Form 990 for tax year 2024

2a · Program service revenue: SALE OF ELECTRICITY

total $140,920,730 · related or exempt $140,920,730

2b · Program service revenue: ELECTRIC SYSTEM ACCESS REVENUE

total $8,681,313 · excluded $8,681,313

2c · Program service revenue: POLE RENTAL

total $1,057,200 · excluded $1,057,200

3 · Investment income

total $254,909 · excluded $254,909

5 · Royalties

total $745,093 · related or exempt $745,093

7a · Gross sales of assets other than inventory

other assets $342,158

7b · Less cost or other basis and sales expenses

other assets $54,294

7c · Gain or loss

other assets $287,864

7d · Net gain or loss

total $287,864 · related or exempt $287,864

11a · Other revenue: CAPITAL CREDIT ALLOCATIONS

total $4,164,346 · excluded $4,164,346

11b · Other revenue: OTHER

total $26,237 · related or exempt $26,237

11e · Other revenue, total

$4,190,583

4 · Benefits paid to or for members

total $18,986,228

5 · Compensation of officers, directors and key employees

total $2,479,246

20 · Interest

total $11,799,230

22 · Depreciation, depletion and amortization

total $12,280,209

24a · Other expenses: COST OF PURCHASED POWER

total $82,346,127

24b · Other expenses: DISTR EXP - MAINTENANCE

total $12,469,585

24c · Other expenses: DISTR EXP - OPERATIONS

total $6,641,588

24d · Other expenses: CONSUMER ACCOUNTS EXPEN

total $5,526,270

24e · All other expenses

total $3,609,209

2 · Savings and temporary cash investments

beginning of year $9,423,618 · end of year $8,396,220

4 · Accounts receivable

beginning of year $5,946,744 · end of year $7,958,445

8 · Inventories for sale or use

beginning of year $13,254,079 · end of year $13,501,108

9 · Prepaid expenses and deferred charges

beginning of year $2,467,262 · end of year $114,344,462

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

$401,824,259

10b · Land, buildings and equipment: accumulated depreciation

$61,143,035

10c · Land, buildings and equipment, net

beginning of year $300,735,999 · end of year $340,681,224

13 · Investments: program-related

beginning of year $49,503,330 · end of year $53,076,096

15 · Other assets

beginning of year $9,025,782 · end of year $11,029,844

17 · Accounts payable and accrued expenses

beginning of year $15,786,040 · end of year $77,874,012

23 · Secured mortgages and notes payable

beginning of year $216,983,110 · end of year $293,068,095

25 · Other liabilities

beginning of year $22,340,451 · end of year $24,595,574

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 $135,247,213 · end of year $153,449,718