Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: ELECTRIC SALES

  total $156,581,904 · related or exempt $156,581,904

• 2b · Program service revenue: CIAC

  total $2,170,572 · related or exempt $2,170,572

• 2c · Program service revenue: CAPITAL CR. - CASH REC.

  total $583,033 · related or exempt $583,033

• 2d · Program service revenue: OTHER

  total $4,309 · related or exempt $4,309

• 3 · Investment income

  total $190,879 · excluded $190,879

• 6a · Gross rents

  personal property $316,654

• 6c · Rental income or loss

  personal property $316,654

• 6d · Net rental income or loss

  total $316,654 · excluded $316,654

• 7a · Gross sales of assets other than inventory

  other assets $94,704

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

  other assets $110,528

• 7c · Gain or loss

  other assets -$15,824

• 7d · Net gain or loss

  total -$15,824 · excluded -$15,824

• 11a · Other revenue: BILLING SERVICES

  total $37,560 · unrelated business $37,560

• 11e · Other revenue, total

  $37,560

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $4,416,392

• 5 · Compensation of officers, directors and key employees

  total $2,824,108

• 7 · Other salaries and wages

  total $14,612,284

• 8 · Pension plan contributions

  total $2,959,975

• 9 · Other employee benefits

  total $224,344

• 10 · Payroll taxes

  total $1,402,589

• 11b · Fees: legal

  total $77,001

• 17 · Travel

  total $3,074,061

• 19 · Conferences, conventions and meetings

  total $350,519

• 20 · Interest

  total $5,894,179

• 22 · Depreciation, depletion and amortization

  total $13,590,145

• 24a · Other expenses: COST OF POWER

  total $102,057,955

• 24b · Other expenses: ADMIN & GENERAL

  total $6,617,923

• 24c · Other expenses: MAINTENANCE

  total $4,477,776

• 24d · Other expenses: CONSUMER ACCOUNTS

  total $1,946,658

• 24e · All other expenses

  total -$7,900,059

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,742,761 · end of year $2,027,570

• 2 · Savings and temporary cash investments

  beginning of year $1,372,882 · end of year $953,548

• 4 · Accounts receivable

  beginning of year $20,235,737 · end of year $18,766,445

• 7 · Other notes and loans receivable

  beginning of year $852,917 · end of year $1,318,958

• 8 · Inventories for sale or use

  beginning of year $3,869,637 · end of year $5,213,216

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,096,734 · end of year $2,436,289

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

  $441,463,260

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

  $143,804,135

• 10c · Land, buildings and equipment, net

  beginning of year $286,793,431 · end of year $297,659,125

• 11 · Investments: publicly traded securities

  beginning of year $2,057,052 · end of year $1,884,336

• 12 · Investments: other securities

  beginning of year $1,071,346 · end of year $438,885

• 13 · Investments: program-related

  beginning of year $43,496,012 · end of year $47,138,717

• 15 · Other assets

  beginning of year $435,753 · end of year $934,763

• 17 · Accounts payable and accrued expenses

  beginning of year $17,598,005 · end of year $18,200,551

• 23 · Secured mortgages and notes payable

  beginning of year $145,219,593 · end of year $157,479,707

• 25 · Other liabilities

  beginning of year $25,070,123 · end of year $20,136,850

• 31 · Retained earnings, endowment or other funds

  beginning of year $176,136,541 · end of year $182,954,744

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4

JEFFERY T. CLARK 0 18,000 0 MICHELLE HEFNER 0 6,600 0 WANDA JONES 0 6,600 0 JEFF ALLEN 0 6,600 0 ANDREA AVERY 0 6,600 0 DEVIN COSTA 0 6,600 0 TIMOTHY SPENCER 0 6,600 0 STEVE GOODSON 0 6,600 0 CARRIE PETERS 0 6,600 0 RICKY MAREADY 0 6,600 0 ANDY SHEPARD 0 6,600 0