Form 990 for tax year 2022

2a · Program service revenue: Sales of Electricity

total $50,782,697 · related or exempt $50,782,697

2b · Program service revenue: Patronage Capital

total $784,923 · related or exempt $784,923

3 · Investment income

total $832,478 · excluded $832,478

6a · Gross rents

personal property $414,838

6b · Less rental expenses

personal property $0

6c · Rental income or loss

personal property $414,838

6d · Net rental income or loss

total $414,838 · excluded $414,838

7a · Gross sales of assets other than inventory

other assets $119,040

7b · Less cost or other basis and sales expenses

other assets $25,690

7c · Gain or loss

other assets $93,350

7d · Net gain or loss

total $93,350 · excluded $93,350

11a · Other revenue: Contract Revenue

total $359,522 · related or exempt $359,522

11b · Other revenue: Non-operating Income

total $29,629 · related or exempt $29,629

11e · Other revenue, total

$389,151

4 · Benefits paid to or for members

total $1,230,010

5 · Compensation of officers, directors and key employees

total $599,308

20 · Interest

total $2,498,507

22 · Depreciation, depletion and amortization

total $4,205,573

24a · Other expenses: Cost of Power

total $32,249,685

24b · Other expenses: Dist Exp - Maintenance

total $2,992,243

24c · Other expenses: Unrealized loss on inve

total $2,825,388

24d · Other expenses: Dist Exp - Operation

total $2,521,230

24e · All other expenses

total $4,175,493

1 · Cash, non-interest-bearing

beginning of year $1,713,908 · end of year $2,425,390

2 · Savings and temporary cash investments

beginning of year $284,129 · end of year $427,716

4 · Accounts receivable

beginning of year $4,276,070 · end of year $5,489,527

8 · Inventories for sale or use

beginning of year $577,364 · end of year $823,776

9 · Prepaid expenses and deferred charges

beginning of year $265,067 · end of year $235,690

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

$140,135,818

10b · Land, buildings and equipment: accumulated depreciation

$20,235,574

10c · Land, buildings and equipment, net

beginning of year $115,066,171 · end of year $119,900,244

11 · Investments: publicly traded securities

beginning of year $23,321,927 · end of year $16,257,262

13 · Investments: program-related

beginning of year $22,611,860 · end of year $22,505,601

15 · Other assets

beginning of year $2,191,841 · end of year $1,840,672

17 · Accounts payable and accrued expenses

beginning of year $6,318,118 · end of year $6,641,957

19 · Deferred revenue

end of year $340,299

23 · Secured mortgages and notes payable

beginning of year $88,387,612 · end of year $87,109,054

25 · Other liabilities

beginning of year $3,991,514 · end of year $3,883,300

29 · Capital stock, trust principal or current funds

beginning of year $88,417 · end of year $89,432

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 $71,522,676 · end of year $71,841,836