Skip to content
Nonprofiteer
← TRI-COUNTY ELECTRIC COOPERATIVE ASSOCIATION INCORPORATED

Form 990 for tax year 2023

Filed by TRI-COUNTY ELECTRIC COOPERATIVE ASSOCIATION INCORPORATED.

Totals

Total revenue
$15,288,600
Total expenses
$15,079,302
Contributions and grants received
$0
Grants paid
$17,825
Program service revenue
$15,259,139
Investment income
$29,461
Other revenue
$0
Total assets, end of year
$44,814,405
Total liabilities, end of year
$25,339,182
Net assets or fund balances, end of year
$19,475,223
Program services expenses (Part IX)
$15,079,302
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$15,079,302

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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: Electric energy

    total $14,258,834 · related or exempt $14,258,834

  • 2b · Program service revenue: Capital Credits

    total $711,468 · related or exempt $711,468

  • 2c · Program service revenue: Other Non-Operating

    total $189,091 · related or exempt $189,091

  • 2d · Program service revenue: Other electric

    total $99,746 · related or exempt $99,746

  • 3 · Investment income

    total $29,461 · related or exempt $29,461

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $17,825 · program services $17,825

  • 4 · Benefits paid to or for members

    total $620,256 · program services $620,256

  • 5 · Compensation of officers, directors and key employees

    total $469,705 · program services $469,705

  • 20 · Interest

    total $1,100,958 · program services $1,100,958

  • 22 · Depreciation, depletion and amortization

    total $1,529,555 · program services $1,529,555

  • 24a · Other expenses: Purchased Power

    total $6,356,510 · program services $6,356,510

  • 24b · Other expenses: Distribution

    total $1,456,865 · program services $1,456,865

  • 24c · Other expenses: Administrative & Genera

    total $1,395,470 · program services $1,395,470

  • 24d · Other expenses: Maintenance

    total $1,362,597 · program services $1,362,597

  • 24e · All other expenses

    total $769,561 · program services $769,561

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $367,024 · end of year $543,797

  • 2 · Savings and temporary cash investments

    beginning of year $5,066 · end of year $11,122

  • 4 · Accounts receivable

    beginning of year $1,371,208 · end of year $1,203,706

  • 8 · Inventories for sale or use

    beginning of year $1,285,415 · end of year $1,328,075

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,334,905 · end of year $1,235,429

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

    $47,032,259

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

    $13,304,505

  • 10c · Land, buildings and equipment, net

    beginning of year $33,605,266 · end of year $33,727,754

  • 13 · Investments: program-related

    beginning of year $6,416,546 · end of year $6,764,522

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,315,301 · end of year $1,348,948

  • 19 · Deferred revenue

    beginning of year $115,039 · end of year $20,084

  • 23 · Secured mortgages and notes payable

    beginning of year $23,366,157 · end of year $23,641,527

  • 25 · Other liabilities

    beginning of year $323,228 · end of year $328,623

  • 29 · Capital stock, trust principal or current funds

    beginning of year $24,730 · end of year $24,950

  • 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 $19,240,975 · end of year $19,450,273

Mission and programs · 2023

Mission

To enhance the quality of life of member-owners by promoting a positive economic, political, social and regulatory environment

  • Provide electric service to member-owners of the cooperative

    Expenses $15,079,302 · Grants $17,825 · Revenue $15,288,600

As filed on the 2023 return.

Listed in Part VII

  • Michael Scheib

    General Manager

    Total calculated
    $239,069
    From this org
    $171,861
    From related orgs
    $0
    Other
    $67,208
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $171,498
    Bonus
    $0
    Other
    $363
    Deferred
    $43,974
    Nontaxable benefits
    $23,234
    Filer's total
    $239,069

  • Larry Weaver

    Line Superintendent

    Total calculated
    $169,229
    From this org
    $109,348
    From related orgs
    $0
    Other
    $59,881
    Hours/week
    47

    Schedule J breakdown matched by us

    Base
    $106,795
    Bonus
    $0
    Other
    $2,553
    Deferred
    $36,487
    Nontaxable benefits
    $23,394
    Filer's total
    $169,229

  • Bodie Western

    Journeyman Lineman

    Total calculated
    $144,715
    From this org
    $108,456
    From related orgs
    $0
    Other
    $36,259
    Hours/week
    45

  • Denton Jones

    Journeyman Lineman

    Total calculated
    $120,328
    From this org
    $105,158
    From related orgs
    $0
    Other
    $15,170
    Hours/week
    50

  • Ryan Bushnell

    Lead Lineman

    Total calculated
    $128,420
    From this org
    $105,012
    From related orgs
    $0
    Other
    $23,408
    Hours/week
    50

  • Doug Byrn

    Lead Lineman

    Total calculated
    $159,662
    From this org
    $104,984
    From related orgs
    $0
    Other
    $54,678
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $104,287
    Bonus
    $0
    Other
    $697
    Deferred
    $31,818
    Nontaxable benefits
    $22,860
    Filer's total
    $159,662

  • Carla Mihalovich

    Mgr of Finance & Accountin

    Total calculated
    $152,967
    From this org
    $99,624
    From related orgs
    $0
    Other
    $53,343
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $99,211
    Bonus
    $0
    Other
    $413
    Deferred
    $30,530
    Nontaxable benefits
    $22,813
    Filer's total
    $152,967

  • Joseph Sebolt

    Director

    Total calculated
    $10,119
    From this org
    $10,119
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • Kelley Church

    Secretary

    Total calculated
    $8,729
    From this org
    $8,729
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Mark VanDolah

    Director

    Total calculated
    $8,460
    From this org
    $8,460
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Kenny McNamar

    Director

    Total calculated
    $7,729
    From this org
    $7,729
    From related orgs
    $0
    Other
    $0
    Hours/week
    3

  • William Triplett

    Treasurer

    Total calculated
    $7,479
    From this org
    $7,479
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Rusty Anders

    Director

    Total calculated
    $6,979
    From this org
    $6,979
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Doug Aylward

    Director

    Total calculated
    $6,479
    From this org
    $6,479
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Rex Winn

    Vice-President

    Total calculated
    $4,391
    From this org
    $4,391
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Harley Harrelson

    Vice-President

    Total calculated
    $3,873
    From this org
    $3,873
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • David Pulliam

    Director

    Total calculated
    $3,871
    From this org
    $3,871
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 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

Provenance

Return type
form_990
Tax year
2023
Filed
16 October 2024
IRS schema version
2023v5.1
Source object
202432999349300908

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.