Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: ELECTRIC REVENUE

  total $24,224,191 · related or exempt $24,224,191

• 2b · Program service revenue: OTHER REVENUE

  total $708,588 · excluded $708,588

• 3 · Investment income

  total $75,490 · excluded $75,490

• 6a · Gross rents

  real property $5,080

• 6c · Rental income or loss

  real property $5,080

• 6d · Net rental income or loss

  total $5,080 · excluded $5,080

• 7a · Gross sales of assets other than inventory

  other assets $28,712

• 7c · Gain or loss

  other assets $28,712

• 7d · Net gain or loss

  total $28,712 · related or exempt $28,712

• 10a · Gross sales of inventory

  $209,407

• 10b · Cost of goods sold

  $186,270

• 10c · Net income from sales of inventory

  total $23,137 · related or exempt $23,137

• 11a · Other revenue: MISCELLANEOUS NONOP INCOME

  total $156,318 · related or exempt $156,318

• 11e · Other revenue, total

  $156,318

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $1,432,592

• 5 · Compensation of officers, directors and key employees

  total $489,464

• 20 · Interest

  total $1,007,256

• 22 · Depreciation, depletion and amortization

  total $2,737,225

• 24a · Other expenses: COST OF PURCHASED POWER

  total $13,455,735

• 24b · Other expenses: DISTRIBUTION - OPERATIONS

  total $1,856,588

• 24c · Other expenses: ADMINISTRATIVE AND GENERA

  total $1,400,604

• 24d · Other expenses: DISTRIBUTION - MAINTENANC

  total $1,231,322

• 24e · All other expenses

  total $1,244,083

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $512,332 · end of year $1,098,043

• 2 · Savings and temporary cash investments

  beginning of year $1,197 · end of year $5,797

• 4 · Accounts receivable

  beginning of year $2,213,647 · end of year $2,352,171

• 7 · Other notes and loans receivable

  beginning of year $65,609 · end of year $67,286

• 8 · Inventories for sale or use

  beginning of year $1,262,564 · end of year $654,836

• 9 · Prepaid expenses and deferred charges

  beginning of year $115,539 · end of year $131,383

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

  $82,165,066

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

  $25,259,392

• 10c · Land, buildings and equipment, net

  beginning of year $55,846,254 · end of year $56,905,674

• 13 · Investments: program-related

  beginning of year $13,607,317 · end of year $13,683,124

• 14 · Intangible assets

  beginning of year $808 · end of year $808

• 15 · Other assets

  beginning of year $85,627 · end of year $64,008

• 17 · Accounts payable and accrued expenses

  beginning of year $2,733,784 · end of year $3,269,596

• 23 · Secured mortgages and notes payable

  beginning of year $30,874,284 · end of year $29,893,183

• 25 · Other liabilities

  beginning of year $2,342,045 · end of year $3,020,048

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $9,208,120 · end of year $9,830,731

• 31 · Retained earnings, endowment or other funds

  beginning of year $28,552,661 · end of year $28,949,572

The filer's explanations (Part III)

SCHEDULE J, PART III

PART I, LINE 3 - RELATED ORG METHODS USED FOR COMPENSATION EXPLANATION EXPLANATION: THE BOARD OF DIRECTORS COMPLETE AN ANNUAL PERFORMANCE REVIEW OF THE GENERAL MANAGER/CEO AND USE SEVERAL WAGE COMPARISON DATA TO DETERMINE THE GENERAL MANAGER/CEO'S SALARY. DATA SOURCES INCLUDE THE FORM 990 OF OTHER ELECTRIC COOPERATIVES AND THE NRECA COMPENSATION STUDY, WHICH INCLUDES WAGE COMPARISON BY REGION, STATE, POWER SUPPLIER, AND COOPERATIVE SIZE.