Form 990 for tax year 2022

2a · Program service revenue: Sales of Electricity

total $39,779,699 · related or exempt $39,779,699

2b · Program service revenue: Patronage Dividends

total $769,947 · related or exempt $769,947

3 · Investment income

total $109,593 · excluded $109,593

6a · Gross rents

personal property $432,269

6b · Less rental expenses

personal property $0

6c · Rental income or loss

personal property $432,269

6d · Net rental income or loss

total $432,269 · excluded $432,269

7a · Gross sales of assets other than inventory

other assets $203

7b · Less cost or other basis and sales expenses

other assets $0

7c · Gain or loss

other assets $203

7d · Net gain or loss

total $203 · excluded $203

4 · Benefits paid to or for members

total $1,816,926

5 · Compensation of officers, directors and key employees

total $917,265

20 · Interest

total $1,218,920

22 · Depreciation, depletion and amortization

total $3,659,345

24a · Other expenses: Cost of Power

total $24,918,746

24b · Other expenses: Dist Exp-Maintenance

total $3,970,239

24c · Other expenses: Admin & Gen Exp

total $1,984,866

24d · Other expenses: Consumer Accounts Exp

total $1,410,420

24e · All other expenses

total $1,194,984

1 · Cash, non-interest-bearing

beginning of year $5,463,524 · end of year $7,198,335

2 · Savings and temporary cash investments

end of year $2,250,000

4 · Accounts receivable

beginning of year $3,755,248 · end of year $4,182,236

8 · Inventories for sale or use

beginning of year $812,405 · end of year $1,026,805

9 · Prepaid expenses and deferred charges

beginning of year $103,168 · end of year $223,272

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

$124,600,706

10b · Land, buildings and equipment: accumulated depreciation

$49,483,319

10c · Land, buildings and equipment, net

beginning of year $80,309,329 · end of year $75,117,387

13 · Investments: program-related

beginning of year $18,692,904 · end of year $19,307,859

15 · Other assets

beginning of year $1,651,911 · end of year $1,743,307

17 · Accounts payable and accrued expenses

beginning of year $3,809,059 · end of year $3,939,612

23 · Secured mortgages and notes payable

beginning of year $47,412,798 · end of year $45,359,994

25 · Other liabilities

beginning of year $3,935,532 · end of year $5,080,292

29 · Capital stock, trust principal or current funds

beginning of year $77,025 · end of year $76,220

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

beginning of year $0 · end of year $0

31 · Retained earnings, endowment or other funds

beginning of year $55,554,075 · end of year $56,593,083