Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SALES OF ELECTRICITY

  total $12,944,951 · related or exempt $12,944,951

• 2b · Program service revenue: GENERATION & TRANSMISSION CAPITAL

  total $111,027 · related or exempt $111,027

• 2c · Program service revenue: PATRONAGE CAPITAL CREDIT

  total $85,732 · related or exempt $85,732

• 2d · Program service revenue: MISC ELECTRIC REVENUE

  total $5,461 · related or exempt $5,461

• 3 · Investment income

  total $97,137 · excluded $97,137

• 7a · Gross sales of assets other than inventory

  other assets $27,510

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

  other assets $0

• 7c · Gain or loss

  other assets $27,510

• 7d · Net gain or loss

  total $27,510 · excluded $27,510

• 11a · Other revenue: OTHER INCOME

  total $241,261 · related or exempt $241,261

• 11e · Other revenue, total

  $241,261

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $842,913

• 5 · Compensation of officers, directors and key employees

  total $162,713

• 7 · Other salaries and wages

  total $14,604

• 8 · Pension plan contributions

  total $175,814

• 9 · Other employee benefits

  total $100,954

• 11b · Fees: legal

  total $15,561

• 11c · Fees: accounting

  total $19,625

• 11g · Fees: other

  total $26,316

• 13 · Office expenses

  total $19,012

• 19 · Conferences, conventions and meetings

  total $8,695

• 20 · Interest

  total $879,507

• 22 · Depreciation, depletion and amortization

  total $1,457,513

• 24a · Other expenses: COST OF POWER PURCHASED

  total $6,924,201

• 24b · Other expenses: DISTRIBUTION - MAINTENA

  total $1,140,934

• 24c · Other expenses: DISTRIBUTION - OPERATIO

  total $726,126

• 24d · Other expenses: CONSUMER SERVICES

  total $664,172

• 24e · All other expenses

  total $334,419

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $297,664 · end of year $351,366

• 2 · Savings and temporary cash investments

  beginning of year $2,447,538 · end of year $3,466,582

• 4 · Accounts receivable

  beginning of year $728,148 · end of year $1,042,993

• 8 · Inventories for sale or use

  beginning of year $265,667 · end of year $529,879

• 9 · Prepaid expenses and deferred charges

  beginning of year $33,638 · end of year $35,835

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

  $51,870,309

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

  $19,073,356

• 10c · Land, buildings and equipment, net

  beginning of year $31,043,819 · end of year $32,796,953

• 13 · Investments: program-related

  beginning of year $4,396,618 · end of year $4,332,958

• 15 · Other assets

  beginning of year $310,410 · end of year $529,695

• 17 · Accounts payable and accrued expenses

  beginning of year $940,286 · end of year $1,124,364

• 19 · Deferred revenue

  beginning of year $392,217 · end of year $361,592

• 23 · Secured mortgages and notes payable

  beginning of year $19,045,862 · end of year $21,812,438

• 25 · Other liabilities

  beginning of year $45,678 · end of year $40,057

• 29 · Capital stock, trust principal or current funds

  beginning of year $40,810 · end of year $40,520

• 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 $19,058,649 · end of year $19,707,290

The filer's explanations (Part III)

PART I, LINE 1A

DIRECTORS AND DIRECTOR SPOUSES ATTEND SUMMER AND WINTER CONFERENCES. DIRECTORS ARE REIMBURSED PER DIEM, MEALS AND MILEAGE.