2023-08-07T09:25:50-05:00 2022-12-31 FORVIS LLP PO BOX 3667 LITTLE ROCK AR 722033667 990 2022-01-01 240744667 TRI-COUNTY ELECTRIC COOPERATIVE INC % JENNIFER PELLETT TRI- 5706622175 2448 CHARLESTON ROAD MANSFIELD PA 16933 AARON YOUNG CO CEO 5706622175 2023-07-25 true AARON YOUNG 000000000 AMBER SHERRILL P00748683 5013721040 2 2022 2023-04-26 12:10:37Z X AARON YOUNG 2448 CHARLESTON ROAD MANSFIELD PA 16933 37795846 false X WWW.TRI-COUNTYREC.COM X 1937 PA PROVISION OF ELECTRICITY, ON A COOPERATIVE BASIS, TO MEMBERS IN RURAL PENNSYLVANIA 9 9 43 5 0 0 1155225 1152887 33775366 35858629 17495 80169 -1909158 576274 33038928 37667959 0 0 2629990 966322 796088 1448199 0 0 0 30318072 35472273 33744150 37886794 -705222 -218835 151909574 180633670 100784082 128492927 51125492 52140743 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 false true false 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 135 0 true 43 true false false false false false 34112018 1901811 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 AARON YOUNG CO-CEO STARTING 5/23/2022 40.0 0.0 X 172461 0 71730 RACHEL HAUSER CO-CEO STARTING 5/23/2022 40.0 0.0 X 148736 0 66295 ERIC MCROBERTS DIRECTOR OF OPERATIONS 40.0 0.0 X 127026 0 73918 JOSEPH MICKEY CHIEF LINEMAN 40.0 0.0 X 133754 0 66778 JUSTIN EARLE CHIEF LINEMAN 40.0 0.0 X 131724 0 60413 GARY BALL SERVICEMAN LINEMAN 40.0 0.0 X 127617 0 59563 ROBERT RUMSEY SERVICEMAN LINEMAN 40.0 0.0 X 131818 0 54340 BRYCE NORTON SERVICEMAN LINEMAN 40.0 0.0 X 120591 0 65055 AIMEE HOBWOOD DIRECTOR OF FINANCIAL SVCS 40.0 0.0 X 100560 0 58328 JENNIFER PELLETT DIRECTOR OF FINANCIAL SVCS 40.0 0.0 X 113186 0 39461 BRIAN WHITE OPERATIONS SUPERVISOR 40.0 0.0 X 101321 0 46040 KEVIN BROWNLEE CEO/PRESIDENT THROUGH 2/22/22 40.0 0.0 X 90087 0 33087 BYRON FARNSWORTH INTERIM PRESIDENT 40.0 0.0 X 22033 0 7431 GERALD KRINER CHAIRMAN 4.0 0.0 X X 28250 0 0 VALERY ROBBINS VICE CHAIRMAN 4.0 0.0 X X 24750 0 0 JEROME SASALA DIRECTOR 4.0 0.0 X 24250 0 0 NICHOLAS REITTER DIRECTOR 4.0 0.0 X 18250 0 0 LOWELL GEISER TREASURER 4.0 0.0 X X 17500 0 0 JAMES DAVIS DIRECTOR 4.0 0.0 X 17250 0 0 MATTHEW WHITING DIRECTOR 4.0 0.0 X 16250 0 0 ALFRED CALKINS DIRECTOR 4.0 0.0 X X 15250 0 0 JANET TEETER DIRECTOR 4.0 0.0 X 14750 0 0 1697414 0 702439 25 false true false BNF POWERLINE CONSTRUCTION INC 361 BRUMBAUGH ROAD ROARING SPRING PA 16673 CONSTRUCTION 2803842 HENKELS AND MCCOY INC 2268 COLLECTION CENTER DRIVE CHICAGO IL 60693 CONSTRUCTION 4745709 LECHASE CONSTRUCTION SERVICES 11849 E CORNING RD SUITE 102 CORNING NY 14830 CONSULTING 7746890 PATRIOT LINE CLEARING 1975 PA ROUTE 309 ALLENTOWN PA 18104 ROW CLEARING 2573248 GRAYBAR 12444 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 STORAGE 3956921 5 X 1152887 1152887 SALES OF ELECTRIC ENERGY 221000 34078985 34078985 G & T CAPITAL CREDITS 221000 1779644 1779644 35858629 74621 74621 0 0 511544 0 511544 511544 511544 123134 117586 5548 5548 5548 0 0 0 0 0 0 33033 10301 22732 22732 PREA LEEP PROGRAM 900099 10346 10346 PA GROSS RECEIPTS RECOVERY SURCHARGE 900099 29841 29841 MISCELLANEOUS INCOM 900099 1811 1811 41998 37667959 35858629 656443 0 0 0 966322 1448199 0 0 0 0 0 0 34252 0 0 0 0 42530 214428 0 0 0 0 0 0 0 4321599 0 4585015 0 COST OF ELECTRIC POWER 12946974 DISTRIBUTION EXPENSE 8810842 Administrative & General 3285191 CONSUMER ACCOUNTS 763558 467884 37886794 519037 271509 5595535 1858142 0 0 4591852 4699612 0 0 0 0 0 0 1510284 2265512 354429 346294 185466458 44852643 110452857 140613815 0 0 0 0 27495914 29590989 120151 103767 1269515 884030 151909574 180633670 5611472 6755675 0 0 0 3086990 0 0 0 0 0 0 94700326 118165510 0 0 472284 484752 100784082 128492927 X 0 0 0 0 51125492 52140743 51125492 52140743 151909574 180633670 X -218835 1234086 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3343126 3343126 9793142 2235244 7557898 0 0 0 137608741 42617399 94991342 34721449 0 34721449 140613815 INVESTMENTS IN ASSOCIATED ORGS 29590989 C 29590989 0 POST RETIREMENT OBLIGATIONS 143739 DEFERRED CREDITS 205574 LEASES 135439 484752 38601562 950925 950925 37650637 17322 17322 37667959 36903150 36903150 983644 983644 37886794 FORM 990, 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. FORM 990, SCHEDULE D, PART XI, LINE 2D EQUITY IN EARNINGS OF SUBSIDIARY $950,925 FORM 990, SCHEDULE D, PART XI, LINE 4B EXPENSE INCLUDED IN REVENUE PER AUDIT $17,322 FORM 990, SCHEDULE D, PART XII, LINE 4B PARTONAGE CAPITAL ALLOCATED $966,322 EXPENSE INCLUDED IN REVENUE PER AUDIT 17,322 ------------- TOTAL $983,644 X X X false false false JENNIFER PELLETT DIRECTOR OF FINANCIAL SVCS 109886 0 3300 0 0 0 5391 0 34070 0 152647 0 0 0 RACHEL HAUSER CO-CEO STARTING 5/23/2022 140817 0 7919 0 0 0 29779 0 36516 0 215031 0 0 0 AIMEE HOBWOOD DIRECTOR OF FINANCIAL SVCS 94733 0 5827 0 0 0 26989 0 31339 0 158888 0 0 0 ERIC MCROBERTS DIRECTOR OF OPERATIONS 123463 0 3563 0 0 0 34029 0 39889 0 200944 0 0 0 AARON YOUNG CO-CEO STARTING 5/23/2022 162759 0 9702 0 0 0 28409 0 43321 0 244191 0 0 0 JUSTIN EARLE CHIEF LINEMAN 87195 0 0 0 44529 0 21893 0 38520 0 192137 0 0 0 ROBERT RUMSEY SERVICEMAN LINEMAN 86443 0 0 0 45375 0 22433 0 31907 0 186158 0 0 0 JOSEPH MICKEY CHIEF LINEMAN 93203 0 0 0 40551 0 25355 0 41423 0 200532 0 0 0 BRYCE NORTON SERVICEMAN LINEMAN 91648 0 0 0 28943 0 24411 0 40644 0 185646 0 0 0 GARY BALL SERVICEMAN LINEMAN 93487 0 0 0 34130 0 23932 0 35631 0 187180 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE RURAL ELECTRIC COOPERATIVE ARE CONSUMERS OF ELECTRICITY. FORM 990, PART VI, SECTION A, LINE 7A GOVERNING BODY IS ELECTED BY MEMBERS BY BALLOT VOTE. FORM 990, PART VI, SECTION B, LINE 11B 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, SECTION B, LINE 12C 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, SECTION B, LINE 15A & 15B 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, SECTION C, LINE 19 COPY AVAILABLE AT MAIN OFFICE FORM 990, PART XI, LINE 9 CHANGE IN UNCLAIMED CAPITAL CREDITS (14,542) RETIREMENT OF CAPITAL CREDITS 304,893 PATRONAGE CAPITAL RETIREMENT (1,039,697) PATRONAGE CAPITAL ASSIGNABLE 966,322 EQUITY IN EARNINGS OF SUBSIDIARY 950,925 OTHER COMPREHENSIVE LOSS 66,185 -------------- TOTAL 1,234,086 TRI-CO CONNECTIONS 22 NORTH MAIN STREET MANSFIELD PA 16933 830817578 BROADBAND PA 3932882 4878970 TRI-CO COOP