Form 990 for tax year 2025

2a · Program service revenue: ELECTRICITY SALES

total $55,904,333 · related or exempt $55,904,333

2b · Program service revenue: RENTS FROM ELECTRIC PROPERTY

total $5,555,350 · related or exempt $5,555,350

2c · Program service revenue: CAPITAL CREDITS

total $2,137,899 · related or exempt $2,137,899

2d · Program service revenue: MISC SERVICE REVENUES

total $279,062 · related or exempt $279,062

3 · Investment income

total $48,629 · excluded $48,629

11a · Other revenue: BROADBAND REVENUE SHARING

total $681,438 · excluded $681,438

11b · Other revenue: MISCELLANEOUS NONPERATING INCOME

total $179,493 · excluded $179,493

11e · Other revenue, total

$860,931

4 · Benefits paid to or for members

total $1,653,423

5 · Compensation of officers, directors and key employees

total $1,328,803

20 · Interest

total $12,646,357

22 · Depreciation, depletion and amortization

total $5,916,504

24a · Other expenses: COST OF POWER

total $28,160,175

24b · Other expenses: MAINTENANCE

total $5,116,152

24c · Other expenses: OPERATIONS

total $4,078,785

24d · Other expenses: GENERAL & ADMINISTRATIV

total $2,837,770

24e · All other expenses

total $2,298,235

1 · Cash, non-interest-bearing

beginning of year $2,746,002 · end of year $3,407,997

4 · Accounts receivable

beginning of year $4,944,850 · end of year $19,639,628

8 · Inventories for sale or use

beginning of year $2,329,917 · end of year $4,699,420

9 · Prepaid expenses and deferred charges

beginning of year $362,791 · end of year $347,271

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

$215,325,823

10b · Land, buildings and equipment: accumulated depreciation

$50,822,285

10c · Land, buildings and equipment, net

beginning of year $140,984,882 · end of year $164,503,538

13 · Investments: program-related

beginning of year $15,220,577 · end of year $16,562,313

15 · Other assets

beginning of year $106,875,679 · end of year $89,362,033

17 · Accounts payable and accrued expenses

beginning of year $62,935,265 · end of year $6,141,361

19 · Deferred revenue

beginning of year $750,000

23 · Secured mortgages and notes payable

beginning of year $161,391,933 · end of year $242,051,598

25 · Other liabilities

beginning of year $1,216,865 · end of year $1,219,910

29 · Capital stock, trust principal or current funds

beginning of year $71,010 · end of year $71,280

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 $47,099,625 · end of year $49,038,051