Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALE OF ELECTRICITY

  total $16,838,306 · related or exempt $16,838,306

• 2b · Program service revenue: CO-OP CAPITAL CREDITS

  total $835,797 · related or exempt $835,797

• 2c · Program service revenue: OTHER CAPITAL CREDITS

  total $72,403 · related or exempt $72,403

• 3 · Investment income

  total $144,444 · excluded $144,444

• 10a · Gross sales of inventory

  $132,182

• 10b · Cost of goods sold

  $171,341

• 10c · Net income from sales of inventory

  total -$39,159 · related or exempt -$39,159

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $1,446,951

• 5 · Compensation of officers, directors and key employees

  total $1,183,987

• 7 · Other salaries and wages

  total $703,928

• 8 · Pension plan contributions

  total $186,289

• 10 · Payroll taxes

  total $111,083

• 11b · Fees: legal

  total $14,760

• 11c · Fees: accounting

  total $25,034

• 12 · Advertising and promotion

  total $1,389

• 13 · Office expenses

  total $65,777

• 14 · Information technology

  total $109,869

• 16 · Occupancy

  total $2,630

• 17 · Travel

  total $42,692

• 20 · Interest

  total $1,079,700

• 22 · Depreciation, depletion and amortization

  total $1,676,290

• 24a · Other expenses: COST OF PURCHASED POWER

  total $10,864,142

• 24b · Other expenses: DISTRIBUTION EXP: OPERA

  total $343,889

• 24c · Other expenses: TAX EXPENSE - KWH

  total $268,777

• 24d · Other expenses: ADMINISTRATIVE & GENERA

  total $187,875

• 24e · All other expenses

  total -$463,271

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $3,378,334 · end of year $3,202,146

• 4 · Accounts receivable

  beginning of year $1,496,456 · end of year $1,579,229

• 8 · Inventories for sale or use

  beginning of year $1,939,164 · end of year $2,135,061

• 9 · Prepaid expenses and deferred charges

  beginning of year $5,961 · end of year $15,484

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

  $65,792,021

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

  $20,197,703

• 10c · Land, buildings and equipment, net

  beginning of year $44,400,070 · end of year $45,594,318

• 12 · Investments: other securities

  beginning of year $87,320 · end of year $93,629

• 13 · Investments: program-related

  beginning of year $10,294,490 · end of year $10,802,267

• 15 · Other assets

  beginning of year $77,247 · end of year $59,412

• 17 · Accounts payable and accrued expenses

  beginning of year $1,653,118 · end of year $1,867,613

• 23 · Secured mortgages and notes payable

  beginning of year $33,396,087 · end of year $33,847,043

• 24 · Unsecured notes and loans payable

  beginning of year $1,335,271 · end of year $2,020,472

• 25 · Other liabilities

  beginning of year $4,865,743 · end of year $4,389,479

• 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 $20,428,823 · end of year $21,356,939

The filer's explanations (Part III)

PART I, LINE 1A

THE COOPERATIVE HAS A WELLNESS PLAN WHICH OFFERS A COST SHARE BENEFIT OF WELLNESS CENTER DUES AND INITIATION FEES. THIS BENEFIT IS OFFERED TO ALL EMPLOYEES. EMPLOYEES ARE REIMBURSED FOR ANY INITIATION FEES IF A RECEIPT FROM THE WELLNESS CENTER IS PROVIDED. DUES ARE REIMBURSED VIA PAYROLL PROVIDED THE EMPLOYEES USE THE FACILITIES A PREDETERMINED NUMBER OF TIMES THROUGHOUT THE YEAR.

PART II, COLUMN (C):

THE AMOUNT REPORTED IN COLUMN (C) RETIREMENT AND OTHER DEFERRED COMPENSATION INCLUDES THE ACTUARIAL VALUE OF THE RETIREMENT PLAN, NOT THE AMOUNT PAID BY THE COOPERATIVE.