Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALE OF ELECTRICITY

  total $15,439,246 · related or exempt $15,439,246

• 2b · Program service revenue: COOP CAPITAL CREDITS

  total $629,003 · related or exempt $629,003

• 2c · Program service revenue: OTHER REVENUE

  total $532,547 · related or exempt $532,547

• 3 · Investment income

  total $233,148 · excluded $233,148

• 7a · Gross sales of assets other than inventory

  other assets $107,603

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

  other assets $13,184

• 7c · Gain or loss

  other assets $94,419

• 7d · Net gain or loss

  total $94,419 · excluded $94,419

• 10a · Gross sales of inventory

  $41,754

• 10b · Cost of goods sold

  $29,323

• 10c · Net income from sales of inventory

  total $12,431 · related or exempt $12,431

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $5,000

• 4 · Benefits paid to or for members

  total $1,196,719

• 5 · Compensation of officers, directors and key employees

  total $427,635

• 6 · Compensation of disqualified persons

  total $228,524

• 7 · Other salaries and wages

  total $2,096,754

• 8 · Pension plan contributions

  total $378,340

• 10 · Payroll taxes

  total $190,047

• 20 · Interest

  total $1,066,948

• 22 · Depreciation, depletion and amortization

  total $2,326,432

• 24a · Other expenses: COST OF POWER

  total $7,840,983

• 24b · Other expenses: ADMIN & GENERAL

  total $1,416,125

• 24c · Other expenses: DISTRIBUTION-MAINTENANC

  total $1,033,484

• 24d · Other expenses: CONSUMER ACCOUNTS

  total $497,997

• 24e · All other expenses

  total -$2,202,745

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $6,047,304 · end of year $1,745,013

• 4 · Accounts receivable

  beginning of year $1,450,685 · end of year $1,554,569

• 8 · Inventories for sale or use

  beginning of year $5,143,866 · end of year $3,531,092

• 9 · Prepaid expenses and deferred charges

  beginning of year $879,483 · end of year $833,729

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

  $83,513,122

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

  $32,483,928

• 10c · Land, buildings and equipment, net

  beginning of year $47,173,155 · end of year $51,029,194

• 12 · Investments: other securities

  beginning of year $651,641 · end of year $651,201

• 13 · Investments: program-related

  beginning of year $8,668,735 · end of year $8,889,152

• 17 · Accounts payable and accrued expenses

  beginning of year $1,464,911 · end of year $1,443,937

• 23 · Secured mortgages and notes payable

  beginning of year $42,015,509 · end of year $39,945,030

• 25 · Other liabilities

  beginning of year $1,586,493 · end of year $1,314,943

• 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 $24,947,956 · end of year $25,530,040

The filer's explanations (Part III)

SCHEDULE J, PART II, COLUMN (C)

INCLUDED IN PART II, COLUMN (C) IS THE CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN : MICHAEL PISHA $24,252 JESSE BYERLEY $13,865 JOSH FANNING $34,624 AARON RISSE $10,848 GARRETT METZINGER $9,862 THE COOPERATIVE'S ACTUAL EXPENSE FOR PARTICIPATION IN THIS PLAN IN 2024 WAS: MICHAEL PISHA $20,021 JESSE BYERLEY $20,225 JOSH FANNING $28,454 AARON RISSE $18,812 GARRETT METZINGER $18,384