2019-09-24T09:51:50-05:00 2019-06-30 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1200 MARKET STREET CHATTANOOGA TN 37402 990 2018-07-01 620459672 TRI-STATE ELECTRIC MEMBERSHIP CORP TRI- 7064923251 PO BOX 68 MCCAYSVILLE GA 30555 STACY CHASTAIN GENERAL MANAGER 7064923251 2019-09-24 1 KIM HUSKEY CPA P00958962 4237567771 2019-09-24 64.88.174.3 2019-09-24 10:50:49 ED P 6969170077ED42ABEADA94214BD9AB71A7B3AB0D 26D841ECEEBEB27A38A644CE15D674FA9DB7564F 2018 2019-02-21 02:37:17Z STACY CHASTAIN PO BOX 68 MCCAYSVILLE GA 30555 37684874 0 X WWW.TSEMC.NET X 1971 TN TO PROVIDE ELECTRIC ENERGY TO RURAL AREAS. 7 7 44 0 0 0 113806 113806 36034748 36909752 209650 79504 563504 577709 36921708 37680771 0 0 0 0 4427453 4276428 0 0 0 32002483 32505109 36429936 36781537 491772 899234 60516978 61787821 31315311 31539904 29201667 30247917 TO PROVIDE ENERGY TO RURAL AREAS. 0 0 36781537 37680769 PROVIDE ELECTRIC ENERGY AND RELATED SERVICES TO RURAL AREAS. THE COOPERATIVE SERVICES 19,449 CUSTOMERS. 36781537 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 25 0 1 44 1 0 0 0 0 0 0 0 36909752 689178 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 2575 0 22256 JESSE MILLER VICE PRESIDENT 5.00 X 2275 0 29582 MARY LOUISE LANDRUM SECRETARY/TREASURER 4.00 X 2275 0 11414 JIM QUINTRELL DIRECTOR 3.00 X 2275 0 11432 BILL JOE POSTELL DIRECTOR 6.00 X 2275 0 11421 HOUSTON ROGERS DIRECTOR 5.00 X 2275 0 11432 TOM STILES DIRECTOR 3.00 X 2275 0 11414 CHRIS HULSEY HUMAN RESOURCE MANAGER 40.00 X 99835 0 56692 TERRY ARP OPERATIONS MANAGER 40.00 X 113990 0 51274 DAVID LEWIS IT MANAGER 40.00 X 94874 0 56692 BARBARA WILCOX OFFICE MANAGER 40.00 X 78920 0 43323 KEITH THOMAS RIGHT OF WAY MANAGER 40.00 X 91163 0 56514 LISA HOOD HUMAN RESOURCE MANAGER 40.00 X 91825 0 51247 CHRISTY SETSER FINANCE MANAGER 40.00 X 96849 0 56497 STACY CHASTAIN GENERAL MANAGER 40.00 X 173481 0 83628 857162 0 564818 2 0 1 0 REAL TREE SERVICES 474 PINE RIDGE ROAD FARNER TN 37333 RIGHT OF WAY SERVICE 1793379 PATTERSON & DEWAR ENGINEERS PO BOX 2808 NORCROSS GA 30091 ENGINEERING 255191 2 113806 113806 ENERGY SALES 221000 36835972 36835972 SERVICE SALES 221000 73780 73780 36909752 79504 79504 575372 0 575372 575372 575372 6440 4103 2337 2337 37680771 36991593 0 575372 3722432 308105 245891 16552 26316 69818 195174 15671 986630 2611681 105148 COST OF POWER 24376310 DISTRIBUTION 4804084 CUSTOMER ACCOUNTS 978237 TAXES 316632 -1997144 36781537 9199022 10397387 1768571 1799202 1077654 1120957 837419 929367 1554677 1400427 72396795 27427260 44693192 44969535 689935 699210 696508 471736 60516978 61787821 6038822 5019539 20653216 21936698 4623273 4583667 31315311 31539904 X 71745 73295 0 0 29129922 30174622 29201667 30247917 60516978 61787821 X 899234 147018 X X 0 1 X 1 0 198419 198419 3028662 1125874 1902788 68792651 26301386 42491265 377063 377063 44969535 CUSTOMER DEPOSITS 1598652 HEAT PUMP LOANS 767318 POSTRETIREMENT BENEFITS 2217697 4583667 X 37680771 0 37680771 0 37680771 36781537 0 36781537 0 36781537 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, 2016 THROUGH JUNE 30, 2019, THE YEARS THAT REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS JUNE 30, 2019. SCHEDULE D PART VI, LINE 1E THE AMOUNT OF $377,063 IS MADE UP OF CONSTRUCTION WORK IN PROGRESS. X 0 0 0 CHRIS HULSEY HUMAN RESOURCE MANAGER 99835 0 0 0 0 0 0 0 56692 0 156527 0 0 0 TERRY ARP OPERATIONS MANAGER 113990 0 0 0 0 0 0 0 51274 0 165264 0 0 0 DAVID LEWIS IT MANAGER 94874 0 0 0 0 0 0 0 56692 0 151566 0 0 0 CHRISTY SETSER FINANCE MANAGER 96849 0 0 0 0 0 0 0 56497 0 153346 0 0 0 STACY CHASTAIN GENERAL MANAGER 173481 0 0 0 0 0 0 0 83628 0 257109 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 19,449 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 1,550. CHANGE IN APBO 145,468. 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.