Form 990 for tax year 2024

2a · Program service revenue: ELECTRIC REVENUE

total $31,751,843 · related or exempt $31,751,843

3 · Investment income

total $43,270 · excluded $43,270

6a · Gross rents

personal property $140,900

6b · Less rental expenses

personal property $0

6c · Rental income or loss

personal property $140,900

6d · Net rental income or loss

total $140,900 · excluded $140,900

7a · Gross sales of assets other than inventory

other assets $1,000

7b · Less cost or other basis and sales expenses

other assets $741

7c · Gain or loss

other assets $259

7d · Net gain or loss

total $259 · excluded $259

11a · Other revenue: PATRONAGE ALLOCATIONS

total $691,593 · related or exempt $691,593

11e · Other revenue, total

$691,593

4 · Benefits paid to or for members

total $3,698,734

5 · Compensation of officers, directors and key employees

total $1,329,580

7 · Other salaries and wages

total $1,388,083

8 · Pension plan contributions

total $424,202

9 · Other employee benefits

total $666,078

10 · Payroll taxes

total $185,230

20 · Interest

total $1,129,297

22 · Depreciation, depletion and amortization

total $2,681,226

24a · Other expenses: COST OF POWER

total $17,961,987

24b · Other expenses: DISTRIBUTION EXPENSE

total $1,616,685

24c · Other expenses: ADMINISTRATIVE AND GENE

total $937,353

24d · Other expenses: CONSUMER ACCOUNT EXPENS

total $365,600

24e · All other expenses

total $243,810

1 · Cash, non-interest-bearing

beginning of year $571,311 · end of year $1,152,752

4 · Accounts receivable

beginning of year $3,321,757 · end of year $3,826,468

8 · Inventories for sale or use

beginning of year $1,354,751 · end of year $1,377,356

9 · Prepaid expenses and deferred charges

beginning of year $254,388 · end of year $96,828

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

$77,609,695

10b · Land, buildings and equipment: accumulated depreciation

$23,763,950

10c · Land, buildings and equipment, net

beginning of year $50,337,617 · end of year $53,845,745

13 · Investments: program-related

beginning of year $10,773,897 · end of year $10,945,086

15 · Other assets

beginning of year $667,275 · end of year $428,017

17 · Accounts payable and accrued expenses

beginning of year $3,531,314 · end of year $4,073,190

23 · Secured mortgages and notes payable

beginning of year $27,485,587 · end of year $28,443,835

25 · Other liabilities

beginning of year $1,027,791 · end of year $711,149

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 $190,541 · end of year $190,998

31 · Retained earnings, endowment or other funds

beginning of year $35,045,763 · end of year $38,253,080