Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: OPERATING REVENUES

  total $30,620,882 · related or exempt $30,620,882

• 2b · Program service revenue: POLE RENTAL

  total $324,511 · excluded $324,511

• 3 · Investment income

  total $79,964 · excluded $79,964

• 11a · Other revenue: PATRONAGE CAPITAL

  total $557,006 · related or exempt $557,006

• 11b · Other revenue: NON OPERATING INCOME

  total $35,232 · related or exempt $35,232

• 11e · Other revenue, total

  $592,238

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $1,838,179

• 5 · Compensation of officers, directors and key employees

  total $457,206

• 11b · Fees: legal

  total $114,756

• 11c · Fees: accounting

  total $22,815

• 12 · Advertising and promotion

  total $152,761

• 17 · Travel

  total $25,053

• 20 · Interest

  total $987,108

• 22 · Depreciation, depletion and amortization

  total $3,447,390

• 24a · Other expenses: COST OF POWER

  total $16,996,811

• 24b · Other expenses: DISTRIBUTION MAINTENANCE

  total $2,352,466

• 24c · Other expenses: DISTRIBUTION OPERATIONS

  total $2,271,311

• 24d · Other expenses: ADMINISTRATIVE AND GENERA

  total $1,765,586

• 24e · All other expenses

  total $1,186,153

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,374,066 · end of year $1,904,956

• 2 · Savings and temporary cash investments

  beginning of year $200,000

• 4 · Accounts receivable

  beginning of year $1,513,691 · end of year $1,233,430

• 8 · Inventories for sale or use

  beginning of year $1,895,827 · end of year $1,863,572

• 9 · Prepaid expenses and deferred charges

  beginning of year $4,100,984 · end of year $763,594

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

  $108,384,153

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

  $57,405,261

• 10c · Land, buildings and equipment, net

  beginning of year $48,255,519 · end of year $50,978,892

• 15 · Other assets

  beginning of year $15,641,192 · end of year $15,620,232

• 17 · Accounts payable and accrued expenses

  beginning of year $1,708,660 · end of year $2,446,556

• 23 · Secured mortgages and notes payable

  beginning of year $24,586,067 · end of year $23,045,724

• 25 · Other liabilities

  beginning of year $3,654,680 · end of year $3,111,920

• 29 · Capital stock, trust principal or current funds

  beginning of year $215,098 · end of year $217,422

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $4,092,482 · end of year $4,966,206

• 31 · Retained earnings, endowment or other funds

  beginning of year $38,724,292 · end of year $38,576,848

The filer's explanations (Part III)

SCHEDULE J, PART III

1(A) -TCEPA REIMBURSES THE REASONABLE COST FOR TRAVEL FOR COMPANIONS OF MEMBERS OF ITS BOARD OF DIRECTORS TO STATE, REGIONAL, AND NATIONAL MEETINGS FOR THE CONVENIENCE OF ITS DIRECTORS. 3- TCEPA'S BOARD OF DIRECTORS ESTABLISHES THE COMPENSATION OF TWIN COUNTY'S GENERAL MANAGER CONSIDERING THE COMPENSATION PAID BY OTHER ELECTRIC POWER ASSOCIATIONS TO THEIR RESPECTIVE GENERAL MANAGERS.