Form 990 for tax year 2023

2a · Program service revenue: Sale of Electricity

total $13,404,904 · related or exempt $13,404,904

2b · Program service revenue: Miscellaneous Electric Sales

total $46,925 · related or exempt $46,925

3 · Investment income

total $381,007 · excluded $381,007

7a · Gross sales of assets other than inventory

other assets $32,000

7b · Less cost or other basis and sales expenses

other assets $37,220

7c · Gain or loss

other assets -$5,220

7d · Net gain or loss

total -$5,220 · excluded -$5,220

11a · Other revenue: Capital Credits

total $289,243 · related or exempt $289,243

11b · Other revenue: Other Revenue

total $12,399 · related or exempt $12,399

11e · Other revenue, total

$301,642

1 · Grants to domestic organizations and governments

total $14,428 · program services $14,428

4 · Benefits paid to or for members

total $174,898 · program services $174,898

5 · Compensation of officers, directors and key employees

total $305,153 · management and general $305,153

7 · Other salaries and wages

total $419,377 · program services $419,377

11b · Fees: legal

total $37,422 · program services $37,422

11c · Fees: accounting

total $22,400 · program services $22,400

13 · Office expenses

total $82,920 · program services $82,920

19 · Conferences, conventions and meetings

total $53,141 · program services $53,141

20 · Interest

total $575,452 · program services $575,452

22 · Depreciation, depletion and amortization

total $1,289,446 · program services $1,289,446

23 · Insurance

total $87,762 · program services $87,762

24a · Other expenses: Purchased Power

total $7,276,677 · program services $7,276,677

24b · Other expenses: Maintenance Expense

total $1,283,888 · program services $1,283,888

24c · Other expenses: Operations Expense

total $686,072 · program services $686,072

24d · Other expenses: Customer Accounts Expen

total $473,212 · program services $473,212

24e · All other expenses

total $312,889 · program services $312,889

1 · Cash, non-interest-bearing

beginning of year $1,750,513 · end of year $1,247,676

4 · Accounts receivable

beginning of year $722,579 · end of year $2,235,910

7 · Other notes and loans receivable

beginning of year $76,693

8 · Inventories for sale or use

beginning of year $506,951 · end of year $491,762

9 · Prepaid expenses and deferred charges

beginning of year $890,213 · end of year $415,702

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

$44,072,538

10b · Land, buildings and equipment: accumulated depreciation

$14,812,204

10c · Land, buildings and equipment, net

beginning of year $29,568,157 · end of year $29,260,334

13 · Investments: program-related

beginning of year $7,692,774 · end of year $8,012,095

17 · Accounts payable and accrued expenses

beginning of year $1,325,360 · end of year $1,329,636

19 · Deferred revenue

beginning of year $442,946 · end of year $457,462

24 · Unsecured notes and loans payable

beginning of year $13,948,577 · end of year $13,211,965

25 · Other liabilities

beginning of year $3,806,837 · end of year $4,030,475

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 $1,548,513 · end of year $1,464,173

31 · Retained earnings, endowment or other funds

beginning of year $20,135,647 · end of year $21,169,768