Form 990 for tax year 2023

2a · Program service revenue: SALE AND DIST. OF ELECT.

total $131,012,683 · related or exempt $131,012,683

2b · Program service revenue: CONT. IN AID OF CONST.

total $4,022,245 · related or exempt $4,022,245

2c · Program service revenue: CASH PATRONAGE REC.

total $310,522 · related or exempt $310,522

3 · Investment income

total $188,390 · excluded $188,390

6a · Gross rents

personal property $732,482

6b · Less rental expenses

personal property $129,751

6c · Rental income or loss

personal property $602,731

6d · Net rental income or loss

total $602,731 · unrelated business $142,062 · excluded $460,669

4 · Benefits paid to or for members

total $2,422,472

5 · Compensation of officers, directors and key employees

total $927,164

7 · Other salaries and wages

total $14,989,439

8 · Pension plan contributions

total $3,840,075

10 · Payroll taxes

total $1,241,009

11b · Fees: legal

total $153,283

17 · Travel

total $3,655,806

19 · Conferences, conventions and meetings

total $274,380

20 · Interest

total $7,796,812

22 · Depreciation, depletion and amortization

total $13,534,239

24a · Other expenses: COST OF POWER

total $74,492,028

24b · Other expenses: DIST. MAINTENANCE

total $11,501,233

24c · Other expenses: ADMIN & GENERAL

total $3,129,462

24d · Other expenses: DISTRIBUTION OPERATION

total $2,324,402

24e · All other expenses

total -$7,143,896

1 · Cash, non-interest-bearing

end of year $10,169,765

2 · Savings and temporary cash investments

end of year $1,491,224

4 · Accounts receivable

beginning of year $48,239,495 · end of year $42,870,209

8 · Inventories for sale or use

beginning of year $4,036,259 · end of year $4,843,436

9 · Prepaid expenses and deferred charges

beginning of year $243,011 · end of year $222,829

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

$410,416,419

10b · Land, buildings and equipment: accumulated depreciation

$159,912,218

10c · Land, buildings and equipment, net

beginning of year $250,664,160 · end of year $250,504,201

13 · Investments: program-related

beginning of year $55,106,054 · end of year $56,119,399

15 · Other assets

beginning of year $707,208 · end of year $702,937

17 · Accounts payable and accrued expenses

beginning of year $13,876,824 · end of year $9,191,696

23 · Secured mortgages and notes payable

beginning of year $208,244,392 · end of year $221,363,603

25 · Other liabilities

beginning of year $7,953,117 · end of year $6,899,505

31 · Retained earnings, endowment or other funds

beginning of year $128,921,854 · end of year $129,469,196