Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALES OF ELECTRICITY

  total $64,808,482 · excluded $64,808,482

• 2b · Program service revenue: PATRONAGE DIVIDENDS

  total $3,875,022 · excluded $3,875,022

• 3 · Investment income

  total $728,526 · excluded $728,526

• 6a · Gross rents

  real property $550,059

• 6c · Rental income or loss

  real property $550,059

• 6d · Net rental income or loss

  total $550,059 · excluded $550,059

• 7a · Gross sales of assets other than inventory

  other assets $186,803

• 7c · Gain or loss

  other assets $186,803

• 7d · Net gain or loss

  total $186,803 · excluded $186,803

• 10a · Gross sales of inventory

  $222,657

• 10b · Cost of goods sold

  $207,834

• 10c · Net income from sales of inventory

  total $14,823 · unrelated business $3,600 · excluded $11,223

• 11a · Other revenue: NON-OPERATING REVENUE

  total $37,500 · excluded $37,500

• 11e · Other revenue, total

  $37,500

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $4,257,295

• 5 · Compensation of officers, directors and key employees

  total $728,482

• 7 · Other salaries and wages

  total $1,014,436

• 20 · Interest

  total $4,452,357

• 22 · Depreciation, depletion and amortization

  total $4,926,179

• 24a · Other expenses: COST OF POWER

  total $39,326,308

• 24b · Other expenses: DISTRIBUTION

  total $10,896,198

• 24c · Other expenses: GENERAL & ADMINISTRATIVE

  total $1,993,567

• 24d · Other expenses: CONSUMER EXPENSE

  total $1,342,262

• 24e · All other expenses

  total $1,264,131

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,313,963 · end of year $5,128,175

• 2 · Savings and temporary cash investments

  beginning of year $17,203,357 · end of year $1,519,030

• 4 · Accounts receivable

  beginning of year $4,811,189 · end of year $5,162,474

• 7 · Other notes and loans receivable

  end of year $141,717

• 8 · Inventories for sale or use

  beginning of year $2,246,679 · end of year $2,836,038

• 9 · Prepaid expenses and deferred charges

  beginning of year $215,933 · end of year $149,356

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

  $207,748,698

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

  $60,067,777

• 10c · Land, buildings and equipment, net

  beginning of year $122,684,193 · end of year $147,680,921

• 13 · Investments: program-related

  beginning of year $35,047,901 · end of year $38,421,157

• 17 · Accounts payable and accrued expenses

  beginning of year $7,050,949 · end of year $7,626,097

• 23 · Secured mortgages and notes payable

  beginning of year $84,036,358 · end of year $96,261,721

• 25 · Other liabilities

  beginning of year $11,431,218 · end of year $11,600,661

• 29 · Capital stock, trust principal or current funds

  beginning of year $465,025 · end of year $458,295

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

  beginning of year $9,106,413 · end of year $9,981,591

• 31 · Retained earnings, endowment or other funds

  beginning of year $73,433,252 · end of year $75,110,503

The filer's explanations (Part III)

SCHEDULE J, PART III

PART II, COLUMN C: INCLUDED IN THIS AMOUNT IS THE INCREASE OR DECREASE IN ACTUARIAL VALUE OF RS DEFINED BENEFIT PENSION PLAN. THIS INCREASE OR DECREASE DOES NOT REPRESENT CASH PAYMENTS UNDER THE PLAN.