Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: OPERATING REVENUE

  total $28,797,013 · related or exempt $28,797,013

• 2b · Program service revenue: POLE RENTAL

  total $188,225 · excluded $188,225

• 3 · Investment income

  total $34,397 · excluded $34,397

• 7a · Gross sales of assets other than inventory

  other assets $25,669

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

  other assets $17,688

• 7c · Gain or loss

  other assets $7,981

• 7d · Net gain or loss

  total $7,981 · excluded $7,981

• 11a · Other revenue: PATRONAGE DIVIDENDS

  total $234,228 · related or exempt $234,228

• 11b · Other revenue: GAIN (LOSS) POST-RET BENEFITS

  total $22,798 · related or exempt $22,798

• 11c · Other revenue: NONOPERATING INCOME

  total $8,508 · related or exempt $8,508

• 11e · Other revenue, total

  $265,534

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $12,000

• 4 · Benefits paid to or for members

  total $2,387,899

• 5 · Compensation of officers, directors and key employees

  total $652,850

• 7 · Other salaries and wages

  total $1,131,736

• 10 · Payroll taxes

  total $34,665

• 20 · Interest

  total $1,297,371

• 22 · Depreciation, depletion and amortization

  total $2,755,168

• 24a · Other expenses: PURCHASED POWER EXPENSE

  total $10,805,595

• 24b · Other expenses: TRANSMISSION AND DISTRI

  total $5,858,926

• 24c · Other expenses: CUSTOMER AND MEMBER SER

  total $1,931,002

• 24d · Other expenses: GENERAL AND ADMINITRATI

  total $1,124,248

• 24e · All other expenses

  total $993,778

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $7,543

• 2 · Savings and temporary cash investments

  beginning of year $237,938 · end of year $313,242

• 4 · Accounts receivable

  beginning of year $8,460,611 · end of year $10,464,369

• 8 · Inventories for sale or use

  beginning of year $1,393,578 · end of year $1,807,417

• 9 · Prepaid expenses and deferred charges

  beginning of year $536,150 · end of year $538,196

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

  $101,212,592

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

  $34,806,562

• 10c · Land, buildings and equipment, net

  beginning of year $64,435,532 · end of year $66,406,030

• 12 · Investments: other securities

  beginning of year $3,747,337 · end of year $3,886,447

• 15 · Other assets

  beginning of year $1,043,728 · end of year $1,049,163

• 17 · Accounts payable and accrued expenses

  beginning of year $7,503,882 · end of year $9,462,243

• 23 · Secured mortgages and notes payable

  beginning of year $34,471,080 · end of year $34,865,220

• 25 · Other liabilities

  beginning of year $1,597,436 · end of year $1,688,872

• 29 · Capital stock, trust principal or current funds

  beginning of year $2,784,574 · end of year $2,784,574

• 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 $33,505,445 · end of year $35,663,955

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION FOR THE COOPERATIVE'S GENERAL MANAGER IS SET ANNUALLY BY THE BOARD OF DIRECTORS. THIS IS DISCRETIONARY BASED ON PERFORMANCE TO THE EXTENT IT FALLS WITHIN THE ESTABLISHED RANGE. THIS RANGE IS DEVELOPED AND REVIEWED PERIODICALLY BASED ON AVERAGES AND COMPILED FROM BOTH INDUSTRY SURVEYS AND INFORMATION OBTAINED FROM COMPARABLE UTILITIES.