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Nonprofiteer
← TRI-STATE ELECTRIC MEMBERSHIP CORP

Form 990 for tax year 2022

Filed by TRI-STATE ELECTRIC MEMBERSHIP CORP.

Totals

Total revenue
$44,052,083
Total expenses
$43,175,796
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$43,223,543
Investment income
$124,164
Other revenue
$704,376
Total assets, end of year
$61,245,925
Total liabilities, end of year
$27,214,308
Net assets or fund balances, end of year
$34,031,617
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$43,175,796

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: ENERGY SALES

    total $43,143,043 · related or exempt $43,143,043

  • 2b · Program service revenue: SERVICE SALES

    total $80,500 · related or exempt $80,500

  • 3 · Investment income

    total $124,164 · excluded $124,164

  • 6a · Gross rents

    personal property $705,131

  • 6b · Less rental expenses

    personal property $0

  • 6c · Rental income or loss

    personal property $705,131

  • 6d · Net rental income or loss

    total $705,131 · excluded $705,131

  • 10a · Gross sales of inventory

    $17,149

  • 10b · Cost of goods sold

    $17,904

  • 10c · Net income from sales of inventory

    total -$755 · related or exempt -$755

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $193,412

  • 7 · Other salaries and wages

    total $4,147,795

  • 8 · Pension plan contributions

    total $251,994

  • 10 · Payroll taxes

    total $265,045

  • 11b · Fees: legal

    total $10,576

  • 11c · Fees: accounting

    total $39,742

  • 12 · Advertising and promotion

    total $114,700

  • 13 · Office expenses

    total $199,882

  • 19 · Conferences, conventions and meetings

    total $10,952

  • 20 · Interest

    total $746,386

  • 22 · Depreciation, depletion and amortization

    total $2,656,024

  • 23 · Insurance

    total $58,229

  • 24a · Other expenses: COST OF POWER

    total $28,763,815

  • 24b · Other expenses: DISTRIBUTION

    total $6,877,891

  • 24c · Other expenses: CUSTOMER ACCOUNTS

    total $1,188,872

  • 24d · Other expenses: MAINTENANCE

    total $222,410

  • 24e · All other expenses

    total -$2,571,929

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,882,511 · end of year $2,722,403

  • 4 · Accounts receivable

    beginning of year $1,625,039 · end of year $1,435,999

  • 7 · Other notes and loans receivable

    beginning of year $956,670 · end of year $1,122,202

  • 8 · Inventories for sale or use

    beginning of year $1,344,264 · end of year $2,040,792

  • 9 · Prepaid expenses and deferred charges

    beginning of year $717,330 · end of year $548,282

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

    $86,462,095

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

    $33,871,563

  • 10c · Land, buildings and equipment, net

    beginning of year $47,091,160 · end of year $52,590,532

  • 13 · Investments: program-related

    beginning of year $705,694 · end of year $761,055

  • 15 · Other assets

    beginning of year $55,555 · end of year $24,660

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,221,277 · end of year $4,101,843

  • 23 · Secured mortgages and notes payable

    beginning of year $19,911,260 · end of year $18,887,418

  • 25 · Other liabilities

    beginning of year $4,102,226 · end of year $4,225,047

  • 29 · Capital stock, trust principal or current funds

    beginning of year $79,120 · end of year $80,505

  • 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 $33,064,340 · end of year $33,951,112

Mission and programs · 2022

Mission

TO PROVIDE ELECTRIC ENERGY TO RURAL AREAS.

  • PROVIDE ELECTRIC ENERGY AND RELATED SERVICES TO RURAL AREAS. THE COOPERATIVE SERVICES 21,005 CUSTOMERS.

    Expenses $43,175,796 · Revenue $43,222,788

As filed on the 2022 return.

Listed in Part VII

  • Jerry Pack

    PRESIDENT

    Total calculated
    $28,390
    From this org
    $2,575
    From related orgs
    $0
    Other
    $25,815
    Hours/week
    10

  • Jesse Miller

    VICE PRESIDENT

    Total calculated
    $37,850
    From this org
    $2,275
    From related orgs
    $0
    Other
    $35,575
    Hours/week
    5

  • Houston Rogers

    SECRETARY/TREASURER

    Total calculated
    $16,891
    From this org
    $3,025
    From related orgs
    $0
    Other
    $13,866
    Hours/week
    4

  • Jim Quintrell

    DIRECTOR

    Total calculated
    $16,141
    From this org
    $2,275
    From related orgs
    $0
    Other
    $13,866
    Hours/week
    3

  • Bill Joe Postell

    DIRECTOR

    Total calculated
    $16,129
    From this org
    $2,275
    From related orgs
    $0
    Other
    $13,854
    Hours/week
    6

  • William Barker

    DIRECTOR

    Total calculated
    $16,141
    From this org
    $2,275
    From related orgs
    $0
    Other
    $13,866
    Hours/week
    5

  • Tom Stiles

    DIRECTOR

    Total calculated
    $16,123
    From this org
    $2,275
    From related orgs
    $0
    Other
    $13,848
    Hours/week
    3

  • Stacy Chastain

    GENERAL MANAGER

    Total calculated
    $260,876
    From this org
    $185,537
    From related orgs
    $0
    Other
    $75,339
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,537
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $75,339
    Filer's total
    $260,876

  • Chris Hulsey

    HUMAN RESOURCE MANAGER

    Total calculated
    $169,014
    From this org
    $112,668
    From related orgs
    $0
    Other
    $56,346
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $112,668
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $56,346
    Filer's total
    $169,014

  • Chuck Thomas

    OPERATIONS MANAGER

    Total calculated
    $180,009
    From this org
    $131,380
    From related orgs
    $0
    Other
    $48,629
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,380
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $48,629
    Filer's total
    $180,009

  • Lisa Hood

    HUMAN RESOURCE MANAGER

    Total calculated
    $149,291
    From this org
    $100,662
    From related orgs
    $0
    Other
    $48,629
    Hours/week
    40

  • Christy Setser

    FINANCE MANAGER

    Total calculated
    $166,484
    From this org
    $110,139
    From related orgs
    $0
    Other
    $56,345
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $110,139
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $56,345
    Filer's total
    $166,484

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
8 September 2023
IRS schema version
2022v5.0
Source object
202322849349301207

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