Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALE OF ELECTRICITY

  total $15,109,227 · related or exempt $15,109,227

• 2b · Program service revenue: COOP CAPITAL CREDITS

  total $1,103,690 · related or exempt $1,103,690

• 2c · Program service revenue: OTHER REVENUE

  total $521,706 · related or exempt $521,706

• 3 · Investment income

  total $143,539 · excluded $143,539

• 7a · Gross sales of assets other than inventory

  other assets $83,520

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

  other assets $0

• 7c · Gain or loss

  other assets $83,520

• 7d · Net gain or loss

  total $83,520 · excluded $83,520

• 10a · Gross sales of inventory

  $60,608

• 10b · Cost of goods sold

  $40,825

• 10c · Net income from sales of inventory

  total $19,783 · related or exempt $19,783

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $4,100

• 4 · Benefits paid to or for members

  total $1,356,949

• 5 · Compensation of officers, directors and key employees

  total $423,578

• 6 · Compensation of disqualified persons

  total $222,619

• 7 · Other salaries and wages

  total $1,782,472

• 8 · Pension plan contributions

  total $267,080

• 10 · Payroll taxes

  total $165,095

• 20 · Interest

  total $921,267

• 22 · Depreciation, depletion and amortization

  total $2,206,608

• 24a · Other expenses: COST OF POWER

  total $8,027,693

• 24b · Other expenses: ADMIN & GENERAL

  total $1,482,480

• 24c · Other expenses: DISTRIBUTION-MAINTENANC

  total $947,698

• 24d · Other expenses: CONSUMER ACCOUNTS

  total $460,037

• 24e · All other expenses

  total -$1,580,704

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $5,868,514 · end of year $6,766,032

• 4 · Accounts receivable

  beginning of year $1,143,821 · end of year $1,712,390

• 8 · Inventories for sale or use

  beginning of year $966,587 · end of year $4,311,854

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,566,544 · end of year $940,114

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

  $75,280,366

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

  $30,417,598

• 10c · Land, buildings and equipment, net

  beginning of year $44,993,130 · end of year $44,862,768

• 12 · Investments: other securities

  beginning of year $664,884 · end of year $655,591

• 13 · Investments: program-related

  beginning of year $7,591,883 · end of year $8,229,223

• 17 · Accounts payable and accrued expenses

  beginning of year $1,336,263 · end of year $1,990,748

• 23 · Secured mortgages and notes payable

  beginning of year $36,506,295 · end of year $39,772,084

• 25 · Other liabilities

  beginning of year $1,259,036 · end of year $1,415,500

• 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 $23,693,769 · end of year $24,299,640

The filer's explanations (Part III)

SCHEDULE J, PART II, COLUMN (C)

INCLUDED IN PART II, COLUMN (C) IS THE CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR ANNA HAYNES IN THE AMOUNT OF $58,008, AND FOR JOSH FANNING IN THE AMOUNT OF $44,898. THE COOPERATIVE'S ACTUAL EXPENSE FOR ANNA AND JOSH'S PARTICIPATION IN THIS PLAN IN 2022 WAS $23,603 AND $32,410 RESPECTIVELY.