Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALE OF ELECTRICITY

  total $228,120,349 · related or exempt $228,120,349

• 2b · Program service revenue: MISCELLANEOUS

  total $4,060,933 · related or exempt $4,060,933

• 2c · Program service revenue: POLE RENTAL

  total $2,069,463 · excluded $2,069,463

• 2d · Program service revenue: DARK FIBER

  total $148,366 · excluded $148,366

• 3 · Investment income

  total $493,270 · excluded $493,270

• 7a · Gross sales of assets other than inventory

  other assets $8,142,431

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

  other assets $4,199,776

• 7c · Gain or loss

  other assets $3,942,655

• 7d · Net gain or loss

  total $3,942,655 · related or exempt $3,942,655

• 11a · Other revenue: PATRONAGE CAPITAL REFUND

  total $314,200 · related or exempt $314,200

• 11e · Other revenue, total

  $314,200

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $14,983,837

• 5 · Compensation of officers, directors and key employees

  total $1,902,284

• 7 · Other salaries and wages

  total $9,547,221

• 8 · Pension plan contributions

  total $4,222,262

• 9 · Other employee benefits

  total $3,054,879

• 10 · Payroll taxes

  total $1,014,890

• 11a · Fees: management

  total $91,290

• 11b · Fees: legal

  total $49,689

• 11c · Fees: accounting

  total $35,999

• 11g · Fees: other

  total $347,657

• 12 · Advertising and promotion

  total $169,584

• 13 · Office expenses

  total $376,750

• 14 · Information technology

  total $602,860

• 19 · Conferences, conventions and meetings

  total $287,936

• 20 · Interest

  total $2,984,109

• 22 · Depreciation, depletion and amortization

  total $13,070,785

• 23 · Insurance

  total $396,502

• 24a · Other expenses: COST OF ELECTRICITY SOLD

  total $166,100,012

• 24b · Other expenses: DISTRIB. MAINTENANCE EXP.

  total $13,013,402

• 24c · Other expenses: DISTRIB. OPERATIONS EXP.

  total $4,016,286

• 24d · Other expenses: ADMIN. AND GENERAL EXPENS

  total $2,105,292

• 24e · All other expenses

  total $775,710

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,225,330 · end of year $1,709,954

• 2 · Savings and temporary cash investments

  beginning of year $12,886,454 · end of year $7,151,120

• 4 · Accounts receivable

  beginning of year $12,608,013 · end of year $14,883,363

• 7 · Other notes and loans receivable

  beginning of year $3,216,058 · end of year $8,773,082

• 8 · Inventories for sale or use

  beginning of year $4,259,412 · end of year $4,502,092

• 9 · Prepaid expenses and deferred charges

  beginning of year $251,154 · end of year $297,378

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

  $409,079,476

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

  $139,571,572

• 10c · Land, buildings and equipment, net

  beginning of year $254,631,625 · end of year $269,507,904

• 15 · Other assets

  beginning of year $8,379,889 · end of year $10,710,740

• 17 · Accounts payable and accrued expenses

  beginning of year $31,799,371 · end of year $35,878,960

• 23 · Secured mortgages and notes payable

  beginning of year $76,364,668 · end of year $75,212,721

• 25 · Other liabilities

  beginning of year $42,512,575 · end of year $29,241,647

• 29 · Capital stock, trust principal or current funds

  beginning of year $847,840 · end of year $854,650

• 31 · Retained earnings, endowment or other funds

  beginning of year $145,933,481 · end of year $176,347,655

The filer's explanations (Part III)

SCHEDULE J, PART III

SCHEDULE J, PART I, LINE 1A - FRINGE OR EXPENSE EXPLANATION EMPLOYEE REIMBURSEMENT OF HEALTH CLUB MEMBERSHIP DUES ALLOWANCE OF 50% OF DUES PAID TO A MAXIMUM OF 200 PER YEAR PER EMPLOYEE UPON PRESENTATION OF A PAID RECEIPT. NO HEALTH CLUB DUES WERE REIMBURSED TO ANY DIRECTORS.