Form 990 for tax year 2023

2a · Program service revenue: SALE OF ELECTRICITY

total $64,959,492 · related or exempt $64,959,492

3 · Investment income

total $392,745 · excluded $392,745

6a · Gross rents

real property $80,280

6b · Less rental expenses

real property $0

6c · Rental income or loss

real property $80,280

6d · Net rental income or loss

total $80,280 · excluded $80,280

7a · Gross sales of assets other than inventory

other assets $62,781

7b · Less cost or other basis and sales expenses

other assets $44,240

7c · Gain or loss

other assets $18,541

7d · Net gain or loss

total $18,541 · excluded $18,541

10a · Gross sales of inventory

$135,550

10b · Cost of goods sold

$122,603

10c · Net income from sales of inventory

total $12,947 · related or exempt $12,947

11a · Other revenue: CAPITAL CREDITS

total $2,624,689 · related or exempt $2,624,689

11b · Other revenue: SUBSIDIARY INCOME

total $826,193 · related or exempt $771,652 · unrelated business $54,541

11c · Other revenue: MISCELLANEOUS FEES

total $19,324 · related or exempt $19,324

11e · Other revenue, total

$3,470,206

4 · Benefits paid to or for members

total $5,985,270

5 · Compensation of officers, directors and key employees

total $982,606

20 · Interest

total $2,013,639

22 · Depreciation, depletion and amortization

total $5,067,594

24a · Other expenses: COST OF POWER

total $41,815,404

24b · Other expenses: OPERATIONS

total $4,197,138

24c · Other expenses: MAINTENANCE

total $3,736,995

24d · Other expenses: GENERAL & ADMIN

total $2,763,175

24e · All other expenses

total $2,372,390

1 · Cash, non-interest-bearing

beginning of year $1,199,557 · end of year $1,568,470

2 · Savings and temporary cash investments

beginning of year $8,079,157 · end of year $693,520

4 · Accounts receivable

beginning of year $5,776,005 · end of year $6,373,420

8 · Inventories for sale or use

beginning of year $3,601,551 · end of year $3,940,563

9 · Prepaid expenses and deferred charges

beginning of year $406,912 · end of year $551,321

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

$163,021,027

10b · Land, buildings and equipment: accumulated depreciation

$51,735,655

10c · Land, buildings and equipment, net

beginning of year $103,865,861 · end of year $111,285,372

12 · Investments: other securities

beginning of year $34,143,702 · end of year $39,343,619

15 · Other assets

beginning of year $827,607 · end of year $672,102

17 · Accounts payable and accrued expenses

beginning of year $8,719,251 · end of year $10,233,350

23 · Secured mortgages and notes payable

beginning of year $70,628,256 · end of year $69,848,504

25 · Other liabilities

beginning of year $2,833,766 · end of year $5,202,662

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 $75,719,079 · end of year $79,143,871