2024-10-01T11:11:02+00:00 2023-12-31 440160260 Forvis Mazars LLP PO Box 3667 Little Rock AR 722033667 990 2023-01-01 240744667 Tri-County Electric Cooperative Inc TRI- 5706622175 2448 CHARLESTON ROAD MANSFIELD PA 16933 AARON YOUNG CO CEO 5706622175 2024-10-01 true Amber Sherrill P00748683 5013721040 2024-10-01 2023 2024-10-15 13:58:12Z AARON YOUNG 2448 CHARLESTON ROAD MANSFIELD PA 16933 48905444 false X WWW.TRI-COUNTRYREC.COM X 1937 PA PROVISION OF ELECTRICITY, ON A COOPERATIVE BASIS, TO MEMBERS IN RURAL PENNSYLVANIA. 9 9 39 5 0 0 1152887 1183410 35858629 42960669 80169 1364518 576274 388635 37667959 45897232 0 0 966322 1103506 1448199 1183150 0 0 35472273 42520679 37886794 44807335 -218835 1089897 180633670 197183997 128492927 143105245 52140743 54078752 PROVISION OF ELECTRICITY, ON A COOPERATIVE BASIS, TO MEMBERS IN RURAL PENNSYLVANIA. false false PROVISION OF ELECTRICITY, ON A COOPERATIVE BASIS, TO MEMBERS IN RURAL PENNSYLVANIA. 0 false true false false false false false false true false true false true false false true false false false false false false false false false false false true false false false false false false false false false false true false false false true 129 0 true 39 true false false false false false 41547307 2870999 false false false X 9 9 false false false false true true false true true false false true true true true true true true true false PA X JENNIFER PELLETT 5706622175 2448 CHARLESTON ROAD MANSFIELD PA 16933 X GERALD KRINER CHAIRMAN 1.0 0.0 X X 37250 0 0 Lowell Geiser Secretary/Treasurer 1.0 0.0 X X 23594 0 0 Valery Robbins Vice Chairman 1.0 0.0 X X 21294 0 0 Alfred Calkins PREA Director 1.0 0.0 X 19515 0 0 James Davis Director 1.0 0.0 X 17015 0 0 Janet Teeter Director 1.0 0.0 X 23531 0 0 Jerome Sasala Director 1.0 0.0 X 32012 0 0 Matthew Whiting Allegheny Director 1.0 0.0 X 23817 0 0 Michael Filer Director 1.0 0.0 X 11504 0 0 Nicholas REITTER Director 1.0 0.0 X 25028 0 0 Aaron Young Co-CEO, Tri-County REC 40.0 0.0 X 175138 0 97986 Eric McRoberts Director of Operations 40.0 0.0 X 133724 0 77625 Jennifer Pellett Director of Financial Services 40.0 0.0 X 119109 0 72856 Rachel Hauser Co-CEO, Tri-County REC 40.0 0.0 X 179601 0 92551 James Succowich Chief Lineman 46.6 0.0 X 129327 0 65645 JASON PERKINS JOURNEYMAN LINEMAN 47.0 0.0 X 121876 0 45028 Jeremiah Trump Journeyman Lineman 47.4 0.0 X 124056 0 68987 Joseph Mickey Chief Lineman 47.9 0.0 X 134238 0 70531 Justin Earle Chief Lineman 49.7 0.0 X 141871 0 67463 1493500 0 658672 29 false true false Henkels & Mccoy 2268 Collection Center Dr Chicago IL 60693 Fiber Buildout 5100944 GrayBar 2268 Collection Center Dr Chicago IL 60693 Fiber Buildout 3815712 Patriot Tree Surgeons 1975 PA Route 309 Allentown PA 18104 ROW clearing 3143250 BNF Poweline 361 Brumbaugh Rd Roaring Spring PA 16673 Pole Setting 2517766 Manning Technology PO Box 616 Gainesboro TN 38562 Fiber Buildout 1237393 35 1183410 1183410 SALES OF ELECTRIC ENERGY 221000 41517642 41517642 G&T CAPITAL CREDITS 221000 1443027 1443027 0 0 0 0 42960669 160380 160380 304649 0 304649 304649 304649 4203217 2999079 0 1204138 1204138 1204138 29665 9133 20532 20532 PA GROSS RECEIPTS RECOVERY SURCHARGE 900099 50917 50917 PREA LEEP PROGRAM 900099 10388 10388 MISCELLANEOUS INCOME 900099 2149 2149 0 0 0 0 63454 45897232 42960669 0 1753153 1103506 1183150 25210 308952 5394535 5343810 COST OF ELECTRIC POWER 16066631 DISTRIBUTION EXPENSE 9960499 ADMINISTRATIVE & GENERAL 3633936 OTHER 905981 881125 44807335 271509 570931 1858142 907095 0 0 4699612 5613510 0 0 0 0 0 0 2265512 2466278 346294 492085 201978671 46823340 140613815 155155331 0 0 0 29590989 31142152 103767 87384 884030 749231 180633670 197183997 6755675 6320534 0 0 3086990 6235027 0 0 0 0 0 0 118165510 128626681 0 0 484752 1923003 128492927 143105245 0 0 0 0 X 0 0 0 0 52140743 54078752 52140743 54078752 180633670 197183997 X 1089897 848112 X false true X true true true RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16493022 16493022 9298552 1871410 7427142 148579792 44951930 103627862 27607305 0 27607305 155155331 INVESTMENT IN ASSOCIATED ORGS 31142152 C 31142152 POST RETIRMENT OBLIGATIONS 267558 DEFERRED CREDITS 1225597 LEASES 429847 DUE TO SUBSIDIARY 1 1923003 46771441 874209 874209 45897232 0 0 45897232 43703829 0 0 43703829 1103506 1103506 44807335 Schedule D, Part X, Line 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 EQUITY IN EARNINGS OF SUBSIDIARY - 874209 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements PATRONAGE CAPITAL ASSIGNABLE - 1103506 X X X false false false Aaron Young Co-CEO, Tri-County REC 175138 0 0 0 0 0 50603 0 47383 0 273124 0 0 0 Rachel Hauser Co-CEO, Tri-County REC 179601 0 0 0 0 0 50603 0 41948 0 272152 0 0 0 Eric McRoberts Director of Operations 129724 0 4000 0 0 0 37244 0 40381 0 211349 0 0 0 Jennifer Pellett Director of Financial Services 119109 0 0 0 0 0 34747 0 38109 0 191965 0 0 0 Justin Earle Chief Lineman 99045 0 0 0 42826 0 26239 0 41224 0 209334 0 0 0 Joseph Mickey Chief Lineman 99952 0 0 0 34286 0 26239 0 44292 0 204769 0 0 0 James Succowich Chief Lineman 100003 0 0 0 29324 0 26239 0 39406 0 194972 0 0 0 Jeremiah Trump Journeyman Lineman 93669 0 0 0 30387 0 24862 0 44125 0 193043 0 0 0 JASON PERKINS JOURNEYMAN LINEMAN 121876 0 0 0 0 0 24862 0 20166 0 166904 0 0 0 Form 990, Part VI, Line 6 Classes of members or stockholders MEMBERS OF THE RURAL ELECTRIC COOPERATIVE ARE CONSUMERS OF ELECTRICITY. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body GOVERNING BODY IS ELECTED BY MEMBERS BY BALLOT VOTE. Form 990, Part VI, Line 11b Review of form 990 by governing body THE CEO AND CFO REVIEW THE FORM 990 AND THEN PROVIDE A COPY OF THE FORM 990 TO ALL BOARD MEMBERS EITHER ELECTRONICALLY OR IN A PAPER FORMAT PRIOR TO FILING. Form 990, Part VI, Line 12c Conflict of interest policy ANNUAL REVIEW AND SIGNATURE OF CONFLICT OF INTEREST POLICIES. CONFLICTS THAT ARISE ARE SUMMARIZED AND PROVIDED TO BOARD MEMBERS BY MANAGEMENT SO THAT ANY ISSUES CAN BE RESOLVED. Form 990, Part VI, Line 15a Process to establish compensation of top management official AN OUTSIDE CONSULTANT PROVIDES THE BENCHMARKS FOR THE DIFFERENT TIERS OF EMPLOYEES. THESE FIGURES ARE PROVIDED TO THE BOARD. THE BOARD THEN APPROVES THE BENCHMARKS. THE BOARD APPROVES THE CEO'S SALARY, WHILE THE CEO APPROVES THE DEPARTMENT DIRECTORS' SALARIES BASED ON THE BENCHMARKS AND THE BUDGET APPROVED BY THE BOARD. THESE BENCHMARKS ARE UPDATED EVERY FEW YEARS. THE CEO'S SALARY IS INCLUDED IN AN AGREEMENT BETWEEN THE CEO, TRI-COUNTY, AND C & T ENTERPRISES, INC, A TAXABLE HOLDING COMPANY IN WHICH TRI-COUNTY OWNS 50%. THE CEO AND PRESIDENT OF TRI-COUNTY ALSO SERVE AS THE CEO AND PRESIDENT OF WELLSBORO ELECTRIC COMPANY, A SUBSIDIARY OF C & T ENTERPRISES. THE CEO AND PRESIDENT HAVE A SIMILAR AGREEMENT BETWEEN WELLSBORO AND C & T ENTERPRISES. Form 990, Part VI, Line 15b Process to establish compensation of other employees AN OUTSIDE CONSULTANT PROVIDES THE BENCHMARKS FOR THE DIFFERENT TIERS OF EMPLOYEES. THESE FIGURES ARE PROVIDED TO THE BOARD. THE BOARD THEN APPROVES THE BENCHMARKS. THE BOARD APPROVES THE CEO'S SALARY, WHILE THE CEO APPROVES THE DEPARTMENT DIRECTORS' SALARIES BASED ON THE BENCHMARKS AND THE BUDGET APPROVED BY THE BOARD. THESE BENCHMARKS ARE UPDATED EVERY FEW YEARS. THE CEO'S SALARY IS INCLUDED IN AN AGREEMENT BETWEEN THE CEO, TRI-COUNTY, AND C & T ENTERPRISES, INC, A TAXABLE HOLDING COMPANY IN WHICH TRI-COUNTY OWNS 50%. THE CEO AND PRESIDENT OF TRI-COUNTY ALSO SERVE AS THE CEO AND PRESIDENT OF WELLSBORO ELECTRIC COMPANY, A SUBSIDIARY OF C & T ENTERPRISES. THE CEO AND PRESIDENT HAVE A SIMILAR AGREEMENT BETWEEN WELLSBORO AND C & T ENTERPRISES. Form 990, Part VI, Line 19 Required documents available to the public COPY AVAILABLE AT MAIN OFFICE Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN UNCLAIMED CAPITAL CREDITS - 112147; RETIREMENT OF CAPITAL CREDITS - 226453; PATRONAGE CAPITAL RETIREMENT - -1079000; PATRONAGE CAPITAL ASSIGNABLE - 1103506; EQUITY IN EARNINGS OF SUBSIDARY - 874209; OTHER COMPREHENSIVE INCOME - -389203; TRI-CO CONNECTIONS 22 NORTH MAIN STREET MANSFIELD PA 16933 830817578 BROADBAND PA 6262723 6460274 TRI-CO COOP