Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALES OF ELECTRICITY

  total $47,236,798 · related or exempt $47,236,798

• 2b · Program service revenue: PATRONAGE DIVIDENDS

  total $1,905,274 · related or exempt $1,905,274

• 2c · Program service revenue: PATRONAGE DIVIDENDS - 990-T

  total $409,605 · unrelated business $409,605

• 3 · Investment income

  total $407,409 · excluded $407,409

• 6a · Gross rents

  real property $783,813

• 6c · Rental income or loss

  real property $783,813

• 6d · Net rental income or loss

  total $783,813 · excluded $783,813

• 7a · Gross sales of assets other than inventory

  other assets $2,271

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

  other assets $734,929

• 7c · Gain or loss

  other assets -$732,658

• 7d · Net gain or loss

  total -$732,658 · unrelated business -$734,929 · excluded $2,271

• 10a · Gross sales of inventory

  $11,641,529

• 10b · Cost of goods sold

  $2,795,215

• 10c · Net income from sales of inventory

  total $8,846,314 · unrelated business $8,811,450 · excluded $34,864

• 11a · Other revenue: OTHER NON-OPERATING INCOME

  total $1,047,591 · excluded $1,047,591

• 11e · Other revenue, total

  $1,047,591

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $924,466

• 5 · Compensation of officers, directors and key employees

  total $1,233,592

• 7 · Other salaries and wages

  total $3,200,344

• 11b · Fees: legal

  total $5,322

• 11c · Fees: accounting

  total $9,180

• 20 · Interest

  total $3,347,701

• 22 · Depreciation, depletion and amortization

  total $7,670,029

• 24a · Other expenses: COST OF POWER

  total $28,589,766

• 24b · Other expenses: DISTRIBUTION EXPENSE

  total $6,662,793

• 24c · Other expenses: OTHER

  total $2,428,023

• 24d · Other expenses: CONSUMER EXPENSE

  total $2,250,887

• 24e · All other expenses

  total $3,582,043

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $681,282 · end of year $744,693

• 4 · Accounts receivable

  beginning of year $13,969,675 · end of year $4,835,069

• 8 · Inventories for sale or use

  beginning of year $4,640,166 · end of year $6,828,249

• 9 · Prepaid expenses and deferred charges

  beginning of year $440,065 · end of year $509,101

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

  $226,300,274

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

  $58,946,274

• 10c · Land, buildings and equipment, net

  beginning of year $142,938,106 · end of year $167,354,000

• 12 · Investments: other securities

  beginning of year $26,158,862 · end of year $35,792,383

• 14 · Intangible assets

  beginning of year $319,488 · end of year $319,488

• 15 · Other assets

  beginning of year $52,174

• 17 · Accounts payable and accrued expenses

  beginning of year $9,415,063 · end of year $11,479,749

• 23 · Secured mortgages and notes payable

  beginning of year $111,842,084 · end of year $136,821,639

• 25 · Other liabilities

  beginning of year $8,673,446 · end of year $10,231,484

• 29 · Capital stock, trust principal or current funds

  beginning of year $105,250 · end of year $106,870

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

  beginning of year $2,935,443 · end of year $2,900,183

• 31 · Retained earnings, endowment or other funds

  beginning of year $56,228,532 · end of year $54,843,058

The filer's explanations (Part III)

SCHEDULE J, PART III

EMPLOYEE NAME: HAMID VAHDATIPOUR ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 178,213 EMPLOYER CONTRIBUTION TO 401(K) PLAN 10,184 TOTAL REPORTED IN COLUMN C 188,397 LESS: ACTUARIAL INCREASE 178,213 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 47,824 EXPENSE TO COOPERATIVE 58,008 EMPLOYEE NAME: JOHN LEE ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 68,973 EMPLOYER CONTRIBUTION TO 401(K) PLAN 13,794 TOTAL REPORTED IN COLUMN C 82,767 LESS: ACTUARIAL INCREASE 68,973 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 20,907 EXPENSE TO COOPERATIVE 34,701 EMPLOYEE NAME: BEN MCCOLLUM ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 72,645 EMPLOYER CONTRIBUTION TO 401(K) PLAN 14,089 TOTAL REPORTED IN COLUMN C 86,734 LESS: ACTUARIAL INCREASE 72,645 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 23,804 EXPENSE TO COOPERATIVE 37,893 EMPLOYEE NAME: LOGAN PLEASANT ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 35,800 EMPLOYER CONTRIBUTION TO 401(K) PLAN 15,411 TOTAL REPORTED IN COLUMN C 51,211 LESS: ACTUARIAL INCREASE 35,800 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 26,568 EXPENSE TO COOPERATIVE 41,979 EMPLOYEE NAME: WENDALL WELCH ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 23,140 EMPLOYER CONTRIBUTION TO 401(K) PLAN 11,597 TOTAL REPORTED IN COLUMN C 34,737 LESS: ACTUARIAL INCREASE 23,140 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 19,385 EXPENSE TO COOPERATIVE 30,982 EMPLOYEE NAME: JASON STEELEY ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 26,346 EMPLOYER CONTRIBUTION TO 401(K) PLAN 8,236 TOTAL REPORTED IN COLUMN C 34,582 LESS: ACTUARIAL INCREASE 26,346 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 14,083 EXPENSE TO COOPERATIVE 22,319 EMPLOYEE NAME: GLEN CLARK ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 90,515 EMPLOYER CONTRIBUTION TO 401(K) PLAN 11,123 TOTAL REPORTED IN COLUMN C 101,638 LESS: ACTUARIAL INCREASE 90,515 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 19,019 EXPENSE TO COOPERATIVE 30,142 EMPLOYEE NAME: JASON YOUNGBLOOD ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 16,546 EMPLOYER CONTRIBUTION TO 401(K) PLAN 8,236 TOTAL REPORTED IN COLUMN C 24,782 LESS: ACTUARIAL INCREASE 16,546 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 14,083 EXPENSE TO COOPERATIVE 22,319