Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: DISTRIBUTION OF ELECTRICITY

  total $10,993,576 · related or exempt $10,993,576

• 2b · Program service revenue: PATRONAGE CAPITAL

  total $710,790 · related or exempt $710,790

• 3 · Investment income

  total $21,587 · excluded $21,587

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

  other assets $27,851

• 7c · Gain or loss

  other assets -$27,851

• 7d · Net gain or loss

  total -$27,851 · excluded -$27,851

• 10a · Gross sales of inventory

  $361,499

• 10b · Cost of goods sold

  $313,048

• 10c · Net income from sales of inventory

  total $48,451 · related or exempt $48,451

• 11a · Other revenue: OTHER NONOPERATING INCOME

  total $5,092 · related or exempt $5,092

• 11e · Other revenue, total

  $5,092

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $6,531

• 4 · Benefits paid to or for members

  total $911,256

• 5 · Compensation of officers, directors and key employees

  total $276,902

• 7 · Other salaries and wages

  total $1,283,280

• 8 · Pension plan contributions

  total $243,861

• 9 · Other employee benefits

  total $270,068

• 10 · Payroll taxes

  total $110,996

• 20 · Interest

  total $579,132

• 22 · Depreciation, depletion and amortization

  total $871,331

• 24a · Other expenses: COST OF PURCHASED POWER

  total $6,096,821

• 24b · Other expenses: DISTRIBUTION - OPERATIO

  total $1,006,191

• 24c · Other expenses: DISTRIBUTION - MAINTENA

  total $344,990

• 24d · Other expenses: CUSTOMER ACCOUNTS

  total $262,803

• 24e · All other expenses

  total -$1,083,534

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $23,034 · end of year $21,481

• 2 · Savings and temporary cash investments

  beginning of year $52,477 · end of year $846,323

• 4 · Accounts receivable

  beginning of year $1,145,433 · end of year $1,096,851

• 8 · Inventories for sale or use

  beginning of year $1,571,716 · end of year $1,521,324

• 9 · Prepaid expenses and deferred charges

  beginning of year $158,364 · end of year $169,113

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

  $38,245,378

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

  $13,054,221

• 10c · Land, buildings and equipment, net

  beginning of year $23,797,820 · end of year $25,191,157

• 12 · Investments: other securities

  beginning of year $299 · end of year $0

• 13 · Investments: program-related

  beginning of year $5,170,580 · end of year $5,706,633

• 15 · Other assets

  beginning of year $3,107 · end of year $3,108

• 17 · Accounts payable and accrued expenses

  beginning of year $926,139 · end of year $1,087,533

• 23 · Secured mortgages and notes payable

  beginning of year $11,695,395 · end of year $13,197,551

• 25 · Other liabilities

  beginning of year $112,479 · end of year $172,891

• 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 $19,188,817 · end of year $20,098,015

The filer's explanations (Part III)

SCHEDULE J, PART II, COLUMN C

INCLUDED IN THE AMOUNT REPORTED IN COLUMN C FOR THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN ARE AS FOLLOWS: - KENT AMUNDSON $47,246 - NATHAN BAUER $28,425 - ANDREW MCGILL $16,785 ACTUAL COOPERATIVE CONTRIBUTIONS TO THE DEFINED BENEFIT PLAN ARE AS FOLLOWS: - KENT AMUNDSON $31,568 - NATHAN BAUER $23,639 - ANDREW MCGILL $15,798