2022-11-07T10:37:53-06:00 2021-12-31 FORVIS LLP PO BOX 3667 LITTLE ROCK AR 722033667 990 2021-01-01 240744667 TRI-COUNTY ELECTRIC COOPERATIVE INC % JENNIFER PELLETT TRI- 5706622175 22 NORTH MAIN STREET MANSFIELD PA 16933 BYRON FARNSWORTH JR CO-CEO 5706622175 2022-10-31 true AARON YOUNG 000000000 AMBER SHERRILL P00748683 5013721040 2 2021 2022-09-23 18:48:47Z AARON YOUNG 22 NORTH MAIN STREET MANSFIELD PA 16933 36771399 false X WWW.TRI-COUNTYREC.COM X 1937 PA PROVISION OF ELECTRICITY, ON A COOPERATIVE BASIS, TO MEMBERS IN RURAL PENNSYLVANIA 9 9 41 5 -2633634 0 0 1155225 32212472 33775366 149020 17495 -2307868 -1909158 30053624 33038928 0 0 2095117 2629990 570825 796088 0 0 0 28212095 30318072 30878037 33744150 -824413 -705222 127748017 151909574 83843601 100784082 43904416 51125492 PROVISION OF ELECTRICITY, ON A COOPERATIVE BASIS, TO MEMBERS IN RURAL PENNSYLVANIA. false false PROVISION OF ELECTRICITY, ON A COOPERATIVE BASIS, TO MEMBERS IN RURAL PENNSYLVANIA. false true false false false false false false false true false true false true false false true false false false false false false false false false false false true false false false false false false false false false false true true true true false true 118 0 true 41 true true true false false false false 31163146 3521182 false false false X 9 9 false false false false true true false true true false false true true true true true true true true false PA X JENNIFER PELLETT 5706622175 22 N MAIN STREET MANSFIELD PA 16933 X KEVIN BROWNLEE CEO/PRESIDENT STARTING 4/30/21 40.0 0.0 X 169230 0 83370 CRAIG ECCHER CEO/PRESIDENT THROUGH 4/30/21 40.0 0.0 X 190016 0 49503 AARON YOUNG CHIEF OPERATING/TECHNOLOGY 40.0 0.0 X 151149 0 61984 WILLIAM GERSKI SEN VP OF BUSINESS DEVELOPMENT 40.0 0.0 X 152695 0 37411 ERIC MCROBERTS DIRECTOR OF OPERATIONS 40.0 0.0 X 118982 0 69643 SHAWN SIMONDS CHIEF LINEMAN 40.0 0.0 X 123878 0 63469 BARBARA CARLETON DIRECTOR OF FINANCIAL 40.0 0.0 X 117558 0 69528 JOSEPH MICKEY CHIEF LINEMAN 40.0 0.0 X 122320 0 63970 JENNIFER PELLETT DIRECTOR OF FINANICAL SVCS 40.0 0.0 X 14697 0 6686 GERALD KRINER CHAIRMAN 4.0 0.0 X X 14275 0 0 NICHOLAS REITTER DIRECTOR 4.0 0.0 X 12775 0 0 LOWELL GEISER TREASURER 4.0 0.0 X X 11325 0 0 VALERY ROBBINS VICE CHAIRMAN 4.0 0.0 X X 10175 0 0 MATTHEW WHITING DIRECTOR 4.0 0.0 X 9825 0 0 JAMES DAVIS DIRECTOR 4.0 0.0 X 9675 0 0 JEROME SASALA DIRECTOR 4.0 0.0 X 9400 0 0 ALFRED CALKINS DIRECTOR 4.0 0.0 X X 8075 0 0 JANET TEETER DIRECTOR 4.0 0.0 X 7500 0 0 1253550 0 505564 27 false true false BNF POWERLINE CONSTRUCTION INC 361 BRUMBAUGH ROAD ROARING SPRING PA 16673 POLE CONSTRUCTION 2938527 HENKELS AND MCCOY INC 2268 COLLECTION CENTER DRIVE CHICAGO IL 60693 FIBER SERVICES 4890815 VANTAGE POINT 2211 N MINNESOTA ST MITCHELL SD 57301 CONSULTING SERVICES 2300154 JAFLO INC 1550 POND ROAD SUITE 200 ALLENTOWN PA 18104 FIBER SERVICES 2565053 GRAYBAR 12444 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 FIBER DISTRIBUTION 6249547 7 X 1155225 1155225 SALES OF ELECTRIC ENERGY 221000 31266448 31266448 G & T CAPITAL CREDITS 221000 2508918 2508918 33775366 44079 44079 0 0 1108517 580105 3625702 -2517185 580105 -1937080 -2633634 696554 68383 94967 -26584 -26584 -26584 0 0 0 0 0 0 35408 11802 23606 23606 All Other Misc Revenue 4316 4316 4316 4316 4316 33038928 33775366 -2633634 741971 0 0 0 2629990 796088 0 0 0 0 0 0 72654 500 0 0 0 5634 29336 0 0 0 0 0 0 0 2719121 0 3572535 0 COST OF ELECTRIC POWER 12826131 DISTRIBUTION EXPENSE 7181740 Administrative & General 2462305 CONSUMER ACCOUNTS 725957 722159 33744150 0 519037 1598167 5595535 0 0 4897055 4591852 0 0 0 0 0 0 1219485 1510284 64789 354429 152661797 42208940 92886866 110452857 0 0 0 0 24575063 27495914 0 120151 2506592 1269515 127748017 151909574 3934921 5611472 0 0 0 0 0 0 0 0 0 0 78969326 94700326 0 0 939354 472284 83843601 100784082 X 0 0 0 0 43904416 51125492 43904416 51125492 127748017 151909574 X -705222 7926298 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 3343127 3343127 0 9395196 2082788 7312408 0 0 0 0 122809090 40126152 82682938 0 17114384 0 17114384 110452857 INVESTMENTS IN ASSOCIATED ORGS 27495914 C 27495914 0 POST RETIREMENT OBLIGATIONS 126439 DEFERRED CREDITS 224336 LEASES 121509 472284 38304473 5282798 5282798 33021675 17253 17253 33038928 31096907 31096907 2647243 2647243 33744150 FORM 990, SCHEDULE D, PART X, LINE 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. FORM 990, SCHEDULE D, PART XI, LINE 2D EQUITY IN EARNINGS OF SUBSIDIARY $1,657,096 BOOK TO TAX DEPRECIATION DIFFERENCE $3,645,702 ------------ TOTAL $5,302,798 FORM 990, SCHEDULE D, PART XI, LINE 4B EXPENSE INCLUDED IN REVENUE PER AUDIT $17,253 FORM 990, SCHEDULE D, PART XII, LINE 4B PARTONAGE CAPITAL ALLOCATED $2,629,990 EXPENSE INCLUDED IN REVENUE PER AUDIT $17,253 ------------- TOTAL $2,647,243 X X X false false false CRAIG ECCHER CEO/PRESIDENT THROUGH 4/30/21 138939 0 10000 0 41077 0 24663 0 24840 0 239519 0 0 0 BARBARA CARLETON DIRECTOR OF FINANCIAL 117558 0 0 0 0 0 33881 0 35647 0 187086 0 0 0 KEVIN BROWNLEE CEO/PRESIDENT STARTING 4/30/21 169230 0 0 0 0 0 45154 0 38216 0 252600 0 0 0 AARON YOUNG CHIEF OPERATING/TECHNOLOGY 151149 0 0 0 0 0 22434 0 39550 0 213133 0 0 0 ERIC MCROBERTS DIRECTOR OF OPERATIONS 118982 0 0 0 0 0 31992 0 37651 0 188625 0 0 0 WILLIAM GERSKI SEN VP OF BUSINESS DEVELOPMENT 76724 0 0 0 75971 0 11272 0 26139 0 190106 0 0 0 SHAWN SIMONDS CHIEF LINEMAN 89586 0 0 0 34292 0 24074 0 39395 0 187347 0 0 0 JOSEPH MICKEY CHIEF LINEMAN 90312 0 0 0 32008 0 24074 0 39896 0 186290 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE RURAL ELECTRIC COOPERATIVE ARE CONSUMERS OF ELECTRICITY. FORM 990, PART VI, SECTION A, LINE 7A GOVERNING BODY IS ELECTED BY MEMBERS BY BALLOT VOTE. FORM 990, PART VI, SECTION B, LINE 11B THE CEO & CFO REVIEW THE FORM 990 AND THEN PROVIDE A COPY OF THE FORM 990 TO ALL BOARD MEMBERS EITHER ELECTRONICALLY OR IN A PAPER FORMAT PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL REVIEW AND SIGNATURE OF CONFLICT OF INTEREST POLICIES. CONFLICTS THAT ARISE ARE SUMMARIZED AND PROVIDED TO BOARD MEMBERS BY MANAGEMENT SO THAT ANY ISSUES CAN BE RESOLVED. FORM 990, PART VI, SECTION B, LINE 15A & 15B AN OUTSIDE CONSULTANT PROVIDES THE BENCHMARKS FOR THE DIFFERENT TIERS OF EMPLOYEES. THESE FIGURES ARE PROVIDED TO THE BOARD. THE BOARD THEN APPROVES THE BENCHMARKS. THE BOARD APPROVES THE CEO'S SALARY, WHILE THE CEO APPROVES THE DEPARTMENT DIRECTORS' SALARIES BASED ON THE BENCHMARKS AND THE BUDGET APPROVED BY THE BOARD. THESE BENCHMARKS ARE UPDATED EVERY FEW YEARS. THE CEO'S SALARY IS INCLUDED IN AN AGREEMENT BETWEEN THE CEO, TRI-COUNTY, AND C & T ENTERPRISES, INC, A TAXABLE HOLDING COMPANY IN WHICH TRI-COUNTY OWNS 50%. THE CEO AND PRESIDENT OF TRI-COUNTY ALSO SERVE AS THE CEO AND PRESIDENT OF WELLSBORO ELECTRIC COMPANY, A SUBSIDIARY OF C & T ENTERPRISES. THE CEO AND PRESIDENT HAVE A SIMILAR AGREEMENT BETWEEN WELLSBORO AND C & T ENTERPRISES. FORM 990, PART VI, SECTION C, LINE 19 COPY AVAILABLE AT MAIN OFFICE. FORM 990, PART VIII, LINE 6A PERSONAL PROPERTY RENTAL REVENUES EXCLUDED FROM UNRELATED BUSINESS INCOME ARE RELATED TO POLE RENTAL INCOME. FORM 990, PART XI, LINE 9 CHANGE IN UNCLAIMED CAPITAL CREDITS (4,988) RETIREMENT OF CAPITAL CREDITS 508,310 PATRONAGE CAPITAL RETIREMENT (1,228,650) PATRONAGE CAPITAL ASSIGNABLE 2,629,990 EQUITY IN EARNINGS OF SUBSIDIARY 1,657,096 OTHER COMPREHENSIVE LOSS 78,156 BOOK TO TAX DEPRECIATION DIFFERENCE 3,625,702 TRANSFER FROM TRI-CO CONNECTIONS, LLC TAX-EXEMPT LIQUIDATION TO DISREGARDED ENTITY 660,682 -------------- TOTAL 7,926,298 TRI-CO CONNECTIONS 22 NORTH MAIN STREET MANSFIELD PA 16933 830817578 BROADBAND PA 409749 3362850 TRI-CO COOP TRI-CO CONNECTIONS LLC 22 NORTH MAIN STREET MANSFIELD PA 16933 830817578 BROADBAND SERVICE PA NA C CORPORATION 3896997 0 1.00000 true true false false false false false false false false true false false false true true true true true false TRI-CO CONNECTIONS LLC A 992068 FMV TRI-CO CONNECTIONS LLC R 650017 FMV FORM 990, SCHEDULE R, PART I & IV TRI-CO CONNECTIONS PERFORMED A TAX-EXEMPT LIQUIDATION UNDER REGULATION 1.337(D)-4. TRI-CO CONNECTIONS WILL BE TAX-EXEMPT UNDER SECTION 501(A) EFFECTIVE 12/01/2021 AS A DISREGARDED ENTITY OF TRI-COUNTY ELECTRIC COOPERATIVE. TRI-CO CONNECTIONS WAS A RELATED C CORPORATION UNTIL 12/01/2021.