2018-09-24T07:43:17-05:00 2018-06-30 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1200 MARKET STREET CHATTANOOGA TN 37402 990 2017-07-01 620459672 TRI-STATE ELECTRIC MEMBERSHIP CORP TRI- 7064923251 PO BOX 68 MCCAYSVILLE GA 30555 STACY CHASTAIN GENERAL MANAGER 7064923251 2018-08-13 1 JERRY SMITH CPA P00104258 4237567771 2018-08-13 2017 2022-09-23 18:48:47Z STACY CHASTAIN PO BOX 68 MCCAYSVILLE GA 30555 36923983 0 X WWW.TSEMC.NET X 1971 TN TO PROVIDE ELECTRIC ENERGY TO RURAL AREAS. 7 7 45 0 0 0 113806 113806 34795878 36034748 314424 209650 536236 563504 35760344 36921708 0 0 0 0 4380494 4427453 0 0 0 30631932 32002483 35012426 36429936 747918 491772 59053279 60516978 30962638 31315311 28090641 29201667 TO PROVIDE ENERGY TO RURAL AREAS. 0 0 36429936 36921708 PROVIDE ELECTRIC ENERGY AND RELATED SERVICES TO RURAL AREAS. THE COOPERATIVE SERVICES 19,136 CUSTOMERS. 36429936 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 28 0 1 45 1 0 0 0 0 0 0 0 36034748 676805 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 2725 0 20919 JESSE MILLER VICE PRESIDENT 5.00 X 2275 0 28621 MARY LOUISE LANDRUM SECRETARY/TREASURER 4.00 X 2275 0 10843 JIM QUINTRELL DIRECTOR 3.00 X 2275 0 10861 BILL JOE POSTELL DIRECTOR 6.00 X 2275 0 10850 HOUSTON ROGERS DIRECTOR 5.00 X 2275 0 10861 TOM STILES DIRECTOR 3.00 X 2275 0 10843 STACY CHASTAIN GENERAL MANAGER 40.00 X 179206 0 85436 CHRIS HULSEY HUMAN RESOURCE MANAGER 40.00 X 101539 0 58440 TERRY ARP OPERATIONS MANAGER 40.00 X 112794 0 52690 409914 0 300364 3 0 1 0 REAL TREE SERVICES 474 PINE RIDGE ROAD FARNER TN 37333 RIGHT OF WAY SERVICE 1638068 PATTERSON & DEWAR ENGINEERS PO BOX 2808 NORCROSS GA 30091 ENGINEERING 105319 2 113806 113806 ENERGY SALES 221000 35962688 35962688 SERVICE SALES 221000 72060 72060 36034748 209650 209650 562999 0 562999 562999 562999 2780 2275 505 505 36921708 36244903 0 562999 3783395 399479 244579 23481 32455 82735 184909 12384 932748 2378846 100795 COST OF POWER 24266478 DISTRIBUTION 4720936 CUSTOMER ACCOUNTS 973093 TAXES 300548 -2006925 36429936 8576598 9199022 1685342 1768571 1094844 1077654 837636 837419 1661038 1554677 70511837 25818645 43602234 44693192 677054 689935 918533 696508 59053279 60516978 4960983 6038822 20920618 20653216 5081037 4623273 30962638 31315311 X 70390 71745 0 0 28020251 29129922 28090641 29201667 59053279 60516978 X 491772 619254 X X 0 1 X 1 0 198419 198419 3012980 1065664 1947316 67066112 24752981 42313131 234326 234326 44693192 CUSTOMER DEPOSITS 1518616 HEAT PUMP LOANS 754224 POSTRETIREMENT BENEFITS 2350433 4623273 X 36921708 0 36921708 0 36921708 36429936 0 36429936 0 36429936 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, 2015 THROUGH JUNE 30, 2018, THE YEARS THAT REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS JUNE 30, 2018. SCHEDULE D PART VI, LINE 1E THE AMOUNT OF $234,326 IS MADE UP OF CONSTRUCTION WORK IN PROGRESS. X 0 0 0 STACY CHASTAIN GENERAL MANAGER 179206 0 0 0 0 0 0 0 85436 0 264642 0 0 0 CHRIS HULSEY HUMAN RESOURCE MANAGER 101539 0 0 0 0 0 0 0 58440 0 159979 0 0 0 TERRY ARP OPERATIONS MANAGER 112794 0 0 0 0 0 0 0 52690 0 165484 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 19,136 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 1,355. CHANGE IN APBO 617,900. ROUNDING -1. 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.