Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALE OF POWER

  total $38,068,745 · related or exempt $38,068,745

• 2b · Program service revenue: CAPITAL CREDITS

  total $1,670,972 · related or exempt $1,670,972

• 3 · Investment income

  total $169,388 · excluded $169,388

• 6a · Gross rents

  real property $1,188

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $1,188

• 6d · Net rental income or loss

  total $1,188 · excluded $1,188

• 7a · Gross sales of assets other than inventory

  other assets $28,000

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

  other assets $9,500

• 7c · Gain or loss

  other assets $18,500

• 7d · Net gain or loss

  total $18,500 · excluded $18,500

• 10a · Gross sales of inventory

  $1,873,469

• 10b · Cost of goods sold

  $1,863,144

• 10c · Net income from sales of inventory

  total $10,325 · related or exempt $4,829 · unrelated business $5,496

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $25,899

• 4 · Benefits paid to or for members

  total $3,024,501

• 5 · Compensation of officers, directors and key employees

  total $732,649

• 7 · Other salaries and wages

  total $4,245,975

• 8 · Pension plan contributions

  total $744,108

• 10 · Payroll taxes

  total $363,478

• 20 · Interest

  total $2,101,154

• 22 · Depreciation, depletion and amortization

  total $2,891,134

• 24a · Other expenses: COST OF POWER

  total $24,291,527

• 24b · Other expenses: DISTRIBUTION - MAINTENA

  total $2,161,640

• 24c · Other expenses: DISTRIBUTION - OPERATIO

  total $1,282,872

• 24d · Other expenses: TAXES

  total $557,054

• 24e · All other expenses

  total -$2,938,728

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $3,071,373 · end of year $3,999,911

• 4 · Accounts receivable

  beginning of year $3,361,897 · end of year $3,589,370

• 7 · Other notes and loans receivable

  beginning of year $633,304 · end of year $533,296

• 8 · Inventories for sale or use

  beginning of year $6,265,419 · end of year $7,324,695

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,650,471 · end of year $1,796,096

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

  $113,525,901

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

  $29,504,988

• 10c · Land, buildings and equipment, net

  beginning of year $78,922,784 · end of year $84,020,913

• 12 · Investments: other securities

  beginning of year $93,940 · end of year $78,114

• 13 · Investments: program-related

  beginning of year $24,322,164 · end of year $25,254,068

• 15 · Other assets

  beginning of year $1,006,600 · end of year $6,600

• 17 · Accounts payable and accrued expenses

  beginning of year $4,639,049 · end of year $4,096,904

• 23 · Secured mortgages and notes payable

  beginning of year $63,359,498 · end of year $70,069,789

• 25 · Other liabilities

  beginning of year $1,711,164 · end of year $670,727

• 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 $49,618,241 · end of year $51,765,643

The filer's explanations (Part III)

SCHEDULE J, PART II, COLUMN C

PER THE INSTRUCTIONS, THE AMOUNT REPORTED ON SCHEDULE J, PART II, COLUMN C INCLUDES THE CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN, NOT THE AMOUNT PAID BY THE COOPERATIVE.