Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALE OF POWER

  total $10,712,797 · related or exempt $10,712,797

• 2b · Program service revenue: CAPITAL CREDITS

  total $873,314 · related or exempt $873,314

• 3 · Investment income

  total $51,230 · excluded $51,230

• 10a · Gross sales of inventory

  $1,975

• 10b · Cost of goods sold

  $1,597

• 10c · Net income from sales of inventory

  total $378 · excluded $378

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $7,304

• 4 · Benefits paid to or for members

  total $1,219,777

• 5 · Compensation of officers, directors and key employees

  total $410,346

• 7 · Other salaries and wages

  total $1,171,328

• 8 · Pension plan contributions

  total $285,436

• 10 · Payroll taxes

  total $109,161

• 20 · Interest

  total $609,364

• 22 · Depreciation, depletion and amortization

  total $1,105,851

• 24a · Other expenses: COST OF POWER

  total $5,961,395

• 24b · Other expenses: DISTRIBUTION-MAINTENANC

  total $723,131

• 24c · Other expenses: DISTRIBUTIONS-OPERATION

  total $553,746

• 24d · Other expenses: CUSTOMER SERVICE

  total $230,684

• 24e · All other expenses

  total -$749,804

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $2,813,384 · end of year $1,951,308

• 4 · Accounts receivable

  beginning of year $814,284 · end of year $869,786

• 7 · Other notes and loans receivable

  beginning of year $33,587 · end of year $41,660

• 8 · Inventories for sale or use

  beginning of year $1,005,958 · end of year $1,043,732

• 9 · Prepaid expenses and deferred charges

  beginning of year $241,130 · end of year $212,869

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

  $38,612,426

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

  $12,280,783

• 10c · Land, buildings and equipment, net

  beginning of year $25,367,514 · end of year $26,331,643

• 12 · Investments: other securities

  beginning of year $80,822 · end of year $80,366

• 13 · Investments: program-related

  beginning of year $8,170,955 · end of year $8,423,343

• 14 · Intangible assets

  beginning of year $498 · end of year $498

• 15 · Other assets

  beginning of year $4,590 · end of year $4,590

• 17 · Accounts payable and accrued expenses

  beginning of year $1,063,072 · end of year $1,243,203

• 23 · Secured mortgages and notes payable

  beginning of year $20,917,830 · end of year $20,305,828

• 25 · Other liabilities

  beginning of year $334,250 · end of year $677,595

• 29 · Capital stock, trust principal or current funds

  beginning of year $19,790 · end of year $19,730

• 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 $16,197,780 · end of year $16,713,439

The filer's explanations (Part III)

SHEDULE J, PART II, COLUMN C

INCLUDED IN THE AMOUNT REPORTED IN COLUMN C IS $77,948 FOR THE CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR TIMOTHY O'LEARY. ACTUAL COOPERATIVE CONTRIBUTIONS TO THE PLAN WERE $44,515.