Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: ELECTRIC REVENUE

  total $22,880,806 · related or exempt $22,880,806

• 2b · Program service revenue: OTHER REVENUE

  total $855,338 · excluded $855,338

• 3 · Investment income

  total $106,521 · excluded $106,521

• 6a · Gross rents

  real property $5,080

• 6c · Rental income or loss

  real property $5,080

• 6d · Net rental income or loss

  total $5,080 · excluded $5,080

• 7a · Gross sales of assets other than inventory

  other assets $42,765

• 7c · Gain or loss

  other assets $42,765

• 7d · Net gain or loss

  total $42,765 · related or exempt $42,765

• 10a · Gross sales of inventory

  $147,353

• 10b · Cost of goods sold

  $127,321

• 10c · Net income from sales of inventory

  total $20,032 · related or exempt $20,032

• 11a · Other revenue: MISCELLANEOUS NONOP INCOME

  total $156,320 · related or exempt $156,320

• 11e · Other revenue, total

  $156,320

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $1,439,564

• 5 · Compensation of officers, directors and key employees

  total $448,160

• 20 · Interest

  total $989,999

• 22 · Depreciation, depletion and amortization

  total $2,641,077

• 24a · Other expenses: COST OF PURCHASED POWER

  total $12,661,993

• 24b · Other expenses: DISTRIBUTION - OPERATIONS

  total $1,613,132

• 24c · Other expenses: ADMINISTRATIVE AND GENERA

  total $1,321,194

• 24d · Other expenses: DISTRIBUTION - MAINTENANC

  total $1,228,475

• 24e · All other expenses

  total $1,207,608

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $486,220 · end of year $512,332

• 2 · Savings and temporary cash investments

  beginning of year $149,072 · end of year $1,197

• 4 · Accounts receivable

  beginning of year $2,064,295 · end of year $2,213,647

• 7 · Other notes and loans receivable

  beginning of year $65,692 · end of year $65,609

• 8 · Inventories for sale or use

  beginning of year $1,668,212 · end of year $1,262,564

• 9 · Prepaid expenses and deferred charges

  beginning of year $112,518 · end of year $115,539

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

  $79,334,484

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

  $23,488,230

• 10c · Land, buildings and equipment, net

  beginning of year $54,715,921 · end of year $55,846,254

• 13 · Investments: program-related

  beginning of year $13,739,149 · end of year $13,607,317

• 14 · Intangible assets

  beginning of year $808 · end of year $808

• 15 · Other assets

  beginning of year $62,674 · end of year $85,627

• 17 · Accounts payable and accrued expenses

  beginning of year $2,548,208 · end of year $2,733,784

• 23 · Secured mortgages and notes payable

  beginning of year $31,892,764 · end of year $30,874,284

• 25 · Other liabilities

  beginning of year $2,144,174 · end of year $2,342,045

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $8,650,862 · end of year $9,208,120

• 31 · Retained earnings, endowment or other funds

  beginning of year $27,828,553 · end of year $28,552,661

The filer's explanations (Part III)

SCHEDULE J, PART III

PART I, LINE 3 - RELATED ORG METHODS USED FOR COMPENSATION EXPLANATION EXPLANATION: THE BOARD OF DIRECTORS COMPLETE AN ANNUAL PERFORMANCE REVIEW OF THE GENERAL MANAGER/CEO AND USE SEVERAL WAGE COMPARISON DATA TO DETERMINE THE GENERAL MANAGER/CEO'S SALARY. DATA SOURCES INCLUDE THE FORM 990 OF OTHER ELECTRIC COOPERATIVES AND THE NRECA COMPENSATION STUDY, WHICH INCLUDES WAGE COMPARISON BY REGION, STATE, POWER SUPPLIER, AND COOPERATIVE SIZE.