Form 990 for tax year 2023

2a · Program service revenue: Sales of Electricity

total $42,897,318 · related or exempt $42,897,318

2b · Program service revenue: Patronage Dividends

total $821,802 · related or exempt $821,802

3 · Investment income

total $291,403 · excluded $291,403

6a · Gross rents

personal property $434,691

6b · Less rental expenses

personal property $0

6c · Rental income or loss

personal property $434,691

6d · Net rental income or loss

total $434,691 · excluded $434,691

7a · Gross sales of assets other than inventory

other assets $10,172

7b · Less cost or other basis and sales expenses

other assets $0

7c · Gain or loss

other assets $10,172

7d · Net gain or loss

total $10,172 · excluded $10,172

4 · Benefits paid to or for members

total $4,068,270

5 · Compensation of officers, directors and key employees

total $985,652

20 · Interest

total $1,190,424

22 · Depreciation, depletion and amortization

total $3,841,482

24a · Other expenses: Cost of Power

total $26,128,328

24b · Other expenses: Dist Exp-Maintenance

total $4,279,262

24c · Other expenses: Admin & Gen Exp

total $1,920,641

24d · Other expenses: Consumer Accounts Exp

total $1,331,940

24e · All other expenses

total $709,387

1 · Cash, non-interest-bearing

beginning of year $7,198,335 · end of year $5,351,270

2 · Savings and temporary cash investments

beginning of year $2,250,000 · end of year $2,250,000

4 · Accounts receivable

beginning of year $4,182,236 · end of year $5,098,664

8 · Inventories for sale or use

beginning of year $1,026,805 · end of year $1,061,429

9 · Prepaid expenses and deferred charges

beginning of year $223,272 · end of year $289,443

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

$130,956,905

10b · Land, buildings and equipment: accumulated depreciation

$52,069,076

10c · Land, buildings and equipment, net

beginning of year $75,117,387 · end of year $78,887,829

13 · Investments: program-related

beginning of year $19,307,859 · end of year $19,967,621

15 · Other assets

beginning of year $1,743,307 · end of year $2,099,153

17 · Accounts payable and accrued expenses

beginning of year $3,939,612 · end of year $6,219,977

23 · Secured mortgages and notes payable

beginning of year $45,359,994 · end of year $43,279,163

25 · Other liabilities

beginning of year $5,080,292 · end of year $5,219,453

29 · Capital stock, trust principal or current funds

beginning of year $76,220 · end of year $75,965

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 $56,593,083 · end of year $60,210,851