Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: Electric Sales

  total $30,356,030 · related or exempt $30,356,030

• 2b · Program service revenue: Other Sales

  total $752,158 · related or exempt $752,158

• 2c · Program service revenue: Capital Credits

  total $716,774 · related or exempt $716,774

• 3 · Investment income

  total $396,624 · excluded $396,624

• 7a · Gross sales of assets other than inventory

  other assets $62,029

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

  other assets $0

• 7c · Gain or loss

  other assets $62,029

• 7d · Net gain or loss

  total $62,029 · excluded $62,029

• 11a · Other revenue: Internet & LD

  total $72,461 · unrelated business $72,461

• 11b · Other revenue: Generator Sales

  total $26,792 · unrelated business $26,792

• 11c · Other revenue: Meter Loops & Sewer District

  total -$37,268 · related or exempt -$37,268

• 11e · Other revenue, total

  $61,985

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $2,171,324

• 5 · Compensation of officers, directors and key employees

  total $603,547

• 7 · Other salaries and wages

  total $4,293,978

• 8 · Pension plan contributions

  total $483,722

• 10 · Payroll taxes

  total $357,280

• 20 · Interest

  total $1,542,042

• 22 · Depreciation, depletion and amortization

  total $2,605,165

• 24a · Other expenses: Cost of Power

  total $16,936,946

• 24b · Other expenses: Distribution

  total $4,526,390

• 24c · Other expenses: Admin & General

  total $2,413,806

• 24d · Other expenses: Customers Accts & Servi

  total $1,435,242

• 24e · All other expenses

  total -$5,737,157

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,119,993 · end of year $1,222,314

• 2 · Savings and temporary cash investments

  beginning of year $6,266,421 · end of year $4,395,392

• 4 · Accounts receivable

  beginning of year $4,827,414 · end of year $4,408,809

• 8 · Inventories for sale or use

  beginning of year $1,504,508 · end of year $1,843,603

• 9 · Prepaid expenses and deferred charges

  beginning of year $463,855 · end of year $426,388

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

  $111,771,609

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

  $34,248,722

• 10c · Land, buildings and equipment, net

  beginning of year $66,747,973 · end of year $77,522,887

• 13 · Investments: program-related

  beginning of year $15,889,806 · end of year $16,087,119

• 15 · Other assets

  beginning of year $2,022,153 · end of year $1,613,819

• 17 · Accounts payable and accrued expenses

  beginning of year $9,193,720 · end of year $5,643,108

• 19 · Deferred revenue

  beginning of year $2,108,707 · end of year $1,721,785

• 21 · Escrow or custodial account liability

  beginning of year $6,696 · end of year $6,657

• 23 · Secured mortgages and notes payable

  beginning of year $53,173,130 · end of year $61,646,736

• 25 · Other liabilities

  beginning of year $1,440,987 · end of year $1,321,157

• 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 $34,918,883 · end of year $37,180,888

The filer's explanations (Part III)

Part I, Line 4a

Lincoln Messner received severance in the amount of $26,552 in the calendar year ending December 31, 2024.