Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALES OF ELECTRICITY

  total $42,769,900 · related or exempt $42,769,900

• 2b · Program service revenue: PATRONAGE DIVIDENDS

  total $2,734,799 · related or exempt $2,734,799

• 2c · Program service revenue: SERVICE FEES

  total $89,645 · related or exempt $89,645

• 3 · Investment income

  total $114,539 · excluded $114,539

• 6a · Gross rents

  real property $1,500

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $1,500

• 6d · Net rental income or loss

  total $1,500 · excluded $1,500

• 7a · Gross sales of assets other than inventory

  other assets $135,175

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

  other assets $0

• 7c · Gain or loss

  other assets $135,175

• 7d · Net gain or loss

  total $135,175 · related or exempt $135,175

• 10a · Gross sales of inventory

  $41,594

• 10b · Cost of goods sold

  $36,304

• 10c · Net income from sales of inventory

  total $5,290 · related or exempt $5,090 · unrelated business $200

• 11a · Other revenue: POLE ATTACHMENT INCOME

  total $272,600 · excluded $272,600

• 11b · Other revenue: SECURITY SYSTEM REVENUE

  total $1,460 · unrelated business $1,460

• 11e · Other revenue, total

  $274,060

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $11,904

• 4 · Benefits paid to or for members

  total $1,031,144

• 5 · Compensation of officers, directors and key employees

  total $1,313,415

• 7 · Other salaries and wages

  total $2,903,288

• 8 · Pension plan contributions

  total $312,194

• 9 · Other employee benefits

  total $888,392

• 10 · Payroll taxes

  total $265,566

• 20 · Interest

  total $1,063,800

• 22 · Depreciation, depletion and amortization

  total $2,616,958

• 24a · Other expenses: PURCHASED POWER

  total $29,898,838

• 24b · Other expenses: DISTRIBUTION EXPENSE

  total $1,583,383

• 24c · Other expenses: ADMIN & GENERAL EXPENSE

  total $762,561

• 24d · Other expenses: CONSUMER EXPENSE

  total $509,350

• 24e · All other expenses

  total $637,035

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $737,059 · end of year $1,193,346

• 2 · Savings and temporary cash investments

  beginning of year $2,334,001 · end of year $3,029,404

• 4 · Accounts receivable

  beginning of year $2,736,154 · end of year $2,679,995

• 7 · Other notes and loans receivable

  end of year $17,495

• 8 · Inventories for sale or use

  beginning of year $5,153,941 · end of year $6,221,223

• 9 · Prepaid expenses and deferred charges

  beginning of year $941,568 · end of year $889,141

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

  $97,255,709

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

  $48,151,137

• 10c · Land, buildings and equipment, net

  beginning of year $46,636,401 · end of year $49,104,572

• 13 · Investments: program-related

  beginning of year $5,011,813 · end of year $7,349,448

• 17 · Accounts payable and accrued expenses

  beginning of year $4,518,742 · end of year $4,733,397

• 21 · Escrow or custodial account liability

  beginning of year $1,031,604 · end of year $1,165,118

• 23 · Secured mortgages and notes payable

  beginning of year $19,765,848 · end of year $24,318,935

• 25 · Other liabilities

  beginning of year $1,978,942 · end of year $2,033,636

• 29 · Capital stock, trust principal or current funds

  beginning of year $23,860 · end of year $23,860

• 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 $36,231,941 · end of year $38,209,678

The filer's explanations (Part III)

PART I, LINE 1A

PURSUANT TO APPLICABLE TRAVEL POLICIES, THE COOPERATIVE WILL REIMBURSE DIRECTORS AND EMPLOYEES FOR THE COST OF HIS/HER SPOUSE TO ACCOMPANY HIM/HER ON OFFICIAL BUSINESS OF THE COOPERATIVE. FOUR INDIVIDUALS REPORTED ON FORM 990 PART VII, DIRECTORS ANDERSON, NIMAN, AND ROBISON, AS WELL AS KEVIN ROBISON, CEO, RECEIVED THIS BENEFIT DURING THE YEAR.