Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: Energy Sales

  total $65,216,745 · related or exempt $65,216,745

• 3 · Investment income

  total $863,562 · related or exempt $680,906 · excluded $182,656

• 6a · Gross rents

  real property $229,442

• 6c · Rental income or loss

  real property $229,442

• 6d · Net rental income or loss

  total $229,442 · related or exempt $229,442

• 7a · Gross sales of assets other than inventory

  securities $57,147

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

  securities $53,719

• 7c · Gain or loss

  securities $3,428

• 7d · Net gain or loss

  total $3,428 · related or exempt $3,428

• 8c · Net income from fundraising events

  total $0

• 10a · Gross sales of inventory

  $386

• 10b · Cost of goods sold

  $385

• 10c · Net income from sales of inventory

  total $1 · related or exempt $1

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $4,639,868 · program services $4,639,868

• 5 · Compensation of officers, directors and key employees

  total $748,950 · program services $748,950

• 7 · Other salaries and wages

  total $3,374,180 · program services $3,374,180

• 8 · Pension plan contributions

  total $619,878 · program services $619,878

• 9 · Other employee benefits

  total $685,332 · program services $685,332

• 10 · Payroll taxes

  total $354,918 · program services $354,918

• 11b · Fees: legal

  total $75,791 · program services $75,791

• 11c · Fees: accounting

  total $24,000 · program services $24,000

• 12 · Advertising and promotion

  total $87,976 · program services $87,976

• 13 · Office expenses

  total $310,048 · program services $310,048

• 14 · Information technology

  total $266,986 · program services $266,986

• 16 · Occupancy

  total $120,574 · program services $120,574

• 17 · Travel

  total $51,675 · program services $51,675

• 19 · Conferences, conventions and meetings

  total $111,962 · program services $111,962

• 20 · Interest

  total $2,646,316 · program services $2,646,316

• 22 · Depreciation, depletion and amortization

  total $5,646,905 · program services $5,646,905

• 23 · Insurance

  total $179,116 · program services $179,116

• 24a · Other expenses: Purchased Energy-Wholesal

  total $40,937,549 · program services $40,937,549

• 24b · Other expenses: Property Taxes

  total $517,417 · program services $517,417

• 24c · Other expenses: Tree Trimming

  total $1,572,054 · program services $1,572,054

• 24d · Other expenses: Distribution Ops Line Exp

  total $2,032,821 · program services $2,032,821

• 24e · All other expenses

  total $1,308,862 · program services $1,308,862

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $271,979 · end of year $151,466

• 2 · Savings and temporary cash investments

  beginning of year $1,651,594 · end of year $235,133

• 4 · Accounts receivable

  beginning of year $4,180,929 · end of year $5,255,940

• 8 · Inventories for sale or use

  beginning of year $2,109,298 · end of year $2,163,158

• 9 · Prepaid expenses and deferred charges

  beginning of year $514,584 · end of year $507,230

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

  $176,496,242

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

  $63,949,508

• 10c · Land, buildings and equipment, net

  beginning of year $110,422,800 · end of year $112,546,734

• 13 · Investments: program-related

  beginning of year $8,202,470 · end of year $8,436,829

• 15 · Other assets

  beginning of year $2,204,067 · end of year $2,248,256

• 17 · Accounts payable and accrued expenses

  beginning of year $10,853,320 · end of year $12,110,965

• 23 · Secured mortgages and notes payable

  beginning of year $58,375,127 · end of year $57,358,966

• 25 · Other liabilities

  beginning of year $5,354,935 · end of year $4,146,433

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $53,225,188 · end of year $56,144,094

• 31 · Retained earnings, endowment or other funds

  beginning of year $1,749,151 · end of year $1,784,288

The filer's explanations (Part III)

Part II

Col D includes an Execu-

Part II

benefit restoration def-

Part II

erred ompensation plan

Part II

for select employees.

Part II

No payments made out of

Part II

the plan in 2024.

Part II

Actuarial expense was

Part II

recorded of $66,661 in

Part II

2024.