Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALE OF POWER

  total $53,634,880 · related or exempt $53,634,880

• 2b · Program service revenue: CAPITAL CREDITS

  total $3,421,721 · related or exempt $3,421,721

• 2c · Program service revenue: EQUITY EARNINGS

  total $64,921 · related or exempt $65,227 · unrelated business -$306

• 3 · Investment income

  total $356,246 · excluded $356,246

• 7a · Gross sales of assets other than inventory

  other assets $76,897

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

  other assets $0

• 7c · Gain or loss

  other assets $76,897

• 7d · Net gain or loss

  total $76,897 · excluded $76,897

• 10a · Gross sales of inventory

  $397,868

• 10b · Cost of goods sold

  $389,396

• 10c · Net income from sales of inventory

  total $8,472 · related or exempt $8,472

• 11a · Other revenue: MISC.NON-OP.REVENUE -

  total $533 · excluded $533

• 11e · Other revenue, total

  $533

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $50,428

• 4 · Benefits paid to or for members

  total $3,600,000

• 5 · Compensation of officers, directors and key employees

  total $627,079

• 6 · Compensation of disqualified persons

  total $11,635

• 7 · Other salaries and wages

  total $3,489,174

• 8 · Pension plan contributions

  total $711,187

• 10 · Payroll taxes

  total $292,356

• 20 · Interest

  total $1,965,360

• 22 · Depreciation, depletion and amortization

  total $3,035,459

• 24a · Other expenses: COST OF POWER

  total $41,059,248

• 24b · Other expenses: ADMIN & GENERAL

  total $1,773,546

• 24c · Other expenses: DISTRIBUTION-OPERATIONS

  total $1,597,357

• 24d · Other expenses: DISTRIBUTION-MAINTENANC

  total $1,439,317

• 24e · All other expenses

  total -$3,835,099

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $8,926,730 · end of year $8,815,865

• 4 · Accounts receivable

  beginning of year $7,974,461 · end of year $7,874,525

• 7 · Other notes and loans receivable

  beginning of year $4,544,680 · end of year $6,688,276

• 8 · Inventories for sale or use

  beginning of year $2,004,067 · end of year $2,548,987

• 9 · Prepaid expenses and deferred charges

  beginning of year $113,058 · end of year $85,564

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

  $110,967,965

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

  $31,566,066

• 10c · Land, buildings and equipment, net

  beginning of year $73,714,733 · end of year $79,401,899

• 11 · Investments: publicly traded securities

  beginning of year $43,316 · end of year $43,316

• 12 · Investments: other securities

  beginning of year $310,510 · end of year $725,431

• 13 · Investments: program-related

  beginning of year $33,415,857 · end of year $35,623,967

• 14 · Intangible assets

  beginning of year $51,013 · end of year $51,013

• 15 · Other assets

  beginning of year $32,051 · end of year $35,271

• 17 · Accounts payable and accrued expenses

  beginning of year $4,365,200 · end of year $5,360,385

• 23 · Secured mortgages and notes payable

  beginning of year $47,363,358 · end of year $53,383,575

• 24 · Unsecured notes and loans payable

  beginning of year $5,000,000 · end of year $5,000,000

• 25 · Other liabilities

  beginning of year $11,148,865 · end of year $10,847,704

• 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 $63,253,053 · end of year $67,302,450

The filer's explanations (Part III)

SCHEDULE J, PART II, COLUMN C

PER THE INSTRUCTIONS FOR FORM 990, SCHEDULE J, PART II, COLUMN C INCLUDES THE CHANGE IN ACTUARIAL VALUE IN THE DEFINED BENEFIT PLAN RATHER THAN THE ACTUAL COST OF THE BENEFIT.