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Nonprofiteer
← TRI-STATE ELECTRIC MEMBERSHIP CORP

Form 990 for tax year 2025

Filed by TRI-STATE ELECTRIC MEMBERSHIP CORP.

Totals

Total revenue
$50,909,511
Total expenses
$48,466,924
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$49,809,140
Investment income
$262,409
Other revenue
$837,962
Total assets, end of year
$74,333,272
Total liabilities, end of year
$35,564,330
Net assets or fund balances, end of year
$38,768,942
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$48,466,924

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 $49,738,154 · related or exempt $49,738,154

  • 2b · Program service revenue: SERVICE SALES

    total $70,986 · related or exempt $70,986

  • 3 · Investment income

    total $262,409 · excluded $262,409

  • 6a · Gross rents

    personal property $837,419

  • 6b · Less rental expenses

    personal property $0

  • 6c · Rental income or loss

    personal property $837,419

  • 6d · Net rental income or loss

    total $837,419 · excluded $837,419

  • 10a · Gross sales of inventory

    $6,041

  • 10b · Cost of goods sold

    $5,498

  • 10c · Net income from sales of inventory

    total $543 · related or exempt $543

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $972,982

  • 7 · Other salaries and wages

    total $4,052,672

  • 8 · Pension plan contributions

    total $305,849

  • 10 · Payroll taxes

    total $300,124

  • 11b · Fees: legal

    total $12,925

  • 11c · Fees: accounting

    total $47,551

  • 12 · Advertising and promotion

    total $120,190

  • 13 · Office expenses

    total $249,691

  • 19 · Conferences, conventions and meetings

    total $14,891

  • 20 · Interest

    total $1,253,646

  • 22 · Depreciation, depletion and amortization

    total $2,575,285

  • 23 · Insurance

    total $74,867

  • 24a · Other expenses: COST OF POWER

    total $31,850,833

  • 24b · Other expenses: DISTRIBUTION

    total $7,874,434

  • 24c · Other expenses: CUSTOMER ACCOUNTS

    total $1,451,175

  • 24d · Other expenses: OUTSIDE SERVICES

    total $288,503

  • 24e · All other expenses

    total -$2,978,694

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,613,362 · end of year $7,389,421

  • 4 · Accounts receivable

    beginning of year $2,160,148 · end of year $2,232,491

  • 7 · Other notes and loans receivable

    beginning of year $1,297,596 · end of year $1,372,761

  • 8 · Inventories for sale or use

    beginning of year $2,169,699 · end of year $1,937,423

  • 9 · Prepaid expenses and deferred charges

    beginning of year $338,302 · end of year $293,963

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

    $97,982,912

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

    $37,843,354

  • 10c · Land, buildings and equipment, net

    beginning of year $59,054,194 · end of year $60,139,558

  • 13 · Investments: program-related

    beginning of year $927,665 · end of year $967,655

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,454,774 · end of year $4,849,347

  • 23 · Secured mortgages and notes payable

    beginning of year $26,577,452 · end of year $25,371,122

  • 25 · Other liabilities

    beginning of year $4,470,405 · end of year $5,343,861

  • 29 · Capital stock, trust principal or current funds

    beginning of year $83,460 · end of year $84,980

  • 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 $36,974,875 · end of year $38,683,962

Mission and programs · 2025

Mission

TO PROVIDE ELECTRIC ENERGY TO RURAL AREAS.

  • PROVIDE ELECTRIC ENERGY AND RELATED SERVICES TO RURAL AREAS. THE COOPERATIVE SERVICES 22,233 CUSTOMERS.

    Expenses $48,466,924 · Revenue $49,809,683

As filed on the 2025 return.

Listed in Part VII

  • Jerry Pack

    PRESIDENT

    Total calculated
    $31,270
    From this org
    $2,575
    From related orgs
    $0
    Other
    $28,695
    Hours/week
    10

  • Jesse Miller

    VICE PRESIDENT

    Total calculated
    $42,001
    From this org
    $2,275
    From related orgs
    $0
    Other
    $39,726
    Hours/week
    5

  • Jim Quintrell

    SECRETARY/TREASURER

    Total calculated
    $17,522
    From this org
    $2,275
    From related orgs
    $0
    Other
    $15,247
    Hours/week
    5

  • Bill Joe Postell

    DIRECTOR

    Total calculated
    $17,511
    From this org
    $2,275
    From related orgs
    $0
    Other
    $15,236
    Hours/week
    5

  • William Barker

    DIRECTOR

    Total calculated
    $17,522
    From this org
    $2,275
    From related orgs
    $0
    Other
    $15,247
    Hours/week
    5

  • Lisa Fields

    DIRECTOR

    Total calculated
    $17,522
    From this org
    $2,275
    From related orgs
    $0
    Other
    $15,247
    Hours/week
    5

  • Daniel McNabb

    DIRECTOR

    Total calculated
    $17,490
    From this org
    $2,275
    From related orgs
    $0
    Other
    $15,215
    Hours/week
    5

  • Stacy Chastain

    GENERAL MANAGER

    Total calculated
    $296,996
    From this org
    $202,325
    From related orgs
    $0
    Other
    $94,671
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,325
    Bonus
    $0
    Other
    $0
    Deferred
    $50,915
    Nontaxable benefits
    $43,756
    Filer's total
    $296,996

  • Charles Thomas

    OPERATIONS MANAGER

    Total calculated
    $222,455
    From this org
    $155,269
    From related orgs
    $0
    Other
    $67,186
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,269
    Bonus
    $0
    Other
    $0
    Deferred
    $32,150
    Nontaxable benefits
    $35,036
    Filer's total
    $222,455

  • Michael Pack

    SUBSTATION TECHNICIAN

    Total calculated
    $211,767
    From this org
    $156,924
    From related orgs
    $0
    Other
    $54,843
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,924
    Bonus
    $0
    Other
    $0
    Deferred
    $26,772
    Nontaxable benefits
    $28,071
    Filer's total
    $211,767

  • Darrell Moore

    LINE FOREMAN

    Total calculated
    $213,117
    From this org
    $150,119
    From related orgs
    $0
    Other
    $62,998
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,119
    Bonus
    $0
    Other
    $0
    Deferred
    $26,772
    Nontaxable benefits
    $36,226
    Filer's total
    $213,117

  • Rodney Patterson

    LINE FOREMAN

    Total calculated
    $219,395
    From this org
    $149,947
    From related orgs
    $0
    Other
    $69,448
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,947
    Bonus
    $0
    Other
    $0
    Deferred
    $26,772
    Nontaxable benefits
    $42,676
    Filer's total
    $219,395

  • Tyler Watkins

    LINE TECHNICIAN

    Total calculated
    $201,369
    From this org
    $142,173
    From related orgs
    $0
    Other
    $59,196
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,173
    Bonus
    $0
    Other
    $0
    Deferred
    $22,664
    Nontaxable benefits
    $36,532
    Filer's total
    $201,369

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
2025
Filed
14 September 2026
IRS schema version
2025v4.2
Source object
202632579349300418

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