Form 990 for tax year 2022

2a · Program service revenue: ELECTRICITY TO MEMBERS

total $101,994,655 · related or exempt $101,994,655

2b · Program service revenue: PATRONAGE ALLOCATION

total $2,761,682 · related or exempt $2,761,682

2c · Program service revenue: CONTRIBUTION IN AID OF CONSTRUCTI

total $2,659,665 · related or exempt $2,659,665

2d · Program service revenue: ELECTRIC PROPERTY RENTAL

total $436,343 · excluded $436,343

3 · Investment income

total $1,071,739 · excluded $1,071,739

7b · Less cost or other basis and sales expenses

securities $64,896

7c · Gain or loss

securities -$64,896

7d · Net gain or loss

total -$64,896 · excluded -$64,896

4 · Benefits paid to or for members

total $2,250,654

5 · Compensation of officers, directors and key employees

total $1,593,511

7 · Other salaries and wages

total $514,365

9 · Other employee benefits

total $144,818

11c · Fees: accounting

total $493,229

13 · Office expenses

total $458,445

20 · Interest

total $3,579,645

22 · Depreciation, depletion and amortization

total $7,925,239

23 · Insurance

total $77,532

24a · Other expenses: COST OF POWER

total $66,010,544

24b · Other expenses: DISTRIBUTION MAINTENANC

total $6,145,728

24c · Other expenses: ADMINISTRATIVE & GENERA

total $4,736,281

24d · Other expenses: CONSUMER ACCOUNTS

total $2,887,060

24e · All other expenses

total $4,342,599

1 · Cash, non-interest-bearing

beginning of year $4,028,796 · end of year $4,150,381

2 · Savings and temporary cash investments

beginning of year $2,000,000 · end of year $1,413,975

4 · Accounts receivable

beginning of year $6,870,050 · end of year $7,085,667

7 · Other notes and loans receivable

beginning of year $4,586,508 · end of year $3,826,964

8 · Inventories for sale or use

beginning of year $2,132,624 · end of year $2,756,935

9 · Prepaid expenses and deferred charges

beginning of year $1,462,530 · end of year $918,923

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

$276,113,953

10b · Land, buildings and equipment: accumulated depreciation

$87,828,642

10c · Land, buildings and equipment, net

beginning of year $181,710,745 · end of year $188,285,311

12 · Investments: other securities

beginning of year $27,003,816 · end of year $29,230,564

17 · Accounts payable and accrued expenses

beginning of year $12,061,906 · end of year $14,166,304

19 · Deferred revenue

beginning of year $3,500,000

23 · Secured mortgages and notes payable

beginning of year $106,162,298 · end of year $110,820,384

25 · Other liabilities

beginning of year $13,128,423 · end of year $10,002,397

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 $94,942,442 · end of year $102,679,635