Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $201,545

• 2a · Program service revenue: Electric Services

  total $32,198,966 · related or exempt $32,198,966

• 2b · Program service revenue: Capital Credits

  total $1,262,571 · related or exempt $1,262,571

• 2c · Program service revenue: Other Miscellaneous

  total $167,476 · related or exempt $167,476

• 3 · Investment income

  total $72,289 · excluded $72,289

• 6a · Gross rents

  personal property $27,856

• 6c · Rental income or loss

  personal property $27,856

• 6d · Net rental income or loss

  total $27,856 · excluded $27,856

• 7a · Gross sales of assets other than inventory

  other assets $43,252

• 7c · Gain or loss

  other assets $43,252

• 7d · Net gain or loss

  total $43,252 · related or exempt $43,252

• 8c · Net income from fundraising events

  total $0

• 11a · Other revenue: Other

  total -$15,459 · related or exempt -$15,459

• 11e · Other revenue, total

  -$15,459

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $10,000

• 4 · Benefits paid to or for members

  total $3,279,984

• 5 · Compensation of officers, directors and key employees

  total $588,589

• 7 · Other salaries and wages

  total $936,210

• 20 · Interest

  total $1,646,300

• 22 · Depreciation, depletion and amortization

  total $2,830,764

• 24a · Other expenses: Cost of Power

  total $17,606,279 · program services $17,606,279

• 24b · Other expenses: Distribution Cost

  total $5,054,049 · program services $5,054,049

• 24c · Other expenses: Member Services

  total $661,533 · program services $661,533

• 24d · Other expenses: Administrative and General

  total $1,117,702 · program services $1,117,702

• 24e · All other expenses

  total $25,541

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,154 · end of year $663,204

• 2 · Savings and temporary cash investments

  beginning of year $716,859

• 4 · Accounts receivable

  beginning of year $2,835,557 · end of year $2,858,246

• 8 · Inventories for sale or use

  beginning of year $1,680,228 · end of year $905,876

• 9 · Prepaid expenses and deferred charges

  beginning of year $364,625 · end of year $601,415

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

  $92,797,507

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

  $25,244,550

• 10c · Land, buildings and equipment, net

  beginning of year $64,665,748 · end of year $67,552,957

• 13 · Investments: program-related

  beginning of year $16,265,076 · end of year $17,441,445

• 17 · Accounts payable and accrued expenses

  beginning of year $4,636,047 · end of year $3,613,623

• 19 · Deferred revenue

  beginning of year $1,012,354 · end of year $1,089,122

• 23 · Secured mortgages and notes payable

  beginning of year $44,458,803 · end of year $47,489,292

• 24 · Unsecured notes and loans payable

  beginning of year $1,000,000

• 25 · Other liabilities

  beginning of year $690,252 · end of year $811,472

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

  beginning of year $3,497,622 · end of year $3,641,078

• 31 · Retained earnings, endowment or other funds

  beginning of year $31,234,169 · end of year $33,378,556

The filer's explanations (Part III)

Benefit information (Part I, line 1a)

Discretionary spending account Manager Anker receives 750 per month car allowance under a non-accountable plan, as agreed upon her contract. This amount is treated as taxable compensation

Listed persons compensation information (Part I, line 4)

Alisha Anker Nonqualified 23,000Patricia Michels Nonqualified 23,400