2024-09-27T03:53:57-04:00 2023-12-31 990 2023-01-01 381109570 TRI-COUNTY ELECTRIC COOPERATIVE % Christopher ONeill TRI- 5176477554 7973 E GRAND RIVER AVE PORTLAND MI 488759717 Christopher O Neill President CEO 2024-09-27 2023 2024-10-15 13:58:12Z Christopher ONeill 7973 E GRAND RIVER AVE PORTLAND MI 488759717 68014904 false X www.homeworks.org X 1937 MI To provide our members and customers with energy comfort and communication solutions that will enhance their quality of life. 7 7 122 0 192924 0 84779 64821 67192631 67438458 126755 192076 238061 276232 67642226 67971587 0 0 5007346 3785601 8659843 9593571 0 0 0 54561509 55576164 68228698 68955336 -586472 -983749 223184167 236676088 147334255 157945189 75849912 78730899 To provide our members and customers with energy comfort and communication solutions that will enhance their quality of life. false false 0 0 0 Revenues from sale of electric power to 27,060 meters. Added replaced 6.88 miles of line for a total of 3,420 miles of line. 0 0 0 Revenues from sale of high speed internet to customers 9,863. Constructed 618.43 miles of fiber to provide high speed internet and phone service to our electric members and other non-member expansion areas. 0 0 0 0 0 0 0 false true false false false false false true false true false true false true true true true false false false false false false false false false false false true false false false false true false false false false false false true true true false true 93 0 true 122 true true true false false false false 65235858 917418 false false false 7 7 true false false false true true true true false false false true true true true true true true true false X Samantha Campbell 5176477554 7973 E Grand River Ave Portland MI 48875 X X Jake Borton Board Member 7.75 0.30 X 8075 0 0 Christopher O Neill President CEO 40.80 4.40 X 296774 0 107723 Patrick Simmer CFO COO 42.20 0.88 X 171425 0 53343 Thomas Manting CIO 40.60 0.62 X 148145 0 101969 Jeremy Zuke Lineman 52.56 0.00 X 169688 0 38083 Christopher Reed Electric Operations Manager 46.38 0.00 X 158976 0 97735 Christian Jensen Engineering Supervisor 45.30 0.00 X 152274 0 85192 Jeremy Zbytowski Lineman 47.70 0 X 150702 0 43371 Brian Moore Lineman 47.87 0 X 142222 0 35769 Luke Pohl Chairman 11.93 0.30 X X 23405 0 0 James Stebbins Board Member 12.12 0.30 X 22618 0 0 Shirley Sprague Board Member 10.16 0.30 X 18995 0 0 Theresa Sopocy Board Member 7.41 0.30 X 17390 0 0 John Lord Vice Chairman 8.91 0.30 X X 15845 0 0 Ed Oplinger Secretary Treasurer 4.16 0.30 X X 15845 0 0 Kimber Hansen Board Member 8.36 0.30 X 9660 0 0 1522039 0 563185 33 false true false Spartan Consulting Group LLC 1 Ivybrook Blvd Suite 110A Warminster PA 18974 Fiber Construction 2339781 FiOptix Inc 101 E 8th Ave Ste 400 Conshohocken PA 19428 Fiber Construction 2283881 Procare Tree Service LLC DBA CHOP Tree Service 1505 Steele Ave SW Grand Rapids MI 49507 ROW Clearing 2004213 Wright Tree Service Inc PO Box 1718 Des Moines IA 50306 ROW Clearing 1461925 B&M Ashman Inc 8455 Ronda Dr Canton Twp MI 48187 Fiber Construction 3798634 12 0 0 0 0 64821 0 0 64821 Utilities 221000 56068707 56068707 0 0 Wired Telecommunications Carriers 517110 8511854 8318930 192924 0 Capital Credit Allocations 900999 2857897 2857897 0 0 0 0 0 0 0 0 0 0 0 0 0 0 67438458 129307 0 0 129307 0 0 0 0 0 0 0 0 273203 0 0 0 273203 0 273203 0 0 0 63269 0 500 0 62769 0 62769 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 45846 42817 3029 3029 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 67971587 67248563 192924 129307 X 0 0 0 0 0 0 3785601 0 918077 0 0 0 96247 0 0 0 5832116 0 0 0 1373382 0 0 0 893423 0 0 0 480326 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2675833 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5646526 0 0 0 0 0 0 0 7260942 0 0 0 0 0 0 0 Cost of Power/Internet Service 32782926 0 0 0 Distribution 3953836 0 0 0 Administration 1586209 0 0 0 Customer Accounts 1664806 0 0 0 5086 0 0 0 68955336 0 0 0 0 0 0 0 0 0 1020575 1056610 0 0 7635532 7764690 0 0 0 0 74925 74295 5505676 5724909 1373444 1208832 224147218 46435446 166769260 177711772 0 0 0 0 39132986 41666194 352869 445694 1318900 1023092 223184167 236676088 11420238 10691604 0 0 2202336 2118475 0 0 4906 4878 0 0 128700597 141030201 3340000 2725000 1666178 1375031 147334255 157945189 X 61639964 64176280 14209948 14554619 0 0 75849912 78730899 223184167 236676088 X -983749 0 0 0 0 3864736 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 0 0 0 0 true X 3300 653357 656657 8164309 3800023 4364286 210932323 42524408 168407915 4393929 111015 4282914 177711772 Wolverine Power Supply Co-Op Capital Credits 30583753 C Tri-Co Services Inc. 6641455 C CFC Subordinate Certificates 1756585 C CFC Patronage Capital 1649205 C Memberships and Other Investments 1035196 C 41666194 Lease Liability - ASC Topic 842 1375031 1375031 X 68448270 476683 476683 67971587 0 67971587 65164649 0 65164649 3790687 3790687 68955336 Part IV, line 2b The Cooperative collects and remits voluntary contributions to the Tri-County Electric People Fund Inc. the fund a 501c3 nonprofit organization for charitable giving to individuals and organizations primarily in the Cooperatives service area. Amounts to the fund on December 31 2022 and 2023 amounts to $4,906 and $4,878 respectively. Part XI, line 2d Equity Earnings from Subsidiary $481,769 Non-Operating Expense $5,086 Part XII, line 4b Patronage Capital Credits allocated during the year $3,785,601 Non-Operating Expense $5,086 Part X, line 2 The Cooperative is exempt from federal income tax under Section 501c12. The Cooperative is annually required to file a Return of Origination Exempt from Income Tax Form 990 with the IRS. The Cooperative files an Exempt Organization Business Tax Return 990-T with the IRS to report its unrelated business taxable income. The Cooperative evaluates its tax positions that have been taken or are expected to be taken on income tax returns to determine if an accrual is necessary for uncertain tax positions. As of December 31 2022 and 2023 the unrecognized tax benefit accrual was zero. The Cooperative will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if incurred. The Cooperative is no longer subject to Federal tax examinations by tax authorities for years before 2020 and state examinations for years before 2020. The Cooperative undergoes an annual analysis of its various tax positions assessing the likelihood of those positions being upheld upon examination with relevant tax authorities. X X X false false false Christopher O Neill President CEO 245905 0 50000 0 869 0 81538 0 27802 0 406114 0 0 0 Patrick Simmer CFO COO 161922 0 6000 0 3503 0 42421 0 11565 0 225411 0 0 0 Thomas Manting CIO 141354 0 4750 0 2042 0 75784 0 26763 0 250693 0 0 0 Jeremy Zuke Lineman 169359 0 0 0 329 0 14949 0 23812 0 208449 0 0 0 Christopher Reed Electric Operations Manager 145028 0 11300 0 2648 0 77870 0 20441 0 257287 0 0 0 Christian Jensen Engineering Supervisor 140642 0 9600 0 2032 0 59558 0 26207 0 238039 0 0 0 Jeremy Zbytowski Lineman 150357 0 0 0 344 0 20737 0 25354 0 196792 0 0 0 Brian Moore Lineman 141935 0 0 0 287 0 12634 0 23853 0 178709 0 0 0 Part II Line 1 | Name :, Title:, Item Selected:, Description:| All Employees Listed, Included in column "c" deferred comp is the estimated current year increase in the actuarial value of the defined benefit plan for all employees. These amounts do not represent any current year contribution to the plan. They are estimates of the increase in actuarial value of the plan received from the NRECA. The current year expense and increase in actuarial value for each employee are reflected in the statement on the Schedule O for Form 990 Part VII Column F.| Christia Manting Spouse of CIO 96247 Wages and Benefits false Part VI, Section B, Line 1 Tri-County Electric Cooperative is divided into seven districts. Each district has a member elected Board of Director that votes on behalf of the district represented. There is a total of seven Board of Director seats. Part VI, Line 2 All board members and CEO have business relationships due to their positions with Tri-Co Services Inc. a wholly owned corporation. Part VI, Line 6 There is one class of members. Each member is entitled to one vote. Part VI, Line 7a Each member is entitled to one vote to elect their district board member at their annual district meeting. Part VI, Line 7b The bylaws may be altered amended or repaired by a vote of two-thirds of the delegates of the Cooperative. Part VI, Line 8a There is no committee with the authority to act on behalf of the full board. Part VI, Line 11b The CEO and CFO reviewed the Form 990 prior to it being filed. The Form 990 was also reviewed by a third party audit firm. Form 990 is distributed to the board to review and approved by Board Resolution prior to being filed with the IRS. Part VI, Line 12c A board policy exists describing the situations creating a conflict of interest and requires each of the directors and key employees to disclose and report any potential conflicts to the proper authority. The CFO CIO and other employees must report to the CEO. The CEO must report to the Board Chairman. The CEO CFO and CIO and the directors are required to review and sign an annual statement pertaining to conflicts of interest. Directors found in violation of this policy will be dealt with pursuant to the bylaws of the Cooperative. A Board member abstains from voting on any items with potential conflicts. Part VI, Line 15 Job descriptions are maintained for each position providing a basis for responsibility for each position. Annual goals and objectives tied to the strategic plan of the Organization are set for each position. Once each fiscal year the performance of these positions are evaluated. For the CEO the Board of Directors as a whole evaluates the performance against the job responsibilities goals and objectives. Also guidelines are provided by the national organization called the CEO Competency Profile which provides a list of the competencies and characteristics for success. For the CFO and CIO the position is evaluated in a similar manner as the CEO. Annual compensation surveys are obtained for the above positions in a similar organization and similar responsibilities which provide compensation ranges. Education background and work experience is also taken into consideration. Annual evaluations are brought to the Board in September of each year. This annual process was last completed in September 2023. Part VI, Line 19 The organization makes it governing documents conflict of interest policy and financial statements available upon request. Part XI, Line 9 | Description:, Explanation:, Amount:| Donated Capital $362,902 Capital Credits Retired -$765,536 Equity Earnings By Subsidiary $481,769 Patronage Capital Allocated during the year $3,785,601. Total of $3,864,736., Other Changes in Net Assets, $3864736| Part VII General | Explanation:| Included in column "f" is the estimated amount of other compensation which includes the estimated annual increase in the actuarial value of the defined benefit plan for all employees. The estimated increase for Christopher O'Neill is $68,952 Patrick Simmer $34,231 Thomas Manting $68,425 Jeremy Zuke $9,732 Christopher Reed $70,530 Christian Jensen $52,277 Jeremy Zbytowski $15,213 and Brian Moore $7,415. These amounts are an estimate of the increase in value of the plan and is not the current year expense of the Cooperative. The current year expense of the defined benefit plan is $55,200 $35,959 $32,345 $20,540 $32,237 $32,005 $21,751 and $20,540 respectively. Part IX Line 4 | Explanation:| The Cooperative has interpreted the instructions to part IX line 4 to mean patronage allocated for the year rather than capital credits retired. This is consistent with the bylaws of the Cooperative. Part VII General | Explanation:| Expense reimbursement of executive officer compensation allocated to the for profit subsidiary Tri-Co Services is included in the figures shown in Part VII for the CEO CFO and CIO. The allocation of compensation is reimbursed at cost per the management agreement between the two entities. Tri-Co Services reports the allocation expenses as executive labor on the annual filed 1120. Tri County Electric People Fund Incorporated 7973 E Grand River Ave Portland MI 48875 383083659 Operation Round Up MI 501(C)(3) Charity Status 7 Tri-County Electric Cooperative true Tri Co Services Incorporated 7973 E Grand River Ave Portland MI 48875 382803942 Sales and Services MI Tri-County Electric Cooperative C-Corporation 2820879 8525745 1 true true false false false true true false false false false false false false true true true true true true TriCo Services Incorporated A 38477 Actual Cost TriCo Services Incorporated E 16100000 Actual Cost TriCo Services Incorporated F 500000 Actual Cost TriCo Services Incorporated N 76919 Actual Cost TriCo Services Incorporated O 1284236 Actual Cost TriCo Services Incorporated Q 196778 Actual Cost TriCo Services Incorporated R 23960988 Actual Cost TriCounty Electric People Fund Incorporated R 58646 Actual Cost