2024-12-24T08:57:48-05:00 2024-06-30 620808829 WINNETT ASSOCIATES PLLC PO BOX 745 SHELBYVILLE TN 371620745 990 2023-07-01 620186725 DUCK RIVER ELECTRIC MEMBERSHIP CORP DUCK 9316844621 PO BOX 89 SHELBYVILLE TN 37162 MICHELLE HERRMAN VICE PRESIDENT / CFO 9316844621 2024-11-18 true true PATRICK R LILE P01067422 9316847142 2024-12-23 X 2023 2024-10-15 13:58:12Z JAMES WRIGHT PO BOX 89 SHELBYVILLE TN 37162 243349012 false X WWW.DREMC.COM X 1936 TN RURAL ELECTRIC DISTRIBUTION TO 84,556 MEMBERS LOCATED PRIMARILY IN BEDFORD, COFFEE, FRANKLIN, GILES, MARSHALL, MAURY AND MOORE COUNTIES IN MIDDLE TENNESSEE. 13 13 193 0 0 234525207 234399111 629004 4435925 291223 314200 235445434 239149236 0 7121912 14983837 18906814 19741536 0 0 209416708 204423863 235445434 239149236 0 297457935 317535633 150676614 140333328 146781321 177202305 THE COOPERATIVE EXISTS TO DELIVER RELIABLE ELECTRICITY AT THE LOWEST POSSIBLE COST, TO PROMOTE ECONOMIC DEVELOPMENT AND TO ENHANCE THE QUALITY OF LIFE FOR ITS MEMBERS. false false 239149236 PROVIDING ELECTRIC SERVICE TO 84,556 MEMBERS PRIMARILY IN BEDFORD, COFFEE, FRANKLIN, GILES, MARSHALL, MAURY AND MOORE COUNTIES IN MIDDLE TENNESSEE SINCE THE FORMATION OF THE COOPERATIVE IN MAY OF 1936. 239149236 false false true false false false false false false true false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 125 0 193 true false false false false false 232181282 4750125 false false false X 13 13 false false false false true true true true true false false true true true true true true true true false X X MICHELLE HERRMAN 9316844621 305 LEARNING WAY SHELBYVILLE TN 37160 ANTHONY KIMBROUGH CHAIRMAN 3.55 0.00 X X 14080 0 0 MARK WEBB VICE CHAIRMA 2.26 0.00 X X 13120 0 0 DANA SALTERS SECRETARY 2.58 0.00 X X 19380 0 0 PHILIP DUNCAN TREASURER 5.47 0.00 X X 17220 0 0 BUFORD JENNINGS DIRECTOR 2.65 0.00 X X 9500 0 0 JAMES BRENT WILLIS DIRECTOR 3.58 0.00 X 12900 0 0 BAXTER WHITE DIRECTOR 3.99 0.00 X 13980 0 0 MIKE ENGLAND DIRECTOR 4.08 0.00 X 14900 0 0 WAYNE TUCKER DIRECTOR 3.85 0.00 X 13440 0 0 LYN STACEY DIRECTOR 3.69 0.00 X 10470 0 0 WILLIAM WILSON DIRECTOR 2.93 0.00 X 14850 0 0 WILLIAM HENLEY DIRECTOR 2.17 0.00 X 7670 0 0 BRIAN RIDDLE DIRECTOR 4.68 0.00 X 8690 0 0 BARRY COOPER FORMER DIREC 6.14 0.00 X X 12660 0 0 SCOTT SPENCE PRES. & CEO 63.00 0.00 X 453934 0 62581 TROY CROWELL INTERIM PRES 50.00 0.00 X 175971 0 116183 MICHELLE HERRMAN VICE PRESIDE 50.00 0.00 X 120408 0 33896 JAMES EDDE SR. DIRECTOR 50.00 0.00 X 153163 0 45272 JEFF HOCKADAY DIST. OPER. 55.00 0.00 X 152121 0 61926 TIM SHELTON SENIOR LINEM 48.00 0.00 X 151919 0 37094 JULIE MURDOCK SR PURCHASIN 43.00 0.00 X 146777 0 35761 JEFF HOLT SR WORKING F 45.00 0.00 X 147705 0 29590 JAMES BATES FORMER CONTR 48.00 0.00 X 144459 0 22627 1829317 444930 87 true true false LEWIS TREE SERVICE 300 LUCIUS GORDON DR WEST HENRIETTA NY 14586 TREE TRIMING 8509233 CORBITT POWER & LIGHT LLC PO BOX 2368 ALBERTVILLE AL 35950 CONSTRUCTION 3078055 THE STATE GROUP INDUSTIAL DELTA SERVICES LLC 4676 JENNINGS LANE LOUISVILLE KY 40218 CONSTRUCTION 2255022 HBH HOLDINGS INC BROADWAY ELECTRIC SVC CORP 1800 N CENTRAL STREET KNOXVILLE TN 37917 CONSTRUCTION 1738327 TAYLOR ELECTRIC INC 5592 WALL TRIANA HIGHWAY MADISON AL 35758 CONSTRUCTION 1139403 15 SALE OF ELECTRICITY 221000 228120349 228120349 MISCELLANEOUS 221000 4060933 4060933 POLE RENTAL 531190 2069463 2069463 DARK FIBER 531190 148366 148366 234399111 493270 493270 8142431 4199776 3942655 3942655 3942655 PATRONAGE CAPITAL REFUND 221000 314200 314200 314200 239149236 236438137 2711099 14983837 1902284 9547221 4222262 3054879 1014890 91290 49689 35999 347657 169584 376750 602860 287936 2984109 13070785 396502 COST OF ELECTRICITY SOLD 166100012 DISTRIB. MAINTENANCE EXP. 13013402 DISTRIB. OPERATIONS EXP. 4016286 ADMIN. AND GENERAL EXPENS 2105292 775710 239149236 0 0 0 1225330 1709954 12886454 7151120 12608013 14883363 3216058 8773082 4259412 4502092 251154 297378 409079476 139571572 254631625 269507904 8379889 10710740 297457935 317535633 31799371 35878960 76364668 75212721 42512575 29241647 150676614 140333328 X 847840 854650 145933481 176347655 146781321 177202305 297457935 317535633 X 0 30420984 X false true X true false 9820 9820 9820 true TENNESSEE ACTION COMMITTEE FOR RURAL ELECTRIFICATION PO BOX 100912 NASHVILLE TN 37224 620925545 9820 SCHEDULE C, PART I-A, LINE 1 THE ORGANIZATION CONTRIBUTED FUNDS TO THE TENNESSEE ACTION COMMITTEE FOR RURAL ELECTRIFICATION (A STATE AND LOCAL POLITICAL ACTION COMMITTEE). 2764954 2764954 17921966 6600374 11321592 42906297 26373453 16532844 345486259 106597745 238888514 269507904 CUSTOMER DEPOSITS 10441827 ADVANCES FOR CONSTRUCTION 9572550 POSTRETIREMENT BENEFITS 6023528 OTHER LIABILITIES 3203742 29241647 239149236 239149236 239149236 224165399 224165399 14983837 14983837 239149236 SCHEDULE D, PAGE 4, PART XII, LINE 4B NET MARGINS ASSIGNED TO MEMBERS: 14,983,837 SCHEDULE D, PAGE 4, PART XIII NET MARGINS ASSIGNED TO MEMBERS ARE REPORTED ON FORM 990, PART IX, LINE 4. THE COOPERATIVE IS PROHIBITED FROM THE RETIREMENT OF THE MEMBER ASSIGNED MARGINS BY ITS REGULATOR, THE TENNESSEE VALLEY AUTHORITY. X true true X X X X false false false SCOTT SPENCE PRES. & CEO (FORMER) 362489 91445 36637 25944 516515 TROY CROWELL INTERIM PRES. & CEO 172738 3233 91363 24820 292154 MICHELLE HERRMAN VICE PRESIDENT / CFO 114512 5896 27283 6613 154304 JAMES EDDE SR. DIRECTOR, DECHER 151327 1836 34466 10806 198435 JEFF HOCKADAY DIST. OPER. SUPERVIS 146367 5754 51180 10746 214047 TIM SHELTON SENIOR LINEMAN 85414 66505 19097 17997 189013 JULIE MURDOCK SR PURCHASING MGR 146055 722 15405 20356 182538 JEFF HOLT SR WORKING FOREMAN 142950 4755 19241 10349 177295 JAMES BATES FORMER CONTROLLER 143060 1399 12005 10622 167086 SCHEDULE J, PART III SCHEDULE J, PART I, LINE 1A - FRINGE OR EXPENSE EXPLANATION EMPLOYEE REIMBURSEMENT OF HEALTH CLUB MEMBERSHIP DUES ALLOWANCE OF 50% OF DUES PAID TO A MAXIMUM OF 200 PER YEAR PER EMPLOYEE UPON PRESENTATION OF A PAID RECEIPT. NO HEALTH CLUB DUES WERE REIMBURSED TO ANY DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 6 THE COOPERATIVE HAS MEMBERS THAT PAY A 10 MEMBERSHIP FEE WHEN ESTABLISHING METERED SERVICE FOR ELECTRICITY. FORM 990, PAGE 6, PART VI, LINE 7A MEMBERS ARE ENTITLED TO VOTE FOR THE DIRECTORS ON THE BALLOT WHO REPRESENT THE SERVICE AREA IN WHICH THE MEMBERS RESIDE. FORM 990, PAGE 6, PART VI, LINE 7B DECISIONS TO SELL THE COOPERATIVE REQUIRE MEMBER APPROVAL. CHANGES TO THE BYLAWS MAY BE SUBMITTED FOR MEMBERS APPROVAL. FORM 990, PAGE 6, PART VI, LINE 11B THE COOPERATIVE'S BOARD MEMBERS COMPLETED QUESTIONNAIRES WHICH WERE THEN USED FOR THE COMPLETION OF IRS FORM 990. THEN THE BOARD MEMBERS RECEIVED THE FINAL IRS FORM 990 AS PART OF THE MATERIALS FOR BUSINESS CONDUCTED DURING A REGULAR MEETING OF THE BOARD OF DIRECTORS PRIOR TO SUBMISSION. FORM 990, PAGE 6, PART VI, LINE 12C ALL BOARD MEMBERS COMPLETED A QUESTIONNAIRE ON VARIOUS MATTERS TO BE USED IN COMPLETING IRS FORM 990. THE QUESTIONNAIRES CONTAINED QUESTIONS PERTAINING TO POTENTIAL CONFLICTS OF INTEREST THAT WOULD REQUIRE DISCLOSURE. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR THE PRESIDENT AND CEO IS SET BY THE BOARD. THE BOARD RELIES ON STUDIES AND REVIEWS, AS WELL AS DATA FROM THE U.S. BUREAU OF LABOR STATISTICS, AND SURVEYS PERFORMED BY VARIOUS TRADE ORGANIZATIONS. THE BOARD SETS THE COMPENSATION FOR THE PRESIDENT AND CEO, APPROVES MERIT POOL DOLLARS, AND A BUDGET ADJUSTMENT THERETO FOR ALL EMPLOYEES. THE PRESIDENT AND CEO THEN MAKES SPECIFIC INDIVIDUAL SALARY DECISIONS FOR THE EMPLOYEES HE SUPERVISES, SPECIFICALLY HIS DIRECT REPORTS. FORM 990, PAGE 6, PART VI, LINE 15B THE PRESIDENT AND CEO MAKES SPECIFIC INDIVIDUAL SALARY DECISIONS BASED ON MERIT POOL AND A BUDGET FOR ADJUSTMENT THERETO FOR THE EMPLOYEES HE SUPERVISES, SPECICALLY HIS DIRECT REPORTS. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE PROVIDED TO ANY MEMBER WHO REQUESTS SUCH DOCUMENTS AT THE COOPERATIVE'S OFFICES. THE GOVERNING DOCUMENTS ARE ALSO POSTED AND AVAILABLE TO ALL MEMBERS AND THE GENERAL PUBLIC ON THE COOPERATIVE'S WEBSITE. THE COOPERATIVE'S FINANCIAL INFORMATION IS PUBLISHED ANNUALLY IN THE TENNESSEE MAGAZINE, WHICH IS A MONTHLY PERIODICAL PROVIDED TO THE COOPERATIVE'S MEMBERSHIP. THE ANNUAL FINANCIAL INFORMATION IS PROVIDED TO EACH MEMBER ATTENDING THE COOPERATIVE'S ANNUAL MEETING. FORM 990, PART XI, LINE 9 ACTUARIAL GAIN-POSTRETIREMENT BEN OBLIG.-PENSION 12,537,367 ACTUARIAL GAIN-POSTRETIRMENT BEN OBLIG-HEALTH 947,676 AMORTIZATION-POSTRETIREMENT BEN. OBLIG.-HEALTH PLA 99,307 AMORTIZATION-POSTRETIREMENT BEN. OBLIG.-PENSION 1,845,987 INCREASE IN MEMBERSHIPS 6,810 NET MARGINS ALLOCATED TO MEMBERS 14,983,837 TOTAL 30,420,984