2025-08-11T22:26:16-05:00 2024-12-31 582475857 NICHOLS CAULEY & ASSOCIATES LLC 400 CORDER ROAD WARNER ROBINS GA 310887166 990 2024-01-01 590485704 TRI-COUNTY ELECTRIC COOPERATIVE INC TRI- 8509732285 2862 WEST US 90 MADISON FL 323410208 JULIUS HACKETT CEO 8009992285 2025-08-05 1 0 CAL BRANTLEY CPA P00636393 4789293888 2025-08-05 2024 2025-03-06 01:10:19Z JULIUS HACKETT 2862 WEST US 90 MADISON FL 323410208 59271167 0 X WWW.TCEC.COM X 1941 FL PROVIDE QUALITY-SAFE-AFFORDABLE ELECTRIC SERVICE POWERED BY MEMBERS. 9 9 69 0 0 0 0 0 52549822 58571921 44761 61495 294063 609514 52888646 59242930 0 0 3918273 4847863 1141494 1299004 0 0 0 47828879 53846063 52888646 59992930 0 -750000 193404609 273464698 149925684 226294063 43478925 47170635 PROVIDE QUALITY-SAFE-AFFORDABLE ELECTRIC SERVICE POWERED BY MEMBERS. 0 0 59992930 SALE OF ELECTRICITY TO COOPERATIVE MEMBERS 59992930 0 0 0 0 0 0 0 0 0 1 0 1 1 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 31 0 1 69 1 0 0 0 0 0 52390058 3000003 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X JULIUS HACKETT GENERAL MANAGER 8009992285 PO BOX 208 2862 WEST US 90 MADISON FL 323410208 BENJAMIN WHITE TRUSTEE 3.00 X 5800 0 0 BOBBY DODD PRESIDENT 3.00 X X 3200 0 0 CATHERINE BETHEA TRUSTEE 3.00 X 4000 0 0 DONNIE WALDREP VICE PRESIDENT 3.00 X X 5000 0 0 JOHN CRUCE TRUSTEE 3.00 X 4000 0 0 ANN HERRING TRUSTEE 3.00 X 5800 0 0 GEORGE WEBB SECRETARY/TREASURER 3.00 X X 6400 0 0 JOHNNY EDWARDS TRUSTEE 3.00 X 2400 0 0 JUNIOR SMITH TRUSTEE 3.00 X 4400 0 0 H JULIUS HACKETT CHIEF EXECUTIVE OFFICER 40.00 X 312812 0 72428 JEFF BREWER VP ENGINEERING 40.00 X 164733 0 81907 WENDELL WILLIAMS VP FINANCE 40.00 X 149967 0 71956 JOHN TUTEN VP OPERATIONS 40.00 X 151220 0 47856 EILEEN HERNDON VP CORPORATE SVCS 40.00 X 139399 0 65726 JOHN NASH COOPERATIVE FOREMAN 40.00 X 154946 0 68704 MICHAEL S HENDERSON DISTRICT CREW LEADER 40.00 X 132292 0 63901 CODY HOLDEN CREW LEADER 40.00 X 131271 0 60987 TONY STEPHENSON CREW LEADER 40.00 X 131614 0 52509 DERRICK CALHOUN IT DIRECTOR 40.00 X 126208 0 70599 1635462 0 656573 22 0 1 0 BIGHAM CABLE CONSTRUCTION INC 3171 GULF BREEZE PARKWAY GULF BREEZE FL 32563 MAIN LINE FIBER INSTALLATION 12334935 CONEXON LLC 2001 GRAND BLVD SUITE 100 KANSAS CITY MO 64108 FIBER PROJECT MANAGEMENT 5597908 STORM SERVICES LLC 3949 HIGHWAY 93 SOUTH THOMASVILLE GA 31792 STORM RESTORATION 5346386 BRYANT TREE SERVICE 9368 132ND TERRACE LIVE OAK FL 32060 RIGHT-OF-WAY CLEARING 4443045 ENTERSOURCE 710 BLUE RIBBON PARKWAY SHELBYVILLE TN 37160 FIBER-TO-THE HOME 3107808 61 ELECTRICITY SALES 221000 52081577 52081577 RENTS FROM ELECTRIC PROPERTY 221000 3852869 3852869 CAPITAL CREDITS 221000 2328994 2328994 MISC SERVICE REVENUES 221000 308481 308481 58571921 49357 49357 40375 28237 12138 12138 12138 BROADBAND REVENUE SHARING 221000 428913 428913 GRANT PROCEEDS 221000 170857 170857 MISCELLANEOUS NONPERATING INCOME 221000 9744 9744 609514 59242930 58584059 0 658871 X 4847863 1299004 8258045 5703504 COST OF POWER 27086525 MAINTENANCE 4502633 OPERATIONS 3908367 GENERAL & ADMINISTRATIV 2356394 2030595 59992930 2764266 2746002 4482770 4944850 9679067 2329917 461679 362791 186886664 45901782 113683666 140984882 13155620 15220577 49177541 106875679 193404609 273464698 13120208 62935265 750000 135585751 161391933 1219725 1216865 149925684 226294063 X 72135 71010 0 0 43406790 47099625 43478925 47170635 193404609 273464698 X -750000 4441710 X X 0 1 X 1 1 1 186886664 45901782 140984882 140984882 PATRONAGE CAPITAL - SEMINOLE ELETRIC COOPERATIVE, INC. 9502183 C PATRONAGE CAPITAL - NRUCFC 1070038 C PATRONAGE CAPITAL - GRESCO UTILITY SUPPLY, INC. 3509531 C PATRONAGE CAPITAL - FEDERATED RURAL ELECTRIC INSURANCE 473304 C PATRONAGE CAPITAL - COBANK 431206 C PATRONAGE CAPITAL - MERIDIAN COOPERATIVE 174075 C OTHER INVESTMENTS IN ASSOC. ORG. 60240 C 15220577 CONSTRUCTION & RETIREMENT PROJECTS IN PROGRESS 106875679 106875679 CONSUMER DEPOSITS 1215367 CONSUMER ADVANCES FOR CONSTRUCTION 1498 1216865 X 59242930 0 59242930 0 59242930 55145067 0 55145067 4847863 4847863 59992930 PART X, LINE 2: THE COOPERATIVE OPERATES UNDER THE INTERNAL REVENUE CODE, SECTION 501(C)(12), AS A TAX-EXEMPT COOPERATIVE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE FINANCIAL STATEMENTS. THE COOPERATIVE BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XII, LINE 4B - OTHER ADJUSTMENTS: BENEFITS PAID TO OR FOR MEMBERS 4,847,863. PART I, LINE 14 - BENEFITS PAID TO OR FOR MEMBERS THE IRS REPORTING REQUIREMENTS FOR "BENEFITS PAID TO OR FOR MEMBERS" ON PART I, LINE 14 AND PART IX, LINE 4 AS AN EXPENSE IS DIFFERENT FROM THE CORPORATION'S REPORTING UNDER ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES (GAAP) FOR FINANCIAL REPORTING PURPOSES. THE CORPORATION HAS INTERPRETED THE AMOUNTS TO BE REPORTED ON PART I, LINE 14 AND PART IX, LINE 4, AS AMOUNTS ALLOCATED AND CALCULATED BASED ON THE 2024 MARGINS. WHILE THESE AMOUNTS WERE NOT PAID OUT TO MEMBERS BEFORE DECEMBER 31, 2024, THE AMOUNT INCLUDED ON THE 2024 FORM 990 IS GENERATED USING 2024 FINANCIAL DATA AND RESULTS. X 0 0 0 H JULIUS HACKETT CHIEF EXECUTIVE OFFICER 306080 0 0 0 6732 0 40196 0 32232 0 385240 0 0 0 JEFF BREWER VP ENGINEERING 163697 0 0 0 1036 0 52786 0 29121 0 246640 0 0 0 JOHN NASH COOPERATIVE FOREMAN 154454 0 0 0 492 0 40159 0 28545 0 223650 0 0 0 WENDELL WILLIAMS VP FINANCE 144492 0 0 0 5475 0 50721 0 21235 0 221923 0 0 0 EILEEN HERNDON VP CORPORATE SVCS 136939 0 0 0 2460 0 44764 0 20962 0 205125 0 0 0 JOHN TUTEN VP OPERATIONS 150263 0 0 0 957 0 17854 0 30002 0 199076 0 0 0 DERRICK CALHOUN IT DIRECTOR 125689 0 0 0 519 0 41970 0 28629 0 196807 0 0 0 MICHAEL S HENDERSON DISTRICT CREW LEADER 131865 0 0 0 427 0 35561 0 28340 0 196193 0 0 0 CODY HOLDEN CREW LEADER 131039 0 0 0 232 0 32770 0 28217 0 192258 0 0 0 TONY STEPHENSON CREW LEADER 131003 0 0 0 611 0 33635 0 18874 0 184123 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 INDIVIDUAL AND ENTITIES REQUESTING SERVICE ARE REQUIRED TO PAY A ONE-TIME MEMBERSHIP FEE. FORM 990, PART VI, SECTION A, LINE 7A THE COOPERATIVE'S BOARD OF TRUSTEES ARE ELECTED BY ITS MEMBERS. THE BOARD ELECTION IS HELD ANNUALLY IN CONJUNCTION WITH THE CORPORATION'S ANNUAL MEMBER MEETING. THE MEMBERS ARE THE ONLY ONES ALLOWED TO VOTE IN THE ANNUAL ELECTION OF BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS, SUCH AS BY-LAWS CHANGES, MUST BE APPROVED BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FILING REQUIREMENTS OF FORM 990 IN GENERAL AND THIS FORM 990 SPECIFICALLY WERE REVIEWED WITH THE BOARD OF TRUSTEES AND CERTAIN MEMBERS OF MANAGEMENT BY THE CERTIFIED PUBLIC ACCOUNTING FIRM THAT PREPARED THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C AN ANNUAL DISCLOSURE OF ANY CONFLICTS OF INTEREST IS REQUIRED BY ALL OFFICERS, TRUSTEES AND KEY EMPLOYEES, AND THE BOARD OF TRUSTEES REVIEWS THE DISCLOSURES. FORM 990, PART VI, SECTION B, LINE 15 THE GENERAL MANAGER'S ANNUAL COMPENSATION IS BASED ON VARIOUS CRITERIA THAT ARE REVIEWED BY THE BOARD OF TRUSTEES IN APPROVING SUCH COMPENSATION. ANNUAL COMPENSATION FOR CERTAIN OTHER EMPLOYEES IS INITIALLY SET BY THE GENERAL MANAGER AND IS THEN SUBJECT TO TRUSTEE APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 SUCH INFORMATION IS AVAILABLE TO THE PUBLIC UPON RECEIPT OF A REASONABLE REQUEST. FORM 990, PART IX, LINE 24E CONSUMER ACCOUNTS 1,993,153. TRANSMISSION 37,442. FORM 990, PART XI, LINE 9: RETIREMENT OF MEMBERS' PATRONAGE CAPITAL -724,082. DECREASE IN MEMBERSHIPS -1,125. INCREASE IN GAINS FROM RETIRED CAPITAL CREDITS 319,054. BENEFITS PAID TO OR FOR MEMBERS 4,847,863. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS AUDIT OVERSIGHT PROCESS OR AUDITOR SELECTION PROCESS FROM THE PRIOR REPORTING YEAR.