Form 990 for tax year 2024

2a · Program service revenue: SALES OF ELECTRICITY

total $31,280,677 · related or exempt $31,280,677

2b · Program service revenue: PATRONAGE DIVIDENDS

total $1,769,025 · related or exempt $1,769,025

2c · Program service revenue: SERVICE FEES

total $169,890 · related or exempt $169,890

3 · Investment income

total $259,584 · excluded $259,584

6a · Gross rents

real property $1,413

6b · Less rental expenses

real property $0

6c · Rental income or loss

real property $1,413

6d · Net rental income or loss

total $1,413 · excluded $1,413

7a · Gross sales of assets other than inventory

other assets $40,750

7b · Less cost or other basis and sales expenses

other assets $0

7c · Gain or loss

other assets $40,750

7d · Net gain or loss

total $40,750 · related or exempt $40,750

11a · Other revenue: ELECTRICIAN REVENUE

total $301,399 · related or exempt $301,399

11b · Other revenue: POLE ATTACHMENT INCOME

total $73,143 · excluded $73,143

11d · All other revenue

total $49,933 · excluded $49,933

11e · Other revenue, total

$424,475

1 · Grants to domestic organizations and governments

total $22,454

4 · Benefits paid to or for members

total $3,092,848

5 · Compensation of officers, directors and key employees

total $1,005,969

7 · Other salaries and wages

total $2,135,291

8 · Pension plan contributions

total $184,210

9 · Other employee benefits

total $398,036

10 · Payroll taxes

total $201,794

20 · Interest

total $1,244,922

22 · Depreciation, depletion and amortization

total $2,377,551

24a · Other expenses: PURCHASED POWER

total $18,643,656

24b · Other expenses: DISTRIBUTION EXPENSE

total $3,004,354

24c · Other expenses: ADMINISTRATIVE & GENERA

total $728,303

24d · Other expenses: CONSUMER EXPENSE

total $482,629

24e · All other expenses

total $423,797

1 · Cash, non-interest-bearing

beginning of year $1,314,635 · end of year $309,216

2 · Savings and temporary cash investments

beginning of year $2,844,749 · end of year $3,893,887

4 · Accounts receivable

beginning of year $969,382 · end of year $1,535,050

8 · Inventories for sale or use

beginning of year $22,945 · end of year $11,139

9 · Prepaid expenses and deferred charges

beginning of year $201,304 · end of year $230,942

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

$79,952,500

10b · Land, buildings and equipment: accumulated depreciation

$15,801,859

10c · Land, buildings and equipment, net

beginning of year $57,914,658 · end of year $64,150,641

13 · Investments: program-related

beginning of year $25,933,745 · end of year $27,688,810

15 · Other assets

beginning of year $422,350 · end of year $513,321

17 · Accounts payable and accrued expenses

beginning of year $2,536,981 · end of year $2,467,157

23 · Secured mortgages and notes payable

beginning of year $36,942,787 · end of year $41,716,462

25 · Other liabilities

beginning of year $573,484 · end of year $3,292,961

29 · Capital stock, trust principal or current funds

beginning of year $26,690 · end of year $24,730

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 $49,543,826 · end of year $50,831,696