Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: OPERATING REVENUES

  total $35,614,760 · related or exempt $35,614,760

• 2b · Program service revenue: POLE RENTAL

  total $381,641 · excluded $381,641

• 3 · Investment income

  total $125,622 · excluded $125,622

• 11a · Other revenue: PATRONAGE CAPITAL

  total $723,044 · related or exempt $723,044

• 11b · Other revenue: NON OPERATING INCOME

  total $1,019 · related or exempt $1,019

• 11e · Other revenue, total

  $724,063

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $1,566,479

• 5 · Compensation of officers, directors and key employees

  total $521,103

• 11b · Fees: legal

  total $68,738

• 11c · Fees: accounting

  total $24,849

• 11g · Fees: other

  total $70,298

• 12 · Advertising and promotion

  total $228,265

• 17 · Travel

  total $112,435

• 20 · Interest

  total $1,472,146

• 22 · Depreciation, depletion and amortization

  total $3,771,442

• 24a · Other expenses: COST OF POWER

  total $19,773,183

• 24b · Other expenses: DISTRIBUTION MAINTENANCE

  total $3,418,032

• 24c · Other expenses: DISTRIBUTION OPERATIONS

  total $2,753,878

• 24d · Other expenses: ADMINISTRATIVE AND GENERA

  total $1,993,520

• 24e · All other expenses

  total $1,071,718

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,841,603 · end of year $1,378,976

• 4 · Accounts receivable

  beginning of year $1,309,493 · end of year $459,577

• 8 · Inventories for sale or use

  beginning of year $2,191,250 · end of year $2,270,834

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,158,308 · end of year $2,297,064

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

  $117,241,790

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

  $58,663,546

• 10c · Land, buildings and equipment, net

  beginning of year $57,683,969 · end of year $58,578,244

• 15 · Other assets

  beginning of year $15,863,888 · end of year $17,496,477

• 17 · Accounts payable and accrued expenses

  beginning of year $2,181,688 · end of year $2,669,246

• 23 · Secured mortgages and notes payable

  beginning of year $30,556,146 · end of year $31,726,035

• 25 · Other liabilities

  beginning of year $2,519,781 · end of year $2,670,095

• 29 · Capital stock, trust principal or current funds

  beginning of year $175,975 · end of year $177,240

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

  beginning of year $6,020,831 · end of year $6,471,147

• 31 · Retained earnings, endowment or other funds

  beginning of year $38,594,090 · end of year $38,767,409

The filer's explanations (Part III)

SCHEDULE J, PART III

1(A) -TCEPA REIMBURSES THE REASONABLE COST FOR TRAVEL FOR COMPANIONS OF MEMBERS OF ITS BOARD OF DIRECTORS TO STATE, REGIONAL, AND NATIONAL MEETINGS FOR THE CONVENIENCE OF ITS DIRECTORS. 3- TCEPA'S BOARD OF DIRECTORS ESTABLISHES THE COMPENSATION OF TWIN COUNTY'S GENERAL MANAGER CONSIDERING THE COMPENSATION PAID BY OTHER ELECTRIC POWER ASSOCIATIONS TO THEIR RESPECTIVE GENERAL MANAGERS.