Form 990 for tax year 2025

2a · Program service revenue: ELECTRIC SALES

total $79,691,562 · related or exempt $79,691,562

3 · Investment income

total $50,426 · excluded $50,426

11a · Other revenue: G&T AND OTHER CAPITAL

total $1,142,139 · related or exempt $1,142,139

11b · Other revenue: NON UTILITY OPERATIONS

total $151,043 · unrelated business $151,043

11e · Other revenue, total

$1,293,182

4 · Benefits paid to or for members

total $1,319,284

5 · Compensation of officers, directors and key employees

total $552,923

7 · Other salaries and wages

total $2,717,427

9 · Other employee benefits

total $509,082

11g · Fees: other

total $638,188

13 · Office expenses

total $1,111,132

19 · Conferences, conventions and meetings

total $88,839

20 · Interest

total $3,056,177

22 · Depreciation, depletion and amortization

total $6,007,943

23 · Insurance

total $118,523

24a · Other expenses: NON UTILITY OPERATIONS

total $191,928

24b · Other expenses: COST OF POWER

total $48,802,867

24c · Other expenses: DISTRIBUTIONS OPERATION

total $5,322,318

24d · Other expenses: DISTRIBUTION MAINTENANC

total $5,166,525

24e · All other expenses

total $4,861,052

1 · Cash, non-interest-bearing

beginning of year $1,393,496 · end of year $2,551,573

4 · Accounts receivable

beginning of year $15,183,912 · end of year $14,004,036

8 · Inventories for sale or use

beginning of year $5,405,747 · end of year $3,179,309

9 · Prepaid expenses and deferred charges

beginning of year $537,317 · end of year $166,974

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

$182,505,749

10b · Land, buildings and equipment: accumulated depreciation

$56,513,462

10c · Land, buildings and equipment, net

beginning of year $120,142,350 · end of year $125,992,287

13 · Investments: program-related

beginning of year $29,218,263 · end of year $30,005,520

15 · Other assets

beginning of year $2,082,565 · end of year $1,838,503

17 · Accounts payable and accrued expenses

beginning of year $6,278,946 · end of year $7,727,122

18 · Grants payable

beginning of year $500,000 · end of year $0

23 · Secured mortgages and notes payable

beginning of year $68,760,247 · end of year $70,644,805

25 · Other liabilities

beginning of year $2,478,863 · end of year $2,813,532

29 · Capital stock, trust principal or current funds

beginning of year $150,815 · end of year $153,140

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 $95,794,779 · end of year $96,399,603