Form 990 for tax year 2023

2a · Program service revenue: ELECTRIC REVENUE

total $62,482,930 · related or exempt $62,482,930

3 · Investment income

total $908,769 · excluded $908,769

6a · Gross rents

personal property $363,868

6b · Less rental expenses

personal property $0

6c · Rental income or loss

personal property $363,868

6d · Net rental income or loss

total $363,868 · excluded $363,868

7a · Gross sales of assets other than inventory

securities $722,626

7b · Less cost or other basis and sales expenses

securities $818,580

7c · Gain or loss

securities -$95,954

7d · Net gain or loss

total -$95,954 · related or exempt -$95,954

11a · Other revenue: PATRONAGE ALLOCATIONS

total $1,672,894 · related or exempt $1,672,894

11b · Other revenue: UNREALIZED GAIN ON INVESTMENTS

total $190,189 · related or exempt $190,189

11e · Other revenue, total

$1,863,083

4 · Benefits paid to or for members

total $3,362,597

5 · Compensation of officers, directors and key employees

total $1,527,662

7 · Other salaries and wages

total $2,928,699

8 · Pension plan contributions

total $608,999

9 · Other employee benefits

total $530,386

10 · Payroll taxes

total $401,045

20 · Interest

total $1,072,293

22 · Depreciation, depletion and amortization

total $4,237,433

24a · Other expenses: PURCHASED POWER

total $44,687,817

24b · Other expenses: DISTRIBUTION EXPENSE

total $5,184,443

24c · Other expenses: CONSUMER ACCOUNT EXPENS

total $639,343

24d · Other expenses: PERSONAL PROPERTY TAX

total $329,466

24e · All other expenses

total $12,513

1 · Cash, non-interest-bearing

beginning of year $4,604,979 · end of year $1,249,319

2 · Savings and temporary cash investments

beginning of year $3,000,000 · end of year $6,000,000

4 · Accounts receivable

beginning of year $7,589,327 · end of year $6,186,048

8 · Inventories for sale or use

beginning of year $2,729,125 · end of year $3,017,963

9 · Prepaid expenses and deferred charges

beginning of year $762,735 · end of year $687,234

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

$125,850,782

10b · Land, buildings and equipment: accumulated depreciation

$35,709,844

10c · Land, buildings and equipment, net

beginning of year $85,635,607 · end of year $90,140,938

11 · Investments: publicly traded securities

beginning of year $2,724,208 · end of year $2,946,900

13 · Investments: program-related

beginning of year $29,538,256 · end of year $30,006,379

17 · Accounts payable and accrued expenses

beginning of year $5,159,769 · end of year $3,515,222

23 · Secured mortgages and notes payable

beginning of year $36,731,156 · end of year $38,680,774

25 · Other liabilities

beginning of year $4,568,783 · end of year $5,315,603

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 $1,861,543 · end of year $2,562,209

31 · Retained earnings, endowment or other funds

beginning of year $88,262,986 · end of year $90,160,973