TRI-COUNTY ELECTRIC COOPERATIVE: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- TRI-COUNTY ELECTRIC COOPERATIVE (EIN 37-0555013)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-10-24
- IRS object ID
- 202442989349301704
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-10-24T13:54:12-04:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 743040374 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Kelso Lynch PC PA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6700 Squibb Rd Ste 215 | AddressLine1Txt |
| City | Mission | CityNm |
| State Abbreviation | KS | StateAbbreviationCd |
| ZIP | 662023252 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 370555013 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Tri-County Electric Cooperative Inc | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | TRI- | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3906 Broadway St | AddressLine1Txt |
| City | Mount Vernon | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 62864 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Luke Johnson | PersonNm |
| Person Title | General Manager | PersonTitleTxt |
| Phone | 6182445151 | PhoneNum |
| Signature | 2024-09-18 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | George Lynch | PreparerPersonNm |
| PTIN | P00187596 | PTIN |
| Phone | 9138311150 | PhoneNum |
| Preparation | 2024-10-24 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Luke Johnson | PrincipalOfficerNm |
| Gross Receipts | $51,742,312 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | www.tricountycoop.com | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1938 | FormationYr |
| Legal Domicile State | IL | LegalDomicileStateCd |
| Activity Or Mission | To safely provide our member-owners with reliable electric service, superior customer service and practical energy solutions, all at reasonable prices. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 52 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $48,865,098 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $51,497,822 | CYProgramServiceRevenueAmt |
| PY Investment Income | $217,622 | PYInvestmentIncomeAmt |
| CY Investment Income | $171,339 | CYInvestmentIncomeAmt |
| PY Other Revenue | $55,337 | PYOtherRevenueAmt |
| CY Other Revenue | $73,151 | CYOtherRevenueAmt |
| PY Total Revenue | $49,138,057 | PYTotalRevenueAmt |
| CY Total Revenue | $51,742,312 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $2,405,773 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $3,643,999 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,000,573 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,513,883 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $44,731,711 | PYOtherExpensesAmt |
| CY Other Expenses | $46,584,430 | CYOtherExpensesAmt |
| PY Total Expenses | $49,138,057 | PYTotalExpensesAmt |
| CY Total Expenses | $51,742,312 | CYTotalExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $137,759,807 | TotalAssetsBOYAmt |
| Total Assets EOY | $141,174,891 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $78,221,807 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $77,366,484 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $59,538,000 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $63,808,407 | NetAssetsOrFundBalancesEOYAmt |
| Mission | To safely provide our member-owners with reliable electric service, superior customer service and practical energy solutions, all at reasonable prices. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | Tri-County Electric Cooperative, Inc. is an electric distribution cooperative that provided service to approximately 16,500 members. With over 3,400 miles of electric distribution lines, Tri-County serves its members who are located primarily in the counties of Jefferson, Marion, and Washington in Illinois. | Desc |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (true) | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 168 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 52 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Members And Shr Gross Income | $50,598,084 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $2,262,633 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Christine Harris | PersonNm |
| Phone | 6182445151 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3906 Broadway St | AddressLine1Txt |
| City | Mount Vernon | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 62864 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|
| Luke Johnson | ||||||||
| General Manager | 45.00 | 0.00 | Yes (X) | $203,807 | $0 | $129,257 | ||
| Brad Ahlers | ||||||||
| Foreman | 48.00 | 0.00 | $143,763 | $0 | $73,845 | Yes (X) | ||
| Jeffrey C Hope | ||||||||
| Foreman | 49.00 | 0.00 | $152,127 | $0 | $54,491 | Yes (X) | ||
| Shannon Davis | ||||||||
| Serviceman | 49.00 | 0.00 | $149,565 | $0 | $47,630 | Yes (X) | ||
| Brannon Dasch | ||||||||
| Foreman | 49.00 | 0.00 | $151,865 | $0 | $34,737 | Yes (X) | ||
| Christian Kinder | ||||||||
| Serviceman | 48.00 | 0.00 | $144,048 | $0 | $38,370 | Yes (X) | ||
| Christine Harris | ||||||||
| Supervisor of Accounting | 43.00 | 0.00 | Yes (X) | $105,530 | $0 | $45,848 | ||
| Phil Carson | ||||||||
| Director | 3.00 | 0.00 | $7,100 | $0 | $0 | Yes (X) | ||
| Michelle Barbee | ||||||||
| Director | 4.00 | 0.00 | $5,200 | $0 | $0 | Yes (X) | ||
| Larry Manning | ||||||||
| Director | 1.00 | 0.00 | $4,500 | $0 | $0 | Yes (X) | ||
| Sam Phillips | ||||||||
| Director | 1.00 | 0.00 | $4,200 | $0 | $0 | Yes (X) | ||
| Tom Beyers | ||||||||
| Director | 2.00 | 0.00 | $3,900 | $0 | $0 | Yes (X) | ||
| Kathy Withers | ||||||||
| Director | 1.00 | 0.00 | $3,900 | $0 | $0 | Yes (X) | ||
| Donnie Laird | ||||||||
| Director | 1.00 | 0.00 | $3,900 | $0 | $0 | Yes (X) | ||
| Jordan Brink | ||||||||
| Director | 1.00 | 0.00 | $3,300 | $0 | $0 | Yes (X) | ||
| Doug Knolhoff | ||||||||
| Director | 1.00 | 0.00 | $3,000 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,089,705 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $424,178 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 25 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Asplundh Tree Expert Co | |||||
| 708 Blair Mill Rd | Willow Grove | PA | 19090 | Tree Trimming | $1,339,430 |
| Nussmeyer Tree Services LLC | |||||
| 3219 Greenbrier Ln | Clay City | IL | 62824 | Tree Trimming | $813,013 |
| Henkels McCoy Inc | |||||
| 1620 N Broadway | Salem | IL | 62881 | Electric Line | $130,044 |
| Osmose Utility Services Inc | |||||
| PO Box 736729 | Dallas | TX | 753736729 | Inspect Poles | $299,948 |
| National Information Solutions | |||||
| 1 Innovation Circle | Lake Saint Louis | MO | 63367 | Software Provider | $321,646 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Sale of Electricity | 221000 | $49,516,082 | $49,516,082 |
| Capital Credits | 221000 | $1,605,773 | $1,605,773 |
| Miscellaneous | 221000 | $375,967 | $375,967 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $51,497,822 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $169,837 | TotalRevenueColumnAmt |
| Exclusion | $169,837 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $52,569 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Personal | $52,569 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $52,569 | TotalRevenueColumnAmt |
| Exclusion | $52,569 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $1,502 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $1,502 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,502 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,502 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Non-Operating | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $20,582 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $20,582 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $20,582 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $51,742,312 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $51,519,906 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $222,406 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,643,999 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $523,443 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $990,440 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,115,338 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,484,836 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| Cost of Power | $31,195,101 | $31,195,101 |
| Distribution Expense | $5,095,424 | $5,095,424 |
| Admin & General | $1,690,884 | $1,690,884 |
| Member Services | $851,451 | $851,451 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $151,396 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $51,742,312 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,971,910 | BOYAmt |
| EOY | $4,927,391 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,405,521 | BOYAmt |
| EOY | $4,261,344 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,167,695 | BOYAmt |
| EOY | $1,100,620 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $491,158 | BOYAmt |
| EOY | $535,637 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $157,908,480 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $50,623,720 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $105,050,709 | BOYAmt |
| EOY | $107,284,760 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,672,814 | BOYAmt |
| EOY | $23,065,139 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $137,759,807 | BOYAmt |
| EOY | $141,174,891 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,806,013 | BOYAmt |
| EOY | $7,045,039 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,391,730 | BOYAmt |
| EOY | $4,406,302 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $64,717,064 | BOYAmt |
| EOY | $65,608,330 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $307,000 | BOYAmt |
| EOY | $306,813 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $78,221,807 | BOYAmt |
| EOY | $77,366,484 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,182,994 | BOYAmt |
| EOY | $3,148,901 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $58,355,006 | BOYAmt |
| EOY | $60,659,506 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $59,538,000 | BOYAmt |
| EOY | $63,808,407 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $137,759,807 | BOYAmt |
| EOY | $141,174,891 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $0 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $4,270,407 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $367,369 | OtherCostOrOtherBasisAmt |
| Book Value | $367,369 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,631,517 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,879,280 | DepreciationAmt |
| Book Value | $2,752,237 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $151,909,594 | OtherCostOrOtherBasisAmt |
| Depreciation | $47,744,440 | DepreciationAmt |
| Book Value | $104,165,154 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $107,284,760 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| Investment in Associated Organizati | $21,502,705 | C |
| Subordinated Certificates | $1,531,692 | C |
| Other Investments | $30,742 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $23,065,139 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Postretirement Benefit Obligation | Desc |
| Amt | $306,813 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $306,813 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $51,742,312 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $51,742,312 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $51,742,312 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $48,098,313 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $48,098,313 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $3,643,999 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $3,643,999 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $51,742,312 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Other expenses included on Form 990 (Part XII, line 4b) | Margins Assigned to Members $3,643,999 |
| Footnote for uncertain tax position under FIN 48 (Part X) | An evaluation of whether or not it has any uncertain tax positions isdetermined on an annual basis by the Cooperative. While the Cooperativebelieves it has adequately provided for all tax positions, amounts assertedby taxing authorities could be different than the positions taken by theCooperative. The Cooperative recognizes any interest and penaltiesassessed by taxing authorities in income tax expense and, with fewexceptions, is no longer subject to federal, state or local income taxexaminations by taxing authorities for years before 2020. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|
| Luke Johnson | ||||
| General Manager | $203,807 | $103,536 | $25,721 | $333,064 |
| Christine Harris | ||||
| Supervisor of Accounting | $105,530 | $31,260 | $14,588 | $151,378 |
| Shannon Davis | ||||
| Serviceman | $149,565 | $29,163 | $18,467 | $197,195 |
| Brad Ahlers | ||||
| Foreman | $143,763 | $55,343 | $18,502 | $217,608 |
| Brannon Dasch | ||||
| Foreman | $151,865 | $16,451 | $18,286 | $186,602 |
| Jeffrey C Hope | ||||
| Foreman | $152,127 | $36,001 | $18,490 | $206,618 |
| Christian Kinder | ||||
| Serviceman | $144,048 | $19,909 | $18,461 | $182,418 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (10 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Members or stockholder classes and rights Part VI line 6 | Tri-County is a member owned electric Cooperative. |
| Member election for additional members Part VI line 7a | Each member shall be entitled to only one vote and all board members are elected by the membership. |
| Governing body decisions Part VI line 7b | Cooperative members ratify all bylaw changes. |
| Form 990 governing body review Part VI line 11 | The Supervisor of Accounting reviews and verifies that figures agree to the Cooperatives records and the General Manager reviews for reasonableness before distributing to the Board of Directors. The Board is given the opportunity to review and ask questions before filing. |
| Conflict of interest policy compliance Part VI line 12c | Conflict of interest forms ar completed by employees and board members annually. |
| CEO executive director top management comp Part VI line 15a | Tri-County Electric Cooperative uses the NRECA compensation survey and Illinois Employer Association wage survey as a guide. |
| Other officer or key employee compensation Part VI line 15b | Tri-County Electric Cooperative uses the NRECA compensation survey and Illinois Employer Association wage survey as a guide. |
| Governing documents etc available to public Part VI line 19 | Bylaws are offered to all new members and all other documents are available upon request. Bylaws are also published on our website. Financial statements are published annually in our monthly newsletter that is mailed or emailed to members as well as published on our website. |
| Explanation of other changes in net assets or fund balances Part XI line 9 | Margins Assigned to Member $ 3,643,999Other Changes $ 1,759,768Retirement of Capital Credits $ -1,133,360 Total $ 4,270,407 |
| Part IX response or note to any line in Part IX | Form 990, Part IX, Line 4The instructions to the 2023 Form 990 indicate that organizations exempt under Section 501(c)(12) should report patronage dividends paid to their members in Part IX, Line 4 of the Form 990. The Cooperative has interpreted the words patronage dividends paid in the instructions to mean margins that are assigned or assignable to the members. The Cooperative assigns the net margins to its members each year. Therefore, the amount listed in Part IX, Line 4 represents the net margins assignable to the members for the calendar year ended December 31, 2023. |