Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALES OF ELECTRICITY

  total $85,691,356 · related or exempt $85,691,356

• 2b · Program service revenue: WATER CONTRACTS

  total $4,753,508 · related or exempt $4,753,508

• 2c · Program service revenue: PATRONAGE DIVIDENDS

  total $3,185,211 · related or exempt $3,185,211

• 2d · Program service revenue: SERVICE FEES

  total $188,800 · related or exempt $188,800

• 2e · Program service revenue: LEASED PLANT REVENUE

  total $120,000 · related or exempt $120,000

• 2f · All other program service revenue

  total $617,559 · related or exempt $617,559

• 3 · Investment income

  total $321,608 · excluded $321,608

• 7a · Gross sales of assets other than inventory

  other assets $138,400

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

  other assets $151,713

• 7c · Gain or loss

  other assets -$13,313

• 7d · Net gain or loss

  total -$13,313 · related or exempt -$13,313

• 10a · Gross sales of inventory

  $166,016

• 10b · Cost of goods sold

  $316,627

• 10c · Net income from sales of inventory

  total -$150,611 · related or exempt -$150,611

• 11a · Other revenue: POLE ATTACHMENT INCOME

  total $99,270 · excluded $99,270

• 11e · Other revenue, total

  $99,270

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $101,889

• 2 · Grants to domestic individuals

  total $1,025

• 4 · Benefits paid to or for members

  total $911,132

• 5 · Compensation of officers, directors and key employees

  total $3,511,992

• 7 · Other salaries and wages

  total $3,911,390

• 8 · Pension plan contributions

  total $363,494

• 9 · Other employee benefits

  total $1,009,829

• 10 · Payroll taxes

  total $405,787

• 20 · Interest

  total $9,197,426

• 22 · Depreciation, depletion and amortization

  total $12,368,997

• 24a · Other expenses: PURCHASED POWER

  total $47,697,428

• 24b · Other expenses: ADMIN & GENERAL EXPENSE

  total $7,180,314

• 24c · Other expenses: OPERATING TAXES

  total $3,254,615

• 24d · Other expenses: WATER EXPENSES

  total $1,275,706

• 24e · All other expenses

  total $1,104,617

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,388,315 · end of year $1,269,390

• 2 · Savings and temporary cash investments

  beginning of year $106,515 · end of year $110,758

• 4 · Accounts receivable

  beginning of year $7,504,512 · end of year $2,323,229

• 7 · Other notes and loans receivable

  beginning of year $2,805,464 · end of year $2,095,401

• 8 · Inventories for sale or use

  beginning of year $4,711,215 · end of year $6,088,404

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,194,937 · end of year $1,045,847

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

  $406,455,717

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

  $122,603,503

• 10c · Land, buildings and equipment, net

  beginning of year $272,651,833 · end of year $283,852,214

• 13 · Investments: program-related

  beginning of year $94,613,779 · end of year $93,630,946

• 15 · Other assets

  beginning of year $7,994,049 · end of year $5,920,626

• 17 · Accounts payable and accrued expenses

  beginning of year $10,125,554 · end of year $12,210,341

• 23 · Secured mortgages and notes payable

  beginning of year $225,955,689 · end of year $228,697,145

• 25 · Other liabilities

  beginning of year $10,568,686 · end of year $6,412,320

• 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 $146,320,690 · end of year $149,017,009

The filer's explanations (Part III)

PART I, LINE 1A

THE COOPERATIVE WILL PAY 100% OF GYM MEMBERSHIP FEES FOR ALL EMPLOYEES. SIX INDIVIDUALS REPORTED ON PART VII (MUELLER, KASSELMAN, KLAUS, MCVAY, WEST, AND CONINE) RECEIVED THIS BENEFIT DURING THE YEAR.

PART I, LINE 4B

BRUCE MUELLER PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED DEFERRED COMPENSATION (NQDC) RETIREMENT PLAN. BENEFITS UNDER THE PLAN WERE ACCRUED BUT NOT PAID DURING THE YEAR.