Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: ELECTRIC SALES

  total $42,464,953 · related or exempt $42,464,953

• 2b · Program service revenue: ELECTRIC PROPERTY

  total $812,746 · excluded $812,746

• 2c · Program service revenue: OTHER ELECTRIC REVENUE

  total $443,216 · related or exempt $443,216

• 3 · Investment income

  total $367,618 · excluded $367,618

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

  other assets $3,282

• 7c · Gain or loss

  other assets -$3,282

• 7d · Net gain or loss

  total -$3,282 · related or exempt -$3,282

• 11a · Other revenue: PATRONAGE CAPITAL

  total $1,553,954 · related or exempt $1,553,954

• 11b · Other revenue: NON-OPERATING REVENUE

  total $1,360,176 · related or exempt $1,360,176

• 11e · Other revenue, total

  $2,914,130

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $5,000

• 4 · Benefits paid to or for members

  total $3,702,860

• 5 · Compensation of officers, directors and key employees

  total $539,329

• 7 · Other salaries and wages

  total $3,427,950

• 8 · Pension plan contributions

  total $1,052,143

• 10 · Payroll taxes

  total $351,961

• 11b · Fees: legal

  total $229,848

• 11c · Fees: accounting

  total $24,406

• 11g · Fees: other

  total $1,215

• 13 · Office expenses

  total $591,499

• 19 · Conferences, conventions and meetings

  total $5,723

• 20 · Interest

  total $2,907,583

• 22 · Depreciation, depletion and amortization

  total $3,940,267

• 23 · Insurance

  total $46,479

• 24a · Other expenses: COST OF POWER

  total $22,021,998

• 24b · Other expenses: MAINTENANCE

  total $3,723,420

• 24c · Other expenses: OPERATIONS

  total $2,365,278

• 24d · Other expenses: TAXES

  total $1,094,006

• 24e · All other expenses

  total $968,416

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $764,858 · end of year $4,888,906

• 4 · Accounts receivable

  beginning of year $4,023,956 · end of year $6,825,807

• 8 · Inventories for sale or use

  beginning of year $2,919,032 · end of year $3,171,613

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,543,450 · end of year $1,768,460

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

  $136,194,332

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

  $29,682,807

• 10c · Land, buildings and equipment, net

  beginning of year $103,642,624 · end of year $106,511,525

• 13 · Investments: program-related

  beginning of year $20,326,220 · end of year $20,575,244

• 15 · Other assets

  beginning of year $51,381 · end of year $38,909

• 17 · Accounts payable and accrued expenses

  beginning of year $3,409,458 · end of year $3,794,207

• 23 · Secured mortgages and notes payable

  beginning of year $79,446,034 · end of year $82,608,217

• 25 · Other liabilities

  beginning of year $5,647,618 · end of year $10,114,269

• 31 · Retained earnings, endowment or other funds

  beginning of year $45,768,411 · end of year $47,263,771

The filer's explanations (Part III)

SCHEDULE J, PART III

SCHEDULE J, PART II: COLUMN (C) CONTAINS EMPLOYER DEFINED RETIREMENT PLAN CONTRIBUTIONS, EMPLOYER 401K CONTRIBUTIONS, AND DEFINED RETIREMENT PLAN CHANGE IN ACTUARIAL VALUE. COLUMN (D) CONTAINS THE FOLLOWING PRETAX ITEMS PAID BY THE EMPLOYEE: HEALTH INSURANCE, SUPPLEMENTAL SECTON 125 INSURANCE, HEALTH SAVINGS ACCOUNT CONTRIBUTIONS. COLUMN (D) ALSO CONTAINS THE FOLLOWING ITEMS PAID BY THE EMPLOYER: HEALTH INSURANCE AND HEALTH SAVINGS ACCOUNT CONTRIBUTIONS.