Form 990 for tax year 2023

2a · Program service revenue: ELECTRIC REVENUE

total $19,830,122 · related or exempt $19,830,122

3 · Investment income

total $52,265 · excluded $52,265

7a · Gross sales of assets other than inventory

other assets $110,000

7b · Less cost or other basis and sales expenses

other assets $40,934

7c · Gain or loss

other assets $69,066

7d · Net gain or loss

total $69,066 · related or exempt $69,066

11a · Other revenue: OTHER NON OPERATING REV

total $7,536 · related or exempt $7,536

11e · Other revenue, total

$7,536

4 · Benefits paid to or for members

total $4,454,557

5 · Compensation of officers, directors and key employees

total $370,712

7 · Other salaries and wages

total $2,483,268

8 · Pension plan contributions

total $504,637

9 · Other employee benefits

total $443,216

10 · Payroll taxes

total $245,362

12 · Advertising and promotion

total $23,846

13 · Office expenses

total $117,425

20 · Interest

total $570,082

22 · Depreciation, depletion and amortization

total $2,185,418

23 · Insurance

total $230,139

24a · Other expenses: COST OF POWER

total $7,884,137 · program services $7,884,137

24b · Other expenses: PROPERTY & GROSS RECEIPT TAX

total $317,323 · program services $317,323

1 · Cash, non-interest-bearing

beginning of year $762,069 · end of year $285,873

2 · Savings and temporary cash investments

beginning of year $1,076,584 · end of year $1,156,581

4 · Accounts receivable

beginning of year $1,412,770 · end of year $1,268,954

8 · Inventories for sale or use

beginning of year $1,742,755 · end of year $1,955,139

9 · Prepaid expenses and deferred charges

beginning of year $66,035 · end of year $79,585

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

$90,457,982

10b · Land, buildings and equipment: accumulated depreciation

$36,469,279

10c · Land, buildings and equipment, net

beginning of year $50,428,890 · end of year $53,988,703

13 · Investments: program-related

beginning of year $1,078,808 · end of year $1,102,333

15 · Other assets

beginning of year $33,661 · end of year $5,435

17 · Accounts payable and accrued expenses

beginning of year $3,068,747 · end of year $2,821,439

19 · Deferred revenue

beginning of year $184,970 · end of year $323,515

23 · Secured mortgages and notes payable

beginning of year $12,332,445 · end of year $12,120,059

29 · Capital stock, trust principal or current funds

beginning of year $38,975 · end of year $42,655

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

beginning of year $37,092,233 · end of year $40,296,772

31 · Retained earnings, endowment or other funds

beginning of year $3,884,202 · end of year $4,238,163