Form 990 for tax year 2024

2a · Program service revenue: Sale of Electricity

total $232,429,328 · related or exempt $232,429,328

2b · Program service revenue: Capital Credits

total $4,375,930 · related or exempt $4,375,930

3 · Investment income

total $747,041 · excluded $747,041

6a · Gross rents

personal property $1,757,359

6b · Less rental expenses

personal property $0

6c · Rental income or loss

personal property $1,757,359

6d · Net rental income or loss

total $1,757,359 · excluded $1,757,359

7a · Gross sales of assets other than inventory

other assets $135,012

7b · Less cost or other basis and sales expenses

other assets $0

7c · Gain or loss

other assets $135,012

7d · Net gain or loss

total $135,012 · excluded $135,012

11a · Other revenue: Rebates

total $18,733 · related or exempt $18,733

11b · Other revenue: Miscellaneous Revenue

total $15,017 · related or exempt $15,017

11e · Other revenue, total

$33,750

4 · Benefits paid to or for members

total $9,003,683

5 · Compensation of officers, directors and key employees

total $1,502,790

20 · Interest

total $5,995,595

22 · Depreciation, depletion and amortization

total $17,222,260

24a · Other expenses: Cost of Power

total $156,132,217

24b · Other expenses: Dist Exp - Maintenance

total $24,936,054

24c · Other expenses: Administrative & Genera

total $11,813,537

24d · Other expenses: Dist Exp - Operations

total $6,146,815

24e · All other expenses

total $6,725,469

1 · Cash, non-interest-bearing

beginning of year $10,265,508 · end of year $18,590,659

2 · Savings and temporary cash investments

beginning of year $15,009,000 · end of year $3,175,667

4 · Accounts receivable

beginning of year $28,743,091 · end of year $28,874,815

7 · Other notes and loans receivable

beginning of year $2,286,678 · end of year $1,944,065

8 · Inventories for sale or use

beginning of year $9,044,092 · end of year $9,275,117

9 · Prepaid expenses and deferred charges

beginning of year $1,199,632 · end of year $1,111,287

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

$556,560,477

10b · Land, buildings and equipment: accumulated depreciation

$177,825,442

10c · Land, buildings and equipment, net

beginning of year $365,430,949 · end of year $378,735,035

13 · Investments: program-related

beginning of year $101,190,968 · end of year $103,134,265

17 · Accounts payable and accrued expenses

beginning of year $28,088,063 · end of year $33,808,249

19 · Deferred revenue

beginning of year $3,500,000 · end of year $3,000,000

23 · Secured mortgages and notes payable

beginning of year $176,347,262 · end of year $180,194,512

25 · Other liabilities

beginning of year $6,688,392 · end of year $6,968,836

29 · Capital stock, trust principal or current funds

beginning of year $359,752 · end of year $361,917

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

beginning of year $736,158 · end of year $736,158

31 · Retained earnings, endowment or other funds

beginning of year $317,450,291 · end of year $319,771,238