Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALES OF ELECTRICITY

  total $77,579,680 · related or exempt $77,579,680

• 2b · Program service revenue: PATRONAGE DIVIDENDS

  total $2,715,471 · excluded $2,715,471

• 3 · Investment income

  total $193,840 · excluded $193,840

• 6a · Gross rents

  real property $192,410

• 6c · Rental income or loss

  real property $192,410

• 6d · Net rental income or loss

  total $192,410 · excluded $192,410

• 7a · Gross sales of assets other than inventory

  other assets $84,746

• 7c · Gain or loss

  other assets $84,746

• 7d · Net gain or loss

  total $84,746 · excluded $84,746

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $5,350,146

• 5 · Compensation of officers, directors and key employees

  total $1,603,467

• 7 · Other salaries and wages

  total $1,460,213

• 20 · Interest

  total $2,854,290

• 22 · Depreciation, depletion and amortization

  total $6,955,459

• 24a · Other expenses: COST OF POWER

  total $46,719,697

• 24b · Other expenses: DISTRIBUTION

  total $10,771,512

• 24c · Other expenses: CONSUMER EXPENSE

  total $2,896,212

• 24d · Other expenses: TAXES

  total $1,517,032

• 24e · All other expenses

  total $638,119

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,100,429 · end of year $944,856

• 2 · Savings and temporary cash investments

  beginning of year $7,736,082 · end of year $1,147,921

• 4 · Accounts receivable

  beginning of year $6,348,174 · end of year $7,574,508

• 8 · Inventories for sale or use

  beginning of year $1,423,651 · end of year $1,872,812

• 9 · Prepaid expenses and deferred charges

  beginning of year $74,578 · end of year $96,663

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

  $213,579,973

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

  $59,183,530

• 10c · Land, buildings and equipment, net

  beginning of year $146,748,406 · end of year $154,396,443

• 13 · Investments: program-related

  beginning of year $42,888,050 · end of year $44,836,167

• 15 · Other assets

  beginning of year $537,745 · end of year $42,144

• 17 · Accounts payable and accrued expenses

  beginning of year $10,789,317 · end of year $12,401,789

• 23 · Secured mortgages and notes payable

  beginning of year $103,411,581 · end of year $99,431,266

• 25 · Other liabilities

  beginning of year $8,787,986 · end of year $9,475,209

• 29 · Capital stock, trust principal or current funds

  beginning of year $897,785 · end of year $902,060

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

  beginning of year $1,800,804 · end of year $4,072,739

• 31 · Retained earnings, endowment or other funds

  beginning of year $82,169,642 · end of year $84,628,451

The filer's explanations (Part III)

SCHEDULE J, PART III

PART II, COLUMN C: INCLUDED IN THIS AMOUNT IS THE INCREASE OR DECREASE IN ACTUARIAL VALUE OF RS DEFINED BENEFIT PENSION PLAN. THIS INCREASE OR DECREASE DOES NOT REPRESENT CASH PAYMENTS UNDER THE PLAN.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• VERDIGRIS VALLEY SERVICES

  INACTIVE · OK · 100% owned

• VERDIGRIS VALLEY ECONOMIC DEVELOPMENT

  INACTIVE · OK · 100% owned · share of assets $23,188