Form 990 for tax year 2023

2a · Program service revenue: SALE OF POWER

total $43,242,331 · related or exempt $43,242,331

3 · Investment income

total $547,841 · excluded $547,841

7a · Gross sales of assets other than inventory

other assets $8,778

7b · Less cost or other basis and sales expenses

other assets $3,524

7c · Gain or loss

other assets $5,254

7d · Net gain or loss

total $5,254 · excluded $5,254

11a · Other revenue: CAPITAL CREDITS

total $1,776,295 · related or exempt $1,776,295

11b · Other revenue: OTHER MISC INCOME

total $54,420 · excluded $54,420

11c · Other revenue: ELECTRIC WIRING

total $33,932 · unrelated business $33,932

11e · Other revenue, total

$1,864,647

4 · Benefits paid to or for members

total $5,367,927

5 · Compensation of officers, directors and key employees

total $853,343

20 · Interest

total $1,049,727

22 · Depreciation, depletion and amortization

total $3,722,750

24a · Other expenses: COST OF POWER

total $28,150,246

24b · Other expenses: DISTRIBUTION EXPENSE -

total $2,088,010

24c · Other expenses: DISTRIBUTION EXPENSE -

total $1,483,345

24d · Other expenses: ADMIN AND GENERAL EXPEN

total $1,294,967

24e · All other expenses

total $1,649,758

1 · Cash, non-interest-bearing

beginning of year $3,497,042 · end of year $4,356,738

4 · Accounts receivable

beginning of year $4,374,648 · end of year $5,354,009

7 · Other notes and loans receivable

beginning of year $1,026,876 · end of year $782,818

8 · Inventories for sale or use

beginning of year $1,757,931 · end of year $1,717,450

9 · Prepaid expenses and deferred charges

beginning of year $895,036 · end of year $812,527

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

$103,140,653

10b · Land, buildings and equipment: accumulated depreciation

$36,760,420

10c · Land, buildings and equipment, net

beginning of year $63,900,122 · end of year $66,380,233

13 · Investments: program-related

beginning of year $24,425,257 · end of year $31,215,271

15 · Other assets

beginning of year $22,720 · end of year $191,067

17 · Accounts payable and accrued expenses

beginning of year $4,487,448 · end of year $6,208,387

23 · Secured mortgages and notes payable

beginning of year $40,835,448 · end of year $44,354,880

25 · Other liabilities

beginning of year $7,844,058 · end of year $9,867,114

29 · Capital stock, trust principal or current funds

beginning of year $17,346 · 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 $46,715,332 · end of year $50,379,732