Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALE OF ELECTRICITY

  total $12,335,746 · related or exempt $12,335,746

• 2b · Program service revenue: OTHER OPERATING

  total $611,261 · related or exempt $611,261

• 2c · Program service revenue: COOP CAPITAL CREDITS

  total $430,756 · related or exempt $430,756

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

  total $5,437 · related or exempt $5,437

• 3 · Investment income

  total $290,725 · excluded $290,725

• 7a · Gross sales of assets other than inventory

  other assets $46,660

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

  other assets $0

• 7c · Gain or loss

  other assets $46,660

• 7d · Net gain or loss

  total $46,660 · excluded $46,660

• 10a · Gross sales of inventory

  $792,128

• 10b · Cost of goods sold

  $725,651

• 10c · Net income from sales of inventory

  total $66,477 · related or exempt $62,805 · unrelated business $3,672

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $13,500

• 4 · Benefits paid to or for members

  total $1,080,633

• 5 · Compensation of officers, directors and key employees

  total $437,095

• 7 · Other salaries and wages

  total $3,736,256

• 8 · Pension plan contributions

  total $782,587

• 10 · Payroll taxes

  total $302,675

• 20 · Interest

  total $1,202,614

• 22 · Depreciation, depletion and amortization

  total $1,930,501

• 24a · Other expenses: COST OF POWER

  total $4,879,139

• 24b · Other expenses: DISTRIBUTION-MAINTENANC

  total $974,988

• 24c · Other expenses: DISTRIBUTION-OPERATIONS

  total $678,147

• 24d · Other expenses: CUSTOMER ACCOUNTS

  total $343,324

• 24e · All other expenses

  total -$2,983,697

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $8,543,004 · end of year $6,179,922

• 4 · Accounts receivable

  beginning of year $1,553,448 · end of year $1,475,593

• 7 · Other notes and loans receivable

  beginning of year $25,786 · end of year $21,295

• 8 · Inventories for sale or use

  beginning of year $1,371,032 · end of year $1,513,031

• 9 · Prepaid expenses and deferred charges

  beginning of year $227,280 · end of year $192,590

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

  $71,918,971

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

  $25,130,753

• 10c · Land, buildings and equipment, net

  beginning of year $46,337,534 · end of year $46,788,218

• 12 · Investments: other securities

  beginning of year $24,935 · end of year $24,627

• 13 · Investments: program-related

  beginning of year $7,534,092 · end of year $7,560,865

• 15 · Other assets

  beginning of year $504,375 · end of year $522,786

• 17 · Accounts payable and accrued expenses

  beginning of year $1,556,297 · end of year $920,748

• 23 · Secured mortgages and notes payable

  beginning of year $38,890,078 · end of year $36,930,176

• 25 · Other liabilities

  beginning of year $1,079,712 · end of year $1,395,011

• 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 $24,595,399 · end of year $25,032,992

The filer's explanations (Part III)

PART I, LINE 1A

THE CORPORATION PROVIDES A HOUSE FOR THE GENERAL MANAGER TO LIVE IN.

SCHEDULE J PART II

COLUMN C INCLUDES THE ESTIMATED CURRENT YEAR INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN. THE CURRENT YEAR INCREASE OR DECREASE DOES NOT REPRESENT CURRENT YEAR CONTRIBUTIONS TO THE PLAN. RATHER, IT IS AN ESTIMATE OF THE INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE PLAN AS CALCULATED BY THE PLAN ADMINISTRATOR.