2024-10-01T16:15:48-05:00 2024-06-30 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1200 MARKET STREET CHATTANOOGA TN 37402 990 2023-07-01 620459672 TRI-STATE ELECTRIC MEMBERSHIP CORP TRI- 7064923251 PO BOX 68 MCCAYSVILLE GA 30555 STACY CHASTAIN GENERAL MANAGER 7064923251 2024-09-24 1 1 KIM HUSKEY CPA P00958962 4237567771 2024-09-24 2023 2024-10-15 13:58:12Z STACY CHASTAIN PO BOX 68 MCCAYSVILLE GA 30555 44436180 0 X WWW.TSEMC.NET X 1971 TN TO PROVIDE ELECTRIC ENERGY TO RURAL AREAS. 7 7 46 0 0 0 0 0 43223543 43567395 124164 131052 704376 726033 44052083 44424480 0 0 0 0 4858246 5261775 0 0 0 38317550 38010776 43175796 43272551 876287 1151929 61245925 66860220 27214308 31626873 34031617 35233347 TO PROVIDE ELECTRIC ENERGY TO RURAL AREAS. 0 0 43272551 43565835 PROVIDE ELECTRIC ENERGY AND RELATED SERVICES TO RURAL AREAS. THE COOPERATIVE SERVICES 21,380 CUSTOMERS. 43272551 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 37 0 1 46 1 0 0 0 0 0 43567395 727593 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X MR STACY CHASTAIN GENERAL MANAGER 7064923251 PO BOX 68 MCCAYSVILLE GA 30555 JERRY PACK PRESIDENT 10.00 X X 2725 0 25498 JESSE MILLER VICE PRESIDENT 5.00 X X 2275 0 35166 HOUSTON ROGERS DIRECTOR 4.00 X 2025 0 10247 JIM QUINTRELL SECRETARY/TREASURER 3.00 X X 2275 0 13606 BILL JOE POSTELL DIRECTOR 6.00 X 2275 0 13596 WILLIAM BARKER DIRECTOR 5.00 X 2275 0 13606 TOM STILES DIRECTOR 3.00 X 1225 0 7960 LISA FIELDS DIRECTOR 3.00 X 700 0 3414 STACY CHASTAIN GENERAL MANAGER 40.00 X 198316 0 82201 CHRIS HULSEY HUMAN RESOURCE MANAGER 40.00 X 122113 0 62164 CHUCK THOMAS OPERATIONS MANAGER 40.00 X 142376 0 54075 DAVID LEWIS IT MANAGER 40.00 X 116330 0 62162 LISA HOOD HUMAN RESOURCE MANAGER 40.00 X 105218 0 54102 CHRISTY SETSER FINANCE MANAGER 40.00 X 114025 0 62146 814153 0 499943 7 0 1 0 REAL TREE CORPORATION 154 STANSBURY MOUNTAIN RD COPPERHILL TN 37317 RIGHT OF WAY SERVICE 3212437 VFP INC 5410 FALLOWATER LANE ROANOKE VA 24018 SUBSTATION CONSTRUCTION 329925 PROGRESSIVE SOLUTIONS LLC PO BOX 1130 MARSHALL AR 72650 RIGHT OF WAY SERVICE 140658 SERVICE ELECTRIC COMPANY PO BOX 277790 ATLANTA GA 30384 SUBSTATION CONSTRUCTION 112914 PATTERSON & DEWAR ENGINEERS PO BOX 2808 NORCROSS GA 30091 ENGINEERING 110716 5 ENERGY SALES 221000 43487935 43487935 SERVICE SALES 221000 79460 79460 43567395 131052 131052 727593 0 727593 727593 727593 10140 11700 -1560 -1560 44424480 43565835 0 858645 814153 3850537 317401 279684 18266 46323 96126 488627 16486 955301 2262424 64059 COST OF POWER 28063990 DISTRIBUTION 7338718 CUSTOMER ACCOUNTS 1231571 TAXES 286580 -2857695 43272551 2722403 4237521 1435999 1826076 1122202 1263889 2040792 1828399 548282 374044 91541322 35053032 52590532 56488290 761055 830937 24660 11064 61245925 66860220 4101843 4476704 18887418 22794030 4225047 4356139 27214308 31626873 X 80505 82045 0 0 33951112 35151302 34031617 35233347 61245925 66860220 X 1151929 49801 X X 0 1 X 1 0 42419 42419 2848781 1421307 1427474 84086387 33631725 50454662 4563735 4563735 56488290 CUSTOMER DEPOSITS 2071495 HEAT PUMP LOANS 781202 POSTRETIREMENT BENEFITS 1503442 4356139 X 44424480 0 44424480 0 44424480 43272551 0 43272551 0 43272551 PART X, LINE 2: THE CORPORATION FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION TOPIC 740, INCOME TAXES. THE CORPORATION HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING DISCLOSURE, AND THERE ARE NO MATERIAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS. THE CORPORATION'S EVALUATION WAS PERFORMED FOR TAX YEARS ENDED JUNE 30, 2021 THROUGH JUNE 30, 2024, THE YEARS THAT REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS JUNE 30, 2024. SCHEDULE D PART VI, LINE 1E THE AMOUNT OF $4,563,735 IS MADE UP OF CONSTRUCTION WORK IN PROGRESS. X 0 0 0 STACY CHASTAIN GENERAL MANAGER 198316 0 0 0 0 0 0 0 82201 0 280517 0 0 0 CHUCK THOMAS OPERATIONS MANAGER 142376 0 0 0 0 0 0 0 54075 0 196451 0 0 0 CHRIS HULSEY HUMAN RESOURCE MANAGER 122113 0 0 0 0 0 0 0 62164 0 184277 0 0 0 DAVID LEWIS IT MANAGER 116330 0 0 0 0 0 0 0 62162 0 178492 0 0 0 CHRISTY SETSER FINANCE MANAGER 114025 0 0 0 0 0 0 0 62146 0 176171 0 0 0 LISA HOOD HUMAN RESOURCE MANAGER 105218 0 0 0 0 0 0 0 54102 0 159320 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 TO RECEIVE POWER FROM TRI-STATE EMC, A CUSTOMER MUST FIRST PAY A MEMBERSHIP FEE OF $5.00. TRI-STATE EMC HAS 21,380 CUSTOMERS WHO ARE ALL MEMBERS. EACH MEMBER IS ENTITLED TO PARTICIPATE IN THE ANNUAL ELECTION OF THE BOARD OF DIRECTORS, WHO IS CHARGED WITH THE RESPONSIBILITY OF FORMULATING THE GENERAL POLICIES OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERS OF TSEMC THROUGH A DEMOCRATIC PROCESS. FORM 990, PART VI, SECTION B, LINE 11B TSEMC'S INDEPENDENT CPA WILL GO OVER THE 990 WITH THE BOARD OF DIRECTORS BEFORE IT IS SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES AND BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANYTHING THAT IS DEEMED A CONFLICT OF INTEREST IN THE WRITTEN POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE GENERAL MANAGER'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS YEARLY. THE BOARD ALSO DETERMINES THE COMPENSATION FOR MANAGEMENT ON A YEARLY BASIS. FORM 990, PART VI, SECTION C, LINE 19 TRI-STATE EMC MAKES ITS FINANCIAL STATEMENTS AVAILABLE UPON REQUEST TO ALL OF ITS MEMBERS. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE ALSO AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: INCREASE IN CAPITAL STOCK 1,540. CHANGE IN APBO 48,261. FORM 990, PART XII, LINE 2C: THIS PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR. THE BOARD OF DIRECTORS IS IN CHARGE OF THE OVERSIGHT OF THE AUDIT.