2022-05-13T08:43:04-05:00 2021-06-30 620808829 WINNETT ASSOCIATES PLLC PO BOX 745 SHELBYVILLE TN 371620745 990 2020-07-01 620186725 DUCK RIVER ELECTRIC MEMBERSHIP CORP DUCK 9316844621 PO BOX 89 SHELBYVILLE TN 37162 JAMES BATES VP-FINANCE AND ADMIN 9316844621 2022-05-11 true JAMES BATES XXX-XX-XXXX PATRICK R LILE P01067422 9316847142 2022-05-13 X 2020 2022-09-23 18:48:47Z SCOTT SPENCE P O BOX 89 SHELBYVILLE TN 37162 201125526 false X WWW.DREMC.COM X 1936 TN RURAL ELECTRIC DISTRIBUTION TO 79,473 MEMBERS LOCATED PRIMARILY IN BEDFORD, COFFEE, FRANKLIN, GILES, MARSHALL, MAURY AND MOORE COUNTIES IN MIDDLE TENNESSEE. 12 11 198 0 0 196294624 200460879 591501 417239 349398 241926 197235523 201120044 0 8246372 8222673 16695638 19880792 0 0 172293513 173016579 197235523 201120044 0 268690729 281178497 145062709 148284017 123628020 132894480 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 201120044 PROVIDING ELECTRIC SERVICE TO 79,473 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. 201120044 false false false 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 true false false false false false false false false false false true 114 0 198 true false false false false false 198583186 659165 false false false X 12 11 true false false false true true true true true false false true true true true true true true true false X X X JAMES BATES 9316844621 305 LEARNING WAY SHELBYVILLE TN 37160 BARRY COOPER CHAIRMAN 4.69 0.00 X X 16940 0 0 DANA SALTERS SECRETARY 5.90 0.00 X X 14010 0 0 BAXTER WHITE DIRECTOR 5.00 0.00 X 13580 0 0 JAMES BRENT WILLIS DIRECTOR 4.30 0.00 X 11900 0 0 PHILIP DUNCAN DIRECTOR 4.55 0.00 X 10780 0 0 MIKE ENGLAND DIRECTOR 6.13 0.00 X 10640 0 0 JOHN MOSES FORMER TREAS 6.50 0.00 X X 10200 0 0 BUFORD JENNINGS VICE CHAIRMA 5.77 0.00 X X 9800 0 0 WAYNE TUCKER DIRECTOR 3.00 0.00 X 9800 0 0 ANTHONY KIMBROUGH TREASURER 2.60 0.00 X X 9320 0 0 LYN STACEY DIRECTOR 3.50 0.00 X 8820 0 0 NELSON CROUCH DIRECTOR 3.00 0.00 X 7330 0 0 MARK WEBB DIRECTOR 1.25 0.00 X 5250 0 0 SCOTT SPENCE PRESIDENT & 62.00 0.00 X 270245 0 43389 SHELIA ORRELL VP-FINANCE A 48.00 0.00 X 175580 0 81286 AMBER WINDINGS ACCOUNTING M 45.00 0.00 X 63150 0 10029 PATRICK JORDAN VP-OPERATION 50.00 0.00 X 176444 0 33901 WILLIAM TILLER VP, ENGINEER 49.00 X 137246 0 21925 JEFF GRAVES ENGINEER MAN 45.00 X 134825 0 107102 JEFFREY HOLT WORKING FORE 49.00 X 133380 0 22267 SEAN SCHELLER WORKING FORE 54.00 X 141023 0 31792 JONATHAN RILEY WORKING FORE 51.00 X 132027 0 30735 1502290 382426 68 false true false HBH HOLDINGS INC 1800 N CENTRAL STREET KNOXVILLE TN 37917 CONSTRUCTION 3057836 W A KENDALL & COMPANY LLC P O BOX 831 LAWRENCEBURG GA 30046 TREE TRIMMING 2860049 SERVICE ELECTRIC COMPANY P O BOX 277790 ATLANTA GA 303847790 CONSTRUCTION 2842987 ELECTRICOM LLC P O BOX 319 PAOLI IN 47454 FIBER 2419925 RW TREE SERVICE 412 WEST 14TH STREET COLUMBIA TN 38401 TREE TRIMMING 952130 19 SALE OF ELECTRICITY 221000 194614692 194614692 MISCELLANEOUS 221000 3968494 3968494 POLE RENTAL 531190 1803586 1803586 DARK FIBER 531190 74107 74107 200460879 307352 307352 115369 5482 109887 109887 109887 PATRONAGE CAPITAL REFUND 221000 241926 241926 241926 201120044 198934999 2185045 8222673 968153 9689068 6131672 2282954 808945 75523 30661 142116 319217 240239 175036 222976 3287494 11076815 408587 COST OF ELECTRICITY SOLD 138514650 DISTRIB. MAINTENANCE EXP. 11134603 DISTRIB. OPERATIONS EXP. 3959791 CUSTOMER ACCOUNTS EXPENSE 1802573 1626298 201120044 0 0 0 932131 840883 25506607 29414468 12083417 13213360 3607604 3467667 2487631 2565318 224532 313712 344138197 120457385 215677734 223680812 8171073 7682277 268690729 281178497 27036215 29320309 87109427 83503061 30917067 35460647 145062709 148284017 X 816600 829900 122811420 132064580 123628020 132894480 268690729 281178497 X 0 9266460 X false true X true true true 2689151 2689151 29466418 15676475 13789943 22340998 11346771 10994227 289641630 93434139 196207491 223680812 POSTRETIREMENT BENEFITS 16987212 CUSTOMER DEPOSITS 8719807 ADVANCES FOR CONSTRUCTION 5246741 OTHER LIABILITIES 2740236 BELL BUCKLE MAINTENANCE AGREEMENT 1766651 35460647 201120044 201120044 201120044 192897372 192897372 8222672 8222672 201120044 SCHEDULE D, PAGE 4, PART XII, LINE 4B NET MARGINS ASSIGNED TO MEMBERS: 8,222,672 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 THESE 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 268918 1327 22522 20867 313634 SHELIA ORRELL VP-FINANCE AND ADMIN 172517 3063 56861 24425 256866 PATRICK JORDAN VP-OPERATIONS 166807 9637 24764 9137 210345 WILLIAM TILLER VP, ENGINEERING 134773 2473 21546 379 159171 JEFF GRAVES ENGINEER MANAGER 132048 2777 93833 13269 241927 JEFFREY HOLT WORKING FOREMAN SR. 132943 437 12279 9988 155647 SEAN SCHELLER WORKING FOREMAN 2 140741 282 8767 23025 172815 JONATHAN RILEY WORKING FOREMAN 2 131778 249 6993 23742 162762 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. SCHEDULE J, PART I, LINE 4B - DEFERRAL OF COMPENSATION MAY BE MADE BY CERTAIN EMPLOYEES CONSIDERED EXECUTIVES. THE COOPERATIVE DOES NOT MAKE CONTRIBUTIONS TO, NOR INCUR ANY COSTS OF, THE PLAN. JONATHAN BAXTER WHITE DIRECTOR 166298 SALE OF TRUCKS false SCHEDULE L, PART V JONATHAN BAXTER WHITE IS A DIRECTOR OF THE ORGANIZATION AND AN OWNER OF AL WHITE MOTORS. THE ORGANIZATION PURCHASED 6 FORD F150 TRUCKS FROM AL WHITE MOTORS DURING THE ORGANIZATION'S CURRENT TAX YEAR FOR A TOTAL OF 166,298. FORM 990, PAGE 6, PART VI, LINE 2 ANTHONY KIMBROUGH SHELIA ORRELL DIRECTOR VP-FINANCE BUSINESS RELATIONSHIP 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 MAY 2022. 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 PERFORMED BY AN INDEPENDENT COMPENSATION CONSULTANT, AS WELL AS ON DATA FROM THE U.S. BUREAU OF LABOR STATISTICS, SURVEYS PERFORMED BY VARIOUS TRADE ORGANIZATIONS AND SURVEYS PERFORMED AT THE COMMITTEE'S REQUEST. THE BOARD, BASED ON RECOMMENDATIONS FROM THE INDEPENDENT COMPENSATION CONSULTANT AND THE COMMITTEE, SETS THE COMPENSATION FOR THE PRESIDENT AND CEO, APPROVES SALARY RANGES AND A BUDGET FOR ADJUSTMENT THERETO FOR ALL EMPLOYEES. THE PRESIDENT AND CEO THEN MAKES SPECIFIC INDIVIDUAL SALARY DECISIONS FOR KEY EMPLOYEES. FORM 990, PAGE 6, PART VI, LINE 15B THE PRESIDENT AND CEO MAKES SPECIFIC INDIVIDUAL SALARY DECISIONS FOR KEY EMPLOYEES BASED ON SALARY RANGES AND A BUDGET FOR ADJUSTMENT THERETO FOR ALL EMPLOYEES AS APPROVED BY THE BOARD. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS SUCH AS THE COOPERATIVE'S BYLAWS ARE PROVIDED TO EACH NEW MEMBER REQUESTING ELECTRIC SERVICE. GOVERNING DOCUMENTS ARE PROVIDED TO ANY CURRENT MEMBERS WHO REQUEST 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 LOSS-POSTRETIREMENT BEN OBLIG.-PENSION -2,959,981 ACTUARIAL LOSS-POSTRETIRMENT BEN OBLIG-HEALTH -301,441 AMORTIZATION-POSTRETIREMENT BEN. OBLIG.-HEALTH PLA 122,106 AMORTIZATION-POSTRETIREMENT BEN. OBLIG.-PENSION 2,380,368 SETTLEMENT LOSS - PENSION 2,054,137 PLAN AMENDMENT-POSTRETIRMENT BENEFIT HEALTH PLAN -264,588 OTHER DECREASES - PENSION -13 INCREASE IN MEMBERSHIPS 13,200 NET MARGINS ALLOCATED TO MEMBERS 8,222,672 TOTAL 9,266,460