Form 990 for tax year 2025

1e · Government grants (contributions)

$37,372,355

2a · Program service revenue: SALE OF ELECTRICITY

total $95,247,710 · related or exempt $95,247,710

2b · Program service revenue: CIAC

total $694,090 · related or exempt $694,090

2c · Program service revenue: PATRONAGE ALLOCATIONS

total $105,535 · related or exempt $105,535

3 · Investment income

total $204,467 · excluded $204,467

6a · Gross rents

real property $3,050 · personal property $1,280,717

6b · Less rental expenses

real property $2,025

6c · Rental income or loss

real property $1,025 · personal property $1,280,717

6d · Net rental income or loss

total $1,281,742 · unrelated business $1,025 · excluded $1,280,717

7a · Gross sales of assets other than inventory

other assets $91,245

7c · Gain or loss

other assets $91,245

7d · Net gain or loss

total $91,245 · excluded $91,245

11a · Other revenue: OTHER REVENUE

total $25 · related or exempt $25

11e · Other revenue, total

$25

4 · Benefits paid to or for members

total $4,824,521

5 · Compensation of officers, directors and key employees

total $2,310,992

7 · Other salaries and wages

total $12,740,594

8 · Pension plan contributions

total $3,192,228

9 · Other employee benefits

total $741,960

10 · Payroll taxes

total $1,130,778

11b · Fees: legal

total $9,960

17 · Travel

total $1,727,341

19 · Conferences, conventions and meetings

total $142,798

20 · Interest

total $4,297,684

22 · Depreciation, depletion and amortization

total $12,393,264

24a · Other expenses: DISTRIBUTION MAINTENANCE

total $50,384,611

24b · Other expenses: COST OF POWER

total $38,031,583

24c · Other expenses: DISTRIBUTION OPERATION

total $3,801,449

24d · Other expenses: CONSUMER ACCOUNTS

total $1,624,775

24e · All other expenses

total -$3,319,797

1 · Cash, non-interest-bearing

beginning of year $3,944,076 · end of year $6,861,017

4 · Accounts receivable

beginning of year $7,371,120 · end of year $10,141,942

7 · Other notes and loans receivable

beginning of year $771,200 · end of year $628,500

8 · Inventories for sale or use

beginning of year $7,391,143 · end of year $7,219,584

9 · Prepaid expenses and deferred charges

beginning of year $22,974,845 · end of year $2,617,543

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

$302,490,420

10b · Land, buildings and equipment: accumulated depreciation

$140,511,317

10c · Land, buildings and equipment, net

beginning of year $154,091,394 · end of year $161,979,103

13 · Investments: program-related

beginning of year $2,719,521 · end of year $2,740,247

15 · Other assets

beginning of year $2,269,063 · end of year $583,822

17 · Accounts payable and accrued expenses

beginning of year $14,916,604 · end of year $10,784,016

23 · Secured mortgages and notes payable

beginning of year $110,966,832 · end of year $100,492,259

25 · Other liabilities

beginning of year $22,717,131 · end of year $23,561,725

31 · Retained earnings, endowment or other funds

beginning of year $52,931,795 · end of year $57,933,758