Form 990 for tax year 2023

2a · Program service revenue: SALE AND DIST. OF ELECT.

total $226,625,765 · related or exempt $226,625,765

2b · Program service revenue: CONT. IN AID OF CONST.

total $15,945,922 · related or exempt $15,945,922

2c · Program service revenue: PATRONAGE CAPITAL - REC

total $394,200 · related or exempt $394,200

2d · Program service revenue: SURGE PROTECTOR PROGRAM

total $71,890 · related or exempt $71,890

3 · Investment income

total $835,360 · excluded $835,360

6a · Gross rents

personal property $1,270,650

6c · Rental income or loss

personal property $1,270,650

6d · Net rental income or loss

total $1,270,650 · excluded $1,270,650

7a · Gross sales of assets other than inventory

other assets $151,710

7b · Less cost or other basis and sales expenses

other assets $45,992

7c · Gain or loss

other assets $105,718

7d · Net gain or loss

total $105,718 · excluded $105,718

11a · Other revenue: OTHER INCOME

total $18,336 · related or exempt $18,336

11e · Other revenue, total

$18,336

1 · Grants to domestic organizations and governments

total $131,000

4 · Benefits paid to or for members

total $25,682,058

5 · Compensation of officers, directors and key employees

total $2,373,839

7 · Other salaries and wages

total $17,747,793

8 · Pension plan contributions

total $1,857,856

9 · Other employee benefits

total $48,203

10 · Payroll taxes

total $1,555,026

11b · Fees: legal

total $107,050

17 · Travel

total $1,848,215

19 · Conferences, conventions and meetings

total $649,582

20 · Interest

total $5,625,521

22 · Depreciation, depletion and amortization

total $13,750,168

24a · Other expenses: COST OF POWER

total $149,088,428

24b · Other expenses: DISTRIBUTION MAINTENANCE

total $6,773,679

24c · Other expenses: ADMIN AND GENERAL

total $4,885,723

24d · Other expenses: DISTRIBUTION OPERATION

total $4,139,054

24e · All other expenses

total -$4,722,277

1 · Cash, non-interest-bearing

beginning of year $3,518,060 · end of year $5,219,079

2 · Savings and temporary cash investments

beginning of year $16,758,000 · end of year $7,156,000

4 · Accounts receivable

beginning of year $29,009,096 · end of year $27,741,041

8 · Inventories for sale or use

beginning of year $9,669,140 · end of year $12,451,815

9 · Prepaid expenses and deferred charges

beginning of year $2,103,460 · end of year $1,858,715

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

$510,844,867

10b · Land, buildings and equipment: accumulated depreciation

$211,732,856

10c · Land, buildings and equipment, net

beginning of year $290,843,363 · end of year $299,112,011

12 · Investments: other securities

beginning of year $2,300,788 · end of year $2,300,788

13 · Investments: program-related

beginning of year $75,044,956 · end of year $77,132,955

17 · Accounts payable and accrued expenses

beginning of year $23,504,544 · end of year $19,174,606

23 · Secured mortgages and notes payable

beginning of year $162,953,125 · end of year $153,501,679

25 · Other liabilities

beginning of year $31,943,642 · end of year $30,619,513

31 · Retained earnings, endowment or other funds

beginning of year $210,845,552 · end of year $229,676,606