Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALE OF POWER

  total $12,540,981 · related or exempt $12,540,981

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

  total $517,457 · related or exempt $517,457

• 2c · Program service revenue: OTHER CAPITAL CREDITS & DIVIDENDS

  total $103,442 · related or exempt $103,442

• 2f · All other program service revenue

  total $42,039 · related or exempt $42,039

• 3 · Investment income

  total $34,888 · excluded $34,888

• 10a · Gross sales of inventory

  $1,221,201

• 10b · Cost of goods sold

  $1,201,498

• 10c · Net income from sales of inventory

  total $19,703 · related or exempt $14,717 · unrelated business $4,986

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $24,029

• 4 · Benefits paid to or for members

  total $892,612

• 5 · Compensation of officers, directors and key employees

  total $333,595

• 7 · Other salaries and wages

  total $1,841,753

• 8 · Pension plan contributions

  total $360,071

• 10 · Payroll taxes

  total $154,681

• 20 · Interest

  total $1,003,139

• 22 · Depreciation, depletion and amortization

  total $1,275,947

• 24a · Other expenses: FEDERAL INCOME TAX

  total $3,080

• 24b · Other expenses: COST OF PURCHASED POWER

  total $6,649,184

• 24c · Other expenses: DISTRIBUTION - OPERATIO

  total $713,347

• 24d · Other expenses: DISTRIBUTION - MAINTENA

  total $658,089

• 24e · All other expenses

  total -$670,719

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $107,329 · end of year $451,250

• 4 · Accounts receivable

  beginning of year $1,374,440 · end of year $1,475,671

• 7 · Other notes and loans receivable

  beginning of year $214,068 · end of year $151,649

• 8 · Inventories for sale or use

  beginning of year $1,684,305 · end of year $1,751,601

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,003,250 · end of year $895,344

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

  $46,295,116

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

  $12,290,648

• 10c · Land, buildings and equipment, net

  beginning of year $31,827,472 · end of year $34,004,468

• 12 · Investments: other securities

  beginning of year $88,333 · end of year $89,964

• 13 · Investments: program-related

  beginning of year $8,284,430 · end of year $8,534,975

• 17 · Accounts payable and accrued expenses

  beginning of year $1,115,467 · end of year $1,258,554

• 23 · Secured mortgages and notes payable

  beginning of year $28,434,975 · end of year $30,196,251

• 24 · Unsecured notes and loans payable

  end of year $500,000

• 25 · Other liabilities

  beginning of year $256,175 · end of year $271,388

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 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 $14,777,010 · end of year $15,128,729

The filer's explanations (Part III)

SCHEDULE J, PART II, COLUMN (C)

THE AMOUNT REPORTED ON SCHEDULE J, PART II, COLUMN C INCLUDES THE CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR DAVID PAGE, ERIC PEDERSON AND JONATHAN CHRISTENSEN OF $93,719, $42,087 AND $31,518, RESPECTIVELY. THE ACTUAL CONTRIBUTION BY THE COOPERATIVE INTO THE DEFINED BENEFIT PLAN FOR DAVID, ERIC AND JONATHAN WAS $45,014, $26,260 AND $32,121, RESPECTIVELY.