Form 990 for tax year 2024

1e · Government grants (contributions)

$180,863

2a · Program service revenue: Sale of Electricity

total $18,953,581 · related or exempt $18,953,581

2b · Program service revenue: Capital Credits

total $495,976 · related or exempt $495,976

2c · Program service revenue: Other Operating

total $127,681 · related or exempt $127,681

3 · Investment income

total $120,765 · excluded $120,765

6a · Gross rents

personal property $57,378

6c · Rental income or loss

personal property $57,378

6d · Net rental income or loss

total $57,378 · excluded $57,378

7a · Gross sales of assets other than inventory

other assets $116,370

7c · Gain or loss

other assets $116,370

7d · Net gain or loss

total $116,370 · excluded $116,370

8c · Net income from fundraising events

total $0

11a · Other revenue: Misc Non-Operating

total -$32,288 · related or exempt -$32,288

11e · Other revenue, total

-$32,288

1 · Grants to domestic organizations and governments

total $7,500

2 · Grants to domestic individuals

total $11,814

4 · Benefits paid to or for members

total $1,454,956

5 · Compensation of officers, directors and key employees

total $581,076

7 · Other salaries and wages

total $987,277

20 · Interest

total $1,306,979

22 · Depreciation, depletion and amortization

total $1,803,809

24a · Other expenses: Cost of Power

total $10,161,639 · program services $10,161,639

24b · Other expenses: Distribution Expense

total $1,663,396 · program services $1,663,396

24c · Other expenses: Admin & General

total $1,489,693 · program services $1,489,693

24d · Other expenses: Member Services

total $367,573 · program services $367,573

24e · All other expenses

total $3,751

1 · Cash, non-interest-bearing

beginning of year $950,848 · end of year $706,823

2 · Savings and temporary cash investments

beginning of year $1,000,000 · end of year $1,560,000

4 · Accounts receivable

beginning of year $1,500,624 · end of year $1,656,027

8 · Inventories for sale or use

beginning of year $915,340 · end of year $858,618

9 · Prepaid expenses and deferred charges

beginning of year $180,800 · end of year $387,092

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

$64,982,579

10b · Land, buildings and equipment: accumulated depreciation

$23,054,554

10c · Land, buildings and equipment, net

beginning of year $41,060,449 · end of year $41,928,025

13 · Investments: program-related

beginning of year $7,311,955 · end of year $7,433,221

15 · Other assets

beginning of year $39,348

17 · Accounts payable and accrued expenses

beginning of year $1,663,322 · end of year $1,720,937

19 · Deferred revenue

beginning of year $418,289 · end of year $410,983

23 · Secured mortgages and notes payable

beginning of year $31,466,004 · end of year $29,381,518

24 · Unsecured notes and loans payable

end of year $2,400,000

25 · Other liabilities

beginning of year $368,390 · end of year $389,405

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

beginning of year $1,646,506 · end of year $1,674,711

31 · Retained earnings, endowment or other funds

beginning of year $17,396,853 · end of year $18,552,252