Form 990 for tax year 2024

2a · Program service revenue: SALE OF POWER

total $16,356,109 · related or exempt $16,356,109

3 · Investment income

total $69,688 · excluded $69,688

6a · Gross rents

real property $14,910

6b · Less rental expenses

real property $0

6c · Rental income or loss

real property $14,910

6d · Net rental income or loss

total $14,910 · excluded $14,910

7a · Gross sales of assets other than inventory

other assets $5,349

7b · Less cost or other basis and sales expenses

other assets $12,369

7c · Gain or loss

other assets -$7,020

7d · Net gain or loss

total -$7,020 · excluded -$7,020

10a · Gross sales of inventory

$38,209

10b · Cost of goods sold

$39,613

10c · Net income from sales of inventory

total -$1,404 · unrelated business -$1,404

11a · Other revenue: CAPTIAL CREDITS

total $580,937 · related or exempt $580,937

11b · Other revenue: POWERNET GLOBAL AND WILD BLUE

total $33,206 · unrelated business $33,206

11c · Other revenue: MISC NONOPERATING INCOME

total $1,936 · related or exempt $1,936

11e · Other revenue, total

$616,079

4 · Benefits paid to or for members

total $1,277,979

5 · Compensation of officers, directors and key employees

total $380,987

20 · Interest

total $890,512

22 · Depreciation, depletion and amortization

total $1,550,329

24a · Other expenses: COST OF POWER

total $8,034,927

24b · Other expenses: MAINTENANCE EXPENSE

total $1,550,140

24c · Other expenses: ADMINISTRATIVE & GENERA

total $1,264,572

24d · Other expenses: OPERATIONS EXPENSE

total $1,019,231

24e · All other expenses

total $833,729

1 · Cash, non-interest-bearing

beginning of year $68,046 · end of year $112,761

2 · Savings and temporary cash investments

beginning of year $57,934 · end of year $1,302

4 · Accounts receivable

beginning of year $1,825,252 · end of year $1,781,437

8 · Inventories for sale or use

beginning of year $1,249,944 · end of year $1,079,088

9 · Prepaid expenses and deferred charges

beginning of year $197,445 · end of year $212,226

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

$61,234,762

10b · Land, buildings and equipment: accumulated depreciation

$18,126,251

10c · Land, buildings and equipment, net

beginning of year $41,973,971 · end of year $43,108,511

13 · Investments: program-related

beginning of year $7,457,295 · end of year $7,835,170

17 · Accounts payable and accrued expenses

beginning of year $2,151,610 · end of year $3,323,288

23 · Secured mortgages and notes payable

beginning of year $29,110,396 · end of year $28,984,751

25 · Other liabilities

beginning of year $2,039,098 · end of year $1,266,111

29 · Capital stock, trust principal or current funds

beginning of year $45,360 · end of year $44,180

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

beginning of year $980,885 · end of year $1,021,404

31 · Retained earnings, endowment or other funds

beginning of year $18,502,538 · end of year $19,490,761