Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,271,651

• 2a · Program service revenue: Sale of Electricity

  total $63,800,320 · related or exempt $63,800,320

• 2b · Program service revenue: Other Operating

  total $958,736 · related or exempt $958,736

• 2c · Program service revenue: Capital Credits

  total $1,804,308 · related or exempt $1,804,308

• 3 · Investment income

  total $129,329 · excluded $129,329

• 6a · Gross rents

  personal property $3,120,601

• 6c · Rental income or loss

  personal property $3,120,601

• 6d · Net rental income or loss

  total $3,120,601 · excluded $3,120,601

• 7a · Gross sales of assets other than inventory

  other assets $685,939

• 7c · Gain or loss

  other assets $685,939

• 7d · Net gain or loss

  total $685,939 · related or exempt $685,939

• 8c · Net income from fundraising events

  total $0

• 11a · Other revenue: Non - Operating

  total $188,022 · related or exempt $188,022

• 11e · Other revenue, total

  $188,022

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $9,576,205

• 5 · Compensation of officers, directors and key employees

  total $2,145,592

• 7 · Other salaries and wages

  total $937,877

• 20 · Interest

  total $8,649,162

• 22 · Depreciation, depletion and amortization

  total $5,691,714

• 24a · Other expenses: Cost of Power

  total $28,642,001 · program services $28,642,001

• 24b · Other expenses: Distribution Expense

  total $6,965,304 · program services $6,965,304

• 24c · Other expenses: Customer Services

  total $966,324 · program services $966,324

• 24d · Other expenses: Admin & General

  total $4,897,235 · program services $4,897,235

• 24e · All other expenses

  total $2,215,841

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $308,464 · end of year $365,683

• 4 · Accounts receivable

  beginning of year $7,570,415 · end of year $24,155,443

• 8 · Inventories for sale or use

  beginning of year $1,406,606 · end of year $1,571,750

• 9 · Prepaid expenses and deferred charges

  beginning of year $4,806,408 · end of year $5,267,584

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

  $239,685,958

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

  $8,717,316

• 10c · Land, buildings and equipment, net

  beginning of year $222,901,946 · end of year $230,968,642

• 11 · Investments: publicly traded securities

  beginning of year $5,078,010

• 12 · Investments: other securities

  beginning of year $143,441

• 13 · Investments: program-related

  beginning of year $19,640,571 · end of year $25,700,775

• 17 · Accounts payable and accrued expenses

  beginning of year $13,248,412 · end of year $7,819,391

• 19 · Deferred revenue

  end of year $1,395,752

• 23 · Secured mortgages and notes payable

  beginning of year $147,661,289 · end of year $175,098,659

• 24 · Unsecured notes and loans payable

  beginning of year $25,300,500 · end of year $21,052,878

• 25 · Other liabilities

  beginning of year $4,901,739 · end of year $2,412,497

• 31 · Retained earnings, endowment or other funds

  beginning of year $70,743,921 · end of year $80,250,700

The filer's explanations (Part III)

Listed persons compensation information (Part I, line 4)