Form 990 for tax year 2024

2a · Program service revenue: ELECTRIC SALES

total $31,567,385 · related or exempt $31,567,385

3 · Investment income

total $128,733 · excluded $128,733

7a · Gross sales of assets other than inventory

other assets $8,290

7b · Less cost or other basis and sales expenses

other assets $35

7c · Gain or loss

other assets $8,255

7d · Net gain or loss

total $8,255 · excluded $8,255

10a · Gross sales of inventory

$90,466

10b · Cost of goods sold

$79,651

10c · Net income from sales of inventory

total $10,815 · unrelated business $10,815

11a · Other revenue: CAPITAL CREDITS

total $880,490 · related or exempt $880,490

11e · Other revenue, total

$880,490

1 · Grants to domestic organizations and governments

total $13,166

4 · Benefits paid to or for members

total $1,612,324

5 · Compensation of officers, directors and key employees

total $1,018,457

20 · Interest

total $1,015,421

22 · Depreciation, depletion and amortization

total $2,457,426

24a · Other expenses: COST OF POWER

total $21,439,949

24b · Other expenses: DIST. EXP. - OPERATIONS

total $1,990,945

24c · Other expenses: DIST. EXP. - MAINTENANC

total $1,275,748

24d · Other expenses: CONSUMER ACCOUNT EXPENS

total $776,019

24e · All other expenses

total $996,223

1 · Cash, non-interest-bearing

beginning of year $500 · end of year $500

2 · Savings and temporary cash investments

beginning of year $5,694,688 · end of year $4,176,968

4 · Accounts receivable

beginning of year $1,935,720 · end of year $2,997,836

7 · Other notes and loans receivable

beginning of year $730,371 · end of year $3,130,019

8 · Inventories for sale or use

beginning of year $2,327,485 · end of year $1,634,529

9 · Prepaid expenses and deferred charges

beginning of year $402,808 · end of year $417,813

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

$85,877,936

10b · Land, buildings and equipment: accumulated depreciation

$37,235,444

10c · Land, buildings and equipment, net

beginning of year $48,219,217 · end of year $48,642,492

13 · Investments: program-related

beginning of year $14,184,773 · end of year $14,605,842

14 · Intangible assets

beginning of year $1,364 · end of year $1,364

15 · Other assets

beginning of year $5,121 · end of year $5,156

17 · Accounts payable and accrued expenses

beginning of year $4,437,433 · end of year $4,699,576

19 · Deferred revenue

beginning of year $7,200,000 · end of year $7,700,000

21 · Escrow or custodial account liability

beginning of year $809 · end of year $4,348

23 · Secured mortgages and notes payable

beginning of year $24,854,875 · end of year $26,197,139

25 · Other liabilities

beginning of year $1,065,681 · end of year $896,445

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 $35,943,249 · end of year $36,115,011