2019-10-25T14:06:48-05:00 2019-06-30 620808829 WINNETT ASSOCIATES PLLC PO BOX 745 SHELBYVILLE TN 371620745 990 2018-07-01 620186725 DUCK RIVER ELECTRIC MEMBERSHIP CORP DUCK 9316844621 PO BOX 89 SHELBYVILLE TN 37162 SHELIA ORRELL DIRECTOR OF ACCT SVC 9316844621 2019-10-03 true PATRICK R LILE P01067422 9316847142 2019-10-10 X 12.23.251.2 2019-10-25 14:06:48 CD P 17F0DC9CC6706DC3A00946CC259962BE08CD3761 9866097C5355493D7185497BA8EBA15891077055 2018 2019-02-21 02:37:17Z SCOTT SPENCE PO BOX 89 SHELBYVILLE TN 37162 204581934 false X WWW.DREMC.COM X 1936 TN RURAL ELECTRIC DISTRIBUTION TO 76,586 MEMBERS LOCATED PRIMARILY IN BEDFORD, COFFEE, FRANKLIN, GILES, MARSHALL, MAURY AND MOORE COUNTIES IN MIDDLE TENNESSEE. 13 13 192 0 0 197219226 203427224 926666 864461 253138 290249 198399030 204581934 0 5868503 5639694 14306821 14877089 0 0 178223706 184065151 198399030 204581934 0 248711198 254595401 137045608 138818275 111665590 115777126 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 204581934 PROVIDING ELECTRIC SERVICE TO 76,586 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. 204581934 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 126 0 192 true false false false false false 201795744 1154710 false false false X 13 13 false 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 7.02 0.00 X X 20300 0 0 LAURA WILLIS SECRETARY 7.00 0.00 X X 16520 0 0 PHILIP DUNCAN DIRECTOR 5.45 0.00 X 16000 0 0 MIKE ENGLAND DIRECTOR 3.90 0.00 X 15630 0 0 JAMES BRENT WILLIS DIRECTOR 3.61 0.00 X 15260 0 0 JOHN MOSES TREASURER 5.02 0.00 X X 15260 0 0 DANA SALTERS DIRECTOR 3.49 0.00 X 14280 0 0 WAYNE TUCKER DIRECTOR 3.15 0.00 X 12880 0 0 BUFORD JENNINGS VICE CHAIRMA 3.94 0.00 X X 12460 0 0 BAXTER WHITE DIRECTOR 4.09 X 11680 0 0 ANTHONY KIMBROUGH DIRECTOR 3.65 0.00 X 11100 0 0 NELSON CROUCH DIRECTOR 3.20 0.00 X 10840 0 0 LYN STACEY DIRECTOR 5.00 0.00 X 6700 0 0 KENNETH STACEY DIRECTOR 6.00 0.00 X 6180 0 0 MICHAEL WATSON PRESIDENT AN 55.00 0.00 X 273560 0 84572 SHELIA ORRELL DIRECTOR OF 48.00 0.00 X 154570 0 54611 CHARLES MCDONALD INTERIM PRES X 0 0 0 PATRICK JORDAN DIRECTOR OF 48.00 0.00 X 151952 0 26313 DAVID YOUNG DIRECTOR OF 45.00 0.00 X 148728 0 64620 VALERIE MORROW DIRECTOR OF 50.00 0.00 X 127026 0 6296 JEFF HOLT SR. WORKING 48.00 0.00 X 121398 0 19398 JEFF HOCKADAY DISTR. OPER. 40.00 0.00 X 120151 0 33146 MICHAEL TREW DISTRICT MAN 40.00 0.00 X 117849 0 38985 1400324 327941 40 false true false SERVICE ELECTRIC COMPANY P O BOX 277790 ATLANTA GA 30384 METER READ/CREW 3818051 ELECTRICOM LLC P O BOX 319 PAOLI IN 47454 CONTR. -FIBER 1638419 CORNERSTONE INFORMATION SYSTEM 800 SOUTH MAIN STREET HOPKINSVILLE KY 42240 COMPUTER CONSUL 905527 MCKENZIE TREE SERVICE INC P O BOX 425 PARSONS TN 38363 TREE TRIMMING 726917 HBH HOLDINGS INC 1800 N CENTRAL STREET KNOXVILLE TN 37917 CONSTR. CREWS 544521 21 SALE OF ELECTRICITY 221000 197689371 197689371 MISCELLANEOUS 221000 4106373 4106373 POLE RENTAL 531190 1587677 1587677 DARK FIBER 531190 43803 43803 203427224 864461 864461 PATRONAGE CAPITAL REFUND 221000 290249 290249 290249 204581934 202085993 2495941 5639694 1171875 8608719 2419037 2032991 644467 164384 30449 290737 312629 471037 186595 429218 3345459 10916134 370547 COST OF ELECTRICITY SOLD 148730195 DISTRIB. MAINTENANCE EXP. 6872741 DISTRIB. OPERATIONS EXP. 4773319 ADMIN. AND GENERAL EXPENS 3763066 3408641 204581934 0 0 0 1430603 875310 29320620 21822596 13475790 13224845 3903117 4054631 1594012 1976215 678481 233977 312068182 107916885 190120775 204151297 8187800 8256530 248711198 254595401 30987097 31366777 78526179 77752388 27532332 29699110 137045608 138818275 X 785510 806560 110880080 114970566 111665590 115777126 248711198 254595401 X 0 4111536 X false true X true false 7491 7491 7491 true TENNESSEE ACTION COMMITTEE FOR RURAL ELECTRIFICATION P O BOX 100912 NASHVILLE TN 37224 620925545 7491 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). 2561592 2561592 27089187 13049081 14040106 15511676 9209647 6302029 266905727 85658157 181247570 204151297 POSTRETIREMENT BENEFITS 15809487 CUSTOMER DEPOSITS 7802724 OTHER LIABILITIES 3176081 ADVANCES FOR CONSTRUCTION 2910818 29699110 204581934 204581934 204581934 198942239 198942239 5639695 5639695 204581934 SCHEDULE D, PAGE 4, PART XII, LINE 4B NET MARGINS ASSIGNED TO MEMBERS: 5,639,695 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 true false MICHAEL WATSON PRESIDENT AND CEO 260531 13029 69517 15055 358132 SHELIA ORRELL DIRECTOR OF ACCT SVC 153484 1086 39328 15283 209181 PATRICK JORDAN DIRECTOR OF OPERATIO 150927 1025 17403 8910 178265 DAVID YOUNG DIRECTOR OF DIST.SVC 144620 4108 49337 15283 213348 JEFF HOCKADAY DISTR. OPER. SUPER 114566 5585 23097 10049 153297 MICHAEL TREW DISTRICT MANAGER 112548 5301 24021 14964 156834 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 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 23, 2019. 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 -4,330,012 ACTUARIAL LOSS-POSTRETIREMENT BEN. OBLIG. - HEALTH -199,542 AMORTIZATION-POSTRETIREMENT BEN. OBLIG.-HEALTH PLA 87,671 AMORTIZATION-POSTRETIREMENT BEN. OBLIG.-PENSION 3,148,117 INCREASE IN MEMBERSHIPS 21,050 NET MARGINS ALLOCATED TO MEMBERS 5,639,695 PLAN AMENDMENT-POSTRETIREMENT BEN. OBLIG.-HEALTH P -255,443 TOTAL 4,111,536