Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MISCELLANEOUS ELECTRIC

  total $838,241 · related or exempt $838,241

• 3 · Investment income

  total $265,313 · related or exempt $265,313

• 6a · Gross rents

  personal property $1,091,595

• 6b · Less rental expenses

  personal property $0

• 6c · Rental income or loss

  personal property $1,091,595

• 6d · Net rental income or loss

  total $1,091,595 · excluded $1,091,595

• 10a · Gross sales of inventory

  $58,377,276

• 10b · Cost of goods sold

  $41,133,144

• 10c · Net income from sales of inventory

  total $17,244,132 · related or exempt $17,244,132

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $353,313 · program services $353,313

• 8 · Pension plan contributions

  total $1,731,040 · program services $1,731,040

• 9 · Other employee benefits

  total $66,686 · program services $66,686

• 10 · Payroll taxes

  total $281,089 · program services $281,089

• 11b · Fees: legal

  total $36,150 · program services $36,150

• 12 · Advertising and promotion

  total $129,332 · program services $129,332

• 13 · Office expenses

  total $123,820 · program services $123,820

• 20 · Interest

  total $605,412 · program services $605,412

• 22 · Depreciation, depletion and amortization

  total $3,892,187 · program services $3,892,187

• 24a · Other expenses: DISTRIBUTION OPERATING

  total $2,206,833 · program services $2,206,833

• 24b · Other expenses: GROSS RECEIPTS AND PRIV

  total $1,993,213 · program services $1,993,213

• 24c · Other expenses: DISTRIBUTION MAINTENANC

  total $1,882,535 · program services $1,882,535

• 24d · Other expenses: CONSUMER ACCT EXPENSE

  total $1,783,277 · program services $1,783,277

• 24e · All other expenses

  total $1,546,657 · program services $1,546,657

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,289,396 · end of year $2,810,328

• 2 · Savings and temporary cash investments

  beginning of year $2,739,131 · end of year $1,170,541

• 4 · Accounts receivable

  beginning of year $3,771,935 · end of year $4,383,302

• 8 · Inventories for sale or use

  beginning of year $863,538 · end of year $1,223,905

• 9 · Prepaid expenses and deferred charges

  beginning of year $189,206 · end of year $186,279

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

  $122,683,292

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

  $30,478,130

• 10c · Land, buildings and equipment, net

  beginning of year $87,776,081 · end of year $92,205,162

• 12 · Investments: other securities

  beginning of year $27,655 · end of year $27,655

• 15 · Other assets

  beginning of year $574,360 · end of year $493,515

• 17 · Accounts payable and accrued expenses

  beginning of year $17,283,101 · end of year $17,898,348

• 23 · Secured mortgages and notes payable

  beginning of year $14,275,650 · end of year $14,196,378

• 25 · Other liabilities

  beginning of year $390,286 · end of year $313,827

• 29 · Capital stock, trust principal or current funds

  beginning of year $148,107 · end of year $150,242

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

  beginning of year $91,601 · end of year $91,598

• 31 · Retained earnings, endowment or other funds

  beginning of year $67,042,557 · end of year $69,850,294

The filer's explanations (Part III)

SCHEDULE J, PART 1, QUESTION 3:

THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS MAKES RECOMMENDATIONS FOR COMPENSATION TO THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. THE RECOMMENDED COMPENSATIONS ARE REVIEWED AND VOTED ON BY THE BOARD OF DIRECTORS ANNUALLY.