Form 990 for tax year 2023

2a · Program service revenue: SALE OF ELECTRICITY

total $129,674,348 · related or exempt $129,674,348

2b · Program service revenue: ELECTRIC SYSTEM ACCESS REVENUE

total $4,446,161 · excluded $4,446,161

2c · Program service revenue: POLE RENTAL

total $1,180,347 · excluded $1,180,347

3 · Investment income

total $318,391 · excluded $318,391

5 · Royalties

total $683,930 · related or exempt $683,930

7a · Gross sales of assets other than inventory

other assets $232,999

7b · Less cost or other basis and sales expenses

other assets $21,630

7c · Gain or loss

other assets $211,369

7d · Net gain or loss

total $211,369 · related or exempt $211,369

11a · Other revenue: CAPITAL CREDIT ALLOCATIONS

total $4,526,459 · excluded $4,526,459

11b · Other revenue: OTHER

total $42,024 · related or exempt $42,024

11e · Other revenue, total

$4,568,483

4 · Benefits paid to or for members

total $11,287,366

5 · Compensation of officers, directors and key employees

total $2,073,464

20 · Interest

total $9,111,910

22 · Depreciation, depletion and amortization

total $10,183,221

24a · Other expenses: COST OF PURCHASED POWER

total $80,451,094

24b · Other expenses: DISTR EXP - MAINTENANCE

total $12,005,606

24c · Other expenses: DISTR EXP - OPERATIONS

total $6,902,642

24d · Other expenses: CONSUMER ACCOUNTS EXPEN

total $5,642,424

24e · All other expenses

total $3,425,302

2 · Savings and temporary cash investments

beginning of year $22,259,541 · end of year $9,423,618

4 · Accounts receivable

beginning of year $4,826,702 · end of year $5,946,744

8 · Inventories for sale or use

beginning of year $13,624,823 · end of year $13,254,079

9 · Prepaid expenses and deferred charges

beginning of year $3,068,731 · end of year $2,467,262

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

$355,910,349

10b · Land, buildings and equipment: accumulated depreciation

$55,174,350

10c · Land, buildings and equipment, net

beginning of year $239,924,615 · end of year $300,735,999

13 · Investments: program-related

beginning of year $45,734,671 · end of year $49,503,330

15 · Other assets

beginning of year $20,314,556 · end of year $9,025,782

17 · Accounts payable and accrued expenses

beginning of year $17,499,118 · end of year $15,786,040

23 · Secured mortgages and notes payable

beginning of year $174,939,781 · end of year $216,983,110

25 · Other liabilities

beginning of year $21,524,855 · end of year $22,340,451

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 $135,789,885 · end of year $135,247,213