Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALE OF POWER

  total $40,039,793 · related or exempt $40,039,793

• 2b · Program service revenue: CAPITAL CREDITS

  total $1,962,620 · related or exempt $1,962,620

• 3 · Investment income

  total $290,881 · excluded $290,881

• 6a · Gross rents

  real property $751

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $751

• 6d · Net rental income or loss

  total $751 · excluded $751

• 7a · Gross sales of assets other than inventory

  other assets $7,000

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

  other assets $4,000

• 7c · Gain or loss

  other assets $3,000

• 7d · Net gain or loss

  total $3,000 · excluded $3,000

• 10a · Gross sales of inventory

  $2,173,864

• 10b · Cost of goods sold

  $2,042,557

• 10c · Net income from sales of inventory

  total $131,307 · related or exempt $103,265 · unrelated business $28,042

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $29,145

• 4 · Benefits paid to or for members

  total $3,699,004

• 5 · Compensation of officers, directors and key employees

  total $753,685

• 7 · Other salaries and wages

  total $4,438,667

• 8 · Pension plan contributions

  total $794,328

• 10 · Payroll taxes

  total $380,863

• 20 · Interest

  total $2,444,121

• 22 · Depreciation, depletion and amortization

  total $3,076,894

• 24a · Other expenses: UNRELATED BUSINESS INCO

  total $2

• 24b · Other expenses: COST OF POWER

  total $25,282,015

• 24c · Other expenses: DISTRIBUTION - MAINTENA

  total $2,496,505

• 24d · Other expenses: DISTRIBUTION - OPERATIO

  total $1,530,877

• 24e · All other expenses

  total -$2,497,754

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $3,999,911 · end of year $3,843,811

• 4 · Accounts receivable

  beginning of year $3,589,370 · end of year $4,475,929

• 7 · Other notes and loans receivable

  beginning of year $533,296 · end of year $1,433,288

• 8 · Inventories for sale or use

  beginning of year $7,324,695 · end of year $6,632,412

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,796,096 · end of year $1,592,841

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

  $124,179,229

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

  $32,233,884

• 10c · Land, buildings and equipment, net

  beginning of year $84,020,913 · end of year $91,945,345

• 12 · Investments: other securities

  beginning of year $78,114 · end of year $42,682

• 13 · Investments: program-related

  beginning of year $25,254,068 · end of year $26,428,866

• 15 · Other assets

  beginning of year $6,600 · end of year $6,600

• 17 · Accounts payable and accrued expenses

  beginning of year $4,096,904 · end of year $4,711,637

• 23 · Secured mortgages and notes payable

  beginning of year $70,069,789 · end of year $76,885,330

• 25 · Other liabilities

  beginning of year $670,727 · end of year $704,434

• 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 $51,765,643 · end of year $54,100,373

The filer's explanations (Part III)

SCHEDULE J, PART II, COLUMN C

PER THE INSTRUCTIONS, THE AMOUNT REPORTED ON SCHEDULE J, PART II, COLUMN C INCLUDES THE CHANGE IN ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN, NOT THE AMOUNT PAID BY THE COOPERATIVE.