Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALE OF ELECTRICITY

  total $10,241,702 · related or exempt $10,241,702

• 2b · Program service revenue: COOP CAPITAL CREDITS

  total $209,655 · related or exempt $209,655

• 3 · Investment income

  total $60,272 · excluded $60,272

• 10a · Gross sales of inventory

  $13,344

• 10b · Cost of goods sold

  $14,196

• 10c · Net income from sales of inventory

  total -$852 · related or exempt -$852

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $11,590

• 2 · Grants to domestic individuals

  total $2,622

• 4 · Benefits paid to or for members

  total $329,484

• 5 · Compensation of officers, directors and key employees

  total $297,549

• 7 · Other salaries and wages

  total $572,999

• 8 · Pension plan contributions

  total $210,801

• 10 · Payroll taxes

  total $57,223

• 11g · Fees: other

  total $50,954

• 13 · Office expenses

  total $20,456

• 19 · Conferences, conventions and meetings

  total $72,421

• 20 · Interest

  total $418,850

• 22 · Depreciation, depletion and amortization

  total $534,005

• 24a · Other expenses: PURCHASED POWER

  total $7,009,244

• 24b · Other expenses: DISTRIBUTION - MAINTENA

  total $489,076

• 24c · Other expenses: DISTRIBUTION - OPERATIO

  total $485,630

• 24d · Other expenses: CUSTOMER ACCOUNTS

  total $189,281

• 24e · All other expenses

  total -$570,892

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,127,431 · end of year $1,762,394

• 4 · Accounts receivable

  beginning of year $1,022,075 · end of year $834,676

• 8 · Inventories for sale or use

  beginning of year $462,031 · end of year $453,821

• 9 · Prepaid expenses and deferred charges

  beginning of year $143,084 · end of year $137,392

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

  $18,632,244

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

  $3,912,164

• 10c · Land, buildings and equipment, net

  beginning of year $15,017,100 · end of year $14,720,080

• 12 · Investments: other securities

  beginning of year $467,873 · end of year $506,739

• 13 · Investments: program-related

  beginning of year $4,721,211 · end of year $4,698,524

• 15 · Other assets

  beginning of year $8,912 · end of year $9,292

• 17 · Accounts payable and accrued expenses

  beginning of year $1,492,840 · end of year $1,023,161

• 21 · Escrow or custodial account liability

  beginning of year $378 · end of year $78

• 23 · Secured mortgages and notes payable

  beginning of year $6,563,772 · end of year $8,163,374

• 24 · Unsecured notes and loans payable

  beginning of year $1,310,000 · end of year $0

• 25 · Other liabilities

  beginning of year $717,036 · end of year $545,341

• 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 $4,375 · end of year $4,410

• 31 · Retained earnings, endowment or other funds

  beginning of year $12,881,316 · end of year $13,386,554

The filer's explanations (Part III)

SCHEDULE J PART II COLUMN C

COLUMN C INCLUDES THE CHANGE IN ACTUARIAL VALUE IN THE DEFINED BENEFIT PLAN OF $92,512 FOR JEFFERY TEN NAPEL. THE COOPERATIVE'S ACTUAL EXPENSE WAS $42,522. COLUMN C INCLUDES THE CHANGE IN ACTUARIAL VALUE IN THE DEFINED BENEFIT PLAN OF $43,900 FOR TOMMY STOREY. THE COOPERATIVE'S ACTUAL EXPENSE WAS $28,654. COLUMN C INCLUDES THE CHANGE IN ACTUARIAL VALUE IN THE DEFINED BENEFIT PLAN OF $13,400 FOR LANCE GROEN. THE COOPERATIVE'S ACTUAL EXPENSE WAS $26,265. COLUMN C INCLUDES THE CHANGE IN ACTUARIAL VALUE IN THE DEFINED BENEFIT PLAN OF $22,685 FOR ROBERT LOUIS. THE COOPERATIVE'S ACTUAL EXPENSE WAS $24,832. COLUMN C INCLUDES THE CHANGE IN ACTUARIAL VALUE IN THE DEFINED BENEFIT PLAN OF $59,807 FOR MARK VANDERPOL. THE COOPERATIVE'S ACTUAL EXPENSE WAS $24,827.