Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: ELECTRIC SERVICE

  total $12,181,691 · related or exempt $12,181,691

• 3 · Investment income

  total $110,249 · excluded $110,249

• 6a · Gross rents

  real property $22,307

• 6b · Less rental expenses

  real property $3,383

• 6c · Rental income or loss

  real property $18,924

• 6d · Net rental income or loss

  total $18,924 · excluded $18,924

• 7a · Gross sales of assets other than inventory

  other assets $235

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

  other assets $0

• 7c · Gain or loss

  other assets $235

• 7d · Net gain or loss

  total $235 · excluded $235

• 10a · Gross sales of inventory

  $227,087

• 10b · Cost of goods sold

  $215,644

• 10c · Net income from sales of inventory

  total $11,443 · related or exempt $8,023 · unrelated business $3,420

• 11a · Other revenue: CAPITAL CREDITS

  total $1,010,691 · related or exempt $1,010,691

• 11b · Other revenue: OTHER ELECTRIC REVENUE

  total $400,000 · related or exempt $400,000

• 11e · Other revenue, total

  $1,410,691

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $1,948,350

• 5 · Compensation of officers, directors and key employees

  total $540,975

• 20 · Interest

  total $530,629

• 22 · Depreciation, depletion and amortization

  total $785,691

• 24a · Other expenses: PURCHASED POWER

  total $7,363,386

• 24b · Other expenses: DISTRIBUTION EXPENSE -

  total $844,789

• 24c · Other expenses: ADMINISTRATIVE AND GENE

  total $465,820

• 24d · Other expenses: DISTRIBUTION EXPENSE -

  total $457,773

• 24e · All other expenses

  total $795,820

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $6,560,162 · end of year $3,314,987

• 4 · Accounts receivable

  beginning of year $940,487 · end of year $922,266

• 7 · Other notes and loans receivable

  beginning of year $168,608 · end of year $136,994

• 8 · Inventories for sale or use

  beginning of year $471,636 · end of year $890,307

• 9 · Prepaid expenses and deferred charges

  beginning of year $139,209 · end of year $94,440

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

  $34,841,131

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

  $11,581,193

• 10c · Land, buildings and equipment, net

  beginning of year $17,070,756 · end of year $23,259,938

• 12 · Investments: other securities

  beginning of year $6,928,646 · end of year $7,700,311

• 17 · Accounts payable and accrued expenses

  beginning of year $972,734 · end of year $2,008,732

• 19 · Deferred revenue

  beginning of year $0 · end of year $1,195,467

• 23 · Secured mortgages and notes payable

  beginning of year $15,925,562 · end of year $16,387,905

• 24 · Unsecured notes and loans payable

  beginning of year $31,928 · end of year $34,077

• 25 · Other liabilities

  beginning of year $12,550 · end of year $11,850

• 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 $534,923 · end of year $575,313

• 31 · Retained earnings, endowment or other funds

  beginning of year $14,801,807 · end of year $16,105,899

The filer's explanations (Part III)

PART I, LINE 3

THE BOARD OF DIRECTORS LOOKS AT COMPARABLE GENERAL MANAGER COMPENSATION PACKAGES AND DOES A FULL BOARD APPRAISAL AT THEIR JULY MEETING EACH YEAR.