Form 990 for tax year 2024

1e · Government grants (contributions)

$906,879

2a · Program service revenue: ELECTRIC REVENUE

total $23,702,761 · related or exempt $23,702,761

2b · Program service revenue: HEAT REVENUE

total $2,615,843 · related or exempt $2,615,843

2c · Program service revenue: ASG PATRONAGE MARGIN

total $360,342 · related or exempt $360,342

2d · Program service revenue: PATRONAGE CAPITAL

total $115,727 · related or exempt $115,727

3 · Investment income

total $327,297 · excluded $327,297

6a · Gross rents

real property $71,656

6b · Less rental expenses

real property $0

6c · Rental income or loss

real property $71,656

6d · Net rental income or loss

total $71,656 · excluded $71,656

11a · Other revenue: REFUND FROM SEAPA

total $402,884 · excluded $402,884

11e · Other revenue, total

$402,884

1 · Grants to domestic organizations and governments

total $71,700 · program services $71,700

5 · Compensation of officers, directors and key employees

total $619,917 · management and general $619,917

7 · Other salaries and wages

total $5,172,988 · program services $5,172,988

8 · Pension plan contributions

total $1,362,084 · program services $1,362,084

9 · Other employee benefits

total $505,371 · program services $505,371

10 · Payroll taxes

total $1,575,280 · program services $1,575,280

11c · Fees: accounting

total $108,470 · management and general $108,470

12 · Advertising and promotion

total $61,830 · program services $61,830

13 · Office expenses

total $48,163 · program services $48,163

20 · Interest

total $1,769,454 · program services $1,769,454

22 · Depreciation, depletion and amortization

total $3,788,040 · program services $3,788,040

23 · Insurance

total $853,357 · program services $853,357

24a · Other expenses: DIESEL

total $8,081,122 · program services $8,081,122

24b · Other expenses: ADMINISTRATIVE & GENERA

total $3,041,557 · management and general $3,041,557

24c · Other expenses: GROSS RECEIPTS TAX

total $41,860 · program services $41,860

24d · Other expenses: MAINTENANCE EXPENSE

total $20,777 · program services $20,777

1 · Cash, non-interest-bearing

beginning of year $700 · end of year $700

2 · Savings and temporary cash investments

beginning of year $8,227,651 · end of year $6,704,106

4 · Accounts receivable

beginning of year $2,283,537 · end of year $1,781,272

7 · Other notes and loans receivable

beginning of year -$35,968

8 · Inventories for sale or use

beginning of year $2,950,121 · end of year $3,584,422

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

$141,359,405

10b · Land, buildings and equipment: accumulated depreciation

$70,991,458

10c · Land, buildings and equipment, net

beginning of year $69,047,510 · end of year $70,367,947

12 · Investments: other securities

beginning of year $1,517,062 · end of year $1,571,489

14 · Intangible assets

beginning of year $9,000 · end of year $9,000

15 · Other assets

beginning of year $2,378,507 · end of year $2,439,178

17 · Accounts payable and accrued expenses

beginning of year $2,293,978 · end of year $2,164,557

19 · Deferred revenue

end of year $31,455

23 · Secured mortgages and notes payable

beginning of year $46,106,832 · end of year $48,094,483

25 · Other liabilities

beginning of year $13,774,225 · end of year $12,136,567

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 $2,985 · end of year $2,985

31 · Retained earnings, endowment or other funds

beginning of year $24,200,100 · end of year $24,028,067