Form 990 for tax year 2024

2a · Program service revenue: ELECTRIC REVENUES

total $139,519,657 · related or exempt $139,519,657

2b · Program service revenue: POLE RENTALS

total $3,087,884 · excluded $3,087,884

3 · Investment income

total $130,050 · excluded $130,050

7a · Gross sales of assets other than inventory

other assets $143,863

7c · Gain or loss

other assets $143,863

7d · Net gain or loss

total $143,863 · related or exempt $143,863

11a · Other revenue: PATRONAGE CAPITAL

total $86,814 · related or exempt $86,814

11b · Other revenue: MISCELLANEOUS

total $337 · related or exempt $337

11e · Other revenue, total

$87,151

1 · Grants to domestic organizations and governments

total $10,000

5 · Compensation of officers, directors and key employees

total $806,024

7 · Other salaries and wages

total $5,406,431

8 · Pension plan contributions

total $800,772

9 · Other employee benefits

total $2,042,668

11b · Fees: legal

total $360,999

11c · Fees: accounting

total $30,100

11g · Fees: other

total $460,823

12 · Advertising and promotion

total $38,562

19 · Conferences, conventions and meetings

total $148,193

20 · Interest

total $1,606,773

22 · Depreciation, depletion and amortization

total $9,470,214

23 · Insurance

total $273,627

24a · Other expenses: COST OF POWER

total $97,892,836

24b · Other expenses: DISTRIBUTION EXP - MAINT

total $6,192,156

24c · Other expenses: DISTRIBUTIONS EXP - OPER

total $3,727,761

24d · Other expenses: ADMIN AND GENERAL

total $2,090,714

24e · All other expenses

total $2,897,442

1 · Cash, non-interest-bearing

beginning of year $1,919,367 · end of year $2,185,109

2 · Savings and temporary cash investments

beginning of year $5,535,901 · end of year $5,557,402

4 · Accounts receivable

beginning of year $6,948,493 · end of year $8,431,440

8 · Inventories for sale or use

beginning of year $4,382,025 · end of year $3,584,393

9 · Prepaid expenses and deferred charges

beginning of year $2,401,698 · end of year $2,668,975

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

$323,560,426

10b · Land, buildings and equipment: accumulated depreciation

$125,820,372

10c · Land, buildings and equipment, net

beginning of year $185,388,194 · end of year $197,740,054

11 · Investments: publicly traded securities

beginning of year $343,744 · end of year $369,571

12 · Investments: other securities

beginning of year $1,197,019 · end of year $1,197,019

15 · Other assets

beginning of year $3,598,492 · end of year $3,872,777

17 · Accounts payable and accrued expenses

beginning of year $61,797,628 · end of year $45,989,046

24 · Unsecured notes and loans payable

beginning of year $23,404,676 · end of year $26,739,710

25 · Other liabilities

beginning of year $7,080,698 · end of year $7,261,663

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

beginning of year $218,560 · end of year $220,755

31 · Retained earnings, endowment or other funds

beginning of year $119,213,371 · end of year $145,395,566