Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALES OF ELECTRICITY

  total $28,602,886 · related or exempt $28,602,886

• 2b · Program service revenue: PATRONAGE DIVIDENDS

  total $3,122,857 · related or exempt $3,122,857

• 3 · Investment income

  total $421,532 · excluded $421,532

• 6a · Gross rents

  personal property $12,000

• 6b · Less rental expenses

  personal property $0

• 6c · Rental income or loss

  personal property $12,000

• 6d · Net rental income or loss

  total $12,000 · related or exempt $12,000

• 7a · Gross sales of assets other than inventory

  other assets $100,937

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

  other assets $1,315,411

• 7c · Gain or loss

  other assets -$1,214,474

• 7d · Net gain or loss

  total -$1,214,474 · related or exempt -$1,214,474

• 10a · Gross sales of inventory

  $229,284

• 10b · Cost of goods sold

  $172,879

• 10c · Net income from sales of inventory

  total $56,405 · related or exempt $50,874 · unrelated business $5,531

• 11a · Other revenue: POLE ATTACHMENT INCOME

  total $19,410 · excluded $19,410

• 11e · Other revenue, total

  $19,410

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $14,871

• 4 · Benefits paid to or for members

  total $5,476,991

• 5 · Compensation of officers, directors and key employees

  total $550,682

• 7 · Other salaries and wages

  total $1,975,239

• 8 · Pension plan contributions

  total $298,828

• 9 · Other employee benefits

  total $577,939

• 10 · Payroll taxes

  total $145,011

• 20 · Interest

  total $1,166,415

• 22 · Depreciation, depletion and amortization

  total $2,597,118

• 24a · Other expenses: PURCHASED POWER

  total $14,227,064

• 24b · Other expenses: DISTRIBUTION EXPENSE

  total $1,933,379

• 24c · Other expenses: ADMIN & GENERAL EXPENSE

  total $1,206,402

• 24d · Other expenses: CUSTOMER ACCOUNTS

  total $457,275

• 24e · All other expenses

  total $162,402

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,161,545 · end of year $1,554,587

• 2 · Savings and temporary cash investments

  beginning of year $7,500,000 · end of year $7,085,900

• 4 · Accounts receivable

  beginning of year $2,796,318 · end of year $2,872,892

• 8 · Inventories for sale or use

  beginning of year $1,378,383 · end of year $887,914

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,175,150 · end of year $1,433,633

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

  $108,171,305

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

  $49,029,843

• 10c · Land, buildings and equipment, net

  beginning of year $52,385,206 · end of year $59,141,462

• 12 · Investments: other securities

  beginning of year $175 · end of year $175

• 13 · Investments: program-related

  beginning of year $18,095,702 · end of year $20,593,933

• 15 · Other assets

  beginning of year $887,007 · end of year $1,118,007

• 17 · Accounts payable and accrued expenses

  beginning of year $1,918,827 · end of year $2,167,935

• 23 · Secured mortgages and notes payable

  beginning of year $24,028,841 · end of year $25,496,675

• 25 · Other liabilities

  beginning of year $2,932,269 · end of year $5,355,635

• 29 · Capital stock, trust principal or current funds

  beginning of year $13,055 · end of year $13,190

• 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 $57,486,494 · end of year $61,655,068

The filer's explanations (Part III)

PART I, LINE 1A

PURSUANT TO APPLICABLE TRAVEL POLICIES, IT IS RECOGNIZED THAT IT IS THE BEST INTEREST OF THE COOPERATIVE FOR THE SPOUSE OF THE DIRECTOR OR EMPLOYEE TO ACCOMPANY SUCH DIRECTOR OR EMPLOYEE WHILE TRAVELING. ALL ACTUAL EXPENSES OF THE SPOUSE SHALL BE TREATED AS ORDINARY AND NECESSARY EXPENSES OF THE COOPERATIVE AND SHALL BE REIMBURSED OR CREDITED TO THE EMPLOYEE/DIRECTOR EXPENSE ADVANCE ACCOUNT UPON RECEIPT OF ACTUAL RECEIPTS OF EXPENSES AND DOCUMENTATION OF MINOR INCIDENTAL EXPENSES. NO INDIVIDUALS REPORTED ON FORM 990, PART VII RECEIVED THIS BENEFIT DURING THE YEAR.