Form 990 for tax year 2024

2a · Program service revenue: SALE OF ELECTRICITY AND SERVICES

total $13,144,743 · related or exempt $13,144,743

3 · Investment income

total $63,186 · excluded $63,186

11a · Other revenue: G & T AND OTHER CAPITAL CREDITS

total $769,126 · related or exempt $769,126

11b · Other revenue: OTHER NONOPERATING INCOME

total $79,369 · related or exempt $79,369

11e · Other revenue, total

$848,495

4 · Benefits paid to or for members

total $1,991,492 · program services $1,991,492

5 · Compensation of officers, directors and key employees

total $490,560 · management and general $490,560

7 · Other salaries and wages

total $366,025 · management and general $366,025

9 · Other employee benefits

total $52,217 · management and general $52,217

11b · Fees: legal

total $7,780 · management and general $7,780

11c · Fees: accounting

total $13,900 · management and general $13,900

13 · Office expenses

total $196,937 · management and general $196,937

20 · Interest

total $599,207 · program services $599,207

22 · Depreciation, depletion and amortization

total $1,632,114 · program services $1,632,114

24a · Other expenses: COST OF POWER

total $4,873,684 · program services $4,873,684

24b · Other expenses: DISTRIBUTION - OPERATIO

total $1,600,477 · program services $1,600,477

24c · Other expenses: DISTRIBUTION - MAINTENA

total $697,739 · program services $697,739

24d · Other expenses: TAXES

total $533,981 · program services $533,981

24e · All other expenses

total $1,000,311 · program services $732,447 · management and general $267,864

1 · Cash, non-interest-bearing

beginning of year $897,022 · end of year $657,693

2 · Savings and temporary cash investments

beginning of year $1,082,447 · end of year $588,498

4 · Accounts receivable

beginning of year $1,494,583 · end of year $1,453,267

8 · Inventories for sale or use

beginning of year $1,028,089 · end of year $1,087,043

9 · Prepaid expenses and deferred charges

beginning of year $250,741 · end of year $204,300

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

$60,834,707

10b · Land, buildings and equipment: accumulated depreciation

$27,687,203

10c · Land, buildings and equipment, net

beginning of year $31,445,930 · end of year $33,147,504

15 · Other assets

beginning of year $4,915,573 · end of year $5,343,086

17 · Accounts payable and accrued expenses

beginning of year $2,111,637 · end of year $1,837,332

23 · Secured mortgages and notes payable

beginning of year $15,420,384 · end of year $16,048,567

25 · Other liabilities

beginning of year $345,625 · end of year $362,900

29 · Capital stock, trust principal or current funds

beginning of year $10 · end of year $10

30 · Paid-in or capital surplus, or land, building or equipment fund

beginning of year $2,533,081 · end of year $2,613,613

31 · Retained earnings, endowment or other funds

beginning of year $20,703,648 · end of year $21,618,969