Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: ELECTRIC SALES

  total $27,690,560 · related or exempt $27,690,560

• 2b · Program service revenue: FORFEITED DISCOUNTS

  total $128,717 · related or exempt $128,717

• 2c · Program service revenue: OTHER ELECTRIC REVENUE

  total $42,621 · related or exempt $42,621

• 3 · Investment income

  total $49,280 · excluded $49,280

• 6a · Gross rents

  real property $61,182

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $61,182

• 6d · Net rental income or loss

  total $61,182 · excluded $61,182

• 11a · Other revenue: PATRONAGE CAPITAL CREDITS

  total $795,068 · related or exempt $795,068

• 11e · Other revenue, total

  $795,068

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $1,227,218 · program services $1,227,218

• 5 · Compensation of officers, directors and key employees

  total $436,805 · management and general $436,805

• 7 · Other salaries and wages

  total $4,056,948 · program services $3,301,100 · management and general $755,848

• 11b · Fees: legal

  total $93,313 · management and general $93,313

• 11c · Fees: accounting

  total $17,000 · management and general $17,000

• 12 · Advertising and promotion

  total $83,612 · program services $75,521 · management and general $8,091

• 13 · Office expenses

  total $126,630 · program services $62,237 · management and general $64,393

• 14 · Information technology

  total $117,207 · management and general $117,207

• 19 · Conferences, conventions and meetings

  total $31,389 · management and general $31,389

• 20 · Interest

  total $1,354,653 · program services $1,354,653

• 22 · Depreciation, depletion and amortization

  total $2,867,295 · program services $2,867,295

• 23 · Insurance

  total $39,381 · management and general $39,381

• 24a · Other expenses: PURCHASED POWER

  total $15,787,987 · program services $15,787,987

• 24b · Other expenses: MOWING, TRIMING & MAINT

  total $1,202,799 · program services $1,202,799

• 24c · Other expenses: MATERIALS

  total $834,749 · program services $788,925 · management and general $45,824

• 24d · Other expenses: PROPERTY, ENERGY & OTHE

  total $156,542 · program services $156,542

• 24e · All other expenses

  total $344,643 · program services $61,025 · management and general $283,618

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $453,360 · end of year $433,762

• 4 · Accounts receivable

  beginning of year $2,373,830 · end of year $2,869,232

• 8 · Inventories for sale or use

  beginning of year $471,888 · end of year $560,984

• 9 · Prepaid expenses and deferred charges

  beginning of year $132,970 · end of year $104,606

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

  $94,291,354

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

  $28,422,061

• 10c · Land, buildings and equipment, net

  beginning of year $64,852,845 · end of year $65,869,293

• 12 · Investments: other securities

  beginning of year $18,841,869 · end of year $19,000,651

• 17 · Accounts payable and accrued expenses

  beginning of year $3,866,840 · end of year $4,817,900

• 21 · Escrow or custodial account liability

  end of year $29,455

• 23 · Secured mortgages and notes payable

  beginning of year $31,626,570 · end of year $31,906,261

• 25 · Other liabilities

  beginning of year $4,715,712 · end of year $4,414,616

• 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 $3,588,385 · end of year $4,434,577

• 31 · Retained earnings, endowment or other funds

  beginning of year $43,329,255 · end of year $43,235,719

The filer's explanations (Part III)

PART I, LINE 3

THE BOARD OF DIRECTORS APPROVES ALL COMPENSATION OF OFFICERS.