Form 990 for tax year 2023

2a · Program service revenue: Sales of Electricity

total $49,330,534 · related or exempt $49,330,534

2b · Program service revenue: Patronage Allocations

total $20,983 · related or exempt $20,983

3 · Investment income

total $106,295 · excluded $106,295

6a · Gross rents

personal property $433,905

6b · Less rental expenses

personal property $0

6c · Rental income or loss

personal property $433,905

6d · Net rental income or loss

total $433,905 · excluded $433,905

7a · Gross sales of assets other than inventory

other assets $104,621

7b · Less cost or other basis and sales expenses

other assets $0

7c · Gain or loss

other assets $104,621

7d · Net gain or loss

total $104,621 · excluded $104,621

5 · Compensation of officers, directors and key employees

total $541,127

20 · Interest

total $132,508

22 · Depreciation, depletion and amortization

total $3,986,725

24a · Other expenses: Cost of Power

total $30,232,633

24b · Other expenses: Distribution - Maintena

total $7,100,878

24c · Other expenses: Admin & Gen Expense

total $4,099,525

24d · Other expenses: Distribution - Operatio

total $1,932,056

24e · All other expenses

total $1,992,496

1 · Cash, non-interest-bearing

beginning of year $9,659,408 · end of year $8,651,808

2 · Savings and temporary cash investments

beginning of year $2,600,000 · end of year $2,600,000

4 · Accounts receivable

beginning of year $7,339,905 · end of year $7,180,427

8 · Inventories for sale or use

beginning of year $1,304,091 · end of year $1,596,154

9 · Prepaid expenses and deferred charges

beginning of year $571,724 · end of year $612,536

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

$131,239,922

10b · Land, buildings and equipment: accumulated depreciation

$72,865,223

10c · Land, buildings and equipment, net

beginning of year $58,916,587 · end of year $58,374,699

13 · Investments: program-related

beginning of year $290,118 · end of year $258,712

17 · Accounts payable and accrued expenses

beginning of year $3,879,933 · end of year $3,332,082

23 · Secured mortgages and notes payable

beginning of year $2,199,151 · end of year $1,669,742

25 · Other liabilities

beginning of year $8,677,981 · end of year $7,758,593

29 · Capital stock, trust principal or current funds

beginning of year $136,600 · end of year $135,685

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 $65,788,168 · end of year $66,378,234