2019-05-08T12:00:13-00:00 2018-12-31 990 2018-01-01 560432086 Tri-County Electric Membership Corporation TRI- 9197352611 PO Box 130 Dudley NC 283330130 J Michael Davis General Manager 2019-05-07 false 74.167.252.53 2019-05-09 22:34:21 ED P B5956AD285F0E1C5A0318DF06D3AEDEFB76D00F2 C4CECE13B3644F68F54DB4EE079A24FB96E1C7E5 2018 2019-02-21 02:37:17Z Carl Kornegay 939 N Breazeale Avenue Mount Olive NC 28365 57641047 false X www.tcemc.com X 1940 NC Electric Cooperative providing electricity to its membership. 11 11 54 0 0 54043346 56863130 135648 268601 476915 509316 54655909 57641047 0 2784142 2998033 0 0 0 49953164 55441358 52737306 58439391 1918603 -798344 90730379 95709686 60671797 63442432 30058582 32267254 Electric cooperative providing electric power to its membership. false false Not Applicable false false false false false false false false false true false false false true false false 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 false false false false 31 0 true 54 true false false false false false false false 56863130 false false false X 11 11 false false false false true true true true true false false true true true true true true true true false X TRI-COUNTY EMC 9197352611 4255 HWY 117 ALT DUDLEY NC 28333 Carl Kornegay President 008.00 X X 23762 0 0 Worth Overman Director 004.00 X 15980 0 0 Dallace J Grady Director 003.00 X 9861 0 0 Keith Beavers Director 005.00 X 22668 0 0 Randy McCullen Director 005.00 X 22213 0 0 William Farmer Jr Secretary 008.00 X X 26521 0 0 Brandy S Rouse Director 003.00 X 8974 0 0 Jennings Outlaw Vice-President 005.00 X X 17859 0 0 David Ray Vinson Treasurer 005.00 X X 18359 0 0 Jeff Henderson Director 003.00 X 12414 0 0 Patrick Lynch Director 003.00 X 5771 0 0 J Michael Davis General Manager 060.00 X 248146 0 0 Tony A Grantham Manager of Engineering 055.00 X 161482 0 0 Michael A Wood Manager of Operations 055.00 X 150576 0 0 Kenneth E Davis Jr Manager - Finance Admin. 055.00 X 165652 0 0 Jeff W Kennedy Foreman 055.00 X 121672 0 0 Glenda S Barwick Accountant 040.00 X 109318 0 0 Claude Jones IV Foreman 055.00 X 100756 0 0 Robert B Kornegay Manager - Customer Service 055.00 X 116301 0 0 Ricky L Richardson Foreman 055.00 X 105815 0 0 Roy A Beavers Lineman 1st Class 055.00 X 105871 0 0 Stephanie J Brown Staff Accountant 040.00 X 102628 0 0 James Cozine Lineman 1st Class 055.00 X 101928 0 0 Anthony Denning Working Foreman 055.00 X 101671 0 0 William Fischer Working Forman 055.00 X 105798 0 0 Todd Harrell Lineman 1st Class 055.00 X 100855 0 0 Ralph Kelly Lineman 1st Class 055.00 X 109219 0 0 Ronnie Miller Staking Engineer 055.00 X 101168 0 0 Jerry Mozingo Lineman 1st class 055.00 X 105206 0 0 David Thornton System Engineer 055.00 X 105434 0 0 Luther Carroll Former Director X 11557 0 0 2515435 19 true true false John J Rowe Co 6640 Malpass Corner Rd Currie NC 28435 Right-of-Way Clearing 250956 Mastec North America Inc 209 Art Bryan Dr Asheboro NC 27203 Line Construction 316929 Hobgood Equipment Repair 421 Parker Rd Eagle Springs NC 27242 Equipment Repair Maintenance 132046 Burfords Tree Service PO Box 532729 Atlanta GA 303532729 Right of Way Clearing 313825 Lee Electrical Construction PO Box 55 Aberdeen NC 28315 Electrical Construction 648198 5 Sale and Distribution of Electric 221000 56863130 56863130 268601 27621 27621 27621 Patronage Capital 477928 Miscellaneous 3767 481695 57641047 0 0 0 2998033 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1652532 0 3285003 0 Cost of Power 40935629 Transmission Expense 18232 Distribution Expense 4443523 Consumer Accounts Expense 2696556 2409883 58439391 2935705 4602648 2000000 5000000 8720868 7701809 2491508 2250965 459788 861681 126542 205785 112278455 40483460 70106843 71794995 2677790 2867665 1211335 424138 90730379 95709686 4345205 4052021 52463794 55042368 3862798 4348043 60671797 63442432 X 30058582 32267254 30058582 32267254 90730379 95709686 X -798344 3007016 X X false true X false false false 194247 194247 3638068 1361561 2276507 2163414 2163414 22442172 5654954 16787218 83840554 33466945 50373609 71794995 Financial derivatives and other financial products Closely-held equity interests Federal income taxes Consumer Deposits 1798966 Current Maturities of LTD 2253654 Customer Advance for Construction 295423 4348043 J Michael Davis General Manager Tony A Grantham Manager of Engineering Michael A Wood Manager of Operations Kenneth E Davis Jr Manager - Finance Admin. Luther Carroll Former Director Form 990, Part XI, Line 9 There was an increase in an equity adjustment for accumulated pension and benefits required by professional standards of 3,006,856. There was an increase in membership fees of 160. Form 990, Part XII, Line 2c Tri-County EMC does not have a specific audit committee. The Board as a whole assumes responsibility and oversight of the audit and the selection of the independent auditor. Form 990, Part VI, Section B, Line 11b The Form 990 is presented to the governing board prior to maiing at the regular monthly meeting. Form 990, Part VI, Section B, Line 12c The policy is reviewed each year during the Board of Directors meeting to make all board members aware of the policy and acknowledge their compliance. Form 990, Part VI, Section B, Line 15 and 15b Each year the General Manager receives a survey of salaries paid for all positions throughout the State. The Board of Directors reviews this information and determines the appropriate salary for the General Manager during the Executive Session. Salaries for other key personnel are also reviewed and approved by the Board. Form 990, Part VI, Section C, Line 19 The audited financial statements are included in the annual reports. When the newsletter is published announcing the annual meeting of the members, statements about conflicts of interest are included.