Form 990 for tax year 2023

2a · Program service revenue: SALES OF ELECTRICITY

total $21,093,536 · related or exempt $21,093,536

2b · Program service revenue: OTHER OPERATING REV

total $1,261,089 · related or exempt $1,261,089

3 · Investment income

total $122,941 · excluded $122,941

6a · Gross rents

personal property $17,179

6c · Rental income or loss

personal property $17,179

6d · Net rental income or loss

total $17,179 · related or exempt $17,179

7a · Gross sales of assets other than inventory

other assets $151,500

7b · Less cost or other basis and sales expenses

other assets $170,859

7c · Gain or loss

other assets -$19,359

7d · Net gain or loss

total -$19,359 · related or exempt -$19,359

11a · Other revenue: NON-OPERATING INCOME

total $57,334 · related or exempt $57,334

11e · Other revenue, total

$57,334

4 · Benefits paid to or for members

total $1,269,024

5 · Compensation of officers, directors and key employees

total $567,358

7 · Other salaries and wages

total $2,101,506

8 · Pension plan contributions

total $463,018

9 · Other employee benefits

total $665,375

10 · Payroll taxes

total $185,128

11b · Fees: legal

total $57,436

11c · Fees: accounting

total $13,409

12 · Advertising and promotion

total $11,757

13 · Office expenses

total $210,501

16 · Occupancy

total $56,406

17 · Travel

total $72,016

19 · Conferences, conventions and meetings

total $59,158

20 · Interest

total $228,141

22 · Depreciation, depletion and amortization

total $1,664,986

23 · Insurance

total $89,583

24a · Other expenses: COST OF POWER

total $13,723,762 · program services $13,723,762

24b · Other expenses: DISTRIBUTION - OPERATIONS

total $818,044 · program services $818,044

24c · Other expenses: DISTRIBUTION - MAINTENANCE

total $1,640,283 · program services $1,640,283

24d · Other expenses: CUSTOMER ACCOUNTS & SERVICES

total $356,417 · program services $356,417

24e · All other expenses

total -$1,720,588

1 · Cash, non-interest-bearing

beginning of year $3,393,034 · end of year $1,209,672

2 · Savings and temporary cash investments

end of year $1,521,505

4 · Accounts receivable

beginning of year $1,240,744 · end of year $1,786,855

8 · Inventories for sale or use

beginning of year $1,406,155 · end of year $1,412,515

9 · Prepaid expenses and deferred charges

beginning of year $169,146 · end of year $187,184

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

$51,453,013

10b · Land, buildings and equipment: accumulated depreciation

$28,464,984

10c · Land, buildings and equipment, net

beginning of year $20,519,303 · end of year $22,988,029

15 · Other assets

beginning of year $413,110 · end of year $434,958

17 · Accounts payable and accrued expenses

beginning of year $1,862,243 · end of year $2,173,321

19 · Deferred revenue

beginning of year $644,034 · end of year $693,369

23 · Secured mortgages and notes payable

beginning of year $4,266,973 · end of year $3,999,016

25 · Other liabilities

beginning of year $76,000 · end of year $1,776,381

29 · Capital stock, trust principal or current funds

beginning of year $490,660 · end of year $498,480

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

beginning of year $19,116,700 · end of year $19,656,098

31 · Retained earnings, endowment or other funds

beginning of year $684,882 · end of year $744,053