2020-11-09T15:06:55-06:00 2020-06-30 620808829 WINNETT ASSOCIATES PLLC PO BOX 745 SHELBYVILLE TN 371620745 990 2019-07-01 620186725 DUCK RIVER ELECTRIC MEMBERSHIP CORP DUCK 9316844621 PO BOX 89 SHELBYVILLE TN 37162 SHELIA ORRELL VP-FINANCE AND ADMIN 9316844621 2020-10-05 true PATRICK R LILE P01067422 9316847142 2020-11-04 X 12.23.251.2 2020-11-09 15:06:55 CS P C023B1118431A8F8B16802446331D6772DE1B239 9866097C5355493D7185497BA8EBA15891077055 2019 2021-04-22 16:20:28Z SCOTT SPENCE P O BOX 89 SHELBYVILLE TN 37162 197235523 false X WWW.DREMC.COM X 1936 TN RURAL ELECTRIC DISTRIBUTION TO 77,830 MEMBERS LOCATED PRIMARILY IN BEDFORD, COFFEE, FRANKLIN, GILES, MARSHALL, MAURY AND MOORE COUNTIES IN MIDDLE TENNESSEE. 13 13 197 0 0 203427224 196294624 864461 591501 290249 349398 204581934 197235523 0 5639694 8246372 14877089 16695638 0 0 184065151 172293513 204581934 197235523 0 254595401 268690729 138818275 145062709 115777126 123628020 THE COOPERATIVE EXISTS TO DELIVER RELIABLE ELECTRICITY AT THE LOWEST POSSIBLE COST, TO PROMOTE ECONOMIC DEVELOPMENT AND TO ENHANCE THE QUALITY OF LIFE FOR ITS MEMBERS. false false 197235523 PROVIDING ELECTRIC SERVICE TO 77,830 MEMBERS PRIMARILY IN BEDFORD, COFFEE, FRANKLIN, GILES, MARSHALL, MAURY AND MOORE COUNTIES IN MIDDLE TENNESSEE SINCE THE FORMATION OF THE COOPERATIVE IN MAY OF 1936. 197235523 false false true false false false false false false true false false false true false true 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 true 130 0 197 true false false false false false 194623313 940900 false false false X 13 13 true false false false true true true true true false false true true true true true true true true false X X X SHELIA R ORRELL 9316844621 305 LEARNING WAY SHELBYVILLE TN 37160 BARRY COOPER CHAIRMAN 7.38 X X 24770 0 0 JAMES BRENT WILLIS DIRECTOR 5.55 X 20960 0 0 LAURA WILLIS FORMER SECRE 7.00 X X 20320 0 0 PHILIP DUNCAN DIRECTOR 6.82 X 19060 0 0 MIKE ENGLAND DIRECTOR 6.13 X 18440 0 0 JOHN MOSES TREASURER 7.71 X X 18020 0 0 BUFORD JENNINGS VICE CHAIRMA 5.77 X X 17350 0 0 DANA SALTERS CURRENT SECR 4.07 X X 16740 0 0 WAYNE TUCKER DIRECTOR 5.15 X 16580 0 0 BAXTER WHITE DIRECTOR 4.61 X 14220 0 0 ANTHONY KIMBROUGH DIRECTOR 3.35 X 12840 0 0 LYN STACEY DIRECTOR 4.50 X 12420 0 0 NELSON CROUCH DIRECTOR 4.85 X 11700 0 0 MARK WEBB DIRECTOR 1.50 X 0 0 0 SCOTT SPENCE PRESIDENT & 61.00 X 89300 0 5157 CHARLES MCDONALD INTERIM PRES 50.00 X 121611 0 27501 SHELIA ORRELL VP-FINANCE A 50.00 X 164188 0 62756 DAVID YOUNG DIRECTOR OF 46.00 X 164453 0 68859 PATRICK JORDAN VP-OPERATION 45.00 X 161170 0 30902 MIKE BAYNE DISTRICT MAN 50.00 X 155461 0 53206 JONATHAN RILEY WORKING FORE 53.00 X 135249 0 21130 MARK BROTHERS SR. WORKING 49.00 X 128087 0 57556 SEAN SCHELLER WORKING FORE 52.00 X 127656 0 21879 JAMES EDDE SYS OPS MANA 45.00 X 127380 0 27284 MICHAEL WATSON FORMER PRESI 0.00 X 237963 0 42685 1835938 418915 53 true true false SERVICE ELECTRIC COMPANY P O BOX 277790 ATLANTA GA 303847790 METER READ/CREW 3293380 HBH HOLDINGS INC 1800 N CENTRAL STREET KNOXVILLE TN 37917 CONSTRUCTION 2674297 SEELBACH AND COMPANY INC P O BOX 987 LAWRENCEVILLE GA 30046 TREE TRIMMING 2492140 LEE ADCOCK CONSTRUCTION CO 826 NORTH JEFFERSON STREET SHELBYVILLE TN 37160 CONSTRUCTION 2069812 RW TREE SERVICE 412 WEST 14TH STREET COLUMBIA TN 38401 TREE TRIMMING 1680104 18 SALE OF ELECTRICITY 221000 190608207 190608207 MISCELLANEOUS 221000 4015107 4015107 POLE RENTAL 531190 1620861 1620861 DARK FIBER 531190 50449 50449 196294624 591501 591501 PATRONAGE CAPITAL REFUND 221000 349398 349398 349398 197235523 194972712 2262811 8246372 1136453 9454201 3338894 2054652 711438 85161 29801 137061 286299 408920 267741 362876 3403949 11109609 410078 COST OF ELECTRICITY SOLD 138860152 DISTRIB. MAINTENANCE EXP. 8267013 DISTRIB. OPERATIONS EXP. 4410052 CUSTOMER ACCOUNTS EXPENSE 2618032 1636769 197235523 0 0 0 875310 932131 21822596 25506607 13224845 12083417 4054631 3607604 1976215 2487631 233977 224532 329379151 113701417 204151297 215677734 8256530 8171073 254595401 268690729 31366777 27036215 77752388 87109427 29699110 30917067 138818275 145062709 X 806560 816600 114970566 122811420 115777126 123628020 254595401 268690729 X 0 7850894 X false true X true false 7553 7553 7553 true TENNESSEE ACTION COMMITTEE FOR RURAL ELECTRIFICATION P O BOX 100912 NASHVILLE TN 37224 620925545 7553 SCHEDULE C, PART I-A, LINE 1 THE ORGANIZATION CONTRIBUTED FUNDS TO THE TENNESSEE ACTION COMMITTEE FOR RURAL ELECTRIFICATION (A STATE AND LOCAL POLITICAL ACTION COMMITTEE). 2689151 2689151 27442776 14519370 12923406 16407286 10141783 6265503 282839938 89040264 193799674 215677734 POSTRETIREMENT BENEFITS 16411950 CUSTOMER DEPOSITS 8172312 ADVANCES FOR CONSTRUCTION 3485392 OTHER LIABILITIES 2847413 30917067 197235523 197235523 197235523 188989151 188989151 8246372 8246372 197235523 SCHEDULE D, PAGE 4, PART XII, LINE 4B NET MARGINS ASSIGNED TO MEMBERS: 8,246,372 SCHEDULE D, PAGE 4, PART XIII NET MARGINS ASSIGNED TO MEMBERS ARE REPORTED ON FORM 990, PART IX, LINE 4. THE COOPERATIVE IS PROHIBITED FROM THE RETIREMENT OF THESE MEMBER ASSIGNED MARGINS BY ITS REGULATOR, THE TENNESSEE VALLEY AUTHORITY. X true true X X X X X false false false SHELIA ORRELL VP-FINANCE AND ADMIN 163052 1136 47111 15645 226944 DAVID YOUNG DIRECTOR OF DIST.SVC 160239 4214 53252 15607 233312 PATRICK JORDAN VP-OPERATIONS 160095 1075 21696 9206 192072 MIKE BAYNE DISTRICT MANAGER 106473 48988 39154 14052 208667 JONATHAN RILEY WORKING FOREMAN 1 134643 606 6108 15022 156379 MARK BROTHERS SR. WORKING FOREMAN 127447 640 46553 11003 185643 JAMES EDDE SYS OPS MANAGER 117592 9788 16911 10373 154664 MICHAEL WATSON FORMER PRESIDENT/CEO 137036 100927 34993 7692 280648 SCHEDULE J, PART III SCHEDULE J, PART I, LINE 1A - FRINGE OR EXPENSE EXPLANATION EMPLOYEE REIMBURSEMENT OF HEALTH CLUB MEMBERSHIP DUES ALLOWANCE OF 50% OF DUES PAID TO A MAXIMUM OF 200 PER YEAR PER EMPLOYEE UPON PRESENTATION OF A PAID RECEIPT. NO HEALTH CLUB DUES WERE REIMBURSED TO ANY DIRECTORS. SCHEDULE J, PART I, LINE 4B - DEFERRAL OF COMPENSATION MAY BE MADE BY CERTAIN EMPLOYEES CONSIDERED EXECUTIVES. THE COOPERATIVE DOES NOT MAKE CONTRIBUTIONS TO, NOR INCUR ANY COSTS OF, THE PLAN. FORM 990, PAGE 6, PART VI, LINE 2 ANTHONY KIMBROUGH SHELIA ORRELL DIRECTOR VP-FINANCE BUSINESS RELATIONSHIP FORM 990, PAGE 6, PART VI, LINE 6 THE COOPERATIVE HAS MEMBERS THAT PAY A 10 MEMBERSHIP FEE WHEN ESTABLISHING METERED SERVICE FOR ELECTRICITY. FORM 990, PAGE 6, PART VI, LINE 7A MEMBERS ARE ENTITLED TO VOTE FOR THE DIRECTORS ON THE BALLOT WHO REPRESENT THE SERVICE AREA IN WHICH THE MEMBERS RESIDE. FORM 990, PAGE 6, PART VI, LINE 7B DECISIONS TO SELL THE COOPERATIVE REQUIRE MEMBER APPROVAL. CHANGES TO THE BYLAWS MAY BE SUBMITTED FOR MEMBERS APPROVAL. FORM 990, PAGE 6, PART VI, LINE 11B THE COOPERATIVE'S BOARD MEMBERS COMPLETED QUESTIONNAIRES WHICH WERE THEN USED FOR COMPLETION OF IRS FORM 990. THE BOARD ALSO REVIEWED THE COOPERATIVE'S PRIOR YEAR IRS FORM 990, INFORMATION REGARDING CHANGES BY THE IRS FOR THE CURRENT YEAR, IF ANY, AND A COMPLETED IRS FORM 990 FOR THE CURRENT YEAR AT A SERIES OF BOARD MEETINGS, THE LAST OF WHICH WAS HELD ON OCTOBER 28, 2020. FORM 990, PAGE 6, PART VI, LINE 12C ALL BOARD MEMBERS COMPLETED A QUESTIONNAIRE ON VARIOUS MATTERS TO BE USED IN COMPLETING IRS FORM 990. THE QUESTIONNAIRES CONTAINED QUESTIONS PERTAINING TO POTENTIAL CONFLICTS OF INTEREST THAT WOULD REQUIRE DISCLOSURE. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR THE PRESIDENT AND CEO IS SET BY THE BOARD BASED UPON RECOMMENDATIONS FROM A COMMITTEE CONSISTING OF BOARD OFFICERS AND DIRECTORS. THE COMMITTEE AND THE BOARD RELY ON STUDIES AND REVIEWS PERFORMED BY AN INDEPENDENT COMPENSATION CONSULTANT, AS WELL AS ON DATA FROM THE U.S. BUREAU OF LABOR STATISTICS, SURVEYS PERFORMED BY VARIOUS TRADE ORGANIZATIONS AND SURVEYS PERFORMED AT THE COMMITTEE'S REQUEST. THE BOARD, BASED ON RECOMMENDATIONS FROM THE INDEPENDENT COMPENSATION CONSULTANT AND THE COMMITTEE, SETS THE COMPENSATION FOR THE PRESIDENT AND CEO, APPROVES SALARY RANGES AND A BUDGET FOR ADJUSTMENT THERETO FOR ALL EMPLOYEES. THE PRESIDENT AND CEO THEN MAKES SPECIFIC INDIVIDUAL SALARY DECISIONS FOR KEY EMPLOYEES. FORM 990, PAGE 6, PART VI, LINE 15B THE PRESIDENT AND CEO MAKES SPECIFIC INDIVIDUAL SALARY DECISIONS FOR KEY EMPLOYEES BASED ON SALARY RANGES AND A BUDGET FOR ADJUSTMENT THERETO FOR ALL EMPLOYEES AS APPROVED BY THE BOARD. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS SUCH AS THE COOPERATIVE'S BYLAWS ARE PROVIDED TO EACH NEW MEMBER REQUESTING ELECTRIC SERVICE. GOVERNING DOCUMENTS ARE PROVIDED TO ANY CURRENT MEMBERS WHO REQUEST SUCH DOCUMENTS AT THE COOPERATIVE'S OFFICES. THE GOVERNING DOCUMENTS ARE ALSO POSTED AND AVAILABLE TO ALL MEMBERS AND THE GENERAL PUBLIC ON THE COOPERATIVE'S WEBSITE. THE COOPERATIVE'S FINANCIAL INFORMATION IS PUBLISHED ANNUALLY IN THE TENNESSEE MAGAZINE, WHICH IS A MONTHLY PERIODICAL PROVIDED TO THE COOPERATIVE'S MEMBERSHIP. THE ANNUAL FINANCIAL INFORMATION IS PROVIDED TO EACH MEMBER ATTENDING THE COOPERATIVE'S ANNUAL MEETING. FORM 990, PART XI, LINE 9 ACTUARIAL LOSS-POSTRETIREMENT BEN OBLIG.-PENSION -2,630,791 ACTUARIAL GAIN-POSTRETIREMENT BEN. OBLIG. - HEALTH 182,850 AMORTIZATION-POSTRETIREMENT BEN. OBLIG.-HEALTH PLA 136,412 AMORTIZATION-POSTRETIREMENT BEN. OBLIG.-PENSION 1,906,011 INCREASE IN MEMBERSHIPS 10,040 NET MARGINS ALLOCATED TO MEMBERS 8,246,372 TOTAL 7,850,894