Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: DISTRIBUTION OF ELECTRICITY

  total $12,098,167 · related or exempt $12,098,167

• 2b · Program service revenue: PATRONAGE CAPITAL

  total $608,312 · related or exempt $608,312

• 3 · Investment income

  total $39,379 · excluded $39,379

• 7a · Gross sales of assets other than inventory

  other assets $940

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

  other assets $436

• 7c · Gain or loss

  other assets $504

• 7d · Net gain or loss

  total $504 · excluded $504

• 10a · Gross sales of inventory

  $366,056

• 10b · Cost of goods sold

  $322,473

• 10c · Net income from sales of inventory

  total $43,583 · related or exempt $43,583

• 11a · Other revenue: OTHER NONOPERATING INCOME

  total $3,714 · related or exempt $3,714

• 11e · Other revenue, total

  $3,714

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $6,170

• 4 · Benefits paid to or for members

  total $491,093

• 5 · Compensation of officers, directors and key employees

  total $285,282

• 7 · Other salaries and wages

  total $1,369,784

• 8 · Pension plan contributions

  total $275,777

• 9 · Other employee benefits

  total $301,255

• 10 · Payroll taxes

  total $118,079

• 20 · Interest

  total $686,294

• 22 · Depreciation, depletion and amortization

  total $894,408

• 24a · Other expenses: COST OF PURCHASED POWER

  total $7,168,063

• 24b · Other expenses: DISTRIBUTION - OPERATIO

  total $962,330

• 24c · Other expenses: DISTRIBUTION - MAINTENA

  total $458,145

• 24d · Other expenses: CUSTOMER SERVICE AND IN

  total $324,554

• 24e · All other expenses

  total -$1,185,748

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $21,481 · end of year $50,969

• 2 · Savings and temporary cash investments

  beginning of year $846,323 · end of year $371,590

• 4 · Accounts receivable

  beginning of year $1,096,851 · end of year $1,263,167

• 8 · Inventories for sale or use

  beginning of year $1,521,324 · end of year $1,610,646

• 9 · Prepaid expenses and deferred charges

  beginning of year $169,113 · end of year $166,439

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

  $40,452,482

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

  $13,637,012

• 10c · Land, buildings and equipment, net

  beginning of year $25,191,157 · end of year $26,815,470

• 13 · Investments: program-related

  beginning of year $5,706,633 · end of year $7,830,987

• 15 · Other assets

  beginning of year $3,108 · end of year $3,100

• 17 · Accounts payable and accrued expenses

  beginning of year $1,087,533 · end of year $1,360,998

• 23 · Secured mortgages and notes payable

  beginning of year $13,197,551 · end of year $15,509,817

• 25 · Other liabilities

  beginning of year $172,891 · end of year $402,363

• 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 $20,098,015 · end of year $20,839,190

The filer's explanations (Part III)

SCHEDULE J, PART II, COLUMN C

INCLUDED IN THE AMOUNT REPORTED IN COLUMN C FOR THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN ARE AS FOLLOWS: - KENT AMUNDSON $57,088 - NATHAN BAUER $30,238 - THOMAS BROCKHAUS $5,963 - ANDREW MCGILL $17,000 ACTUAL COOPERATIVE CONTRIBUTIONS TO THE DEFINED BENEFIT PLAN ARE AS FOLLOWS: - KENT AMUNDSON $32,256 - NATHAN BAUER $24,357 - THOMAS BROCKHAUS $17,107 - ANDREW MCGILL $17,107