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Nonprofiteer
← TRI-COUNTY RURAL ELECTRIC COOPERATIVE INC

Form 990 for tax year 2024

Filed by TRI-COUNTY RURAL ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$45,714,259
Total expenses
$45,981,110
Contributions and grants received
$1,183,410
Grants paid
$0
Program service revenue
$43,687,892
Investment income
$176,108
Other revenue
$666,849
Total assets, end of year
$212,021,036
Total liabilities, end of year
$157,126,397
Net assets or fund balances, end of year
$54,894,639
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

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.

  • 1e · Government grants (contributions)

    $1,183,410

  • 2a · Program service revenue: SALES OF ELECTRIC ENERGY

    total $42,247,692 · related or exempt $42,247,692

  • 2b · Program service revenue: G&T CAPITAL CREDITS

    total $1,440,200 · related or exempt $1,440,200

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $109,748 · excluded $109,748

  • 6a · Gross rents

    personal property $562,814

  • 6c · Rental income or loss

    real property $0 · personal property $562,814

  • 6d · Net rental income or loss

    total $562,814 · excluded $562,814

  • 7a · Gross sales of assets other than inventory

    other assets $3,717,185

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

    other assets $3,650,825

  • 7c · Gain or loss

    securities $0 · other assets $66,360

  • 7d · Net gain or loss

    total $66,360 · excluded $66,360

  • 8c · Net income from fundraising events

    total $0

  • 10a · Gross sales of inventory

    $24,239

  • 10b · Cost of goods sold

    $7,572

  • 10c · Net income from sales of inventory

    total $16,667 · excluded $16,667

  • 11a · Other revenue: PA GROSS RECEIPTS RECOVERY SURCHARGE

    total $66,555 · excluded $66,555

  • 11b · Other revenue: CIRCUIT REVENUE

    total $18,157 · excluded $18,157

  • 11c · Other revenue: MISCELLANEOUS INCOME

    total $2,656 · excluded $2,656

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $87,368

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $1,057,516

  • 5 · Compensation of officers, directors and key employees

    total $1,137,088

  • 11b · Fees: legal

    total $15,685

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $362,756

  • 20 · Interest

    total $6,237,694

  • 22 · Depreciation, depletion and amortization

    total $6,616,990

  • 24a · Other expenses: COST OF ELECTRIC POWER

    total $15,414,376

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $9,376,961

  • 24c · Other expenses: ADMINISTRATIVE & GENERAL

    total $4,151,488

  • 24d · Other expenses: CONSUMER ACCOUNTS

    total $764,302

  • 24e · All other expenses

    total $846,254

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $570,931 · end of year $720,749

  • 2 · Savings and temporary cash investments

    beginning of year $907,095 · end of year $1,042,526

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $5,613,510 · end of year $5,237,283

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $2,466,278 · end of year $2,481,441

  • 9 · Prepaid expenses and deferred charges

    beginning of year $492,085 · end of year $162,588

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

    $218,237,730

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

    $49,216,187

  • 10c · Land, buildings and equipment, net

    beginning of year $155,155,331 · end of year $169,021,543

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $31,142,152 · end of year $32,644,163

  • 14 · Intangible assets

    beginning of year $87,384 · end of year $71,001

  • 15 · Other assets

    beginning of year $749,231 · end of year $639,742

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,320,534 · end of year $5,417,000

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $6,235,027 · end of year $9,383,063

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $128,626,681 · end of year $138,868,805

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,923,003 · end of year $3,457,529

  • 27 · Net assets without donor restrictions

    beginning of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $0

  • 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 $54,078,752 · end of year $54,894,639

Mission and programs · 2024

Mission

PROVISION OF ELECTRICITY, ON A COOPERATIVE BASIS, TO MEMBERS IN RURAL PENNSYLVANIA.

  • PROVISION OF ELECTRICITY, ON A COOPERATIVE BASIS, TO MEMBERS IN RURAL PENNSYLVANIA.

As filed on the 2024 return.

Listed in Part VII

  • Gerald Kriner

    CHAIRMAN

    Total calculated
    $24,500
    From this org
    $24,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Lowell Geiser

    Secretary/Treasurer

    Total calculated
    $24,000
    From this org
    $24,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Valery Robbins

    Vice Chairman

    Total calculated
    $18,250
    From this org
    $18,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Alfred Calkins

    PREA Director

    Total calculated
    $14,500
    From this org
    $14,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • James Davis

    Director

    Total calculated
    $17,000
    From this org
    $17,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Janet Teeter

    Director

    Total calculated
    $16,000
    From this org
    $16,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jerome Sasala

    Director

    Total calculated
    $21,500
    From this org
    $21,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Matthew Whiting

    Allegheny Director

    Total calculated
    $18,000
    From this org
    $18,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Michael Filer

    Director

    Total calculated
    $26,500
    From this org
    $26,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Aaron Young

    Co-CEO, Tri-County REC

    Total calculated
    $273,617
    From this org
    $188,669
    From related orgs
    $0
    Other
    $84,948
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,553
    Bonus
    $5,340
    Other
    $2,776
    Deferred
    $53,926
    Nontaxable benefits
    $31,022
    Filer's total
    $273,617

  • Eric McRoberts

    Director of Operations

    Total calculated
    $214,792
    From this org
    $143,790
    From related orgs
    $0
    Other
    $71,002
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,604
    Bonus
    $5,372
    Other
    $5,814
    Deferred
    $39,690
    Nontaxable benefits
    $31,312
    Filer's total
    $214,792

  • Jennifer Pellett

    Director of Financial Services

    Total calculated
    $194,352
    From this org
    $128,230
    From related orgs
    $0
    Other
    $66,122
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,642
    Bonus
    $4,372
    Other
    $216
    Deferred
    $37,029
    Nontaxable benefits
    $29,093
    Filer's total
    $194,352

  • Rachel Hauser

    Co-CEO, Tri-County REC

    Total calculated
    $274,077
    From this org
    $191,033
    From related orgs
    $0
    Other
    $83,044
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,553
    Bonus
    $5,340
    Other
    $5,140
    Deferred
    $53,926
    Nontaxable benefits
    $29,118
    Filer's total
    $274,077

  • Devin Geiser

    Chief Lineman

    Total calculated
    $217,314
    From this org
    $158,553
    From related orgs
    $0
    Other
    $58,761
    Hours/week
    52

    Schedule J breakdown matched by us

    Base
    $158,028
    Bonus
    $372
    Other
    $153
    Deferred
    $26,723
    Nontaxable benefits
    $32,038
    Filer's total
    $217,314

  • Jacob Drake

    Journeyman Lineman

    Total calculated
    $200,588
    From this org
    $143,681
    From related orgs
    $0
    Other
    $56,907
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $143,170
    Bonus
    $372
    Other
    $139
    Deferred
    $24,996
    Nontaxable benefits
    $31,911
    Filer's total
    $200,588

  • James Succowich

    Chief Lineman

    Total calculated
    $206,041
    From this org
    $150,030
    From related orgs
    $0
    Other
    $56,011
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $149,218
    Bonus
    $372
    Other
    $440
    Deferred
    $26,723
    Nontaxable benefits
    $29,288
    Filer's total
    $206,041

  • Justin Earle

    Chief Lineman

    Total calculated
    $199,637
    From this org
    $143,082
    From related orgs
    $0
    Other
    $56,555
    Hours/week
    49.7

    Schedule J breakdown matched by us

    Base
    $142,538
    Bonus
    $372
    Other
    $172
    Deferred
    $26,723
    Nontaxable benefits
    $29,832
    Filer's total
    $199,637

  • Thomas Seymour

    Journeyman Lineman

    Total calculated
    $192,384
    From this org
    $140,673
    From related orgs
    $0
    Other
    $51,711
    Hours/week
    49

    Schedule J breakdown matched by us

    Base
    $140,161
    Bonus
    $372
    Other
    $140
    Deferred
    $24,996
    Nontaxable benefits
    $26,715
    Filer's total
    $192,384

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 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Approval by the board or 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • TRI-CO CONNECTIONS

    BROADBAND · PA · income $8,186,660 · assets $6,999,022

    Directly controlled by TRI-CO COOP

Provenance

Return type
form_990
Tax year
2024
Filed
27 October 2025
IRS schema version
2024v5.1
Source object
202513009349301956

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