Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALE OF POWER

  total $9,454,185 · related or exempt $9,454,185

• 2b · Program service revenue: CAPITAL CREDITS

  total $450,105 · related or exempt $450,105

• 3 · Investment income

  total $111,035 · excluded $111,035

• 7a · Gross sales of assets other than inventory

  other assets $748,590

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

  other assets $198,546

• 7c · Gain or loss

  other assets $550,044

• 7d · Net gain or loss

  total $550,044 · excluded $550,044

• 10a · Gross sales of inventory

  $144,443

• 10b · Cost of goods sold

  $148,511

• 10c · Net income from sales of inventory

  total -$4,068 · related or exempt -$4,068

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $4,464

• 4 · Benefits paid to or for members

  total $650,000

• 5 · Compensation of officers, directors and key employees

  total $244,186

• 7 · Other salaries and wages

  total $1,162,145

• 8 · Pension plan contributions

  total $293,385

• 10 · Payroll taxes

  total $105,379

• 20 · Interest

  total $797,925

• 22 · Depreciation, depletion and amortization

  total $1,236,247

• 24a · Other expenses: COST OF POWER

  total $5,167,647

• 24b · Other expenses: ADMIN & GENERAL

  total $890,279

• 24c · Other expenses: DISTRIBUTION-OPERATIONS

  total $877,961

• 24d · Other expenses: DISTRIBUTION-MAINTENANC

  total $299,586

• 24e · All other expenses

  total -$1,323,585

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $171,842 · end of year $996,344

• 4 · Accounts receivable

  beginning of year $813,605 · end of year $837,639

• 8 · Inventories for sale or use

  beginning of year $1,245,060 · end of year $1,265,429

• 9 · Prepaid expenses and deferred charges

  beginning of year $332,142 · end of year $310,499

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

  $47,176,324

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

  $13,004,736

• 10c · Land, buildings and equipment, net

  beginning of year $33,705,490 · end of year $34,171,588

• 12 · Investments: other securities

  beginning of year $1,442,470 · end of year $609,973

• 13 · Investments: program-related

  beginning of year $6,917,993 · end of year $6,975,940

• 15 · Other assets

  beginning of year $5,585 · end of year $5,542

• 17 · Accounts payable and accrued expenses

  beginning of year $1,590,025 · end of year $1,652,850

• 23 · Secured mortgages and notes payable

  beginning of year $23,644,355 · end of year $24,369,266

• 25 · Other liabilities

  beginning of year $1,639,126 · end of year $989,156

• 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 $17,760,681 · end of year $18,161,682

The filer's explanations (Part III)

EXPLANATION OF AMOUNT REPORTED IN PART II, COLUMN (C)

INCLUDED IN THE AMOUNT REPORTED IN COLUMN C IS $80,749 FOR THE CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR CHRISTOPHER LARSON. ACTUAL COOPERATIVE CONTRIBUTIONS TO THE PLAN WERE $38,969.