Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALE OF ELECTRICITY

  total $137,332,298 · related or exempt $137,332,298

• 2f · All other program service revenue

  total $294,057 · related or exempt $294,057

• 3 · Investment income

  total $136,097 · excluded $136,097

• 6a · Gross rents

  real property $122,308 · personal property $535,607

• 6b · Less rental expenses

  real property $0 · personal property $0

• 6c · Rental income or loss

  real property $122,308 · personal property $535,607

• 6d · Net rental income or loss

  total $657,915 · excluded $657,915

• 7a · Gross sales of assets other than inventory

  other assets $362,861

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

  other assets $80,033

• 7c · Gain or loss

  other assets $282,828

• 7d · Net gain or loss

  total $282,828 · excluded $282,828

• 9a · Gaming: gross income

  $19,008

• 9b · Gaming: direct expenses

  $2,230

• 9c · Net income from gaming

  total $16,778 · excluded $16,778

• 11a · Other revenue: OTHER COOPERATIVE CAPITAL CREDITS

  total $1,766,341 · related or exempt $1,766,341

• 11e · Other revenue, total

  $1,766,341

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $56,860

• 4 · Benefits paid to or for members

  total $5,269,392

• 5 · Compensation of officers, directors and key employees

  total $1,915,153

• 6 · Compensation of disqualified persons

  total $15,042

• 7 · Other salaries and wages

  total $14,988,216

• 8 · Pension plan contributions

  total $4,411,063

• 10 · Payroll taxes

  total $1,234,408

• 20 · Interest

  total $7,048,348

• 22 · Depreciation, depletion and amortization

  total $11,049,685

• 24a · Other expenses: COST OF POWER

  total $76,367,338

• 24b · Other expenses: DISTRIBUTION - MAINTENA

  total $11,588,484

• 24c · Other expenses: DISTRIBUTION - OPERATIO

  total $5,784,784

• 24d · Other expenses: TAXES

  total $5,485,458

• 24e · All other expenses

  total -$6,913,183

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $50,429 · end of year $3,694

• 4 · Accounts receivable

  beginning of year $16,362,531 · end of year $17,249,176

• 7 · Other notes and loans receivable

  beginning of year $1,582,335 · end of year $1,499,110

• 8 · Inventories for sale or use

  beginning of year $1,867,565 · end of year $1,763,042

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,011,949 · end of year $2,154,270

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

  $432,570,638

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

  $176,241,888

• 10c · Land, buildings and equipment, net

  beginning of year $245,223,798 · end of year $256,328,750

• 12 · Investments: other securities

  beginning of year $739,012 · end of year $887,566

• 13 · Investments: program-related

  beginning of year $13,819,785 · end of year $14,106,105

• 15 · Other assets

  beginning of year $14,674 · end of year $283,338

• 17 · Accounts payable and accrued expenses

  beginning of year $16,671,626 · end of year $19,024,358

• 23 · Secured mortgages and notes payable

  beginning of year $145,553,860 · end of year $151,256,949

• 24 · Unsecured notes and loans payable

  beginning of year $2,093,804 · end of year $1,055,735

• 25 · Other liabilities

  beginning of year $31,191,857 · end of year $32,070,050

• 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 $4,349,031 · end of year $4,691,052

• 31 · Retained earnings, endowment or other funds

  beginning of year $82,811,900 · end of year $86,176,907

The filer's explanations (Part III)

SCHEDULE J, PART II, COLUMN (C)

PART II COLUMN (C) INCLUDES THE CHANGE IN ACTUARIAL VALUE IN THE DEFINED BENEFIT PLAN FOR ALL PERSONS INCLUDED ON SCHEDULE J. THE ACTUAL CONTRIBUTION TO THE DEFINED BENEFIT PLAN FOR EACH RESPECTIVE EMPLOYEE IS NOT INCLUDED IN COLUMN (C).