2025-09-24T10:52:01-05:00 2025-06-30 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1200 MARKET STREET CHATTANOOGA TN 37402 990 2024-07-01 620459672 TRI-STATE ELECTRIC MEMBERSHIP CORP TRI- 7064923251 PO BOX 68 MCCAYSVILLE GA 30555 STACY CHASTAIN GENERAL MANAGER 7064923251 2025-09-17 1 1 KIM HUSKEY CPA P00958962 4237567771 2025-09-16 2024 2025-03-06 01:10:19Z STACY CHASTAIN PO BOX 68 MCCAYSVILLE GA 30555 49112504 0 X WWW.TSEMC.NET X 1971 TN TO PROVIDE ELECTRIC ENERGY TO RURAL AREAS. 7 7 46 0 0 0 0 0 43567395 48046634 131052 291843 726033 768774 44424480 49107251 0 0 0 0 5261775 5580804 0 0 0 38010776 41743312 43272551 47324116 1151929 1783135 66860220 72560966 31626873 35502631 35233347 37058335 TO PROVIDE ELECTRIC ENERGY TO RURAL AREAS. 0 0 47324116 48047569 PROVIDE ELECTRIC ENERGY AND RELATED SERVICES TO RURAL AREAS. THE COOPERATIVE SERVICES 21,799 CUSTOMERS. 47324116 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 31 0 1 46 1 0 0 0 0 0 48046634 767839 0 0 0 X 7 7 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 X 2575 0 27916 JESSE MILLER VICE PRESIDENT 5.00 X X 2275 0 38521 JIM QUINTRELL SECRETARY/TREASURER 5.00 X X 2275 0 15033 BILL JOE POSTELL DIRECTOR 5.00 X 2275 0 15022 WILLIAM BARKER DIRECTOR 5.00 X 2275 0 15033 LISA FIELDS DIRECTOR 5.00 X 2275 0 14977 DANIEL MCNABB DIRECTOR 5.00 X 2275 0 15079 STACY CHASTAIN GENERAL MANAGER 40.00 X 189205 0 85600 CHRIS HULSEY HUMAN RESOURCE MANAGER 40.00 X 123980 0 65583 CHUCK THOMAS OPERATIONS MANAGER 40.00 X 140644 0 56837 DAVID LEWIS IT MANAGER 40.00 X 116347 0 65589 KEITH THOMAS RIGHT OF WAY MANAGER 40.00 X 106069 0 54031 LISA HOOD HUMAN RESOURCE MANAGER 40.00 X 106953 0 46298 CHRISTY SETSER FINANCE MANAGER 40.00 X 118909 0 65556 918332 0 581075 7 0 1 0 REAL TREE CORPORATION 154 STANSBURY MOUNTAIN RD COPPERHILL TN 37317 RIGHT OF WAY SERVICE 4005894 PETTY LINE CONSTRUCTION CO 2610 LAY DAM RD CLANTON AL 35045 LINE CONSTRUCTION 643656 PATTERSON & DEWAR ENGINEERS PO BOX 2808 NORCROSS GA 30091 ENGINEERING 174776 PROGRESSIVE SOLUTIONS LLC PO BOX 1130 MARSHALL AL 72650 ROW SPRAYING 131159 4 ENERGY SALES 221000 47978181 47978181 SERVICE SALES 221000 68453 68453 48046634 291843 291843 767839 0 767839 767839 767839 6188 5253 935 935 49107251 48047569 0 1059682 918332 4015589 353589 293294 12511 38384 96002 8046 15427 1264150 2637674 65494 COST OF POWER 31050718 DISTRIBUTION 7981131 CUSTOMER ACCOUNTS 1267107 MAINTENANCE 276985 -2970317 47324116 4237521 6613362 1826076 2160148 1263889 1297596 1828399 2169699 374044 338302 95639756 36585562 56488290 59054194 830937 927665 11064 0 66860220 72560966 4476704 4454774 22794030 26577452 4356139 4470405 31626873 35502631 X 82045 83460 0 0 35151302 36974875 35233347 37058335 66860220 72560966 X 1783135 41853 X X 0 1 X 1 0 42419 42419 2853061 1478140 1374921 86949983 35107422 51842561 5794293 5794293 59054194 CUSTOMER DEPOSITS 2161834 HEAT PUMP LOANS 833295 POSTRETIREMENT BENEFITS 1475276 4470405 X 49107251 0 49107251 0 49107251 47324116 0 47324116 0 47324116 PART X, LINE 2: THE CORPORATION FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF ACCOUNTING STANDARDS CODIFICATION TOPIC 740, INCOME TAXES. 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, 2022 THROUGH JUNE 30, 2025, THE YEARS THAT REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS JUNE 30, 2025. SCHEDULE D PART VI, LINE 1E THE AMOUNT OF $5,794,293 IS MADE UP OF CONSTRUCTION WORK IN PROGRESS. X 0 0 0 STACY CHASTAIN GENERAL MANAGER 189205 0 0 0 0 0 50915 0 34685 0 274805 0 0 0 CHUCK THOMAS OPERATIONS MANAGER 140644 0 0 0 0 0 32150 0 24687 0 197481 0 0 0 CHRIS HULSEY HUMAN RESOURCE MANAGER 123980 0 0 0 0 0 32150 0 33433 0 189563 0 0 0 CHRISTY SETSER FINANCE MANAGER 118909 0 0 0 0 0 32150 0 33406 0 184465 0 0 0 DAVID LEWIS IT MANAGER 116347 0 0 0 0 0 32150 0 33439 0 181936 0 0 0 KEITH THOMAS RIGHT OF WAY MANAGER 106069 0 0 0 0 0 32150 0 21881 0 160100 0 0 0 LISA HOOD HUMAN RESOURCE MANAGER 106953 0 0 0 0 0 32150 0 14148 0 153251 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 21,799 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 1,414. CHANGE IN APBO 40,439. 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.