Form 990 for tax year 2024

2a · Program service revenue: SALE OF UTILITY SERVICE TO MEMBER

total $17,214,871 · related or exempt $17,214,871

3 · Investment income

total $69,604 · excluded $69,604

11a · Other revenue: OTHER NON-OPERATING INCOME

total $93,061 · related or exempt $93,061

11b · Other revenue: CAPITAL CREDITS

total $49,984 · related or exempt $49,984

11e · Other revenue, total

$143,045

4 · Benefits paid to or for members

total $612,103 · program services $612,103

5 · Compensation of officers, directors and key employees

total $362,121 · management and general $362,121

7 · Other salaries and wages

total $409,243 · management and general $409,243

9 · Other employee benefits

total $302,747 · management and general $302,747

12 · Advertising and promotion

total $16,120 · program services $16,120

13 · Office expenses

total $244,061 · management and general $244,061

20 · Interest

total $842,511 · program services $842,511

22 · Depreciation, depletion and amortization

total $2,008,211 · program services $2,008,211

23 · Insurance

total $140,812 · management and general $140,812

24a · Other expenses: COST OF POWER

total $6,498,071 · program services $6,498,071

24b · Other expenses: DISTRIBUTION EXPENSE

total $3,359,281 · program services $3,359,281

24c · Other expenses: CONSUMER ACCOUNTS

total $957,303 · program services $957,303

24d · Other expenses: TAXES

total $626,531 · program services $626,531

24e · All other expenses

total $1,048,405 · program services $74,128 · management and general $974,277

1 · Cash, non-interest-bearing

beginning of year $2,115,830 · end of year $2,614,287

4 · Accounts receivable

beginning of year $1,335,965 · end of year $1,338,746

8 · Inventories for sale or use

beginning of year $897,872 · end of year $800,822

9 · Prepaid expenses and deferred charges

beginning of year $63,848 · end of year $64,677

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

$74,715,277

10b · Land, buildings and equipment: accumulated depreciation

$39,517,379

10c · Land, buildings and equipment, net

beginning of year $35,704,498 · end of year $35,197,898

12 · Investments: other securities

beginning of year $1,849,385 · end of year $1,839,477

15 · Other assets

beginning of year $2,467

17 · Accounts payable and accrued expenses

beginning of year $1,955,277 · end of year $1,605,292

23 · Secured mortgages and notes payable

beginning of year $19,722,933 · end of year $20,259,767

25 · Other liabilities

beginning of year $2,065,118 · end of year $2,088,516

29 · Capital stock, trust principal or current funds

beginning of year $18,226,537 · end of year $17,902,332

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 $0 · end of year $0