Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALE OF POWER

  total $19,819,409 · related or exempt $19,819,409

• 2b · Program service revenue: OTHER ELECTRIC REVENUE

  total $171,766 · related or exempt $171,766

• 2c · Program service revenue: CAPITAL CREDITS

  total $165,306 · related or exempt $165,306

• 2f · All other program service revenue

  total $25,655 · excluded $25,655

• 3 · Investment income

  total $102,712 · excluded $102,712

• 7a · Gross sales of assets other than inventory

  other assets $518,958

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

  other assets $40,436

• 7c · Gain or loss

  other assets $478,522

• 7d · Net gain or loss

  total $478,522 · excluded $478,522

• 10a · Gross sales of inventory

  $22,647

• 10b · Cost of goods sold

  $5,602

• 10c · Net income from sales of inventory

  total $17,045 · related or exempt $17,045

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $13,693

• 2 · Grants to domestic individuals

  total $10,000

• 4 · Benefits paid to or for members

  total $2,028,494

• 5 · Compensation of officers, directors and key employees

  total $605,319

• 7 · Other salaries and wages

  total $2,239,593

• 8 · Pension plan contributions

  total $513,552

• 10 · Payroll taxes

  total $229,541

• 11b · Fees: legal

  total $28,948

• 11c · Fees: accounting

  total $27,689

• 11g · Fees: other

  total $55,510

• 12 · Advertising and promotion

  total $68,786

• 13 · Office expenses

  total $84,842

• 19 · Conferences, conventions and meetings

  total $25,972

• 20 · Interest

  total $1,252,118

• 22 · Depreciation, depletion and amortization

  total $2,115,433

• 24a · Other expenses: COST OF POWER

  total $9,514,861

• 24b · Other expenses: DISTRIBUTION-OPERATIONS

  total $987,254

• 24c · Other expenses: DISTRIBUTION-MAINTENANC

  total $544,497

• 24d · Other expenses: CUSTOMER SERVICE AND AC

  total $234,465

• 24e · All other expenses

  total $199,848

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $2,655,864 · end of year $3,206,646

• 4 · Accounts receivable

  beginning of year $1,747,843 · end of year $1,567,406

• 8 · Inventories for sale or use

  beginning of year $288,913 · end of year $270,505

• 9 · Prepaid expenses and deferred charges

  beginning of year $890,078 · end of year $778,578

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

  $68,024,198

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

  $16,669,210

• 10c · Land, buildings and equipment, net

  beginning of year $51,043,921 · end of year $51,354,988

• 12 · Investments: other securities

  beginning of year $1,963,553 · end of year $2,973,836

• 13 · Investments: program-related

  beginning of year $6,082,476 · end of year $6,198,407

• 14 · Intangible assets

  beginning of year $1,439 · end of year $1,439

• 15 · Other assets

  beginning of year $10,939 · end of year $11,015

• 17 · Accounts payable and accrued expenses

  beginning of year $1,662,676 · end of year $1,056,540

• 23 · Secured mortgages and notes payable

  beginning of year $37,002,898 · end of year $37,239,364

• 25 · Other liabilities

  beginning of year $488,833 · end of year $721,192

• 29 · Capital stock, trust principal or current funds

  beginning of year $127,360 · end of year $128,940

• 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 $25,403,259 · end of year $27,216,784

The filer's explanations (Part III)

FORM 990, SCHEDULE J, PART II, COLUMN C

INCLUDED IN PART II, COLUMN C, IS THE CHANGE IN ACTUARIAL VALUE OF A DEFINED BENEFIT PLAN TOTALING $47,556 FOR THAD M. DONNELLY, $29,972 FOR JEROD CHAFFEE, $18,471 BENJIMAN C. EASTERBERG, $9,319 FOR TRISHA BRADLEY, $70,665 FOR KEVIN J. HEPTIG AND $26,398 FOR BENJAMIN R. MATTHEWS. ACTUAL CONTRIBUTIONS TO THE PLAN BY THE COOPERATIVE TOTALED $17,898 FOR THAD M. DONNELLY, $20,096 FOR JEROD CHAFFEE, $18,730 FOR BENJIMAN C. EASTERBERG, $22,451 FOR TRISHA BRADLEY, $17,976 FOR KEVIN J. HEPTIG AND $16,197 FOR BENJAMIN R. MATTHEWS.