Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALES OF ELECTRICITY

  total $42,179,169 · related or exempt $42,179,169

• 2b · Program service revenue: PATRONAGE DIVIDENDS

  total $1,469,032 · related or exempt $1,469,032

• 2c · Program service revenue: SERVICE FEE REVENUE

  total $14,365 · related or exempt $14,365

• 3 · Investment income

  total $140,982 · excluded $140,982

• 6a · Gross rents

  real property $48,685

• 6c · Rental income or loss

  real property $48,685

• 6d · Net rental income or loss

  total $48,685 · excluded $48,685

• 7a · Gross sales of assets other than inventory

  other assets $18,250

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

  other assets $2,783

• 7c · Gain or loss

  other assets $15,467

• 7d · Net gain or loss

  total $15,467 · excluded $15,467

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $3,244,875

• 5 · Compensation of officers, directors and key employees

  total $616,056

• 7 · Other salaries and wages

  total $860,909

• 20 · Interest

  total $1,128,851

• 22 · Depreciation, depletion and amortization

  total $2,830,700

• 24a · Other expenses: COST OF POWER

  total $29,257,317

• 24b · Other expenses: DISTRIBUTION

  total $4,197,630

• 24c · Other expenses: CONSUMER EXPENSE

  total $1,731,362

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $895,372 · end of year $464,757

• 4 · Accounts receivable

  beginning of year $3,736,275 · end of year $3,536,560

• 8 · Inventories for sale or use

  beginning of year $1,471,216 · end of year $962,278

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,099,161 · end of year $2,131,297

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

  $94,391,624

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

  $23,912,334

• 10c · Land, buildings and equipment, net

  beginning of year $66,216,788 · end of year $70,479,290

• 13 · Investments: program-related

  beginning of year $16,271,446 · end of year $17,713,400

• 17 · Accounts payable and accrued expenses

  beginning of year $6,438,484 · end of year $5,591,301

• 23 · Secured mortgages and notes payable

  beginning of year $35,716,472 · end of year $31,370,571

• 25 · Other liabilities

  end of year $6,265,306

• 29 · Capital stock, trust principal or current funds

  beginning of year $61,125 · end of year $62,290

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

  beginning of year $1,925,469 · end of year $2,109,972

• 31 · Retained earnings, endowment or other funds

  beginning of year $47,548,708 · end of year $49,888,142

The filer's explanations (Part III)

SCHEDULE J, PART III

PART II, COLUMN C: INCLUDED IN THIS AMOUNT IS THE INCREASE OR DECREASE IN ACTUARIAL VALUE OF RS DEFINED BENEFIT PENSION PLAN. THIS INCREASE OR DECREASE DOES NOT REPRESENT CASH PAYMENTS UNDER THE PLAN.