Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALE AND DIST. OF ELECT.

  total $229,562,875 · related or exempt $229,562,875

• 2b · Program service revenue: CONT. IN AID OF CONST.

  total $22,584,700 · related or exempt $22,584,700

• 2c · Program service revenue: PATRONAGE CAPITAL - REC

  total $303,929 · related or exempt $303,929

• 2d · Program service revenue: SURGE PROTECTOR PROGRAM

  total $52,390 · related or exempt $52,390

• 3 · Investment income

  total $1,079,771 · excluded $1,079,771

• 6a · Gross rents

  personal property $1,258,384

• 6c · Rental income or loss

  personal property $1,258,384

• 6d · Net rental income or loss

  total $1,258,384 · excluded $1,258,384

• 7a · Gross sales of assets other than inventory

  other assets $38,659

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

  other assets $41,498

• 7c · Gain or loss

  other assets -$2,839

• 7d · Net gain or loss

  total -$2,839 · excluded -$2,839

• 11a · Other revenue: OTHER INCOME

  total $10,151 · related or exempt $10,151

• 11e · Other revenue, total

  $10,151

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $413,771

• 4 · Benefits paid to or for members

  total $28,747,654

• 5 · Compensation of officers, directors and key employees

  total $3,092,604

• 7 · Other salaries and wages

  total $19,499,619

• 8 · Pension plan contributions

  total $1,966,187

• 9 · Other employee benefits

  total $181,128

• 10 · Payroll taxes

  total $1,746,057

• 11b · Fees: legal

  total $399,665

• 17 · Travel

  total $1,796,485

• 19 · Conferences, conventions and meetings

  total $775,527

• 20 · Interest

  total $5,202,483

• 22 · Depreciation, depletion and amortization

  total $14,208,405

• 24a · Other expenses: COST OF POWER

  total $142,463,994

• 24b · Other expenses: DISTRIBUTION MAINTENANCE

  total $7,804,557

• 24c · Other expenses: ADMIN AND GENERAL

  total $7,384,924

• 24d · Other expenses: DISTRIBUTION OPERATION

  total $3,945,379

• 24e · All other expenses

  total -$5,843,388

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,219,079 · end of year $4,475,285

• 2 · Savings and temporary cash investments

  beginning of year $7,156,000 · end of year $7,190,000

• 4 · Accounts receivable

  beginning of year $27,741,041 · end of year $29,829,426

• 8 · Inventories for sale or use

  beginning of year $12,451,815 · end of year $12,420,521

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,858,715 · end of year $1,097,177

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

  $535,904,414

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

  $220,083,721

• 10c · Land, buildings and equipment, net

  beginning of year $299,112,011 · end of year $315,820,693

• 12 · Investments: other securities

  beginning of year $2,300,788 · end of year $2,300,788

• 13 · Investments: program-related

  beginning of year $77,132,955 · end of year $79,110,499

• 17 · Accounts payable and accrued expenses

  beginning of year $19,174,606 · end of year $21,497,138

• 23 · Secured mortgages and notes payable

  beginning of year $153,501,679 · end of year $146,896,565

• 25 · Other liabilities

  beginning of year $30,619,513 · end of year $36,846,713

• 31 · Retained earnings, endowment or other funds

  beginning of year $229,676,606 · end of year $247,003,973

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4

DWAYNE STREET 0 10,000 0 TROY DICKERSON 0 7,500 0 BRUCE CAMPBELL 0 1,116 0