Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALE OF POWER

  total $19,092,760 · related or exempt $19,092,760

• 2b · Program service revenue: CAPITAL CREDITS

  total $156,653 · related or exempt $156,653

• 3 · Investment income

  total $83,304 · excluded $83,304

• 7a · Gross sales of assets other than inventory

  other assets $365,651

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

  other assets $236,762

• 7c · Gain or loss

  other assets $128,889

• 7d · Net gain or loss

  total $128,889 · excluded $128,889

• 10a · Gross sales of inventory

  $31,999

• 10b · Cost of goods sold

  $9,342

• 10c · Net income from sales of inventory

  total $22,657 · related or exempt $22,657

• 11a · Other revenue: MISC.NON-OPERATING INCOME

  total $31,727 · related or exempt $31,727

• 11e · Other revenue, total

  $31,727

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $7,656

• 2 · Grants to domestic individuals

  total $9,000

• 4 · Benefits paid to or for members

  total $1,402,823

• 5 · Compensation of officers, directors and key employees

  total $493,511

• 7 · Other salaries and wages

  total $2,080,138

• 8 · Pension plan contributions

  total $410,020

• 10 · Payroll taxes

  total $210,894

• 11b · Fees: legal

  total $24,619

• 11c · Fees: accounting

  total $30,500

• 11g · Fees: other

  total $14,289

• 12 · Advertising and promotion

  total $59,404

• 13 · Office expenses

  total $63,297

• 19 · Conferences, conventions and meetings

  total $17,544

• 20 · Interest

  total $1,126,502

• 22 · Depreciation, depletion and amortization

  total $1,861,626

• 24a · Other expenses: COST OF POWER

  total $9,831,654

• 24b · Other expenses: DISTRIBUTION-OPERATIONS

  total $1,051,014

• 24c · Other expenses: DISTRIBUTION-MAINTENANC

  total $434,150

• 24d · Other expenses: ADMIN AND GENERAL

  total $205,479

• 24e · All other expenses

  total $181,870

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $6,984,758 · end of year $9,421,805

• 4 · Accounts receivable

  beginning of year $1,236,093 · end of year $1,465,383

• 8 · Inventories for sale or use

  beginning of year $230,822 · end of year $306,313

• 9 · Prepaid expenses and deferred charges

  beginning of year $757,581 · end of year $1,113,592

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

  $55,848,590

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

  $14,779,604

• 10c · Land, buildings and equipment, net

  beginning of year $41,571,041 · end of year $41,068,986

• 12 · Investments: other securities

  beginning of year $3,484,365 · end of year $2,932,748

• 13 · Investments: program-related

  beginning of year $5,748,007 · end of year $7,358,205

• 14 · Intangible assets

  beginning of year $1,439 · end of year $1,439

• 15 · Other assets

  beginning of year $5,869 · end of year $9,565

• 17 · Accounts payable and accrued expenses

  beginning of year $1,723,976 · end of year $1,801,817

• 23 · Secured mortgages and notes payable

  beginning of year $35,455,064 · end of year $38,341,427

• 25 · Other liabilities

  beginning of year $191,513 · end of year $197,655

• 29 · Capital stock, trust principal or current funds

  beginning of year $121,370 · end of year $123,740

• 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 $22,528,052 · end of year $23,213,397

The filer's explanations (Part III)

FORM 990, SCHEDULE J, PART II, COLUMN C

INCLUDED IN PART II, COLUMN C, IS THE CHANGE IN ACTUARIAL VALUE OF A DEFINED BENEFIT PLAN TOTALING $55,726 FOR MICHAEL M. MORTON, $31,144 FOR JASON MOORE, AND $31,671 FOR JOHN BETTENCOURT. ACTUAL CONTRIBUTIONS TO THE PLAN BY THE COOPERATIVE TOTALED $30,674 FOR MICHAEL M. MORTON, $20,736 FOR JASON MOORE, AND $16,714 FOR JOHN BETTENCOURT.