Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: ELECTRIC SALES

  total $41,869,917 · related or exempt $41,869,917

• 2b · Program service revenue: OTHER ELECTRIC REVENUE

  total $1,108,551 · related or exempt $1,108,551

• 2c · Program service revenue: ELECTRIC PROPERTY

  total $572,840 · excluded $572,840

• 3 · Investment income

  total $42,793 · excluded $42,793

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

  other assets $197

• 7c · Gain or loss

  other assets -$197

• 7d · Net gain or loss

  total -$197 · related or exempt -$197

• 11a · Other revenue: PATRONAGE CAPITAL

  total $1,385,913 · related or exempt $1,385,913

• 11b · Other revenue: NON-OPERATING REVENUE

  total $21,789 · related or exempt $21,789

• 11e · Other revenue, total

  $1,407,702

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $5,000

• 4 · Benefits paid to or for members

  total $1,255,720

• 5 · Compensation of officers, directors and key employees

  total $588,487

• 7 · Other salaries and wages

  total $3,329,859

• 8 · Pension plan contributions

  total $830,806

• 10 · Payroll taxes

  total $313,699

• 11b · Fees: legal

  total $102,027

• 11c · Fees: accounting

  total $37,800

• 11g · Fees: other

  total $2,098

• 13 · Office expenses

  total $583,886

• 19 · Conferences, conventions and meetings

  total $26,259

• 20 · Interest

  total $2,694,542

• 22 · Depreciation, depletion and amortization

  total $3,793,506

• 23 · Insurance

  total $42,320

• 24a · Other expenses: COST OF POWER

  total $23,239,438

• 24b · Other expenses: MAINTENANCE

  total $3,565,921

• 24c · Other expenses: OPERATIONS

  total $2,274,684

• 24d · Other expenses: TAXES

  total $1,238,474

• 24e · All other expenses

  total $1,077,080

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,487,146 · end of year $764,858

• 4 · Accounts receivable

  beginning of year $3,574,829 · end of year $4,023,956

• 8 · Inventories for sale or use

  beginning of year $1,906,972 · end of year $2,919,032

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,474,944 · end of year $2,543,450

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

  $131,604,291

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

  $27,961,667

• 10c · Land, buildings and equipment, net

  beginning of year $102,127,383 · end of year $103,642,624

• 13 · Investments: program-related

  beginning of year $20,509,675 · end of year $20,326,220

• 15 · Other assets

  beginning of year $17,172 · end of year $51,381

• 17 · Accounts payable and accrued expenses

  beginning of year $4,282,060 · end of year $3,409,458

• 23 · Secured mortgages and notes payable

  beginning of year $77,490,094 · end of year $79,446,034

• 25 · Other liabilities

  beginning of year $5,439,195 · end of year $5,647,618

• 31 · Retained earnings, endowment or other funds

  beginning of year $45,886,772 · end of year $45,768,411

The filer's explanations (Part III)

SCHEDULE J, PART III

SCHEDULE J, PART II: COLUMN (C) CONTAINS EMPLOYER DEFINED RETIREMENT PLAN CONTRIBUTIONS, EMPLOYER 401K CONTRIBUTIONS, AND DEFINED RETIREMENT PLAN CHANGE IN ACTUARIAL VALUE. COLUMN (D) CONTAINS THE FOLLOWING PRETAX ITEMS PAID BY THE EMPLOYEE: HEALTH INSURANCE, SUPPLEMENTAL SECTON 125 INSURANCE, HEALTH SAVINGS ACCOUNT CONTRIBUTIONS. COLUMN (D) ALSO CONTAINS THE FOLLOWING ITEMS PAID BY THE EMPLOYER: HEALTH INSURANCE AND HEALTH SAVINGS ACCOUNT CONTRIBUTIONS.