Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: ELECTRIC SALES

  total $14,234,017 · related or exempt $14,234,017

• 2b · Program service revenue: CAPITAL CREDITS

  total $754,079 · related or exempt $754,079

• 3 · Investment income

  total $405,088 · excluded $405,088

• 7a · Gross sales of assets other than inventory

  other assets $30,998

• 7b · Less cost or other basis and sales expenses

  other assets $0

• 7c · Gain or loss

  other assets $30,998

• 7d · Net gain or loss

  total $30,998 · excluded $30,998

• 10a · Gross sales of inventory

  $42,864

• 10b · Cost of goods sold

  $43,655

• 10c · Net income from sales of inventory

  total -$791 · related or exempt -$791

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $1,177,520

• 5 · Compensation of officers, directors and key employees

  total $324,581

• 7 · Other salaries and wages

  total $269,358

• 8 · Pension plan contributions

  total $2,319

• 9 · Other employee benefits

  total $95,713

• 10 · Payroll taxes

  total $146,807

• 11g · Fees: other

  total $74,031

• 12 · Advertising and promotion

  total $74,825

• 13 · Office expenses

  total $152,248

• 17 · Travel

  total $59,716

• 19 · Conferences, conventions and meetings

  total $2,664

• 20 · Interest

  total $861,348

• 22 · Depreciation, depletion and amortization

  total $1,761,918

• 24a · Other expenses: PURCHASED POWER

  total $7,219,060

• 24b · Other expenses: DISTRIBUTION - OPERATIO

  total $1,753,740

• 24c · Other expenses: DISTRIBUTION - MAINTENA

  total $491,489

• 24d · Other expenses: CUSTOMER ACCOUNTS

  total $457,033

• 24e · All other expenses

  total $499,021

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $344,772 · end of year $517,253

• 2 · Savings and temporary cash investments

  beginning of year $5,668,158 · end of year $5,837,307

• 4 · Accounts receivable

  beginning of year $2,280,797 · end of year $1,129,916

• 8 · Inventories for sale or use

  beginning of year $1,008,731 · end of year $1,192,786

• 9 · Prepaid expenses and deferred charges

  beginning of year $28,932 · end of year $0

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

  $59,833,692

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

  $25,500,564

• 10c · Land, buildings and equipment, net

  beginning of year $34,487,848 · end of year $34,333,128

• 13 · Investments: program-related

  beginning of year $8,456,814 · end of year $8,844,267

• 15 · Other assets

  beginning of year $244,606 · end of year $269,281

• 17 · Accounts payable and accrued expenses

  beginning of year $1,312,529 · end of year $993,082

• 24 · Unsecured notes and loans payable

  beginning of year $29,458,763 · end of year $29,099,230

• 25 · Other liabilities

  beginning of year $3,392,154 · end of year $3,426,647

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 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 $18,357,212 · end of year $18,604,979

The filer's explanations (Part III)

SCHEDULE J, PART II, COLUMN C

INCLUDED IN THE AMOUNT REPORTED IN COLUMN C FOR THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN ARE AS FOLLOWS: - TIMOTHY W. GRABLANDER $42,532 - MARK IYOTTE $25,327 - CHRISTOPHER RAHN $23,189 - DAVID PIPER $17,886 - KOLBY KROGMAN $19,593 ACTUAL COOPERATIVE CONTRIBUTIONS TO THE DEFINED BENEFIT PLAN ARE AS FOLLOWS: - TIMOTHY W. GRABLANDER $38,265 - MARK IYOTTE $26,453 - CHRISTOPHER RAHN $25,562 - DAVID PIPER $22,380 - KOLBY KROGMAN $22,380