Form 990 for tax year 2024

2a · Program service revenue: SALE OF ELECTRICITY

total $46,489,545 · related or exempt $46,489,545

3 · Investment income

total $225,379 · related or exempt $225,379

11a · Other revenue: G & T CAPITAL CREDITS

total $1,577,490 · related or exempt $1,577,490

11b · Other revenue: OTHER CAPITAL CREDITS

total $392,907 · related or exempt $392,907

11e · Other revenue, total

$1,970,397

4 · Benefits paid to or for members

total $2,196,379

5 · Compensation of officers, directors and key employees

total $806,069

7 · Other salaries and wages

total $232,452

9 · Other employee benefits

total $14,560

11b · Fees: legal

total $20,409

11c · Fees: accounting

total $28,965

11g · Fees: other

total $196,573

13 · Office expenses

total $49,604

14 · Information technology

total $73,419

19 · Conferences, conventions and meetings

total $34,006

20 · Interest

total $1,960,196

22 · Depreciation, depletion and amortization

total $4,008,539

23 · Insurance

total $88,863

24a · Other expenses: COST OF PURCHASED POWER

total $26,608,786

24b · Other expenses: DISTRIBUTION EXPENSE-OP

total $3,254,213

24c · Other expenses: DISTRIBUTION EXPENSE- M

total $2,099,554

24d · Other expenses: PROPERTY TAXES

total $932,000

24e · All other expenses

total $1,504,005

1 · Cash, non-interest-bearing

beginning of year $897,016 · end of year $85,973

2 · Savings and temporary cash investments

beginning of year $632,570 · end of year $695,407

4 · Accounts receivable

beginning of year $3,357,353 · end of year $4,652,111

7 · Other notes and loans receivable

beginning of year $17,042 · end of year $93,790

8 · Inventories for sale or use

beginning of year $4,052,778 · end of year $4,397,076

9 · Prepaid expenses and deferred charges

beginning of year $89,746 · end of year $100,212

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

$118,958,911

10b · Land, buildings and equipment: accumulated depreciation

$37,898,249

10c · Land, buildings and equipment, net

beginning of year $77,196,439 · end of year $81,060,662

12 · Investments: other securities

beginning of year $13,897,136 · end of year $15,286,834

17 · Accounts payable and accrued expenses

beginning of year $2,455,953 · end of year $3,050,618

23 · Secured mortgages and notes payable

beginning of year $45,682,041 · end of year $46,168,897

25 · Other liabilities

beginning of year $1,765,360 · end of year $2,339,095

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 $50,236,726 · end of year $54,813,455