Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALE OF POWER

  total $25,670,006 · related or exempt $25,670,006

• 2b · Program service revenue: POLE CONTRACTS

  total $31,174 · related or exempt $31,174

• 3 · Investment income

  total $146,350 · excluded $146,350

• 6b · Less rental expenses

  real property $224

• 6c · Rental income or loss

  real property -$224

• 6d · Net rental income or loss

  total -$224 · excluded -$224

• 10a · Gross sales of inventory

  $30,749

• 10b · Cost of goods sold

  $16,197

• 10c · Net income from sales of inventory

  total $14,552 · related or exempt $14,552

• 11a · Other revenue: CAPITAL CREDITS

  total $1,035,890 · related or exempt $1,035,890

• 11b · Other revenue: MISCELLANEOUS

  total $81,467 · related or exempt $81,467

• 11e · Other revenue, total

  $1,117,357

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $2,383,159

• 5 · Compensation of officers, directors and key employees

  total $403,787

• 20 · Interest

  total $463,620

• 22 · Depreciation, depletion and amortization

  total $2,139,204

• 24a · Other expenses: COST OF POWER

  total $16,960,547

• 24b · Other expenses: DIST EXP - MAINTENANCE

  total $1,685,445

• 24c · Other expenses: DIST EXP - OPERATIONS

  total $1,384,013

• 24d · Other expenses: ADMIN & GENERAL EXP

  total $577,481

• 24e · All other expenses

  total $1,032,473

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $453,952 · end of year $938,479

• 2 · Savings and temporary cash investments

  beginning of year $940,502 · end of year $788,106

• 4 · Accounts receivable

  beginning of year $2,385,630 · end of year $2,355,653

• 7 · Other notes and loans receivable

  beginning of year -$15,000 · end of year -$15,000

• 8 · Inventories for sale or use

  beginning of year $1,155,558 · end of year $903,895

• 9 · Prepaid expenses and deferred charges

  beginning of year $134,366 · end of year $126,007

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

  $59,737,508

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

  $19,867,392

• 10c · Land, buildings and equipment, net

  beginning of year $38,234,825 · end of year $39,870,116

• 11 · Investments: publicly traded securities

  beginning of year $2,995,000 · end of year $1,725,000

• 12 · Investments: other securities

  beginning of year $3,264,693 · end of year $3,302,637

• 13 · Investments: program-related

  beginning of year $12,446,696 · end of year $13,180,998

• 15 · Other assets

  beginning of year $5,097 · end of year $72,145

• 17 · Accounts payable and accrued expenses

  beginning of year $3,295,067 · end of year $2,859,606

• 23 · Secured mortgages and notes payable

  beginning of year $16,141,006 · end of year $16,443,537

• 25 · Other liabilities

  beginning of year $1,113,970 · end of year $1,115,919

• 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 $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $41,451,276 · end of year $42,828,974

The filer's explanations (Part III)

PART I, LINE 3

UTILIZE THE NATIONAL CONSULTING GROUP COMPENSATION SURVEY TO COMPARE VARIOUS METRICS SUCH AS BY STATE, REGION, NATIONAL, SIZE, GROWTH RATES, AND EXPERIENCE/EDUCATION LEVELS.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• CLARK ELECTRIC APPLIANCE & SATELLITE

  C · SALE OF APPLIANCES AND SATELLITE SERVICES · WI · 100% owned · share of income $408,817 · share of assets $3,453,753 · controlled entity

  Directly controlled by CLARK ELECTRIC COOP