Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALES OF ELECTRICITY

  total $60,541,789 · related or exempt $60,541,789

• 2b · Program service revenue: BROADBAND INTERNET REVENUE

  total $6,075,180 · related or exempt $6,075,180

• 2c · Program service revenue: PATRONAGE DIVIDENDS

  total $372,281 · related or exempt $372,281

• 2d · Program service revenue: SERVICE FEES

  total $291,325 · related or exempt $291,325

• 3 · Investment income

  total $393,930 · excluded $393,930

• 7a · Gross sales of assets other than inventory

  other assets $139,688

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

  other assets $95,960

• 7c · Gain or loss

  other assets $43,728

• 7d · Net gain or loss

  total $43,728 · related or exempt $43,728

• 11a · Other revenue: POLE ATTACHMENT INCOME

  total $1,840,711 · excluded $1,840,711

• 11b · Other revenue: CFC ONE CARD REBATE

  total $11,098 · related or exempt $11,098

• 11e · Other revenue, total

  $1,851,809

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $13,664

• 4 · Benefits paid to or for members

  total $2,461,612

• 5 · Compensation of officers, directors and key employees

  total $1,051,590

• 7 · Other salaries and wages

  total $5,395,709

• 8 · Pension plan contributions

  total $656,907

• 9 · Other employee benefits

  total $563,093

• 10 · Payroll taxes

  total $594,322

• 20 · Interest

  total $2,102,108

• 22 · Depreciation, depletion and amortization

  total $5,849,628

• 24a · Other expenses: PURCHASED POWER

  total $41,970,979

• 24b · Other expenses: DISTRIBUTION EXPENSE

  total $2,587,767

• 24c · Other expenses: BROADBAND EXPENSE

  total $2,411,071

• 24d · Other expenses: ADMIN & GENERAL EXPENSE

  total $1,544,920

• 24e · All other expenses

  total $1,065,539

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,809,840 · end of year $5,224,012

• 2 · Savings and temporary cash investments

  beginning of year $202,747 · end of year $202,803

• 4 · Accounts receivable

  beginning of year $6,808,317 · end of year $6,193,231

• 8 · Inventories for sale or use

  beginning of year $6,418,197 · end of year $10,700,416

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,003,560 · end of year $631,923

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

  $159,069,584

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

  $46,200,172

• 10c · Land, buildings and equipment, net

  beginning of year $102,061,797 · end of year $112,869,412

• 13 · Investments: program-related

  beginning of year $40,670,956 · end of year $41,099,858

• 15 · Other assets

  beginning of year $1,503,533 · end of year $1,398,875

• 17 · Accounts payable and accrued expenses

  beginning of year $8,018,894 · end of year $7,193,141

• 23 · Secured mortgages and notes payable

  beginning of year $73,948,549 · end of year $86,886,162

• 25 · Other liabilities

  beginning of year $10,086,697 · end of year $6,465,195

• 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 $70,424,807 · end of year $77,776,032

The filer's explanations (Part III)

PART II, COLUMN C:

THE AMOUNTS REPORTED IN COLUMN C ARE THE RESULT OF AN INCREASE/(DECREASE) IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN.