Form 990 for tax year 2023

2a · Program service revenue: SALE OF UTILITY SERVICE TO MEMBER

total $16,479,331 · related or exempt $16,479,331

3 · Investment income

total $63,954 · excluded $63,954

11a · Other revenue: OTHER NON-OPERATING INCOME

total $181,729 · related or exempt $181,729

11b · Other revenue: CAPITAL CREDITS

total $86,730 · related or exempt $86,730

11e · Other revenue, total

$268,459

4 · Benefits paid to or for members

total $1,154,697 · program services $1,154,697

5 · Compensation of officers, directors and key employees

total $360,505 · management and general $360,505

7 · Other salaries and wages

total $349,677 · management and general $349,677

9 · Other employee benefits

total $285,286 · management and general $285,286

12 · Advertising and promotion

total $13,813 · program services $13,813

13 · Office expenses

total $227,963 · management and general $227,963

20 · Interest

total $784,039 · program services $784,039

22 · Depreciation, depletion and amortization

total $1,980,080 · program services $1,980,080

23 · Insurance

total $126,978 · management and general $126,978

24a · Other expenses: COST OF POWER

total $5,812,766 · program services $5,812,766

24b · Other expenses: DISTRIBUTION EXPENSE

total $3,159,891 · program services $3,159,891

24c · Other expenses: CONSUMER ACCOUNTS

total $814,057 · program services $814,057

24d · Other expenses: TAXES

total $670,233 · program services $670,233

24e · All other expenses

total $1,071,759 · program services $23,791 · management and general $1,047,968

1 · Cash, non-interest-bearing

beginning of year $1,651,520 · end of year $2,115,830

4 · Accounts receivable

beginning of year $1,528,899 · end of year $1,335,965

8 · Inventories for sale or use

beginning of year $696,911 · end of year $897,872

9 · Prepaid expenses and deferred charges

beginning of year $97,110 · end of year $63,848

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

$73,415,056

10b · Land, buildings and equipment: accumulated depreciation

$37,710,558

10c · Land, buildings and equipment, net

beginning of year $35,285,825 · end of year $35,704,498

12 · Investments: other securities

beginning of year $1,846,528 · end of year $1,849,385

15 · Other assets

beginning of year $28,423 · end of year $2,467

17 · Accounts payable and accrued expenses

beginning of year $2,004,113 · end of year $1,955,277

23 · Secured mortgages and notes payable

beginning of year $19,087,536 · end of year $19,722,933

25 · Other liabilities

beginning of year $2,042,202 · end of year $2,065,118

29 · Capital stock, trust principal or current funds

beginning of year $18,001,365 · end of year $18,226,537

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 $0 · end of year $0