2020-10-06T13:14:36-05:00 2020-06-30 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1200 MARKET STREET CHATTANOOGA TN 37402 990 2019-07-01 620459672 TRI-STATE ELECTRIC MEMBERSHIP CORP TRI- 7064923251 PO BOX 68 MCCAYSVILLE GA 30555 STACY CHASTAIN GENERAL MANAGER 7064923251 2020-09-14 1 KIM HUSKEY CPA P00958962 4237567771 2020-09-14 64.88.174.3 2020-09-14 17:13:55 ED P 3552E53C713C8E8AEB4D5E5F0F88ABF7992BF973 08C0AE057E57178EE77ADC73478A539B9E248D18 2019 2021-04-22 16:20:28Z STACY CHASTAIN PO BOX 68 MCCAYSVILLE GA 30555 37107819 0 X WWW.TSEMC.NET X 1971 TN TO PROVIDE ELECTRIC ENERGY TO RURAL AREAS. 8 8 44 0 0 0 113806 113806 36909752 36329758 79504 63919 577709 594347 37680771 37101830 0 0 0 0 4276428 4115915 0 0 0 32505109 32207551 36781537 36323466 899234 778364 61787821 61278185 31539904 30338387 30247917 30939798 TO PROVIDE ENERGY TO RURAL AREAS. 0 0 36323466 36330142 PROVIDE ELECTRIC ENERGY AND RELATED SERVICES TO RURAL AREAS. THE COOPERATIVE SERVICES 19,782 CUSTOMERS. 36323466 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 44 1 0 0 0 0 0 0 0 36329758 707769 0 0 0 X 8 8 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 3025 0 22292 JESSE MILLER VICE PRESIDENT 5.00 X 2575 0 30223 HUGH ROGERS SECRETARY/TREASURER 4.00 X 2275 0 11900 JIM QUINTRELL DIRECTOR 3.00 X 2275 0 11900 BILL JOE POSTELL DIRECTOR 6.00 X 2275 0 11889 SCOTT BARKER DIRECTOR 5.00 X 700 0 2975 TOM STILES DIRECTOR 3.00 X 2275 0 11882 MARY LOUISE LANDRUM DIRECTOR 4.00 X 1575 0 8912 CHRIS HULSEY HUMAN RESOURCE MANAGER 40.00 X 103664 0 60460 CHUCK THOMAS OPERATIONS MANAGER 40.00 X 105647 0 56373 DAVID LEWIS IT MANAGER 40.00 X 95975 0 60490 KEITH THOMAS RIGHT OF WAY MANAGER 40.00 X 91052 0 60499 LISA HOOD HUMAN RESOURCE MANAGER 40.00 X 95173 0 60260 CHRISTY SETSER FINANCE MANAGER 40.00 X 100113 0 60483 STACY CHASTAIN GENERAL MANAGER 40.00 X 178446 0 87774 787045 0 558312 4 0 1 0 REAL TREE SERVICES 474 PINE RIDGE ROAD FARNER TN 37333 RIGHT OF WAY SERVICE 1913088 PATTERSON & DEWAR ENGINEERS PO BOX 2808 NORCROSS GA 30091 ENGINEERING 213901 2 113806 113806 ENERGY SALES 221000 36259236 36259236 SERVICE SALES 221000 70522 70522 36329758 63919 63919 593963 0 593963 593963 593963 6373 5989 384 384 37101830 36330142 0 657882 3696250 179032 240633 10270 27693 87035 182158 13231 887858 2572162 84287 COST OF POWER 23468390 DISTRIBUTION 5406642 CUSTOMER ACCOUNTS 1010982 TAXES 308678 -1851835 36323466 10397387 9687783 1799202 1750534 1120957 1034438 929367 985817 1400427 955440 74401494 28743276 44969535 45658218 699210 700228 471736 505727 61787821 61278185 5019539 4799492 21936698 20905039 4583667 4633856 31539904 30338387 X 73295 74980 0 0 30174622 30864818 30247917 30939798 61787821 61278185 X 778364 -86483 X X 0 1 X 1 0 198419 198419 3056244 1186448 1869796 70541065 27556828 42984237 605766 605766 45658218 CUSTOMER DEPOSITS 1662408 HEAT PUMP LOANS 753194 POSTRETIREMENT BENEFITS 2218254 4633856 X 37101830 0 37101830 0 37101830 36323466 0 36323466 0 36323466 PART X, LINE 2: EFFECTIVE JANUARY 1, 2009, THE CORPORATION IMPLEMENTED THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF ASC TOPIC 740, INCOME TAXES (PREVIOUSLY FASB INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES). THE ADOPTION OF FASB ASC 740 DID NOT HAVE A MATERIAL IMPACT ON THE CORPORATION'S FINANCIAL STATEMENTS. 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, 2017 THROUGH JUNE 30, 2020, THE YEARS THAT REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS JUNE 30, 2020. SCHEDULE D PART VI, LINE 1E THE AMOUNT OF $605,766 IS MADE UP OF CONSTRUCTION WORK IN PROGRESS. X 0 0 0 CHRIS HULSEY HUMAN RESOURCE MANAGER 103664 0 0 0 0 0 0 0 60460 0 164124 0 0 0 CHUCK THOMAS OPERATIONS MANAGER 105647 0 0 0 0 0 0 0 56373 0 162020 0 0 0 DAVID LEWIS IT MANAGER 95975 0 0 0 0 0 0 0 60490 0 156465 0 0 0 KEITH THOMAS RIGHT OF WAY MANAGER 91052 0 0 0 0 0 0 0 60499 0 151551 0 0 0 LISA HOOD HUMAN RESOURCE MANAGER 95173 0 0 0 0 0 0 0 60260 0 155433 0 0 0 CHRISTY SETSER FINANCE MANAGER 100113 0 0 0 0 0 0 0 60483 0 160596 0 0 0 STACY CHASTAIN GENERAL MANAGER 178446 0 0 0 0 0 0 0 87774 0 266220 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 19,782 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 XI, LINE 9: INCREASE IN CAPITAL STOCK 1,685. CHANGE IN APBO -88,168. 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.