2023-10-31T13:13:33-04:00 2023-06-30 620808829 WINNETT ASSOCIATES PLLC PO BOX 745 SHELBYVILLE TN 371620745 990 2022-07-01 620186725 DUCK RIVER ELECTRIC MEMBERSHIP CORP DUCK 9316844621 PO BOX 89 SHELBYVILLE TN 37162 MICHELLE HERRMAN VICE PRESIDENT / CFO 9316844621 2023-10-24 true MICHELLE HERRMAN 999009999 true PATRICK R LILE P01067422 9316847142 2023-10-27 X 2022 2023-04-26 12:10:37Z SCOTT SPENCE PO BOX 89 SHELBYVILLE TN 37162 235445434 false X WWW.DREMC.COM X 1936 TN RURAL ELECTRIC DISTRIBUTION TO 82,871 MEMBERS LOCATED PRIMARILY IN BEDFORD, COFFEE, FRANKLIN, GILES, MARSHALL, MAURY AND MOORE COUNTIES IN MIDDLE TENNESSEE. 13 13 205 0 0 218742853 234525207 311560 629004 317355 291223 219371768 235445434 0 10459421 7121912 17870173 18906814 0 0 191042174 209416708 219371768 235445434 0 294861810 297457935 157512444 150676614 137349366 146781321 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. false false 235445434 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. 235445434 false false true false false false false false false true false false false true false true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 119 0 205 true false false false false false 232478260 920227 false false false X 13 13 false false false false true true true true true false false true true true true true true true true false X X MICHELLE HERRMAN 9316844621 305 LEARNING WAY SHELBYVILLE TN 37160 BARRY COOPER CHAIRMAN 4.96 X X 19940 0 0 BUFORD JENNINGS VICE CHAIRMA 3.04 X X 10270 0 0 DANA SALTERS SECRETARY 2.03 X X 15430 0 0 ANTHONY KIMBROUGH TREASURER 3.28 X X 10610 0 0 JAMES BRENT WILLIS DIRECTOR 3.81 X 14560 0 0 BAXTER WHITE DIRECTOR 4.10 X 13070 0 0 PHILIP DUNCAN DIRECTOR 5.22 X 15060 0 0 MIKE ENGLAND DIRECTOR 3.58 X 10590 0 0 WAYNE TUCKER DIRECTOR 3.44 X 11320 0 0 LYN STACEY DIRECTOR 3.88 X 10910 0 0 MARK WEBB DIRECTOR 3.18 X 13410 0 0 WILLIAM WILSON DIRECTOR 5.00 X 17680 0 0 WILLIAM HENLEY DIRECTOR 2.48 X 10240 0 0 SCOTT SPENCE PRESIDENT & 63.00 X 322574 0 79969 MICHELLE HERRMAN VICE PRESIDE 48.00 X 0 0 0 JAMES BATES FINANCIAL CO 48.00 X 124332 0 20883 WILLIAM TILLER VP ENGINEERI 50.00 X 182508 0 31539 TROY CROWELL SENIOR DIREC 50.00 X 155192 0 101077 HEATH FITZGERALD LINEMAN 50.00 X 145581 0 14430 JEFF MCCLENDON FIELD ENGINE 40.00 X 143109 0 38310 JEFF HOCKADAY OPERATIONS S 55.00 X 142776 0 58706 SEAN SCHELLER WORKING FORE 50.00 X 142333 0 33749 1531495 378663 71 false true false LEWIS TREE SERVICE 300 LUCIUS GORDON DR WEST HENRIETTA NY 14586 TREE TRIMING 6226290 HBH HOLDINGS INC BROADWAY ELECTRIC SVC CORP 1800 N CENTRAL STREET KNOXVILLE TN 37917 CONSTRUCTION 4159921 CORBITT POWER & LIGHT LLC PO BOX 2368 ALBERTVILLE AL 35950 CONSTRUCTION 2452338 TAYLOR ELECTRIC INC 5592 WALL TRIANA HIGHWAY MADISON AL 35758 CONSTRUCTION 1630372 ARBOR SENSE LLC 520 MINERAL TRACE SUITE C HOOVER AL 35244 TREE TRIMMING 1388732 19 SALE OF ELECTRICITY 221000 228150485 228150485 MISCELLANEOUS 221000 4327775 4327775 POLE RENTAL 531190 1877753 1877753 DARK FIBER 531190 169194 169194 234525207 629004 629004 PATRONAGE CAPITAL REFUND 221000 291223 291223 291223 235445434 232769483 2675951 7121912 1063573 10784654 4092358 2054202 912027 40063 37776 223729 146567 365233 204134 320205 3013080 12170132 394012 COST OF ELECTRICITY SOLD 170847322 DISTRIB. MAINTENANCE EXP. 13533799 DISTRIB. OPERATIONS EXP. 4504234 CUSTOMER ACCOUNTS EXPENSE 2295406 1321016 235445434 0 0 0 1641741 1225330 25087454 12886454 14377753 12608013 3166575 3216058 3876733 4259412 314026 251154 387709014 133077389 237289260 254631625 9108268 8379889 294861810 297457935 34167242 31799371 80000915 76364668 43344287 42512575 157512444 150676614 X 839510 847840 136509856 145933481 137349366 146781321 294861810 297457935 X 0 9431955 X false true X true false 9630 9630 9630 true TENNESSEE ACTION COMMITTEE FOR RURAL ELECTRIFICATION PO BOX 100912 NASHVILLE TN 37224 620925545 9630 SCHEDULE C, PART I-A, LINE 1 THE ORGANIZATION CONTRIBUTED FUNDS TO THE TENNESSEE ACTION COMMITTEE FOR RURAL ELECTRIFICATION (A STATE AND LOCAL POLITICAL ACTION COMMITTEE). 2764954 2764954 17836182 6186716 11649466 43720485 25235357 18485128 323387393 101655316 221732077 254631625 POSTRETIREMENT BENEFITS 21370943 CUSTOMER DEPOSITS 9417487 ADVANCES FOR CONSTRUCTION 8591052 OTHER LIABILITIES 3133093 42512575 235445434 235445434 235445434 228323522 228323522 7121912 7121912 235445434 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. X true true X X X X X X false false false SCOTT SPENCE PRESIDENT & CEO 318578 3996 52275 27694 402543 WILLIAM TILLER VP ENGINEERING 168822 13686 31539 214047 TROY CROWELL SENIOR DIRECTOR LW 152272 2920 75812 25265 256269 HEATH FITZGERALD LINEMAN 145373 208 5222 9208 160011 JEFF MCCLENDON FIELD ENGINEER 61329 1299 80481 22936 15374 181419 JEFF HOCKADAY OPERATIONS SUPERVISO 136611 6165 47356 11350 201482 SEAN SCHELLER WORKING FOREMAN 141867 466 10724 23025 176082 SCHEDULE J, PART III 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. 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