Form 990 for tax year 2023

2a · Program service revenue: Sale of Electricity

total $223,868,527 · related or exempt $223,868,527

2b · Program service revenue: Capital Credits

total $4,504,424 · related or exempt $4,504,424

3 · Investment income

total $415,714 · excluded $415,714

6a · Gross rents

personal property $1,669,881

6b · Less rental expenses

personal property $0

6c · Rental income or loss

personal property $1,669,881

6d · Net rental income or loss

total $1,669,881 · excluded $1,669,881

7a · Gross sales of assets other than inventory

other assets $226,378

7b · Less cost or other basis and sales expenses

other assets $0

7c · Gain or loss

other assets $226,378

7d · Net gain or loss

total $226,378 · excluded $226,378

11a · Other revenue: Rebates

total $19,783 · related or exempt $19,783

11b · Other revenue: Miscellaneous Revenue

total $14,672 · related or exempt $14,672

11e · Other revenue, total

$34,455

4 · Benefits paid to or for members

total $14,341,736

5 · Compensation of officers, directors and key employees

total $1,597,820

20 · Interest

total $5,181,520

22 · Depreciation, depletion and amortization

total $16,062,796

24a · Other expenses: Cost of Power

total $151,625,884

24b · Other expenses: Dist Exp - Maintenance

total $19,930,532

24c · Other expenses: Administrative & Genera

total $10,503,828

24d · Other expenses: Consumer Accounts Expen

total $5,319,955

24e · All other expenses

total $6,155,308

1 · Cash, non-interest-bearing

beginning of year $4,923,786 · end of year $10,265,508

2 · Savings and temporary cash investments

beginning of year $6,009,000 · end of year $15,009,000

4 · Accounts receivable

beginning of year $23,761,010 · end of year $28,743,091

7 · Other notes and loans receivable

beginning of year $2,673,010 · end of year $2,286,678

8 · Inventories for sale or use

beginning of year $8,829,440 · end of year $9,044,092

9 · Prepaid expenses and deferred charges

beginning of year $1,103,885 · end of year $1,199,632

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

$539,023,272

10b · Land, buildings and equipment: accumulated depreciation

$173,592,323

10c · Land, buildings and equipment, net

beginning of year $348,708,184 · end of year $365,430,949

13 · Investments: program-related

beginning of year $101,405,995 · end of year $101,190,968

17 · Accounts payable and accrued expenses

beginning of year $26,224,847 · end of year $28,088,063

19 · Deferred revenue

beginning of year $2,000,000 · end of year $3,500,000

23 · Secured mortgages and notes payable

beginning of year $152,046,800 · end of year $176,347,262

25 · Other liabilities

beginning of year $6,905,482 · end of year $6,688,392

29 · Capital stock, trust principal or current funds

beginning of year $356,217 · end of year $359,752

30 · Paid-in or capital surplus, or land, building or equipment fund

beginning of year $736,158 · end of year $736,158

31 · Retained earnings, endowment or other funds

beginning of year $309,144,806 · end of year $317,450,291