Form 990 for tax year 2023

1e · Government grants (contributions)

$1,423,280

2a · Program service revenue: ELECTRIC REVENUE

total $25,633,713 · related or exempt $25,633,713

2b · Program service revenue: HEAT REVENUE

total $2,875,524 · related or exempt $2,875,524

2c · Program service revenue: PATRONAGE CAPITAL

total $175,666 · related or exempt $175,666

3 · Investment income

total $270,953 · excluded $270,953

6a · Gross rents

real property $65,540

6b · Less rental expenses

real property $0

6c · Rental income or loss

real property $65,540

6d · Net rental income or loss

total $65,540 · excluded $65,540

4 · Benefits paid to or for members

total $271,490 · program services $271,490

5 · Compensation of officers, directors and key employees

total $890,595 · management and general $890,595

7 · Other salaries and wages

total $4,431,653 · program services $4,431,653

8 · Pension plan contributions

total $1,366,081 · program services $1,366,081

9 · Other employee benefits

total $589,946 · program services $589,946

10 · Payroll taxes

total $1,437,482 · program services $1,437,482

11c · Fees: accounting

total $115,876 · management and general $115,876

12 · Advertising and promotion

total $101,956 · program services $101,956

13 · Office expenses

total $42,307 · program services $42,307

20 · Interest

total $1,728,041 · program services $1,728,041

22 · Depreciation, depletion and amortization

total $3,408,785 · program services $3,408,785

23 · Insurance

total $778,000 · program services $778,000

24a · Other expenses: DIESEL

total $9,786,126 · program services $9,786,126

24b · Other expenses: ADMINISTRATIVE & GENERA

total $4,031,582 · management and general $4,031,582

24c · Other expenses: GROSS RECEIPTS TAX

total $44,948 · program services $44,948

24d · Other expenses: MAINTENANCE EXPENSE

total -$69,013 · program services -$69,013

1 · Cash, non-interest-bearing

beginning of year $701 · end of year $700

2 · Savings and temporary cash investments

beginning of year $6,680,036 · end of year $8,227,651

4 · Accounts receivable

beginning of year $1,777,382 · end of year $2,283,537

7 · Other notes and loans receivable

beginning of year -$40,651 · end of year -$35,968

8 · Inventories for sale or use

beginning of year $2,218,018 · end of year $2,950,121

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

$136,383,730

10b · Land, buildings and equipment: accumulated depreciation

$67,336,220

10c · Land, buildings and equipment, net

beginning of year $66,581,700 · end of year $69,047,510

12 · Investments: other securities

beginning of year $1,428,123 · end of year $1,517,062

14 · Intangible assets

beginning of year $9,000 · end of year $9,000

15 · Other assets

beginning of year $2,498,883 · end of year $2,378,507

17 · Accounts payable and accrued expenses

beginning of year $2,104,027 · end of year $2,293,978

23 · Secured mortgages and notes payable

beginning of year $42,130,537 · end of year $46,106,832

25 · Other liabilities

beginning of year $12,952,818 · end of year $13,774,225

29 · Capital stock, trust principal or current funds

beginning of year $0 · end of year $0

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

beginning of year $2,985 · end of year $2,985

31 · Retained earnings, endowment or other funds

beginning of year $23,962,825 · end of year $24,200,100