Totals
- Total revenue
- $25,787,082
- Total expenses
- $24,801,937
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $25,323,664
- Investment income
- $329,308
- Other revenue
- $134,110
- Total assets, end of year
- $66,990,577
- Total liabilities, end of year
- $42,682,321
- Net assets or fund balances, end of year
- $24,308,256
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $24,801,937
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: RESIDENTIAL SALES
total $18,677,127 · related or exempt $18,677,127
-
2b · Program service revenue: RENT FROM ELECTRIC PROPERTY
total $3,699,356 · related or exempt $3,699,356
-
2c · Program service revenue: SMALL LIGHTING & POWER SALES
total $2,201,154 · related or exempt $2,201,154
-
2d · Program service revenue: LARGE LIGHTING & POWER SALES
total $2,165,546 · related or exempt $2,165,546
-
2e · Program service revenue: FD CONNECT
total $1,294,066 · related or exempt $1,294,066
-
2f · All other program service revenue
total -$2,713,585 · related or exempt -$2,713,585
-
3 · Investment income
total $352,210 · related or exempt $352,210
-
7a · Gross sales of assets other than inventory
other assets $108,790
-
7b · Less cost or other basis and sales expenses
other assets $131,692
-
7c · Gain or loss
other assets -$22,902
-
7d · Net gain or loss
total -$22,902 · related or exempt -$22,902
-
11a · Other revenue: FORFEITED DISCOUNTS
total $131,847 · related or exempt $131,847
-
11b · Other revenue: INCOME FROM JOBBING
total $2,090 · related or exempt $2,090
-
11c · Other revenue: OTHER ELECTRIC SERVICE
total $173 · related or exempt $173
-
11e · Other revenue, total
$134,110
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $287,073
-
7 · Other salaries and wages
total $642,169
-
12 · Advertising and promotion
total $124,963
-
13 · Office expenses
total $273,173
-
16 · Occupancy
total $64,146
-
20 · Interest
total $1,509,327
-
22 · Depreciation, depletion and amortization
total $2,762,187
-
24a · Other expenses: PURCHASED POWER
total $14,786,037
-
24b · Other expenses: MAINTENANCE EXPENSE
total $3,236,430
-
24c · Other expenses: DISTRIBUTION (OPERATING)
total $1,379,768
-
24d · Other expenses: FD OPERATING
total $1,253,088
-
24e · All other expenses
total -$1,516,424
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,981,388 · end of year $1,991,842
-
4 · Accounts receivable
beginning of year $2,295,763 · end of year $2,429,044
-
8 · Inventories for sale or use
beginning of year $1,215,030 · end of year $1,209,721
-
9 · Prepaid expenses and deferred charges
beginning of year $131,380 · end of year $160,812
-
10a · Land, buildings and equipment: cost or other basis
$80,696,542
-
10b · Land, buildings and equipment: accumulated depreciation
$21,243,191
-
10c · Land, buildings and equipment, net
beginning of year $56,833,416 · end of year $59,453,351
-
12 · Investments: other securities
beginning of year $325,017 · end of year $325,017
-
15 · Other assets
beginning of year $1,553,731 · end of year $1,420,790
-
17 · Accounts payable and accrued expenses
beginning of year $2,327,262 · end of year $2,357,998
-
23 · Secured mortgages and notes payable
beginning of year $35,762,177 · end of year $37,309,971
-
25 · Other liabilities
beginning of year $2,941,219 · end of year $3,014,352
-
29 · Capital stock, trust principal or current funds
beginning of year $60,770 · end of year $61,060
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $1,692,177 · end of year $1,692,177
-
31 · Retained earnings, endowment or other funds
beginning of year $21,552,120 · end of year $22,555,019
Mission and programs · 2023
Mission
ELECTRICITY SALES ARE GENERATED FROM SALES OF POWER TO THE COOPERATIVE MEMBERS. REVENUES ARE USED TO OFFSET PURCHASES OF POWER.
-
ELECTRICITY SALES ARE GENERATED FROM SALES OF POWER TO THE COOPERATIVE MEMBERS. REVENUES ARE USED TO OFFSET PURCHASES OF POWER.
Expenses $24,801,937 · Revenue $28,689,756
As filed on the 2023 return.
Listed in Part VII
-
Jeffery NewmanJEFFERY NEWMAN
GENERAL MANA
- Total calculated
- $205,672
- From this org
- $205,672
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $205,672
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $205,672
-
Ronnie FisherRONNIE FISHER
DIRECTOR
- Total calculated
- $10,250
- From this org
- $10,250
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Keith WarrenKEITH WARREN
PRESIDENT
- Total calculated
- $9,050
- From this org
- $9,050
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Ron WeirRON WEIR
DIRECTOR
- Total calculated
- $8,150
- From this org
- $8,150
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Mike HarrisMIKE HARRIS
DIRECTOR
- Total calculated
- $7,250
- From this org
- $7,250
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Wally ChildressWALLY CHILDRESS
DIRECTOR
- Total calculated
- $6,950
- From this org
- $6,950
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Ronnie RobertsRONNIE ROBERTS
DIRECTOR
- Total calculated
- $6,950
- From this org
- $6,950
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Johnnie FinleyJOHNNIE FINLEY
DIRECTOR
- Total calculated
- $6,350
- From this org
- $6,350
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Scotty NashSCOTTY NASH
DIRECTOR
- Total calculated
- $6,050
- From this org
- $6,050
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Don SmithDON SMITH
DIRECTOR
- Total calculated
- $4,850
- From this org
- $4,850
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Lynn BurnettLYNN BURNETT
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
David WalkerDAVID WALKER
SECRETARY/TR
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v6.0
- Source object
- 202530309349301218
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.