2021-11-15T10:36:53-06:00 2020-12-31 BKD LLP PO BOX 3667 LITTLE ROCK AR 722033667 990 2020-01-01 240744667 TRI-COUNTY ELECTRIC COOPERATIVE INC % BARBARA CARLETON TRI- 5706622175 22 NORTH MAIN STREET MANSFIELD PA 16933 KEVIN BROWNLEE PRESIDENT AND CEO 5706622175 2021-10-21 true KEVIN BROWNLEE 000000000 AMBER SHERRILL P00748683 5013721040 2 2020 2022-09-23 18:48:47Z CRAIG ECCHER 22 NORTH MAIN STREET MANSFIELD PA 16933 32916813 false X WWW.TRI-COUNTYREC.COM X 1937 PA PROVISION OF ELECTRICITY, ON A COOPERATIVE BASIS, TO MEMBERS IN RURAL PENNSYLVANIA 9 9 35 5 -2718620 0 0 0 30907881 32212472 69020 149020 2555406 -2307868 33532307 30053624 0 0 2095117 2095117 458670 570825 0 0 0 28998087 28212095 31551874 30878037 1980433 -824413 105968434 127748017 65736662 83843601 40231772 43904416 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 false 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 false true true true false true 114 0 true 35 true true true false false false false 30903492 1599164 false false false X 9 9 false true false false true true false true true false false true true true true true true true true false PA X BARBARA CARLETON 5706622175 22 NORTH MAIN STREET MANSFIELD PA 16933 X CRAIG ECCHER PRESIDENT AND CEO 40.0 0.0 X 199280 0 107800 AARON YOUNG CHIEF OPERATING/TECHNOLOGY 40.0 0.0 X 151359 0 59630 WILLIAM GERSKI SR VP OF BUSINESS DEVELOPMENT 40.0 0.0 X 139189 0 50622 BARBARA CARLETON DIRECTOR OF FINANCIAL 40.0 0.0 X 116518 0 67478 ERIC MCROBERTS DIRECTOR OF OPERATIONS 40.0 0.0 X 116937 0 62143 BRYAN BERGUSON DIRECTOR OF MEMBER SERVICES 40.0 0.0 X 106300 0 65904 LOWELL GEISER TREASURER 4.0 0.0 X X 11550 0 0 MATTHEW WHITING SECRETARY 4.0 0.0 X X 11275 0 0 GERALD KRINER DIRECTOR 4.0 0.0 X 10450 0 0 VALERY ROBBINS VICE CHAIRMAN 4.0 0.0 X X 10450 0 0 JEROME SASALA DIRECTOR 4.0 0.0 X 10175 0 0 NICHOLAS REITTER DIRECTOR 4.0 0.0 X 7975 0 0 ALFRED CALKINS CHAIRMAN 4.0 0.0 X X 6325 0 0 JAMES DAVIS DIRECTOR 4.0 0.0 X 6050 0 0 ALSTON TEETER DIRECTOR 4.0 0.0 X 5500 0 0 909333 0 413577 6 false true false GRAYBAR 12444 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 FIBER PRODUCTS 3142868 BNF POWERLINE CONSTRUCTION INC 361 BRUMBAUGH ROAD ROARING SPRING PA 16673 FIBER WORK 2860769 HENKELS AND MCCOY INC 2268 COLLECTION CENTER DRIVE CHICAGO IL 60693 FIBER BUILD 2595731 VANTAGE POINT 2211 N MINNESOTA ST MITCHELL SD 57301 ENGINEERING AND DESI 2573579 LANTEK FIBER OPTIC SERVICE INC 580 FISHERS STATION DRIVE VICTOR NY 14564 FIBER WORK 1850771 9 X 0 SALES OF ELECTRIC ENERGY 221000 30863184 30863184 G & T CAPITAL CREDITS 221000 1349288 1349288 32212472 49935 49935 0 0 94814 374974 2813434 -2718620 374974 -2343646 -2718620 374974 138268 39183 99085 99085 99085 0 0 0 0 0 0 40308 10572 29736 29736 All Other Misc Revenue 6042 6042 6042 6042 6042 30053624 32212472 -2718620 559772 0 0 0 2095117 570825 0 0 0 0 0 0 43405 25000 0 0 0 0 0 0 0 0 0 0 0 0 2332366 0 3182625 0 COST OF ELECTRIC POWER 12687301 DISTRIBUTION EXPENSE 6096164 Administrative & General 1917129 CONSUMER ACCOUNTS 848414 1079691 30878037 0 0 953689 1598167 0 0 4806384 4897055 0 0 0 0 0 0 1546815 1219485 82788 64789 135175641 42288775 72211100 92886866 0 0 0 0 23148902 24575063 0 0 3218756 2506592 105968434 127748017 3290372 3934921 0 0 0 0 0 0 0 0 0 0 61098600 78969326 0 0 1347690 939354 65736662 83843601 X 0 0 0 0 40231772 43904416 40231772 43904416 105968434 127748017 X -824413 4497057 X false true X true false 1258170 1258170 9248044 1970770 7277274 110105509 40318005 69787504 14563918 14563918 92886866 INVESTMENTS IN ASSOCIATED ORGS 24575063 C 24575063 0 POSTRETIREMENT BENEFIT OBLIGATION 204761 DEFERRED CREDITS 734593 939354 33480578 3426954 3426954 30053624 30053624 28782920 28782920 2095117 2095117 30878037 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 $613,520 BOOK TO TAX DEPRECIATION DIFFERNCE $2,813,434 ------------ TOTAL $3,426,954 FORM 990, SCHEDULE D, PART XII, LINE 4B PARTONAGE CAPITAL ALLOCATED $2,095,117 X false false false CRAIG ECCHER PRESIDENT AND CEO 191780 0 7500 0 0 0 67826 0 39974 0 307080 0 0 0 AARON YOUNG CHIEF OPERATING/TECHNOLOGY 138359 0 13000 0 0 0 20770 0 38860 0 210989 0 0 0 WILLIAM GERSKI SR VP OF BUSINESS DEVELOPMENT 127189 0 12000 0 0 0 18437 0 32185 0 189811 0 0 0 BARBARA CARLETON DIRECTOR OF FINANCIAL 114018 0 2500 0 0 0 32088 0 35390 0 183996 0 0 0 ERIC MCROBERTS DIRECTOR OF OPERATIONS 111937 0 5000 0 0 0 30166 0 31977 0 179080 0 0 0 BRYAN BERGUSON DIRECTOR OF MEMBER SERVICES 104300 0 2000 0 0 0 29509 0 36395 0 172204 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 TRI-COUNTY RURAL ELECTRIC COOPERATIVE, INC IS A PARTY TO A MANAGEMENT SERVICES CONTRACT WITH C&T ENTERPRISES, INC. C&T ENTERPRISES IS A FOR-PROFIT HOLDING COMPANY WHICH IS OWNED BY TRI-COUNTY RURAL ELECTRIC COOPERATIVE, INC AND CLAVERACK RURAL ELECTRIC COOPERATIVE. TRI-COUNTY AND CLAVERACK EACH OWN 50% OF THE STOCK OF C&T ENTERPRISES UNDER THE TERMS OF THE CONTRACT, C&T ASSIGNS EMPLOYEES TO TRI-COUNTY AND PROVIDES ALL PAYROLL AND RELATED SERVICES. C&T ALSO ADMINISTERS THE PAYROLL AND BENEFITS OF THE TRI-COUNTY PRESIDENT AND CEO. 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 A COPY OF FORM 990 WAS PROVIDED 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 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 21,629 RETIREMENT OF CAPITAL CREDITS 680,155 PATRONAGE CAPITAL RETIREMENT (1,499,520) PATRONAGE CAPITAL ASSIGNABLE 2,095,117 EQUITY IN EARNINGS OF SUBSIDIARY 613,520 OTHER COMPREHENSIVE LOSS (227,278) BOOK TO TAX DEPRECIATION DIFFERENCE 2,813,434 -------------- TOTAL 4,974,831 TRI-CO CONNECTIONS LLC 22 NORTH MAIN STREET MANSFIELD PA 16933 830817578 BROADBAND SERVICE PA NA C CORPORATION 146366 1944129 1.00000 true true false false false false false false false false true true false false true true true true false false TRI-CO CONNECTIONS LLC A 94814 FMV