Form 990 for tax year 2024

2a · Program service revenue: SALE OF POWER

total $103,538,442 · related or exempt $103,538,442

3 · Investment income

total $301,984 · excluded $301,984

6a · Gross rents

real property $1,323

6b · Less rental expenses

real property $0

6c · Rental income or loss

real property $1,323

6d · Net rental income or loss

total $1,323 · excluded $1,323

7a · Gross sales of assets other than inventory

other assets $263

7b · Less cost or other basis and sales expenses

other assets $57,180

7c · Gain or loss

other assets -$56,917

7d · Net gain or loss

total -$56,917 · excluded -$56,917

10a · Gross sales of inventory

$475,134

10b · Cost of goods sold

$1,003,385

10c · Net income from sales of inventory

total -$528,251 · related or exempt -$528,251

11a · Other revenue: CAPITAL CREDITS

total $4,823,827 · related or exempt $4,823,827

11e · Other revenue, total

$4,823,827

4 · Benefits paid to or for members

total $5,740,695

5 · Compensation of officers, directors and key employees

total $930,526

20 · Interest

total $7,421,774

22 · Depreciation, depletion and amortization

total $9,047,034

24a · Other expenses: COST OF POWER

total $63,492,186

24b · Other expenses: DIST EXP - OPERATIONS

total $7,284,335

24c · Other expenses: ADMIN & GENERAL EXPENSE

total $5,712,301

24d · Other expenses: DIST EXP - MAINTENANCE

total $3,379,559

24e · All other expenses

total $5,071,998

1 · Cash, non-interest-bearing

beginning of year $3,164,035 · end of year $2,734,509

2 · Savings and temporary cash investments

beginning of year $3,100,000 · end of year $2,900,000

4 · Accounts receivable

beginning of year $9,116,774 · end of year $10,472,045

8 · Inventories for sale or use

beginning of year $8,603,386 · end of year $7,965,680

9 · Prepaid expenses and deferred charges

beginning of year $1,040,998 · end of year $1,074,116

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

$359,668,773

10b · Land, buildings and equipment: accumulated depreciation

$69,376,313

10c · Land, buildings and equipment, net

beginning of year $261,858,560 · end of year $290,292,460

13 · Investments: program-related

beginning of year $63,959,026 · end of year $67,777,404

14 · Intangible assets

beginning of year $1,236 · end of year $1,236

15 · Other assets

beginning of year $1,405,554 · end of year $1,465,745

17 · Accounts payable and accrued expenses

beginning of year $11,229,196 · end of year $13,240,691

19 · Deferred revenue

beginning of year $3,556,504 · end of year $3,405,686

23 · Secured mortgages and notes payable

beginning of year $217,445,426 · end of year $220,637,191

24 · Unsecured notes and loans payable

beginning of year $5,000,000 · end of year $28,000,000

25 · Other liabilities

beginning of year $874,041 · end of year $821,651

29 · Capital stock, trust principal or current funds

beginning of year $0 · end of year $0

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 $114,144,402 · end of year $118,577,976