabilities

  beginning of year $1,192,848 · end of year $1,232,801

• 31 · Retained earnings, endowment or other funds

  beginning of year $56,262,619 · end of year $57,845,765

The filer's explanations (Part III)

Part I, Line 4b

Tom Ruth $22,999.98 457B

Part I, Line 4b

contributions