Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALE OF ELECTRICITY

  total $228,150,485 · related or exempt $228,150,485

• 2b · Program service revenue: MISCELLANEOUS

  total $4,327,775 · related or exempt $4,327,775

• 2c · Program service revenue: POLE RENTAL

  total $1,877,753 · excluded $1,877,753

• 2d · Program service revenue: DARK FIBER

  total $169,194 · excluded $169,194

• 3 · Investment income

  total $629,004 · excluded $629,004

• 11a · Other revenue: PATRONAGE CAPITAL REFUND

  total $291,223 · related or exempt $291,223

• 11e · Other revenue, total

  $291,223

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $7,121,912

• 5 · Compensation of officers, directors and key employees

  total $1,063,573

• 7 · Other salaries and wages

  total $10,784,654

• 8 · Pension plan contributions

  total $4,092,358

• 9 · Other employee benefits

  total $2,054,202

• 10 · Payroll taxes

  total $912,027

• 11b · Fees: legal

  total $40,063

• 11c · Fees: accounting

  total $37,776

• 11g · Fees: other

  total $223,729

• 12 · Advertising and promotion

  total $146,567

• 13 · Office expenses

  total $365,233

• 14 · Information technology

  total $204,134

• 19 · Conferences, conventions and meetings

  total $320,205

• 20 · Interest

  total $3,013,080

• 22 · Depreciation, depletion and amortization

  total $12,170,132

• 23 · Insurance

  total $394,012

• 24a · Other expenses: COST OF ELECTRICITY SOLD

  total $170,847,322

• 24b · Other expenses: DISTRIB. MAINTENANCE EXP.

  total $13,533,799

• 24c · Other expenses: DISTRIB. OPERATIONS EXP.

  total $4,504,234

• 24d · Other expenses: CUSTOMER ACCOUNTS EXPENSE

  total $2,295,406

• 24e · All other expenses

  total $1,321,016

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,641,741 · end of year $1,225,330

• 2 · Savings and temporary cash investments

  beginning of year $25,087,454 · end of year $12,886,454

• 4 · Accounts receivable

  beginning of year $14,377,753 · end of year $12,608,013

• 7 · Other notes and loans receivable

  beginning of year $3,166,575 · end of year $3,216,058

• 8 · Inventories for sale or use

  beginning of year $3,876,733 · end of year $4,259,412

• 9 · Prepaid expenses and deferred charges

  beginning of year $314,026 · end of year $251,154

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

  $387,709,014

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

  $133,077,389

• 10c · Land, buildings and equipment, net

  beginning of year $237,289,260 · end of year $254,631,625

• 15 · Other assets

  beginning of year $9,108,268 · end of year $8,379,889

• 17 · Accounts payable and accrued expenses

  beginning of year $34,167,242 · end of year $31,799,371

• 23 · Secured mortgages and notes payable

  beginning of year $80,000,915 · end of year $76,364,668

• 25 · Other liabilities

  beginning of year $43,344,287 · end of year $42,512,575

• 29 · Capital stock, trust principal or current funds

  beginning of year $839,510 · end of year $847,840

• 31 · Retained earnings, endowment or other funds

  beginning of year $136,509,856 · end of year $145,933,481

The filer's explanations (Part III)

SCHEDULE J, PART III

SCHEDULE J, PART I, LINE 1A - FRINGE OR EXPENSE EXPLANATION EMPLOYEE REIMBURSEMENT OF HEALTH CLUB MEMBERSHIP DUES ALLOWANCE OF 50% OF DUES PAID TO A MAXIMUM OF 200 PER YEAR PER EMPLOYEE UPON PRESENTATION OF A PAID RECEIPT. NO HEALTH CLUB DUES WERE REIMBURSED TO ANY DIRECTORS.