Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALE OF POWER

  total $15,767,638 · related or exempt $15,767,638

• 2b · Program service revenue: CAPITAL CREDITS

  total $885,760 · related or exempt $885,760

• 3 · Investment income

  total $138,288 · excluded $138,288

• 7a · Gross sales of assets other than inventory

  other assets $12,001

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

  other assets $0

• 7c · Gain or loss

  other assets $12,001

• 7d · Net gain or loss

  total $12,001 · excluded $12,001

• 10a · Gross sales of inventory

  $246,082

• 10b · Cost of goods sold

  $168,468

• 10c · Net income from sales of inventory

  total $77,614 · related or exempt $77,614

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $6,535

• 4 · Benefits paid to or for members

  total $500,000

• 5 · Compensation of officers, directors and key employees

  total $267,905

• 6 · Compensation of disqualified persons

  total $194,601

• 7 · Other salaries and wages

  total $1,059,263

• 8 · Pension plan contributions

  total $298,090

• 10 · Payroll taxes

  total $102,505

• 20 · Interest

  total $614,875

• 22 · Depreciation, depletion and amortization

  total $1,321,534

• 24a · Other expenses: COST OF POWER

  total $10,957,416

• 24b · Other expenses: DISTRIBUTION-OPERATIONS

  total $1,524,978

• 24c · Other expenses: ADMIN & GENERAL

  total $1,013,005

• 24d · Other expenses: DISTRIBUTION-MAINTENANC

  total $204,507

• 24e · All other expenses

  total -$1,416,705

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $902,414 · end of year $1,103,562

• 4 · Accounts receivable

  beginning of year $1,718,675 · end of year $949,669

• 8 · Inventories for sale or use

  beginning of year $912,563 · end of year $1,044,150

• 9 · Prepaid expenses and deferred charges

  beginning of year $219,844 · end of year $238,652

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

  $41,215,589

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

  $18,217,876

• 10c · Land, buildings and equipment, net

  beginning of year $21,967,493 · end of year $22,997,713

• 12 · Investments: other securities

  beginning of year $2,369,561 · end of year $388,920

• 13 · Investments: program-related

  beginning of year $3,903,966 · end of year $4,407,777

• 15 · Other assets

  beginning of year $682,027 · end of year $707,026

• 17 · Accounts payable and accrued expenses

  beginning of year $1,629,439 · end of year $1,384,147

• 21 · Escrow or custodial account liability

  beginning of year $254 · end of year $1,282

• 23 · Secured mortgages and notes payable

  beginning of year $15,451,457 · end of year $14,717,584

• 25 · Other liabilities

  beginning of year $99,038 · end of year $95,985

• 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 $15,496,355 · end of year $15,638,471

The filer's explanations (Part III)

SCHEDULE J, PART II, COLUMN C

COLUMN C INCLUDES THE CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR EACH PARTICIPANT RATHER THAN THE ACTUAL CONTRIBUTION PAID TO THE PLAN. COZY NELSON CHANGE IN ACTUARIAL VALUE: $527 CONTRIBUTION TO THE PLAN BY COOPERATIVE: $36,000