Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALE OF ELECTRICITY

  total $70,412,683 · related or exempt $70,412,683

• 2b · Program service revenue: COOPERATIVE CAPITAL CREDITS

  total $6,245,890 · related or exempt $6,245,890

• 3 · Investment income

  total $120,021 · excluded $120,021

• 6a · Gross rents

  real property $9,619

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $9,619

• 6d · Net rental income or loss

  total $9,619 · related or exempt $9,619

• 7a · Gross sales of assets other than inventory

  other assets $482,147

• 7b · Less cost or other basis and sales expenses

  other assets $322,467

• 7c · Gain or loss

  other assets $159,680

• 7d · Net gain or loss

  total $159,680 · excluded $159,680

• 10a · Gross sales of inventory

  $513,801

• 10b · Cost of goods sold

  $549,351

• 10c · Net income from sales of inventory

  total -$35,550 · related or exempt -$35,550

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $49,502

• 4 · Benefits paid to or for members

  total $10,878,610

• 5 · Compensation of officers, directors and key employees

  total $1,059,045

• 7 · Other salaries and wages

  total $4,929,058

• 8 · Pension plan contributions

  total $944,865

• 10 · Payroll taxes

  total $426,602

• 20 · Interest

  total $3,328,834

• 22 · Depreciation, depletion and amortization

  total $5,772,293

• 24a · Other expenses: PURCHASED POWER

  total $46,634,275

• 24b · Other expenses: DISTRIBUTION - OPERATIO

  total $2,756,126

• 24c · Other expenses: DISTRIBUTION - MAINTENA

  total $1,973,227

• 24d · Other expenses: CUSTOMER ACCOUNTS

  total $1,246,813

• 24e · All other expenses

  total -$3,086,907

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,092,097 · end of year $1,011,945

• 2 · Savings and temporary cash investments

  beginning of year $1,960,000 · end of year $1,600,000

• 4 · Accounts receivable

  beginning of year $6,326,564 · end of year $8,015,320

• 8 · Inventories for sale or use

  beginning of year $8,443,044 · end of year $9,881,048

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,388,761 · end of year $2,472,084

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

  $198,069,008

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

  $47,888,928

• 10c · Land, buildings and equipment, net

  beginning of year $138,766,931 · end of year $150,180,080

• 12 · Investments: other securities

  beginning of year $468,535 · end of year $1,615,908

• 13 · Investments: program-related

  beginning of year $41,733,335 · end of year $46,636,906

• 14 · Intangible assets

  beginning of year $7,246 · end of year $7,246

• 15 · Other assets

  beginning of year $1,012,888 · end of year $2,085,542

• 17 · Accounts payable and accrued expenses

  beginning of year $7,047,655 · end of year $7,985,970

• 23 · Secured mortgages and notes payable

  beginning of year $119,314,193 · end of year $129,245,436

• 25 · Other liabilities

  beginning of year $1,517,777 · end of year $3,678,763

• 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 $74,319,776 · end of year $82,595,910

The filer's explanations (Part III)

SCHEDULE J, PART II, LINE 1, COLUMN C

INCLUDED IN THE AMOUNT REPORTED IN COLUMN C FOR THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN ARE AS FOLLOWS: - JON WUNDER $17,617 - JOHN EUCHNER $71,916 - TROY PETERS $100,836 - ADAM STARK $40,523 ACTUAL COOPERATIVE CONTRIBUTIONS TO THE DEFINED BENEFIT PLAN ARE AS FOLLOWS: - JON WUNDER $18,283 - JOHN EUCHNER $28,932 - TROY PETERS $27,343 - ADAM STARK $27,343