Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALE OF POWER

  total $17,334,160 · related or exempt $17,334,160

• 2b · Program service revenue: CAPITAL CREDITS

  total $1,137,802 · related or exempt $1,137,802

• 2c · Program service revenue: OTHER OPERATING

  total $551,389 · related or exempt $551,389

• 2d · Program service revenue: OTHER NON-OPERATING

  total -$12,381 · related or exempt -$12,381

• 3 · Investment income

  total $132,243 · excluded $132,243

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $21,000

• 4 · Benefits paid to or for members

  total $2,014,614

• 5 · Compensation of officers, directors and key employees

  total $399,855

• 7 · Other salaries and wages

  total $2,623,524

• 8 · Pension plan contributions

  total $579,424

• 10 · Payroll taxes

  total $212,537

• 20 · Interest

  total $983,818

• 22 · Depreciation, depletion and amortization

  total $1,707,996

• 24a · Other expenses: COST OF POWER

  total $9,076,286

• 24b · Other expenses: ADMIN & GENERAL

  total $1,601,530

• 24c · Other expenses: DISTRIBUTION-OPERATIONS

  total $1,573,819

• 24d · Other expenses: DISTRIBUTION-MAINTENANC

  total $770,261

• 24e · All other expenses

  total -$2,644,775

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $214,530 · end of year $1,968,577

• 4 · Accounts receivable

  beginning of year $1,542,360 · end of year $3,517,368

• 7 · Other notes and loans receivable

  beginning of year $243,550 · end of year $71,389

• 8 · Inventories for sale or use

  beginning of year $1,571,652 · end of year $2,066,362

• 9 · Prepaid expenses and deferred charges

  beginning of year $52,468 · end of year $89,138

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

  $66,448,832

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

  $31,996,392

• 10c · Land, buildings and equipment, net

  beginning of year $34,700,242 · end of year $34,452,440

• 11 · Investments: publicly traded securities

  beginning of year $5,993,016 · end of year $6,851,812

• 12 · Investments: other securities

  beginning of year $230,673

• 13 · Investments: program-related

  beginning of year $7,953,101 · end of year $8,840,886

• 15 · Other assets

  beginning of year $950,094 · end of year $950,094

• 17 · Accounts payable and accrued expenses

  beginning of year $2,022,642 · end of year $2,019,202

• 23 · Secured mortgages and notes payable

  beginning of year $27,624,499 · end of year $32,519,182

• 24 · Unsecured notes and loans payable

  beginning of year $345,310 · end of year $345,310

• 25 · Other liabilities

  beginning of year $2,698,280 · end of year $1,729,899

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

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

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $20,760,955 · end of year $22,194,473

The filer's explanations (Part III)

SCHEDULE J, PART II, COLUMN (C)

PART II COLUMN (C) INCLUDES THE CHANGE IN ACTUARIAL VALUE IN THE DEFINED BENEFIT PLAN FOR ALL PERSONS INCLUDED ON SCHEDULE J. THE ACTUAL CONTRIBUTIONS TO THE DEFINED BENEFIT PLAN FOR EACH RESPECTIVE EMPLOYEE ARE NOT INCLUDIBLE IN COLUMN (C).