Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: DISTRIBUTION OF ELECTRICITY

  total $13,217,381 · related or exempt $13,217,381

• 2b · Program service revenue: PATRONAGE CAPITAL

  total $541,379 · related or exempt $541,379

• 3 · Investment income

  total $38,913 · excluded $38,913

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

  other assets $16,145

• 7c · Gain or loss

  other assets -$16,145

• 7d · Net gain or loss

  total -$16,145 · excluded -$16,145

• 10a · Gross sales of inventory

  $361,881

• 10b · Cost of goods sold

  $328,052

• 10c · Net income from sales of inventory

  total $33,829 · related or exempt $28,564 · unrelated business $5,265

• 11a · Other revenue: OTHER NONOPERATING INCOME

  total $3,070 · related or exempt $3,070

• 11e · Other revenue, total

  $3,070

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $6,337

• 4 · Benefits paid to or for members

  total $862,562

• 5 · Compensation of officers, directors and key employees

  total $291,001

• 7 · Other salaries and wages

  total $1,475,855

• 8 · Pension plan contributions

  total $301,897

• 9 · Other employee benefits

  total $326,359

• 10 · Payroll taxes

  total $126,592

• 20 · Interest

  total $717,164

• 22 · Depreciation, depletion and amortization

  total $939,967

• 24a · Other expenses: COST OF PURCHASED POWER

  total $7,922,534

• 24b · Other expenses: DISTRIBUTION - OPERATIO

  total $1,019,866

• 24c · Other expenses: DISTRIBUTION - MAINTENA

  total $519,757

• 24d · Other expenses: CUSTOMER ACCOUNTS

  total $295,743

• 24e · All other expenses

  total -$1,278,116

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $50,969 · end of year $27,593

• 2 · Savings and temporary cash investments

  beginning of year $371,590 · end of year $413,359

• 4 · Accounts receivable

  beginning of year $1,263,167 · end of year $1,471,304

• 8 · Inventories for sale or use

  beginning of year $1,610,646 · end of year $1,741,596

• 9 · Prepaid expenses and deferred charges

  beginning of year $166,439 · end of year $151,318

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

  $41,735,350

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

  $14,312,562

• 10c · Land, buildings and equipment, net

  beginning of year $26,815,470 · end of year $27,422,788

• 13 · Investments: program-related

  beginning of year $7,830,987 · end of year $8,028,946

• 15 · Other assets

  beginning of year $3,100 · end of year $3,215

• 17 · Accounts payable and accrued expenses

  beginning of year $1,360,998 · end of year $1,320,303

• 23 · Secured mortgages and notes payable

  beginning of year $15,509,817 · end of year $15,933,655

• 25 · Other liabilities

  beginning of year $402,363 · end of year $428,334

• 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 $20,839,190 · end of year $21,577,827

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 $66,733 - NATHAN BAUER $40,969 - THOMAS BROCKHAUS $8,513 - ANDREW MCGILL $22,660 - DUSTIN BORSAMLE $15,194 ACTUAL COOPERATIVE CONTRIBUTIONS TO THE DEFINED BENEFIT PLAN ARE AS FOLLOWS: - KENT AMUNDSON $32,609 - NATHAN BAUER $24,624 - THOMAS BROCKHAUS $18,284 - ANDREW MCGILL $19,008 - DUSTIN BORSAMLE $18,284