Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALE AND DIST. OF ELECT.

  total $236,817,756 · related or exempt $236,817,756

• 2b · Program service revenue: CONT. IN AID OF CONST.

  total $18,634,120 · related or exempt $18,634,120

• 2c · Program service revenue: PATRONAGE CAPITAL - REC

  total $382,615 · related or exempt $382,615

• 2d · Program service revenue: SURGE PROTECTOR PROGRAM

  total $3,054 · related or exempt $3,054

• 3 · Investment income

  total $1,117,159 · excluded $1,117,159

• 6a · Gross rents

  personal property $1,192,584

• 6c · Rental income or loss

  personal property $1,192,584

• 6d · Net rental income or loss

  total $1,192,584 · excluded $1,192,584

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

  other assets $225,544

• 7c · Gain or loss

  other assets -$225,544

• 7d · Net gain or loss

  total -$225,544 · excluded -$225,544

• 11a · Other revenue: OTHER INCOME

  total $12,310 · related or exempt $12,310

• 11e · Other revenue, total

  $12,310

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $403,514

• 4 · Benefits paid to or for members

  total $17,985,278

• 5 · Compensation of officers, directors and key employees

  total $3,203,143

• 7 · Other salaries and wages

  total $20,553,719

• 8 · Pension plan contributions

  total $2,413,299

• 9 · Other employee benefits

  total $681,268

• 10 · Payroll taxes

  total $1,831,678

• 11b · Fees: legal

  total $188,270

• 17 · Travel

  total $1,792,356

• 19 · Conferences, conventions and meetings

  total $703,164

• 20 · Interest

  total $6,475,270

• 22 · Depreciation, depletion and amortization

  total $14,960,732

• 24a · Other expenses: COST OF POWER

  total $161,000,335

• 24b · Other expenses: ADMIN AND GENERAL

  total $9,648,512

• 24c · Other expenses: DISTRIBUTION MAINTENANCE

  total $7,594,166

• 24d · Other expenses: DISTRIBUTION OPERATION

  total $3,009,459

• 24e · All other expenses

  total -$6,868,536

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,475,285 · end of year $3,935,863

• 2 · Savings and temporary cash investments

  beginning of year $7,190,000 · end of year $19,807,000

• 4 · Accounts receivable

  beginning of year $29,829,426 · end of year $35,168,618

• 8 · Inventories for sale or use

  beginning of year $12,420,521 · end of year $13,732,843

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,097,177 · end of year $891,936

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

  $572,484,085

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

  $225,528,164

• 10c · Land, buildings and equipment, net

  beginning of year $315,820,693 · end of year $346,955,921

• 12 · Investments: other securities

  beginning of year $2,300,788 · end of year $2,182,688

• 13 · Investments: program-related

  beginning of year $79,110,499 · end of year $86,004,530

• 17 · Accounts payable and accrued expenses

  beginning of year $21,497,138 · end of year $29,687,636

• 23 · Secured mortgages and notes payable

  beginning of year $146,896,565 · end of year $184,197,751

• 25 · Other liabilities

  beginning of year $36,846,713 · end of year $38,045,890

• 31 · Retained earnings, endowment or other funds

  beginning of year $247,003,973 · end of year $256,748,122

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4

ROBERT BOOK 0 11,998 0 DWAYNE STREET 0 1,718 0 JESSE SPAMPINATO 0 565 0 KYLE BOUIKA 0 560 0 TROY DICKERSON 0 2,996 0 DAWN R. SMART 0 563 0 BRUCE CAMPBELL 0 1,596 0 KEVIN YINGLING 0 557 0 STEPHEN HEARN 0 1,113 0