Form 990 for tax year 2024

2a · Program service revenue: Sale of Electricity

total $18,386,852 · related or exempt $18,386,852

2b · Program service revenue: Other Operating

total $54,024 · related or exempt $54,024

3 · Investment income

total $551,192 · excluded $551,192

7a · Gross sales of assets other than inventory

other assets $1,600

7c · Gain or loss

other assets $1,600

7d · Net gain or loss

total $1,600 · excluded $1,600

8c · Net income from fundraising events

total $0

10a · Gross sales of inventory

$31,529

10b · Cost of goods sold

$77,061

10c · Net income from sales of inventory

total -$45,532 · excluded -$45,532

11a · Other revenue: Pole Rental

total $15,420 · excluded $15,420

11e · Other revenue, total

$15,420

4 · Benefits paid to or for members

total $1,102,352

5 · Compensation of officers, directors and key employees

total $562,860

20 · Interest

total $932,844

22 · Depreciation, depletion and amortization

total $1,345,590

24a · Other expenses: Cost of Power

total $11,663,383

24b · Other expenses: Distribution Expenses

total $2,389,785

24c · Other expenses: Administartive & General

total $669,200

24d · Other expenses: Customer Service Expenses

total $395,939

24e · All other expenses

total $8,334

1 · Cash, non-interest-bearing

beginning of year $450 · end of year $450

2 · Savings and temporary cash investments

beginning of year $294,197 · end of year $136,552

4 · Accounts receivable

beginning of year $1,740,896 · end of year $1,879,544

8 · Inventories for sale or use

beginning of year $530,359 · end of year $562,578

9 · Prepaid expenses and deferred charges

beginning of year $68,767 · end of year $80,005

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

$44,094,122

10b · Land, buildings and equipment: accumulated depreciation

$16,055,592

10c · Land, buildings and equipment, net

beginning of year $27,210,149 · end of year $28,038,530

13 · Investments: program-related

beginning of year $7,685,805 · end of year $8,180,544

15 · Other assets

beginning of year $110,737 · end of year $79,925

17 · Accounts payable and accrued expenses

beginning of year $2,066,833 · end of year $2,227,747

19 · Deferred revenue

beginning of year $68,909 · end of year $72,817

23 · Secured mortgages and notes payable

beginning of year $18,288,078 · end of year $18,513,262

24 · Unsecured notes and loans payable

end of year $400,000

29 · Capital stock, trust principal or current funds

beginning of year $16,674,115 · end of year $17,151,670

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

beginning of year $543,425 · end of year $592,632