DUCK RIVER ELECTRIC MEMBERSHIP CORPORATION: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization: DUCK RIVER ELECTRIC MEMBERSHIP CORPORATION (EIN 62-0186725)
Tax period: 2022-07-01 to 2023-06-30
Filed: 2023-10-31
IRS object ID: 202333049349301533
Schema version: 2022v5.0
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
Form 990
Schedule C
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2023-10-31T13:13:33-04:00	ReturnTs
Tax Period End	2023-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	620808829	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	WINNETT ASSOCIATES PLLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 745	AddressLine1Txt
City	SHELBYVILLE	CityNm
State Abbreviation	TN	StateAbbreviationCd
ZIP	371620745	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2022-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	620186725	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	DUCK RIVER ELECTRIC MEMBERSHIP CORP	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	DUCK	BusinessNameControlTxt
Phone	9316844621	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 89	AddressLine1Txt
City	SHELBYVILLE	CityNm
State Abbreviation	TN	StateAbbreviationCd
ZIP	37162	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	MICHELLE HERRMAN	PersonNm
Person Title	VICE PRESIDENT / CFO	PersonTitleTxt
Phone	9316844621	PhoneNum
Signature	2023-10-24	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	MICHELLE	PersonFirstNm
Person Last	HERRMAN	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

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	PATRICK R LILE	PreparerPersonNm
PTIN	P01067422	PTIN
Phone	9316847142	PhoneNum
Preparation	2023-10-27	PreparationDt
Self Employed	Yes (X)	SelfEmployedInd

Field	Value	IRS element (for citing)
Tax	2022	TaxYr
Build TS	2023-04-26 12:10:37Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	SCOTT SPENCE	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 89	AddressLine1Txt
City	SHELBYVILLE	CityNm
State Abbreviation	TN	StateAbbreviationCd
ZIP	37162	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$235,445,434	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.DREMC.COM	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1936	FormationYr
Legal Domicile State	TN	LegalDomicileStateCd
Activity Or Mission	RURAL ELECTRIC DISTRIBUTION TO 82,871 MEMBERS LOCATED PRIMARILY IN BEDFORD, COFFEE, FRANKLIN, GILES, MARSHALL, MAURY AND MOORE COUNTIES IN MIDDLE TENNESSEE.	ActivityOrMissionDesc
Voting Members Governing Body	13	VotingMembersGoverningBodyCnt
Voting Members Independent	13	VotingMembersIndependentCnt
Total Employee	205	TotalEmployeeCnt
Total Gross UBI	$0	TotalGrossUBIAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$218,742,853	PYProgramServiceRevenueAmt
CY Program Service Revenue	$234,525,207	CYProgramServiceRevenueAmt
PY Investment Income	$311,560	PYInvestmentIncomeAmt
CY Investment Income	$629,004	CYInvestmentIncomeAmt
PY Other Revenue	$317,355	PYOtherRevenueAmt
CY Other Revenue	$291,223	CYOtherRevenueAmt
PY Total Revenue	$219,371,768	PYTotalRevenueAmt
CY Total Revenue	$235,445,434	CYTotalRevenueAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$10,459,421	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$7,121,912	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$17,870,173	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$18,906,814	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$191,042,174	PYOtherExpensesAmt
CY Other Expenses	$209,416,708	CYOtherExpensesAmt
PY Total Expenses	$219,371,768	PYTotalExpensesAmt
CY Total Expenses	$235,445,434	CYTotalExpensesAmt
CY Revenues Less Expenses	$0	CYRevenuesLessExpensesAmt
Total Assets BOY	$294,861,810	TotalAssetsBOYAmt
Total Assets EOY	$297,457,935	TotalAssetsEOYAmt
Total Liabilities BOY	$157,512,444	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$150,676,614	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$137,349,366	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$146,781,321	NetAssetsOrFundBalancesEOYAmt
Mission	THE COOPERATIVE EXISTS TO DELIVER RELIABLE ELECTRICITY AT THE LOWEST POSSIBLE COST, TO PROMOTE ECONOMIC DEVELOPMENT AND TO ENHANCE THE QUALITY OF LIFE FOR ITS MEMBERS.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$235,445,434	ExpenseAmt
Desc	PROVIDING ELECTRIC SERVICE TO 82,871 MEMBERS PRIMARILY IN BEDFORD, COFFEE, FRANKLIN, GILES, MARSHALL, MAURY AND MOORE COUNTIES IN MIDDLE TENNESSEE SINCE THE FORMATION OF THE COOPERATIVE IN MAY OF 1936.	Desc
Total Program Service Expenses	$235,445,434	TotalProgramServiceExpensesAmt
Described In Section501c3	false	DescribedInSection501c3Ind
Schedule B Required	false	ScheduleBRequiredInd
Political Campaign Acty	Yes (true)	PoliticalCampaignActyInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
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	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	Yes (true)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	false	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	119	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	205	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	$232,478,260	MembersAndShrGrossIncomeAmt
Other Sources Gross Income	$920,227	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	13	GoverningBodyVotingMembersCnt
Independent Voting Member	13	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
Other Website	Yes (X)	OtherWebsiteInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	MICHELLE HERRMAN	PersonNm
Phone	9316844621	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	305 LEARNING WAY	AddressLine1Txt
City	SHELBYVILLE	CityNm
State Abbreviation	TN	StateAbbreviationCd
ZIP	37160	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (22 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
BARRY COOPER
CHAIRMAN	4.96	Yes (X)	Yes (X)	$19,940	$0	$0
BUFORD JENNINGS
VICE CHAIRMA	3.04	Yes (X)	Yes (X)	$10,270	$0	$0
DANA SALTERS
SECRETARY	2.03	Yes (X)	Yes (X)	$15,430	$0	$0
ANTHONY KIMBROUGH
TREASURER	3.28	Yes (X)	Yes (X)	$10,610	$0	$0
JAMES BRENT WILLIS
DIRECTOR	3.81	Yes (X)		$14,560	$0	$0
BAXTER WHITE
DIRECTOR	4.10	Yes (X)		$13,070	$0	$0
PHILIP DUNCAN
DIRECTOR	5.22	Yes (X)		$15,060	$0	$0
MIKE ENGLAND
DIRECTOR	3.58	Yes (X)		$10,590	$0	$0
WAYNE TUCKER
DIRECTOR	3.44	Yes (X)		$11,320	$0	$0
LYN STACEY
DIRECTOR	3.88	Yes (X)		$10,910	$0	$0
MARK WEBB
DIRECTOR	3.18	Yes (X)		$13,410	$0	$0
WILLIAM WILSON
DIRECTOR	5.00	Yes (X)		$17,680	$0	$0
WILLIAM HENLEY
DIRECTOR	2.48	Yes (X)		$10,240	$0	$0
SCOTT SPENCE
PRESIDENT &	63.00		Yes (X)	$322,574	$0	$79,969
MICHELLE HERRMAN
VICE PRESIDE	48.00		Yes (X)	$0	$0	$0
JAMES BATES
FINANCIAL CO	48.00		Yes (X)	$124,332	$0	$20,883
WILLIAM TILLER
VP ENGINEERI	50.00			$182,508	$0	$31,539	Yes (X)
TROY CROWELL
SENIOR DIREC	50.00			$155,192	$0	$101,077		Yes (X)
HEATH FITZGERALD
LINEMAN	50.00			$145,581	$0	$14,430		Yes (X)
JEFF MCCLENDON
FIELD ENGINE	40.00			$143,109	$0	$38,310		Yes (X)
JEFF HOCKADAY
OPERATIONS S	55.00			$142,776	$0	$58,706		Yes (X)
SEAN SCHELLER
WORKING FORE	50.00			$142,333	$0	$33,749		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,531,495	TotalReportableCompFromOrgAmt
Total Other Compensation	$378,663	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	71	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	Business Name Line2ContractorName/BusinessName/BusinessNameLine2Txt
LEWIS TREE SERVICE
300 LUCIUS GORDON DR	WEST HENRIETTA	NY	14586	TREE TRIMING	$6,226,290
HBH HOLDINGS INC
1800 N CENTRAL STREET	KNOXVILLE	TN	37917	CONSTRUCTION	$4,159,921	BROADWAY ELECTRIC SVC CORP
CORBITT POWER & LIGHT LLC
PO BOX 2368	ALBERTVILLE	AL	35950	CONSTRUCTION	$2,452,338
TAYLOR ELECTRIC INC
5592 WALL TRIANA HIGHWAY	MADISON	AL	35758	CONSTRUCTION	$1,630,372
ARBOR SENSE LLC
520 MINERAL TRACE SUITE C	HOOVER	AL	35244	TREE TRIMMING	$1,388,732

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	19	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	ExclusionExclusionAmt
SALE OF ELECTRICITY	221000	$228,150,485	$228,150,485
MISCELLANEOUS	221000	$4,327,775	$4,327,775
POLE RENTAL	531190	$1,877,753		$1,877,753
DARK FIBER	531190	$169,194		$169,194

Field	Value	IRS element (for citing)
Total Program Service Revenue	$234,525,207	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$629,004	TotalRevenueColumnAmt
Exclusion	$629,004	ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

Field	Value	IRS element (for citing)
Desc	PATRONAGE CAPITAL REFUND	Desc
Business	221000	BusinessCd
Total Revenue Column	$291,223	TotalRevenueColumnAmt
Related Or Exempt Func Income	$291,223	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$291,223	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$235,445,434	TotalRevenueColumnAmt
Related Or Exempt Func Income	$232,769,483	RelatedOrExemptFuncIncomeAmt
Exclusion	$2,675,951	ExclusionAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$7,121,912	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$1,063,573	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$10,784,654	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$4,092,358	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$2,054,202	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$912,027	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$40,063	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$37,776	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$223,729	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$146,567	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$365,233	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$204,134	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$320,205	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$3,013,080	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$12,170,132	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$394,012	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
COST OF ELECTRICITY SOLD	$170,847,322
DISTRIB. MAINTENANCE EXP.	$13,533,799
DISTRIB. OPERATIONS EXP.	$4,504,234
CUSTOMER ACCOUNTS EXPENSE	$2,295,406

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,321,016	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$235,445,434	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	$1,641,741	BOYAmt
EOY	$1,225,330	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$25,087,454	BOYAmt
EOY	$12,886,454	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$14,377,753	BOYAmt
EOY	$12,608,013	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$3,166,575	BOYAmt
EOY	$3,216,058	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$3,876,733	BOYAmt
EOY	$4,259,412	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$314,026	BOYAmt
EOY	$251,154	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$387,709,014	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$133,077,389	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$237,289,260	BOYAmt
EOY	$254,631,625	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$9,108,268	BOYAmt
EOY	$8,379,889	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$294,861,810	BOYAmt
EOY	$297,457,935	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$34,167,242	BOYAmt
EOY	$31,799,371	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$80,000,915	BOYAmt
EOY	$76,364,668	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$43,344,287	BOYAmt
EOY	$42,512,575	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$157,512,444	BOYAmt
EOY	$150,676,614	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$839,510	BOYAmt
EOY	$847,840	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$136,509,856	BOYAmt
EOY	$145,933,481	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$137,349,366	BOYAmt
EOY	$146,781,321	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$294,861,810	BOYAmt
EOY	$297,457,935	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	$9,431,955	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
Federal Grant Audit Required	false	FederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Political Expenditures	$9,630	PoliticalExpendituresAmt
Internal Funds Contributed	$9,630	InternalFundsContributedAmt
Total Exempt Function Expend	$9,630	TotalExemptFunctionExpendAmt
Form1120 POL Filed	Yes (true)	Form1120POLFiledInd

Section527 Political Org Section527PoliticalOrgGrp

Organization Business Name OrganizationBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	TENNESSEE ACTION COMMITTEE FOR	BusinessNameLine1Txt
Business Name Line2	RURAL ELECTRIFICATION	BusinessNameLine2Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 100912	AddressLine1Txt
City	NASHVILLE	CityNm
State Abbreviation	TN	StateAbbreviationCd
ZIP	37224	ZIPCd

Field	Value	IRS element (for citing)
EIN	620925545	EIN
Paid Internal Funds	$9,630	PaidInternalFundsAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE C, PART I-A, LINE 1	FormAndLineReferenceDesc
Explanation	THE ORGANIZATION CONTRIBUTED FUNDS TO THE TENNESSEE ACTION COMMITTEE FOR RURAL ELECTRIFICATION (A STATE AND LOCAL POLITICAL ACTION COMMITTEE).	ExplanationTxt

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,764,954	OtherCostOrOtherBasisAmt
Book Value	$2,764,954	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$17,836,182	OtherCostOrOtherBasisAmt
Depreciation	$6,186,716	DepreciationAmt
Book Value	$11,649,466	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$43,720,485	OtherCostOrOtherBasisAmt
Depreciation	$25,235,357	DepreciationAmt
Book Value	$18,485,128	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$323,387,393	OtherCostOrOtherBasisAmt
Depreciation	$101,655,316	DepreciationAmt
Book Value	$221,732,077	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$254,631,625	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDesc	AmtAmt
POSTRETIREMENT BENEFITS	$21,370,943
CUSTOMER DEPOSITS	$9,417,487
ADVANCES FOR CONSTRUCTION	$8,591,052
OTHER LIABILITIES	$3,133,093

Field	Value	IRS element (for citing)
Total Liability	$42,512,575	TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt	$235,445,434	TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal	$235,445,434	RevenueSubtotalAmt
Total Revenue Per Form990	$235,445,434	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$228,323,522	TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal	$228,323,522	ExpensesSubtotalAmt
Other Expenses Not Included	$7,121,912	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$7,121,912	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$235,445,434	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
SCHEDULE D, PAGE 4, PART XII, LINE 4B	NET MARGINS ASSIGNED TO MEMBERS: 7,121,912
SCHEDULE D, PAGE 4, PART XIII	NET MARGINS ASSIGNED TO MEMBERS ARE REPORTED ON FORM 990, PART IX, LINE 4. THE COOPERATIVE IS PROHIBITED FROM THE RETIREMENT OF THE MEMBER ASSIGNED MARGINS BY ITS REGULATOR, THE TENNESSEE VALLEY AUTHORITY.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Club Dues Or Fees	Yes (X)	ClubDuesOrFeesInd
Written Policy Ref T And E Expnss	Yes (true)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (true)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Independent Consultant	Yes (X)	IndependentConsultantInd
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
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	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount
SCOTT SPENCE
PRESIDENT & CEO	$318,578	$3,996	$52,275	$27,694	$402,543
WILLIAM TILLER
VP ENGINEERING	$168,822	$13,686	$31,539		$214,047
TROY CROWELL
SENIOR DIRECTOR LW	$152,272	$2,920	$75,812	$25,265	$256,269
HEATH FITZGERALD
LINEMAN	$145,373	$208	$5,222	$9,208	$160,011
JEFF MCCLENDON
FIELD ENGINEER	$61,329	$80,481	$22,936	$15,374	$181,419	$1,299
JEFF HOCKADAY
OPERATIONS SUPERVISO	$136,611	$6,165	$47,356	$11,350	$201,482
SEAN SCHELLER
WORKING FOREMAN	$141,867	$466	$10,724	$23,025	$176,082

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE J, PART III	FormAndLineReferenceDesc
Explanation	SCHEDULE J, PART I, LINE 1A - FRINGE OR EXPENSE EXPLANATION EMPLOYEE REIMBURSEMENT OF HEALTH CLUB MEMBERSHIP DUES ALLOWANCE OF 50% OF DUES PAID TO A MAXIMUM OF 200 PER YEAR PER EMPLOYEE UPON PRESENTATION OF A PAID RECEIPT. NO HEALTH CLUB DUES WERE REIMBURSED TO ANY DIRECTORS.	ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PAGE 6, PART VI, LINE 6	THE COOPERATIVE HAS MEMBERS THAT PAY A 10 MEMBERSHIP FEE WHEN ESTABLISHING METERED SERVICE FOR ELECTRICITY.
FORM 990, PAGE 6, PART VI, LINE 7A	MEMBERS ARE ENTITLED TO VOTE FOR THE DIRECTORS ON THE BALLOT WHO REPRESENT THE SERVICE AREA IN WHICH THE MEMBERS RESIDE.
FORM 990, PAGE 6, PART VI, LINE 7B	DECISIONS TO SELL THE COOPERATIVE REQUIRE MEMBER APPROVAL. CHANGES TO THE BYLAWS MAY BE SUBMITTED FOR MEMBERS APPROVAL.
FORM 990, PAGE 6, PART VI, LINE 11B	THE COOPERATIVE'S BOARD MEMBERS COMPLETED QUESTIONNAIRES WHICH WERE THEN USED FOR THE COMPLETION OF IRS FORM 990. THEN THE BOARD MEMBERS RECEIVED THE FINAL IRS FORM 990 AS PART OF THE MATERIALS FOR BUSINESS CONDUCTED DURING A REGULAR MEETING OF THE BOARD OF DIRECTORS FOR THE MONTH OF OCTOBER 2023.
FORM 990, PAGE 6, PART VI, LINE 12C	ALL BOARD MEMBERS COMPLETED A QUESTIONNAIRE ON VARIOUS MATTERS TO BE USED IN COMPLETING IRS FORM 990. THE QUESTIONNAIRES CONTAINED QUESTIONS PERTAINING TO POTENTIAL CONFLICTS OF INTEREST THAT WOULD REQUIRE DISCLOSURE.
FORM 990, PAGE 6, PART VI, LINE 15A	COMPENSATION FOR THE PRESIDENT AND CEO IS SET BY THE BOARD BASED UPON RECOMMENDATIONS FROM A COMMITTEE CONSISTING OF BOARD OFFICERS AND DIRECTORS. THE COMMITTEE AND THE BOARD RELY ON STUDIES AND REVIEWS, AS WELL AS DATA FROM THE U.S. BUREAU OF LABOR STATISTICS, AND SURVEYS PERFORMED BY VARIOUS TRADE ORGANIZATIONS. THE BOARD, BASED ON RECOMMENDATIONS FROM THE SURVEYS PERFORMED BY VARIOUS TRADE ORGANIZATIONS, AND THE COMMITTEE, SETS THE COMPENSATION FOR THE PRESIDENT AND CEO, APPROVES MERIT POOL DOLLARS, AND A BUDGET ADJUSTMENT THERETO FOR ALL EMPLOYEES. THE PRESIDENT AND CEO THEN MAKES SPECIFIC INDIVIDUAL SALARY DECISIONS FOR THE EMPLOYEES HE SUPERVISES, SPECIFICALLY HIS DIRECT REPORTS.
FORM 990, PAGE 6, PART VI, LINE 15B	THE PRESIDENT AND CEO MAKES SPECIFIC INDIVIDUAL SALARY DECISIONS BASED ON MERIT POOL AND A BUDGET FOR ADJUSTMENT THERETO FOR THE EMPLOYEES HE SUPERVISES, SPECICALLY HIS DIRECT REPORTS.
FORM 990, PAGE 6, PART VI, LINE 19	GOVERNING DOCUMENTS ARE PROVIDED TO ANY MEMBER WHO REQUESTS SUCH DOCUMENTS AT THE COOPERATIVE'S OFFICES. THE GOVERNING DOCUMENTS ARE ALSO POSTED AND AVAILABLE TO ALL MEMBERS AND THE GENERAL PUBLIC ON THE COOPERATIVE'S WEBSITE. THE COOPERATIVE'S FINANCIAL INFORMATION IS PUBLISHED ANNUALLY IN THE TENNESSEE MAGAZINE, WHICH IS A MONTHLY PERIODICAL PROVIDED TO THE COOPERATIVE'S MEMBERSHIP. THE ANNUAL FINANCIAL INFORMATION IS PROVIDED TO EACH MEMBER ATTENDING THE COOPERATIVE'S ANNUAL MEETING.
FORM 990, PART XI, LINE 9	ACTUARIAL GAIN-POSTRETIREMENT BEN OBLIG.-PENSION 86,065 ACTUARIAL GAIN-POSTRETIRMENT BEN OBLIG-HEALTH 187,143 AMORTIZATION-POSTRETIREMENT BEN. OBLIG.-HEALTH PLA 129,464 AMORTIZATION-POSTRETIREMENT BEN. OBLIG.-PENSION 1,899,040 INCREASE IN MEMBERSHIPS 8,330 NET MARGINS ALLOCATED TO MEMBERS 7,121,913 TOTAL 9,431,955