Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $100,711

• 2a · Program service revenue: Sale of Power & Other Services

  total $43,433,758 · related or exempt $43,433,758

• 3 · Investment income

  total $89,332 · excluded $89,332

• 7a · Gross sales of assets other than inventory

  other assets $1,000

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

  other assets $2,724

• 7c · Gain or loss

  other assets -$1,724

• 7d · Net gain or loss

  total -$1,724 · excluded -$1,724

• 10a · Gross sales of inventory

  $20,197

• 10b · Cost of goods sold

  $10,359

• 10c · Net income from sales of inventory

  total $9,838 · related or exempt $7,456 · unrelated business $2,382

• 11a · Other revenue: Capital Credits

  total $1,961,155 · related or exempt $1,961,155

• 11e · Other revenue, total

  $1,961,155

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $21,686

• 4 · Benefits paid to or for members

  total $1,200,000

• 5 · Compensation of officers, directors and key employees

  total $653,270

• 7 · Other salaries and wages

  total $774,051

• 8 · Pension plan contributions

  total $13,908

• 9 · Other employee benefits

  total $57,181

• 12 · Advertising and promotion

  total $87,497

• 13 · Office expenses

  total $15,304

• 14 · Information technology

  total $312,603

• 19 · Conferences, conventions and meetings

  total $34,214

• 20 · Interest

  total $3,676,919

• 22 · Depreciation, depletion and amortization

  total $6,513,409

• 23 · Insurance

  total $51,278

• 24a · Other expenses: Cost of Power

  total $19,433,976

• 24b · Other expenses: Dist Exp - Operating

  total $3,131,920

• 24c · Other expenses: Dist Exp - Maintenance

  total $2,519,405

• 24d · Other expenses: Federal income tax expe

  total $200

• 24e · All other expenses

  total $3,383,032

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,518,760 · end of year $1,486,347

• 2 · Savings and temporary cash investments

  beginning of year $319,983 · end of year $986,863

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $1,118,879

• 4 · Accounts receivable

  beginning of year $5,003,279 · end of year $5,348,398

• 8 · Inventories for sale or use

  beginning of year $6,582,440 · end of year $4,982,613

• 9 · Prepaid expenses and deferred charges

  beginning of year $827,400 · end of year $1,401,339

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

  $201,023,566

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

  $57,749,721

• 10c · Land, buildings and equipment, net

  beginning of year $137,098,727 · end of year $143,273,845

• 13 · Investments: program-related

  beginning of year $10,134,695 · end of year $10,981,777

• 14 · Intangible assets

  beginning of year $156,857 · end of year $158,813

• 15 · Other assets

  beginning of year $0 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $4,355,714 · end of year $4,051,115

• 19 · Deferred revenue

  beginning of year $161,677 · end of year $913,721

• 23 · Secured mortgages and notes payable

  beginning of year $109,912,719 · end of year $112,207,415

• 24 · Unsecured notes and loans payable

  beginning of year $2,500,000 · end of year $0

• 25 · Other liabilities

  beginning of year $2,337,816 · end of year $4,073,667

• 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 $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $44,374,215 · end of year $48,492,956

The filer's explanations (Part III)

Schedule J, Part II, Column C

Included in the amount reported in column C is $58,003 for the change in actuarial value of the defined benefit plan for Jeremy Richert. Actual Cooperative contributions to the plan were $37,752. Included in the amount reported in column C is $54,160 for the change in actuarial value of the defined benefit plan for Dan Schulte. Actual Cooperative contributions to the plan were $22,650. Included in the amount reported in column C is $22,858 for the change in actuarial value of the defined benefit plan for Brent Wegmann. Actual Cooperative contributions to the plan were $23,740. Included in the amount reported in column C is $18,579 for the change in actuarial value of the defined benefit plan for Kelly Gibbs. Actual Cooperative contributions to the plan were $25,483. Included in the amount reported in column C is $46,746 for the change in actuarial value of the defined benefit plan for Dean Koopmann. Actual Cooperative contributions to the plan were $19,567. Included in the amount reported in column C is $7,519 for the change in actuarial value of the defined benefit plan for Tony Sheridan. Actual Cooperative contributions to the plan were $15,850. Included in the amount reported in column C is $6,700 for the change in actuarial value of the defined benefit plan for Tony Marbach. Actual Cooperative contributions to the plan were $16,245.