Form 990 for tax year 2024

2a · Program service revenue: SALE ELECTRICITY

total $141,117,950 · related or exempt $141,117,950

2b · Program service revenue: PATRONAGE CAPITAL CREDITS

total $4,316,882 · excluded $4,316,882

2c · Program service revenue: POLE RENTAL

total $812,378 · excluded $812,378

3 · Investment income

total $570,253 · excluded $570,253

6a · Gross rents

real property $14,071

6b · Less rental expenses

real property $2,547

6c · Rental income or loss

real property $11,524

6d · Net rental income or loss

total $11,524 · unrelated business $11,524

7a · Gross sales of assets other than inventory

other assets $84,306

7b · Less cost or other basis and sales expenses

other assets $0

7c · Gain or loss

other assets $84,306

7d · Net gain or loss

total $84,306 · related or exempt $84,306

2 · Grants to domestic individuals

total $11,000

4 · Benefits paid to or for members

total $1,511,437

5 · Compensation of officers, directors and key employees

total $1,460,469

7 · Other salaries and wages

total $1,569,866

20 · Interest

total $6,458,649

22 · Depreciation, depletion and amortization

total $11,038,236

24a · Other expenses: COST OF POWER

total $76,925,951

24b · Other expenses: DISTRIBUTION MAINTENANC

total $17,272,621

24c · Other expenses: DISTRIBUTION OPERATION

total $10,571,654

24d · Other expenses: CONSUMER ACCOUNTS

total $5,517,567

24e · All other expenses

total $5,545,147

1 · Cash, non-interest-bearing

beginning of year $5,877,345 · end of year $5,819,376

4 · Accounts receivable

beginning of year $20,142,798 · end of year $15,972,045

7 · Other notes and loans receivable

beginning of year $9,425,974 · end of year $9,343,681

8 · Inventories for sale or use

beginning of year $2,166,331 · end of year $2,261,424

9 · Prepaid expenses and deferred charges

beginning of year $1,976,882 · end of year $1,577,012

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

$371,870,132

10b · Land, buildings and equipment: accumulated depreciation

$111,470,892

10c · Land, buildings and equipment, net

beginning of year $239,033,316 · end of year $260,399,240

12 · Investments: other securities

beginning of year $144,662 · end of year $162,539

13 · Investments: program-related

beginning of year $71,960,728 · end of year $76,310,195

17 · Accounts payable and accrued expenses

beginning of year $11,224,839 · end of year $16,375,370

23 · Secured mortgages and notes payable

beginning of year $183,960,046 · end of year $190,718,238

25 · Other liabilities

beginning of year $12,123,681 · end of year $11,657,686

29 · Capital stock, trust principal or current funds

beginning of year $225,915 · end of year $225,405

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

beginning of year $7,713,179 · end of year $8,477,089

31 · Retained earnings, endowment or other funds

beginning of year $135,480,376 · end of year $144,391,724