Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALES OF ELECTRICITY

  total $73,408,249 · related or exempt $73,408,249

• 2b · Program service revenue: PATRONAGE DIVIDENDS

  total $2,382,115 · related or exempt $2,382,115

• 2c · Program service revenue: SERVICE FEES

  total $109,715 · related or exempt $109,715

• 3 · Investment income

  total $103,854 · excluded $103,854

• 5 · Royalties

  total $89 · excluded $89

• 7a · Gross sales of assets other than inventory

  other assets $40,400

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

  other assets $0

• 7c · Gain or loss

  other assets $40,400

• 7d · Net gain or loss

  total $40,400 · related or exempt $40,400

• 10a · Gross sales of inventory

  $155,403

• 10b · Cost of goods sold

  $156,087

• 10c · Net income from sales of inventory

  total -$684 · related or exempt -$684

• 11a · Other revenue: POLE ATTACHMENT INCOME

  total $5,825 · excluded $5,825

• 11e · Other revenue, total

  $5,825

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $74,858

• 4 · Benefits paid to or for members

  total $6,580,915

• 5 · Compensation of officers, directors and key employees

  total $1,715,874

• 7 · Other salaries and wages

  total $3,008,728

• 8 · Pension plan contributions

  total $442,661

• 9 · Other employee benefits

  total $569,867

• 10 · Payroll taxes

  total $268,779

• 20 · Interest

  total $4,370,834

• 22 · Depreciation, depletion and amortization

  total $5,924,738

• 24a · Other expenses: PURCHASED POWER

  total $44,463,284

• 24b · Other expenses: DISTRIBUTION EXPENSE

  total $4,125,782

• 24c · Other expenses: ADMIN & GENERAL EXPENSE

  total $1,590,018

• 24d · Other expenses: OPERATING TAXES

  total $1,485,254

• 24e · All other expenses

  total $1,427,971

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $213,175 · end of year $143,255

• 2 · Savings and temporary cash investments

  beginning of year $1,088,054 · end of year $21,535

• 4 · Accounts receivable

  beginning of year $7,166,991 · end of year $7,121,189

• 8 · Inventories for sale or use

  beginning of year $161,281 · end of year $111,687

• 9 · Prepaid expenses and deferred charges

  beginning of year $68,241 · end of year $58,712

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

  $173,737,453

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

  $16,308,504

• 10c · Land, buildings and equipment, net

  beginning of year $154,258,048 · end of year $157,428,949

• 13 · Investments: program-related

  beginning of year $21,021,191 · end of year $23,276,065

• 15 · Other assets

  beginning of year $1,230,103 · end of year $1,112,587

• 17 · Accounts payable and accrued expenses

  beginning of year $11,955,702 · end of year $7,389,826

• 23 · Secured mortgages and notes payable

  beginning of year $83,756,178 · end of year $86,654,553

• 25 · Other liabilities

  beginning of year $9,160,369 · end of year $9,634,346

• 29 · Capital stock, trust principal or current funds

  beginning of year $457,895 · end of year $497,463

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

  beginning of year $3,610,412 · end of year $3,774,161

• 31 · Retained earnings, endowment or other funds

  beginning of year $76,266,528 · end of year $81,323,630

The filer's explanations (Part III)

PART I, LINE 1A

PURSUANT TO APPLICABLE TRAVEL POLICIES, THE COOPERATIVE WILL REIMBURSE EMPLOYEES FOR THE COST OF HIS/HER SPOUSE TO ACCOMPANY HIM/HER ON OFFICIAL BUSINESS OF THE COOPERATIVE. DURING THE YEAR, FOUR INDIVIDUALS REPORTED ON FORM 990 PART VII (ANDREWS, JOHNSON, JONES, & ROARK) RECEIVED THESE BENEFITS. THE VALUE OF SUCH BENEFITS WERE ALSO INCLUDED IN THE REPORTABLE COMPENSATION OF EACH. ADDITIONALLY, THE COOPERATIVE WILL PAY ONE-HALF OF THE COST OF A GYM MEMBERSHIP PURSUANT TO A WELLNESS POLICY. DURING THE YEAR, TWO INDIVIDUALS REPORTED ON FORM 990 PART VII (JOHNSON AND PENNINGTON) RECEIVED THIS BENEFIT. SINCE THE COOPERATIVE CONSIDERS THE REIMBURSEMENT TO BE CONSISTENT TO A BONA FIDE BUSINESS PURPOSE, SUCH REIMBURSEMENTS WERE EXCLUDED FROM REPORTABLE COMPENSATION.