Form 990 for tax year 2023

2a · Program service revenue: Sales of Electricity

total $52,037,836 · related or exempt $52,037,836

2b · Program service revenue: Patronage Capital

total $897,444 · related or exempt $897,444

3 · Investment income

total $1,468,799 · excluded $1,468,799

6a · Gross rents

personal property $385,200

6b · Less rental expenses

personal property $0

6c · Rental income or loss

personal property $385,200

6d · Net rental income or loss

total $385,200 · excluded $385,200

7a · Gross sales of assets other than inventory

other assets $19,000

7b · Less cost or other basis and sales expenses

other assets $2,239

7c · Gain or loss

other assets $16,761

7d · Net gain or loss

total $16,761 · excluded $16,761

11a · Other revenue: Contract Revenue

total $867,227 · related or exempt $867,227

11b · Other revenue: Non-operating Income

total $30,498 · related or exempt $30,498

11e · Other revenue, total

$897,725

4 · Benefits paid to or for members

total $6,935,553

5 · Compensation of officers, directors and key employees

total $611,382

20 · Interest

total $2,511,534

22 · Depreciation, depletion and amortization

total $4,442,731

24a · Other expenses: Cost of Power

total $32,679,067

24b · Other expenses: Dist Exp - Maintenance

total $4,264,578

24c · Other expenses: Dist Exp - Operation

total $2,484,836

24d · Other expenses: Admin & Gen Expense

total $2,225,022

24e · All other expenses

total $2,549,062

1 · Cash, non-interest-bearing

beginning of year $2,425,390 · end of year $2,724,107

2 · Savings and temporary cash investments

beginning of year $427,716 · end of year $589,544

4 · Accounts receivable

beginning of year $5,489,527 · end of year $5,698,501

8 · Inventories for sale or use

beginning of year $823,776 · end of year $677,731

9 · Prepaid expenses and deferred charges

beginning of year $235,690 · end of year $270,909

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

$146,916,580

10b · Land, buildings and equipment: accumulated depreciation

$22,443,195

10c · Land, buildings and equipment, net

beginning of year $119,900,244 · end of year $124,473,385

11 · Investments: publicly traded securities

beginning of year $16,257,262 · end of year $10,149,868

13 · Investments: program-related

beginning of year $22,505,601 · end of year $23,054,494

15 · Other assets

beginning of year $1,840,672 · end of year $1,543,581

17 · Accounts payable and accrued expenses

beginning of year $6,641,957 · end of year $6,512,500

19 · Deferred revenue

beginning of year $340,299 · end of year $3,309,475

23 · Secured mortgages and notes payable

beginning of year $87,109,054 · end of year $80,049,085

25 · Other liabilities

beginning of year $3,883,300 · end of year $3,881,216

29 · Capital stock, trust principal or current funds

beginning of year $89,432 · end of year $90,082

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 $71,841,836 · end of year $75,339,762