Form 990 for tax year 2023

2a · Program service revenue: SALES OF ELECTRICITY

total $340,619,994 · related or exempt $340,619,994

2b · Program service revenue: BROADBAND SALES

total $15,935,266 · related or exempt $15,935,266

2c · Program service revenue: PATRONAGE DIVIDENDS

total $2,215,619 · related or exempt $2,215,619

3 · Investment income

total $884,543 · excluded $884,543

5 · Royalties

total $11,785 · excluded $11,785

6a · Gross rents

real property $933,380

6c · Rental income or loss

real property $933,380

6d · Net rental income or loss

total $933,380 · excluded $933,380

7a · Gross sales of assets other than inventory

other assets $654,744

7b · Less cost or other basis and sales expenses

other assets $219,646

7c · Gain or loss

other assets $435,098

7d · Net gain or loss

total $435,098 · excluded $435,098

10a · Gross sales of inventory

$477,470

10b · Cost of goods sold

$728,668

10c · Net income from sales of inventory

total -$251,198 · unrelated business -$251,198

11a · Other revenue: DEBT SECURITIZATION PROCEEDS

total $1,087,671 · excluded $1,087,671

11b · Other revenue: SECURITIZATION SERVICING

total $204,910 · excluded $204,910

11e · Other revenue, total

$1,292,581

1 · Grants to domestic organizations and governments

total $87,746

4 · Benefits paid to or for members

total $11,313,873

5 · Compensation of officers, directors and key employees

total $4,282,476

7 · Other salaries and wages

total $14,388,672

9 · Other employee benefits

total $5,439,036

10 · Payroll taxes

total $1,242,999

12 · Advertising and promotion

total $11,623

20 · Interest

total $15,690,681

22 · Depreciation, depletion and amortization

total $29,927,845

24a · Other expenses: COST OF POWER

total $257,829,359

24b · Other expenses: DISTRIBUTION

total $8,969,269

24c · Other expenses: GENERAL & ADMINISTRATIVE

total $3,641,309

24d · Other expenses: CONSUMER EXPENSE

total $2,869,280

24e · All other expenses

total $10,436,864

1 · Cash, non-interest-bearing

beginning of year $52,085,035 · end of year $25,908,140

2 · Savings and temporary cash investments

beginning of year $87,248

4 · Accounts receivable

beginning of year $42,441,978 · end of year $34,275,475

8 · Inventories for sale or use

beginning of year $15,624,815 · end of year $13,063,975

9 · Prepaid expenses and deferred charges

beginning of year $470,625 · end of year $943,835

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

$853,432,742

10b · Land, buildings and equipment: accumulated depreciation

$177,249,942

10c · Land, buildings and equipment, net

beginning of year $557,400,769 · end of year $676,182,800

13 · Investments: program-related

beginning of year $125,450,023 · end of year $126,957,052

15 · Other assets

beginning of year $456,604,528 · end of year $454,057,100

17 · Accounts payable and accrued expenses

beginning of year $86,162,967 · end of year $60,823,002

23 · Secured mortgages and notes payable

beginning of year $852,007,413 · end of year $949,358,115

25 · Other liabilities

beginning of year $15,340,865 · end of year $17,328,086

29 · Capital stock, trust principal or current funds

beginning of year $130,955 · end of year $125,130

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

beginning of year $11,198,049 · end of year $13,182,727

31 · Retained earnings, endowment or other funds

beginning of year $285,324,772 · end of year $290,571,317