Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: ELECTRIC SALES

  total $15,555,907 · related or exempt $15,555,907

• 2b · Program service revenue: CAPITAL CREDITS

  total $639,591 · related or exempt $639,591

• 3 · Investment income

  total $366,130 · excluded $366,130

• 7a · Gross sales of assets other than inventory

  other assets $15,388

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

  other assets $0

• 7c · Gain or loss

  other assets $15,388

• 7d · Net gain or loss

  total $15,388 · excluded $15,388

• 10a · Gross sales of inventory

  $27,400

• 10b · Cost of goods sold

  $25,613

• 10c · Net income from sales of inventory

  total $1,787 · related or exempt $1,787

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $1,045,721

• 5 · Compensation of officers, directors and key employees

  total $358,832

• 7 · Other salaries and wages

  total $431,784

• 8 · Pension plan contributions

  total $6,409

• 9 · Other employee benefits

  total $63,197

• 10 · Payroll taxes

  total $59,093

• 11g · Fees: other

  total $55,526

• 12 · Advertising and promotion

  total $82,876

• 13 · Office expenses

  total $213,054

• 17 · Travel

  total $47,417

• 19 · Conferences, conventions and meetings

  total $30,908

• 20 · Interest

  total $909,589

• 22 · Depreciation, depletion and amortization

  total $1,805,564

• 24a · Other expenses: PURCHASED POWER

  total $8,323,933

• 24b · Other expenses: DISTRIBUTION - OPERATIO

  total $1,612,715

• 24c · Other expenses: DISTRIBUTION - MAINTENA

  total $519,235

• 24d · Other expenses: CUSTOMER ACCOUNTS

  total $514,747

• 24e · All other expenses

  total $498,203

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $517,253 · end of year $495,239

• 2 · Savings and temporary cash investments

  beginning of year $5,837,307 · end of year $6,831,777

• 4 · Accounts receivable

  beginning of year $1,129,916 · end of year $1,509,783

• 8 · Inventories for sale or use

  beginning of year $1,192,786 · end of year $1,089,846

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

  $63,200,115

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

  $26,826,846

• 10c · Land, buildings and equipment, net

  beginning of year $34,333,128 · end of year $36,373,269

• 13 · Investments: program-related

  beginning of year $8,844,267 · end of year $9,043,766

• 15 · Other assets

  beginning of year $269,281 · end of year $207,156

• 17 · Accounts payable and accrued expenses

  beginning of year $993,082 · end of year $1,900,685

• 24 · Unsecured notes and loans payable

  beginning of year $29,099,230 · end of year $31,072,642

• 25 · Other liabilities

  beginning of year $3,426,647 · end of year $3,781,376

• 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 $18,604,979 · end of year $18,796,133

The filer's explanations (Part III)

SCHEDULE J, PART II, COLUMN C

INCLUDED IN THE AMOUNT REPORTED IN COLUMN C FOR THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN ARE AS FOLLOWS: - TIMOTHY GRABLANDER $60,221 - MARK IYOTTE $26,783 - CHRISTOPHER RAHN $25,423 - DAVID PIPER $19,861 - KOLBY KROGMAN $21,411 - ROCKY WIEDMAN $27,366 ACTUAL COOPERATIVE CONTRIBUTIONS TO THE DEFINED BENEFIT PLAN ARE AS FOLLOWS: - TIMOTHY GRABLANDER $41,720 - MARK IYOTTE $26,518 - CHRISTOPHER RAHN $25,717 - DAVID PIPER $22,510 - KOLBY KROGMAN $22,510 - ROCKY WIEDMAN $20,760