2020-05-14T04:52:08-00:00 2019-12-31 990 2019-01-01 560432086 Tri-County Electric Membership Corporation TRI- 9197352611 PO Box 130 Dudley NC 283330130 J Michael Davis General Manager 2020-05-14 false 74.122.18.242 2020-05-14 13:54:32 ED P B5956AD285F0E1C5A0318DF06D3AEDEFB76D00F2 C4CECE13B3644F68F54DB4EE079A24FB96E1C7E5 2019 2020-09-23 17:36:50Z J Michael Davis PO Box 130 Dudley NC 28333 57962647 false X www.tcemc.com X 1940 NC Electric Cooperative providing electricity to its membership. 11 11 49 0 0 56863130 57303975 268601 245441 509316 413231 57641047 57962647 0 2998033 2868021 0 0 0 55441358 57660803 58439391 60528824 -798344 -2566177 95709686 92094221 63442432 63079051 32267254 29015170 Electric cooperative providing electric power to its membership. false false Not Applicable false false false false false false false false false true false false false true false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false 29 0 true 49 true false false false false false false false 57303975 false false false X 11 11 false false false false true true true true true false false true true true true true true true true false X TRI-COUNTY EMC 9197352611 4255 HWY 117 ALT DUDLEY NC 28333 J Michael Davis General Manager 060.00 005.00 X 270474 0 0 Kenneth E Davis Jr Manager - Finance Admin. 055.00 002.00 X 160809 0 0 Tony A Grantham Manager of Engineering 055.00 X 154852 0 0 Michael A Wood Manager of Operations 055.00 X 152667 0 0 Glenda S Barwick Accountant 040.00 X X 127310 0 0 Ricky L Richardson Foreman 055.00 X 121255 0 0 Robert B Kornegay Manager - Customer Service 055.00 X 120113 0 0 Jeff W Kennedy Foreman 055.00 X 119239 0 0 Stephanie J Brown Staff Accountant 040.00 X 115359 0 0 Jerry Mozingo Lineman 1st class 055.00 X 112038 0 0 Ralph Kelly Lineman 1st Class 055.00 X 107647 0 0 Tamah Hughes IT Mangager 040.00 X 104668 0 0 Roy A Beavers Lineman 1st Class 055.00 X 104651 0 0 Ronnie Miller Staking Engineer 055.00 X 103555 0 0 James Cozine Lineman 1st Class 055.00 X 102981 0 0 Claude Jones IV Foreman 055.00 X 102227 0 0 Carl Kornegay President 008.00 002.00 X X 26162 0 0 William Farmer Jr Secretary 008.00 X X 25321 0 0 Keith Beavers Director 005.00 X 22868 0 0 Randy McCullen Director 005.00 X 21013 0 0 David Ray Vinson Treasurer 005.00 X X 18159 0 0 Worth Overman Director 004.00 X 16680 0 0 Jennings Outlaw Vice-President 005.00 X X 16459 0 0 Patrick Lynch Director 003.00 X 12574 0 0 Jeff Henderson Director 003.00 X 8914 0 0 Dallace J Grady Director 003.00 X 8761 0 0 Brandy S Rouse Director 003.00 X 8474 0 0 2265230 16 true true false John J Rowe Co 6640 Malpass Corner Rd Currie NC 28435 Right-of-Way Clearing 495703 Mastec North America Inc 209 Art Bryan Dr Asheboro NC 27203 Line Construction 351865 Hobgood Equipment Repairs 220 Emma Court Linden NC 28356 Equipment Repair Maintenance 146625 Lee Electrical Construction PO Box 55 Aberdeen NC 28315 Electrical Construction 558389 4 Sale and Distribution of Electric 221000 57303975 57303975 245441 27719 27719 27719 Patronage Capital 385799 385512 57962647 0 0 0 2868021 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1739757 0 3308888 0 Cost of Power 42494942 Transmission Expense 19079 Distribution Expense 4993944 Consumer Accounts Expense 2619044 2485149 60528824 4602648 3897852 5000000 2000000 7701809 5713662 2250965 2440388 861681 492160 205785 198422 116826027 42832091 71794995 73993936 2867665 2870024 424138 487777 95709686 92094221 4052021 4619701 55042368 53991907 4348043 4467443 63442432 63079051 X 32267254 29015170 32267254 29015170 95709686 92094221 X -2566177 -685907 X X false true X false false false 194247 194247 3638068 1452368 2185700 3340286 3340286 23906191 5615326 18290865 85747235 35764397 49982838 73993936 Financial derivatives and other financial products Closely-held equity interests Federal income taxes Consumer Deposits 1813715 Current Maturities of LTD 2358305 Customer Advance for Construction 295423 4467443 J Michael Davis General Manager Tony A Grantham Manager of Engineering Michael A Wood Manager of Operations Kenneth E Davis Jr Manager - Finance Admin. Glenda S Barwick Accountant Form 990, Part XI, Line 9 THERE WAS A DECREASE IN AN EQUITY ADJUSTMENT FOR ACCUMULATED PENSION AND BENEFITS REQUIRED BY PROFESSIONAL STANDARDS OF 619,427. THERE WAS IN INCREASE IN MEMBERSHIP FEES OF 820. THERE WAS A DECREASE IN NON-OPERATING MARGINS OF 67,299. Form 990, Part XII, Line 2C TRI-COUNTY EMC DOES NOT HAVE A SPECIFIC AUDIT COMMITTEE. THE BOARD AS A WHOLE ASSUMES RESPONSIBILITYAND OVERSIGHT OF THE AUDIT AND THE SELECTION OF THE INDEPENDENT AUDITOR. Form 990, Part VI, Section B, Line 12C THE POLICY IS REVIEWED EACH YEAR DURING THE BOARD OF DIRECTORS MEETING TO MAKE ALL BOARD MEMBERS AWARE OF THE POLICY AND TO ACKNOWLEDGE THEIR COMPLIANCE. Form 990, Part VI, Section B, Line 15 AND 15B EACH YEAR THE GENERAL MANAGER RECEIVES A SURVEY OF SALARIES PAID FOR ALL POSITIONS THROUGHOUT THE STATE. THE BOARD OF DIRECTORS REVIEWS THIS INFORMATION AND DETERMINES THE APPROPRIATE SALARY FOR THE GENERAL MANAGER DURING THE EXECUTIVE SESSION. SALARIES FOR OTHER KEY PERSONNEL ARE ALSO REVIEWED AND APPROVED BY THE BOARD. Form 990, Part VI, Section C, Line 19 THE AUDITIED FINANCIAL STATEMENTS ARE INCLUDED IN THE ANNUAL REPORTS. WHEN THE NEWSLETTER IS PUBLISHED ANNOUNCING THE ANNUAL MEETING OF THE MEMBERS, STATEMENTS ABOUT CONFLICTS OF INTEREST ARE INCLUDED.