Form 990 for tax year 2025

2a · Program service revenue: SALES OF ENERGY

total $40,693,415 · related or exempt $40,693,415

2b · Program service revenue: G&T CAPITAL CREDITS

total $2,895,271 · excluded $2,895,271

2c · Program service revenue: OTHER CAPITAL CREDITS

total $197,570 · excluded $197,570

2d · Program service revenue: OTHER ELECTRIC REVENUES

total -$349,977 · related or exempt -$349,977

3 · Investment income

total $430,003 · excluded $430,003

7a · Gross sales of assets other than inventory

other assets $80,952

7b · Less cost or other basis and sales expenses

other assets $25,050

7c · Gain or loss

other assets $55,902

7d · Net gain or loss

total $55,902 · related or exempt $55,902

11a · Other revenue: MISC NONOP INCOME

total $3,057 · excluded $3,057

11b · Other revenue: SUBSIDIARY EARNINGS

total -$19,092 · related or exempt -$19,092

11e · Other revenue, total

-$16,035

4 · Benefits paid to or for members

total $1,236,138 · program services $1,236,138

5 · Compensation of officers, directors and key employees

total $796,987 · program services $796,987

7 · Other salaries and wages

total $760,311 · program services $760,311

20 · Interest

total $1,793,118 · program services $1,793,118

22 · Depreciation, depletion and amortization

total $2,531,893 · program services $2,531,893

24a · Other expenses: PURCHASED POWER

total $27,458,051 · program services $27,458,051

24b · Other expenses: OPERATIONS

total $3,150,504 · program services $3,150,504

24c · Other expenses: MAINTENANCE

total $1,881,945 · program services $1,881,945

24d · Other expenses: CONSUMER SERVICE

total $1,215,210 · program services $1,215,210

24e · All other expenses

total $685,963 · program services $685,963

1 · Cash, non-interest-bearing

beginning of year $1,213,469 · end of year $696,391

2 · Savings and temporary cash investments

beginning of year $4,246,064 · end of year $4,217,108

4 · Accounts receivable

beginning of year $5,923,328 · end of year $5,978,481

7 · Other notes and loans receivable

beginning of year $2,129,285 · end of year $1,735,459

8 · Inventories for sale or use

beginning of year $1,399,407 · end of year $1,444,842

9 · Prepaid expenses and deferred charges

beginning of year $73,480 · end of year $78,312

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

$98,017,228

10b · Land, buildings and equipment: accumulated depreciation

$24,147,494

10c · Land, buildings and equipment, net

beginning of year $72,636,170 · end of year $73,869,734

12 · Investments: other securities

beginning of year $22,692,314 · end of year $24,951,459

14 · Intangible assets

beginning of year $10,861 · end of year $10,861

15 · Other assets

beginning of year $886,932 · end of year $1,234,961

17 · Accounts payable and accrued expenses

beginning of year $3,647,857 · end of year $3,965,823

24 · Unsecured notes and loans payable

beginning of year $45,257,495 · end of year $45,101,773

25 · Other liabilities

beginning of year $1,839,289 · end of year $2,352,654

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 $6,027 · end of year $6,027

31 · Retained earnings, endowment or other funds

beginning of year $60,460,642 · end of year $62,791,331