2022-10-17T05:32:53-04:00 2021-12-31 990 2021-01-01 381109570 TRI-COUNTY ELECTRIC COOPERATIVE % Christopher ONeill TRI- 5176477554 7973 E GRAND RIVER AVE PORTLAND MI 488759717 Christopher O Neill President CEO 2022-10-17 false 2021 2022-09-23 18:48:47Z Christopher ONeill 7973 E GRAND RIVER AVE PORTLAND MI 488759717 61486849 false X www.homeworks.org X 1937 MI To provide our members and customers with energy comfort and communication solutions that will enhance their quality of life. 7 7 115 0 71782 0 0 511778 54801955 60555192 113369 116792 241232 248667 55156556 61432429 0 0 4562769 5826980 7522788 7848469 0 0 0 44197597 49048232 56283154 62723681 -1126598 -1291252 168577443 193902809 102821557 123148202 65755886 70754607 To provide our members and customers with energy comfort and communication solutions that will enhance their quality of life. false false 0 0 0 Revenues from sale of electric power to 26,724 meters. Added replaced 12.91 miles of line for a total of 3,409 miles of line. 0 0 0 Revenues from sale of high speed internet to 5,978 customers. Constructed 313 miles of fiber to provide high speed internet and phone service to our electric members. 0 0 0 0 0 0 0 false true false false false false false true false true false true false false true true true false false false false false false false false false false false true false false false false true false false false false false false true true true false true 71 0 true 115 true true true false false false false 58430878 1210489 false false false 7 7 true false false false true true true true false false false true true true true true true true true false MI X Patrick Simmer 5176477554 7973 E Grand River Ave Portland MI 48875 Christopher O Neill President CEO 40.05 5.43 X 157683 0 100144 Patrick Simmer CFO COO 45.67 3.09 X 154270 0 95259 Cody Teegardin Lineman 51.13 0.00 X 148502 0 40107 Jeremy Zuke Lineman 51.82 0.00 X 146380 0 18103 Christopher Reed Electric Operations Manager 43.99 0.00 X 139232 0 104605 Richard Warchuck Lineman 48.43 0.00 X 138953 0 53860 Jeremy Smith Lineman 49.27 0.00 X 135179 0 45937 Christian Jensen Engineering Manager 43.47 0.00 X 133944 0 93366 Thomas Manting CIO 39.31 1.51 X 132528 0 103862 Luke Pohl Chairman 11.26 0.30 X X 22725 0 0 John Lord Vice Chairman 11.14 0.30 X X 20230 0 0 Corinna Batora Board Member 9.76 0.30 X 18025 0 0 Shirley Sprague Board Member 11.18 0.30 X 17395 0 0 James Stebbins Board Member 12.89 0.30 X 17055 0 0 Kimber Hansen Board Member 7.64 0.30 X 16425 0 0 Ed Oplinger Secretary Treasurer 4.51 0.30 X X 16110 0 0 1414636 0 655243 29 false true false B&M Ashman Inc 8455 Ronda Drive Canton Twp MI 48187 Fiber Construction 4810004 Earthcom Inc 3424 Corwin Road Williamston MI 48895 Fiber Construction 3478463 Woodwalkers Electrical Contractor 8530 North Townline Road Roscommon MI 48853 Line Construction 2587647 Arc American Inc 311 S Indiana Avenue Wakarusa IN 46573 Line Construction 2005455 Pulse Broadband LLC 2121 Cooperative Way Hemdon VA 20171 Fiber Consultant 1867417 17 0 0 0 0 511778 0 0 511778 Utilities 221000 52924343 52924343 0 0 Wired Telecommunications Carriers 517110 4907481 4839535 67947 0 Capital Credits 900099 2723368 2723368 0 0 0 0 0 0 0 0 0 0 0 0 0 0 60555192 97642 0 0 97642 0 0 0 0 0 0 0 0 239302 0 0 0 239302 0 239302 0 0 239302 0 19292 0 142 0 19150 19150 0 0 19150 0 0 0 0 0 0 0 0 0 0 0 0 63643 54278 9365 5530 3835 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 61432429 60492776 71782 356094 0 0 0 0 0 0 5826980 0 743145 0 0 0 82285 0 0 0 4845544 0 0 0 1045098 0 0 0 762790 0 0 0 369607 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1927639 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3797201 0 0 0 0 0 0 0 5041787 0 0 0 0 0 0 0 Cost of Power/Internet Service 31588561 0 0 0 Distribution 3815278 0 0 0 Administrative and General 1226189 0 0 0 Customer Accounts 1647941 0 0 0 3636 0 0 0 62723681 0 0 0 0 0 0 0 0 0 2058724 1755886 0 0 6824740 6887624 0 0 0 0 81122 80797 1927599 3167305 1677504 2189282 180041367 38622273 117508200 141419094 0 0 0 0 38293416 37984443 186715 399084 19423 19294 168577443 193902809 11114704 11417487 0 0 3035031 3179786 0 0 5303 5323 0 0 88166519 108295606 500000 250000 0 0 102821557 123148202 X 52741592 57242580 13014294 13512027 0 0 65755886 70754607 168577443 193902809 X -1291252 0 0 0 0 6289973 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 0 0 0 0 true X 3300 598367 601667 8159463 3433304 4726159 164111074 35188970 128922104 7169164 7169164 141419094 Wolverine Power Supply Co-Op Capital Credits 27450809 C Tri-Co Services Inc. 6599938 C CFC Subordinate Certificates 1785529 C CFC - Patronage Capital 1351471 C Memberships and Other Investments 796696 C 37984443 0 X 61650602 218173 218173 61432429 0 61432429 56893065 0 56893065 5830616 5830616 62723681 Part IV, line 2b The Cooperative collects and remits voluntary contributions to the Tri-County Electric People Fund Inc. the fund a 501c3 nonprofit organization for charitable giving to individuals and organizations primarily in the Cooperative's service area. Amounts owed to the fund on December 31 2021 and 2020 amounted to $5,323 and $5,303 respectively. Part XI, line 2d Equity Earnings from Subsidiary $221,809 Non-Operating Expense -$3,636 Part XII, line 4b Patronage Capital Credits allocated during the year $5,826,980 and Non-Operating Expenses $3,636. Part X, line 2 The Cooperative is exempt from federal income tax under Section 501c12. The Cooperative is annually required to file a Return of Origination Exempt from Income Tax Form 990 with the IRS. The Cooperative files an Exempt Organization Business Income Tax Return Form 990-T with the IRS to report its unrelated business taxable income. The Cooperative evaluates its tax positions that have been taken or are expected to be taken on income tax returns to determine if an accrual is necessary for uncertain tax positions. As of December 31 2021 and 2020 the unrecognized tax benefit accrual was zero. The Cooperative will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if incurred. The Company no longer subject to Federal tax examinations by tax authorities for years before 2017 and state examinations for years before 2017. The Cooperative undergoes an annual analysis of its various tax positions assessing the likelihood of those positions being upheld upon examination with relevant tax authorities. X X X false false false Christopher O Neill President CEO 157033 0 150 0 500 0 75670 0 25693 0 259046 0 0 0 Patrick Simmer CFO COO 142895 0 8700 0 2675 0 86785 0 8474 0 249529 0 0 0 Cody Teegardin Lineman 148252 0 0 0 250 0 17883 0 23000 0 189385 0 0 0 Jeremy Zuke Lineman 146084 0 0 0 296 0 0 0 18651 0 165031 0 0 0 Christopher Reed Electric Operations Manager 130588 0 6200 0 2444 0 82881 0 21724 0 243837 0 0 0 Richard Warchuck Lineman 138494 0 0 0 460 0 32136 0 22299 0 193389 0 0 0 Jeremy Smith Lineman 134888 0 0 0 291 0 24213 0 22407 0 181799 0 0 0 Christian Jensen Engineering Manager 127475 0 5450 0 999 0 68892 0 24905 0 227721 0 0 0 Thomas Manting CIO 128303 0 2400 0 1825 0 79388 0 24474 0 236390 0 0 0 Part II Line 1 | Name :, Title:, Item Selected:, Description:| All Employees Listed, Included in column "C" deferred comp is the estimated current year increase in the actuarial value of the defined benefit plan for all employees except Jeremy Zuke who is not eligible for the plan due to being being employed with the Cooperative for less than one year. These amounts do not represent any current year contribution to the plan. They are estimates of the increase in actuarial value of the plan received from the NRECA. The current year expense and increase in actuarial value for each employee are reflected in the statement on the Schedule O for Form 990 Part VII Column F.| 0 Christia Manting Spouse of CIO 82285 Wages and Benefits false Part VI, Line 2 All board members and the CEO have business relationships due to their positions with Tri-CO Services Inc. a wholly owned corporation. Part VI, Line 6 There is one class of members. Each member is entitled to one vote. Part VI, Line 7a Each member is entitled to one vote to elect their district board member at their annual district meeting. Part VI, Line 7b The bylaws may be altered amended or repealed by a vote of two-thirds of the Delegates of the Cooperative. Part VI, Line 8a There is no committee with the authority to act on behalf of the full board. Part VI, Line 11b The CEO and CFO reviewed the Form 990 prior to it being filed. The Form 990 was also reviewed by a third party audit firm. Form 990 is distributed to the Board to review and approved by Board Resolution prior to being filed with the IRS. Part VI, Line 12c A board policy exists describing the situations creating a conflict of interest and requires each of the directors and key employees to disclose and report any potential conflicts to the proper authority. The CFO CIO and other employees must report to the CEO. The CEO must report to the Board Chairman. The CEO CFO and CIO and the directors are required to review and sign an annual statement pertaining to conflicts of interest. Directors found in violation of this policy will be dealt with pursuant to the bylaws of the Cooperative. A Board member abstains from voting on any items with potential conflicts. Part VI, Line 15 Job descriptions are maintained for each position providing a basis for responsibility for each position. Annual goals and objectives tied to the strategic plan of the Organization are set for each position. Once each fiscal year the performance of these positions are evaluated. For the CEO the Board of Directors as a whole evaluates the performance against the job responsibilities goals and objectives. Also guidelines are provided by the national organization called the CEO Competency Profile which provides a list of the competencies and characteristics for success. For the CFO and CIO the position is evaluated in a similar manner as the CEO. Annual compensation surveys are obtained for the above positions in similar organization and similar responsibilities which provide compensation ranges. Education background and work experience is also taken into consideration. Annual evaluations are brought to the Board in September of each year. This annual process was last completed in September 2021. Part VI, Line 19 The organization makes its governing documents conflict of interest policy and financial statements available upon request. Part XI, Line 9 | Description:, Explanation:, Amount:| Donated Capital $275,924 Capital Credits Retired -$34,740 Equity Earnings By Subsidiary $221,809 Patronage Capital Allocated during the year $5,826,980 Total of $6,289,973., Other Changes in Net Assets, $6289973| Part VII, Line Section A, Lina 1a | Explanation:| Included in column "f" is the estimated amount of other compensation which includes the estimated annual increase in the actuarial value of the defined benefit plan for all employees except for Jeremy Zuke who was not eligible due to being employed with Cooperative for less than one year. The estimated increase for Christopher O'Neill is $67,551 Patrick Simmer $79,533 Christopher Reed $76,221 Thomas Manting $72,705 Christian Jensen $62,251 Richard Warchuck $27,173 Cody Teegardin $12,891 and Jeremy Smith $19,524. These amounts are an estimate of the increase in value of the plan and is not the current year expense of the Cooperative. The current year expense of the defined benefit plan is $33,927 $27,013 $27,826 $27,923 $27,772 $18,409 $18,409 and $17,383 respectively. Part IX, Line 4 | Explanation:| The Cooperative has interpreted the instructions to part IX line 4 to mean patronage allocated for the year rather than capital credits retired. This is consistent with the bylaws of the Cooperative. Part VIII, Line 1e | Explanation:| Received PPP Loan Forgiveness in 2021 of $500,000. Received $11,778 in CAF II funding in 2021. Tri-County Electric People Fund Incorporated 7973 E Grand River Ave Portland MI 48875 383083659 Operation Round Up MI 501(C)(3) 7 Tri-County Electric true Tri-Co Services Incorpoated 7973 East Grand River Ave Portland MI 48875 382803942 Sales Service Internet MI Tri-County Electric C-Corporation 2339281 8160918 0.01 true true false false false true true false false false false false false false true true true true true true Tri-Co Services Incorporated A 40382 Actual Cost Tri-Co Services Incorporated E 4225000 Actual Cost Tri-Co Services Incorporated F 1000000 Actual Cost Tri-Co Services Incorporated N 70383 Actual Cost Tri-Co Services Incorporated O 1220511 Actual Cost Tri-Co Services Incorporated Q 205335 Actual Cost Tri-Co Services Incorporated R 8466400 Actual Cost Tri-County Electric People Fund Incorporated R 63308 Actual Cost