Form 990 for tax year 2024

2a · Program service revenue: Electric service

total $84,560,754 · related or exempt $84,560,754

3 · Investment income

total $421,083 · related or exempt $421,083

4 · Income from investment of tax-exempt bond proceeds

total $0

5 · Royalties

total $0

6d · Net rental income or loss

total $0

7d · Net gain or loss

total $0

8c · Net income from fundraising events

total $0

9c · Net income from gaming

total $0

10c · Net income from sales of inventory

total $0

11a · Other revenue: Billing/Coll Fees

total $10,115 · excluded $10,115

11e · Other revenue, total

$10,115

1 · Grants to domestic organizations and governments

total $0

2 · Grants to domestic individuals

total $0

3 · Grants to foreign organizations and individuals

total $0

4 · Benefits paid to or for members

total $0

5 · Compensation of officers, directors and key employees

total $1,169,886 · program services $1,169,886

6 · Compensation of disqualified persons

total $0

7 · Other salaries and wages

total $0

8 · Pension plan contributions

total $0

9 · Other employee benefits

total $0

10 · Payroll taxes

total $0

11a · Fees: management

total $0

11b · Fees: legal

total $0

11c · Fees: accounting

total $0

11d · Fees: lobbying

total $0

11e · Fees: professional fundraising services

total $0

11f · Fees: investment management

total $0

11g · Fees: other

total $0

12 · Advertising and promotion

total $0

13 · Office expenses

total $0

14 · Information technology

total $0

15 · Royalties

total $0

16 · Occupancy

total $0

17 · Travel

total $0

18 · Travel or entertainment for public officials

total $0

19 · Conferences, conventions and meetings

total $0

20 · Interest

total $1,841,384 · program services $1,841,384

21 · Payments to affiliates

total $0

22 · Depreciation, depletion and amortization

total $5,565,592 · program services $5,565,592

23 · Insurance

total $0

24a · Other expenses: Purchased power

total $57,470,773 · program services $57,470,773

24b · Other expenses: Operating expenses

total $7,825,535 · program services $7,825,535

24c · Other expenses: Maintenance expense

total $6,350,459 · program services $6,350,459

24d · Other expenses: Miscellaneous

total $14,101 · program services $14,101

24e · All other expenses

total $0

1 · Cash, non-interest-bearing

beginning of year $4,896,345 · end of year $6,461,863

2 · Savings and temporary cash investments

beginning of year $1,984,586 · end of year $2,091,991

3 · Pledges and grants receivable

end of year $0

4 · Accounts receivable

beginning of year $7,426,696 · end of year $7,908,971

5 · Loans and receivables from officers and key people

end of year $0

6 · Loans and receivables from disqualified persons

end of year $0

7 · Other notes and loans receivable

beginning of year $5,052,691 · end of year $4,921,160

8 · Inventories for sale or use

beginning of year $1,327,632 · end of year $1,305,612

9 · Prepaid expenses and deferred charges

beginning of year $766,316 · end of year $907,903

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

$203,500,201

10b · Land, buildings and equipment: accumulated depreciation

$52,285,051

10c · Land, buildings and equipment, net

beginning of year $135,617,669 · end of year $151,215,150

11 · Investments: publicly traded securities

end of year $0

12 · Investments: other securities

end of year $0

13 · Investments: program-related

end of year $0

14 · Intangible assets

end of year $0

15 · Other assets

beginning of year $100,650 · end of year $0

17 · Accounts payable and accrued expenses

beginning of year $18,364,467 · end of year $13,574,962

23 · Secured mortgages and notes payable

beginning of year $37,085,261 · end of year $54,015,840

25 · Other liabilities

beginning of year $8,864,702 · end of year $9,510,116

29 · Capital stock, trust principal or current funds

beginning of year $181,370 · end of year $185,220

31 · Retained earnings, endowment or other funds

beginning of year $92,676,785 · end of year $97,526,512