Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALE OF POWER

  total $14,519,895 · related or exempt $14,519,895

• 2b · Program service revenue: OTHER ELECTRIC REVENUE

  total $176,905 · related or exempt $176,905

• 3 · Investment income

  total $71,490 · excluded $71,490

• 7a · Gross sales of assets other than inventory

  other assets $48,000

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

  other assets $6,484

• 7c · Gain or loss

  other assets $41,516

• 7d · Net gain or loss

  total $41,516 · excluded $41,516

• 11a · Other revenue: CAPITAL CREDITS

  total $729,235 · related or exempt $729,235

• 11b · Other revenue: APRIME K-1

  total -$45 · unrelated business -$45

• 11e · Other revenue, total

  $729,190

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $780,150

• 5 · Compensation of officers, directors and key employees

  total $423,857

• 20 · Interest

  total $929,551

• 22 · Depreciation, depletion and amortization

  total $1,383,901

• 24a · Other expenses: COST OF POWER

  total $7,860,923

• 24b · Other expenses: DIST EXP-OPERATIONS

  total $1,501,818

• 24c · Other expenses: DIST EXP-MAINTENANCE

  total $1,340,341

• 24d · Other expenses: ADMIN & GENERAL EXPENSE

  total $849,414

• 24e · All other expenses

  total $469,248

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,877,832 · end of year $448,440

• 4 · Accounts receivable

  beginning of year $1,244,723 · end of year $1,423,153

• 7 · Other notes and loans receivable

  beginning of year $4,511,737 · end of year $6,549,855

• 8 · Inventories for sale or use

  beginning of year $754,683 · end of year $724,671

• 9 · Prepaid expenses and deferred charges

  beginning of year $156,605 · end of year $881,596

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

  $55,315,724

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

  $12,747,144

• 10c · Land, buildings and equipment, net

  beginning of year $40,799,566 · end of year $42,568,580

• 12 · Investments: other securities

  beginning of year $13,269 · end of year $13,269

• 13 · Investments: program-related

  beginning of year $7,198,147 · end of year $7,569,147

• 17 · Accounts payable and accrued expenses

  beginning of year $1,222,858 · end of year $2,287,861

• 19 · Deferred revenue

  beginning of year $178,283 · end of year $309,510

• 23 · Secured mortgages and notes payable

  beginning of year $29,498,812 · end of year $31,213,765

• 25 · Other liabilities

  beginning of year $183,029 · end of year $185,361

• 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 $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $25,473,580 · end of year $26,182,214

The filer's explanations (Part III)

PART I, LINE 3

THE BOARD OF DIRECTORS REVIEW THE CEOS PAY ON AN ANNUAL BASIS. THE BOARD THEN DECIDES IF IT SHOULD BE ADJUSTED OR NOT.