2022-10-31T13:28:34-05:00 2022-06-30 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1200 MARKET STREET CHATTANOOGA TN 37402 990 2021-07-01 620459672 TRI-STATE ELECTRIC MEMBERSHIP CORP TRI- 7064923251 PO BOX 68 MCCAYSVILLE GA 30555 STACY CHASTAIN GENERAL MANAGER 7064923251 2022-10-25 1 STACY CHASTAIN 999009999 BRIAN D MILLER CPA P00365109 4237567771 2022-10-25 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z STACY CHASTAIN PO BOX 68 MCCAYSVILLE GA 30555 40692686 0 X WWW.TSEMC.NET X 1971 TN TO PROVIDE ELECTRIC ENERGY TO RURAL AREAS. 7 7 45 0 0 0 113806 47420 37450346 39878285 72758 103448 636630 644537 38273540 40673690 0 0 0 0 4324523 4618731 0 0 0 33091504 35083143 37416027 39701874 857513 971816 61025008 61378223 29078619 28234763 31946389 33143460 TO PROVIDE ELECTRIC ENERGY TO RURAL AREAS. 0 0 39701874 39877607 PROVIDE ELECTRIC ENERGY AND RELATED SERVICES TO RURAL AREAS. THE COOPERATIVE SERVICES 20,649 CUSTOMERS. 39701874 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 29 0 1 45 1 0 0 0 0 0 39878285 814401 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X MR STACY CHASTAIN GENERAL MANAGER 7064923251 PO BOX 68 MCCAYSVILLE GA 30555 JERRY PACK PRESIDENT 10.00 X X 3075 0 24137 JESSE MILLER VICE PRESIDENT 5.00 X X 2450 0 32964 HOUSTON ROGERS SECRETARY/TREASURER 4.00 X X 3225 0 12985 JIM QUINTRELL DIRECTOR 3.00 X 2450 0 12985 BILL JOE POSTELL DIRECTOR 6.00 X 2450 0 12974 WILLIAM BARKER DIRECTOR 5.00 X 2450 0 12985 TOM STILES DIRECTOR 3.00 X 2450 0 12697 STACY CHASTAIN GENERAL MANAGER 40.00 X 186604 0 73031 CHRIS HULSEY HUMAN RESOURCE MANAGER 40.00 X 109588 0 53794 CHUCK THOMAS OPERATIONS MANAGER 40.00 X 126143 0 46853 LISA HOOD HUMAN RESOURCE MANAGER 40.00 X 103136 0 46853 CHRISTY SETSER FINANCE MANAGER 40.00 X 110163 0 53794 654184 0 396052 6 0 1 0 REAL TREE CORPORATION 154 STANSBURY MOUNTAIN RD COPPERHILL TN 37317 RIGHT OF WAY SERVICE 3620581 PATTERSON & DEWAR ENGINEERS PO BOX 2808 NORCROSS GA 30091 ENGINEERING 189817 PROGRESSIVE SOLUTIONS LLC PO BOX 1130 MARSHALL AR 72650 RIGHT OF WAY SERVICE 168969 3 47420 47420 ENERGY SALES 221000 39795113 39795113 SERVICE SALES 221000 83172 83172 39878285 103448 103448 645215 0 645215 645215 645215 18318 18996 -678 -678 40673690 39877607 0 748663 X 405764 3690079 273815 249073 31193 32889 73115 192094 11847 789200 2561625 67767 COST OF POWER 25292686 DISTRIBUTION 6824907 CUSTOMER ACCOUNTS 1132590 TAXES 276440 -2203210 39701874 9777216 8882511 1608511 1625039 1050260 956670 1044098 1344264 893242 717330 79190449 32099289 45837131 47091160 690638 705694 123912 55555 61025008 61378223 3797440 4221277 20893443 19911260 4387736 4102226 29078619 28234763 X 77150 79120 0 0 31869239 33064340 31946389 33143460 61025008 61378223 X 971816 225255 X X 0 1 X 1 0 42419 42419 2829665 1308088 1521577 74589707 30791201 43798506 1728658 1728658 47091160 CUSTOMER DEPOSITS 1817839 HEAT PUMP LOANS 597401 POSTRETIREMENT BENEFITS 1686986 4102226 X 40673690 0 40673690 0 40673690 39701874 0 39701874 0 39701874 PART X, LINE 2: THE CORPORATION FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION TOPIC 740, INCOME TAXES. THE CORPORATION HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING DISCLOSURE, AND THERE ARE NO MATERIAL AMOUNTS OF UNRECOGNIZED TAX BENEFITS. THE CORPORATION'S EVALUATION WAS PERFORMED FOR TAX YEARS ENDED JUNE 30, 2019 THROUGH JUNE 30, 2022, THE YEARS THAT REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS JUNE 30, 2022. SCHEDULE D PART VI, LINE 1E THE AMOUNT OF $1,728,658 IS MADE UP OF CONSTRUCTION WORK IN PROGRESS. X 0 0 0 STACY CHASTAIN GENERAL MANAGER 186604 0 0 0 0 0 0 0 73031 0 259635 0 0 0 CHUCK THOMAS OPERATIONS MANAGER 126143 0 0 0 0 0 0 0 46853 0 172996 0 0 0 CHRISTY SETSER FINANCE MANAGER 110163 0 0 0 0 0 0 0 53794 0 163957 0 0 0 CHRIS HULSEY HUMAN RESOURCE MANAGER 109588 0 0 0 0 0 0 0 53794 0 163382 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 TO RECEIVE POWER FROM TRI-STATE EMC, A CUSTOMER MUST FIRST PAY A MEMBERSHIP FEE OF $5.00. TRI-STATE EMC HAS 20,649 CUSTOMERS WHO ARE ALL MEMBERS. EACH MEMBER IS ENTITLED TO PARTICIPATE IN THE ANNUAL ELECTION OF THE BOARD OF DIRECTORS, WHO IS CHARGED WITH THE RESPONSIBILITY OF FORMULATING THE GENERAL POLICIES OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERS OF TSEMC THROUGH A DEMOCRATIC PROCESS. FORM 990, PART VI, SECTION B, LINE 11B TSEMC'S INDEPENDENT CPA WILL GO OVER THE 990 WITH THE BOARD OF DIRECTORS BEFORE IT IS SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES AND BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANYTHING THAT IS DEEMED A CONFLICT OF INTEREST IN THE WRITTEN POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE GENERAL MANAGER'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS YEARLY. THE BOARD ALSO DETERMINES THE COMPENSATION FOR MANAGEMENT ON A YEARLY BASIS. FORM 990, PART VI, SECTION C, LINE 19 TRI-STATE EMC MAKES ITS FINANCIAL STATEMENTS AVAILABLE UPON REQUEST TO ALL OF ITS MEMBERS. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE ALSO AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 24E OUTSIDE SERVICES 241,732. MAINTENANCE 228,263. CUSTOMER SERVICE AND INFORMATION 143,993. TRUSTEE FUND 143,455. INJURIES AND DAMAGES 135,325. DUES 42,348. WAGES RECLASSIFIED TO LINE 7 ABOVE -3,138,326. FORM 990, PART XI, LINE 9: INCREASE IN CAPITAL STOCK 1,970. CHANGE IN APBO 223,285. FORM 990, PART XII, LINE 2C: THIS PROCESS REMAINS UNCHANGED FROM THE PRIOR YEAR. THE BOARD OF DIRECTORS IS IN CHARGE OF THE OVERSIGHT OF THE AUDIT.