Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALE OF POWER

  total $302,220,512 · related or exempt $302,220,512

• 2b · Program service revenue: RTO & WHEELING REVENUE

  total $33,203,598 · related or exempt $33,203,598

• 2c · Program service revenue: G&T CAPITAL CREDITS

  total $20,648,082 · related or exempt $20,648,082

• 3 · Investment income

  total $610,163 · excluded $610,163

• 6a · Gross rents

  real property $156,931

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $156,931

• 6d · Net rental income or loss

  total $156,931 · excluded $156,931

• 7a · Gross sales of assets other than inventory

  other assets $30,959

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

  other assets $0

• 7c · Gain or loss

  other assets $30,959

• 7d · Net gain or loss

  total $30,959 · excluded $30,959

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $67,814 · excluded $67,814

• 11e · Other revenue, total

  $67,814

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $68,390

• 4 · Benefits paid to or for members

  total $27,750,309

• 5 · Compensation of officers, directors and key employees

  total $1,776,962

• 7 · Other salaries and wages

  total $15,667,407

• 8 · Pension plan contributions

  total $3,314,446

• 10 · Payroll taxes

  total $1,231,567

• 20 · Interest

  total $17,321,873

• 22 · Depreciation, depletion and amortization

  total $16,246,989

• 24a · Other expenses: COST OF POWER

  total $264,558,585

• 24b · Other expenses: TRANSMISSION - OPERATIO

  total $11,398,268

• 24c · Other expenses: TRANSMISSION - MAINTENA

  total $3,898,680

• 24d · Other expenses: DISTRIBUTION - OPERATIO

  total $2,165,487

• 24e · All other expenses

  total -$8,460,904

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $9,939,777 · end of year $8,838,848

• 4 · Accounts receivable

  beginning of year $35,599,010 · end of year $32,472,060

• 8 · Inventories for sale or use

  beginning of year $15,638,936 · end of year $22,969,746

• 9 · Prepaid expenses and deferred charges

  beginning of year $5,711,597 · end of year $4,550,077

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

  $798,867,098

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

  $158,322,243

• 10c · Land, buildings and equipment, net

  beginning of year $578,128,813 · end of year $640,544,855

• 12 · Investments: other securities

  beginning of year $13,334,637 · end of year $6,973,624

• 13 · Investments: program-related

  beginning of year $179,012,528 · end of year $193,943,052

• 17 · Accounts payable and accrued expenses

  beginning of year $41,386,893 · end of year $40,635,791

• 23 · Secured mortgages and notes payable

  beginning of year $484,684,554 · end of year $487,114,022

• 24 · Unsecured notes and loans payable

  beginning of year $30,000,000 · end of year $88,000,000

• 25 · Other liabilities

  beginning of year $15,522,359 · end of year $8,730,596

• 29 · Capital stock, trust principal or current funds

  beginning of year $2,500 · end of year $2,500

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

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $265,768,992 · end of year $285,809,353

The filer's explanations (Part III)

PART I, LINE 1A

USE OF CHARTER AIR IS ALLOWED ONLY WHEN COMMERCIAL AIRLINE SERVICE IS NOT AVAILABLE OR PRACTICAL.

PART I, LINE 4B

ROBERT SAHR RECEIVED A PAYMENT OF $25,860 AS A PERFORMANCE INCENTIVE 457(F) TO SUPPLEMENT HIS COMPENSATION FOR A SPECIFIC TIME FRAME.

SCHEDULE J, PART II, COLUMN C

SCHEDULE J, PART II, COLUMN C INCLUDES THE CHANGE IN ACTUARIAL VALUE IN THE DEFINED BENEFIT PLAN PER THE 990 INSTRUCTIONS. THIS AMOUNT DOES NOT REPRESENT THE ACTUAL CONTRIBUTIONS MADE TO THE PLAN BY THE COOPERATIVE.