Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: DISTRIBUTION OF ELECTRICITY

  total $10,446,694 · related or exempt $10,446,694

• 2b · Program service revenue: PATRONAGE CAPITAL

  total $352,967 · related or exempt $352,967

• 3 · Investment income

  total $12,986 · excluded $12,986

• 10a · Gross sales of inventory

  $241,471

• 10b · Cost of goods sold

  $222,258

• 10c · Net income from sales of inventory

  total $19,213 · related or exempt $19,213

• 11a · Other revenue: OTHER NONOPERATING INCOME

  total $760 · related or exempt $760

• 11e · Other revenue, total

  $760

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $6,481

• 4 · Benefits paid to or for members

  total $1,138,276

• 5 · Compensation of officers, directors and key employees

  total $253,702

• 7 · Other salaries and wages

  total $1,224,323

• 8 · Pension plan contributions

  total $235,862

• 9 · Other employee benefits

  total $243,837

• 10 · Payroll taxes

  total $105,393

• 20 · Interest

  total $495,667

• 22 · Depreciation, depletion and amortization

  total $935,318

• 24a · Other expenses: COST OF PURCHASED POWER

  total $5,495,825

• 24b · Other expenses: DISTRIBUTION - OPERATIO

  total $980,707

• 24c · Other expenses: DISTRIBUTION - MAINTENA

  total $413,047

• 24d · Other expenses: CUSTOMER ACCOUNTS

  total $258,927

• 24e · All other expenses

  total -$1,055,310

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,852 · end of year $23,034

• 2 · Savings and temporary cash investments

  beginning of year $825,434 · end of year $52,477

• 4 · Accounts receivable

  beginning of year $214,184 · end of year $1,145,433

• 8 · Inventories for sale or use

  beginning of year $572,564 · end of year $1,571,716

• 9 · Prepaid expenses and deferred charges

  beginning of year $190,881 · end of year $158,364

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

  $36,465,902

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

  $12,668,082

• 10c · Land, buildings and equipment, net

  beginning of year $22,975,690 · end of year $23,797,820

• 12 · Investments: other securities

  beginning of year $299 · end of year $299

• 13 · Investments: program-related

  beginning of year $4,663,915 · end of year $5,170,580

• 15 · Other assets

  beginning of year $3,107 · end of year $3,107

• 17 · Accounts payable and accrued expenses

  beginning of year $783,445 · end of year $926,139

• 23 · Secured mortgages and notes payable

  beginning of year $10,145,470 · end of year $11,695,395

• 25 · Other liabilities

  beginning of year $36,837 · end of year $112,479

• 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 $18,482,174 · end of year $19,188,817

The filer's explanations (Part III)

SCHEDULE J, PART II, COLUMN C

INCLUDED IN THE AMOUNT REPORTED IN COLUMN C FOR THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN ARE AS FOLLOWS: - KENT AMUNDSON $72,150 - NATHAN BAUER $42,099 - ANDREW MCGILL $27,557 ACTUAL COOPERATIVE CONTRIBUTIONS TO THE DEFINED BENEFIT PLAN ARE AS FOLLOWS: - KENT AMUNDSON $30,645 - NATHAN BAUER $22,828 - ANDREW MCGILL $16,572