2017-05-12T07:30:25-05:00 2016-12-31 161117932 BUFFAMANTE WHIPPLE BUTTAFARO PC 201 WEST THIRD STREET JAMESTOWN NY 14701 990 2016-01-01 240744667 TRI-COUNTY ELECTRIC COOPERATIVE TRI- 5706622175 22 MAIN STREET MANSFIELD PA 16933 CRAIG ECCHER PRESIDENT & CEO 5706622175 2017-05-12 1 DAVID V DITANNA CPA P01368498 7166645104 72.45.244.226 2017-05-12 08:29:43 ED P C1641C755FAE8BFA68E5F255C356D4C173D5CA7F E5BD525FC50DAD61E144D01FF2A687F1F5CA4450 2016 2021-01-29 14:40:06Z CRAIG ECCHER 22 MAIN STREET MANSFIELD PA 16933 30500611 0 X WWW.TRI-COUNTYREC.COM X 1937 PA PROVISION OF ELECTRICITY ON A COOPERATIVE BASIS TO MEMBERS IN RURAL PA 9 5 54 0 0 0 0 0 0 0 44594 47843 15746848 16077032 15791442 16124875 0 0 1294218 1292288 384452 417868 0 0 0 12447710 13011403 14126380 14721559 1665062 1403316 88970752 91572347 59232135 59934033 29738617 31638314 PROVISION OF ELECTRICITY, ON A COOPERATIVE BASIS, TO MEMBERS IN RURAL PA 0 0 PROVISION OF ELECTRICITY, ON A COOPERATIVE BASIS, TO MEMBERS IN RURAL PA 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 28 0 1 54 1 0 0 0 0 0 0 0 0 0 28727936 1430820 0 X 9 5 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X BARBARA CARLETON 5706622175 22 MAIN STREET MANSFIELD PA 16933 DONALD BLACKWELL DIRECTOR 4.00 X 2000 0 0 ALFRED CALKINS VICE CHAIRMAN 4.00 X X 10750 0 0 JAMES DAVIS DIRECTOR 4.00 X 8000 0 0 ALSTON TEETER TREASURER & SECRETARY 4.00 X X 10500 0 0 NICHOLAS REITTER DIRECTOR 4.00 X 11750 0 0 GERALD A KITE DIRECTOR 4.00 X 4000 0 0 FERD IRISH DIRECTOR 4.00 X 1750 0 0 LOWELL GEISER DIRECTOR 4.00 X 12500 0 0 MATTHEW WHITING CHAIRMAN 4.00 X X 14500 0 0 GAYLON CLINTON DIRECTOR 4.00 X 500 0 0 GERALD KRINER DIRECTOR 4.00 X 4500 0 0 CRAIG ECCHER PRESIDENT & CEO 30.00 X 131299 0 45886 BARBARA CARLETON DIRECTOR OF FINANCE 40.00 X 105734 0 54199 JOHN LYKENS ENGINEERING DIRECT 40.00 X 136717 0 59847 454500 0 159932 3 0 1 0 ASPLUNDH TREE EXPERT CO PO BOX 532729 ATLANTA GA 30353 TREE TRIMMING 934398 LEWIS TREE SERVICE PO BOX 731897 DALLAS TX 75373 TREE TRIMMING 120564 2 47843 47843 28730875 14375736 14355139 14355139 EQUITY IN EARNINGS OF SUB 221000 671260 671260 PATRONAGE CAPITAL CREDITS 221000 584151 584151 POLE ATTACHMENT REVENUE 221000 366420 366420 100062 100062 1721893 16124875 15492881 0 631994 1292288 417868 2336599 2590112 DISTRIBUTION MAINTENANC 3519632 DISTRIBUTION OPERATIONS 1893226 ADMINISTRATION AND GEN 1560603 CONSUMER ACCOUNTS 595133 516098 14721559 1079779 1363625 3736003 3821281 766329 768865 26960 21849 100556171 35657204 63315140 64898967 18366821 19203828 1679720 1493932 88970752 91572347 3554113 3491148 52022225 52788600 3655797 3654285 59232135 59934033 X 0 0 0 0 29738617 31638314 29738617 31638314 88970752 91572347 X 1403316 496381 X 0 1 X 1 0 116342 116342 2405733 1701682 704051 95815885 33955522 61860363 2218211 2218211 64898967 INVESTMENT IN ASSOCIATED ORGANIZATIONS 19203828 C 19203828 DEFERRED CREDITS 183210 ACCUMULATED POST RETIREMENT BENEFIT OBLIGATION 2121075 ACCUMULATED PROVISION FOR STORMS 350000 REVENUE DEFERRAL PLAN 1000000 3654285 30500611 14375736 14375736 16124875 0 16124875 27805007 14375676 14375676 13429331 1292228 1292228 14721559 PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF POWER PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF POWER PART XII, LINE 4B - OTHER ADJUSTMENTS: CURRENT YEAR MARGINS TO BE ALLOCATED TO MEMBERS PART X, LINE 2 THE COOPERATIVE IS EXEMPT FROM TAXES ON INCOME PURSUANT TO SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. CONSEQUENTLY, THE FINANCIAL STATEMENTS REFLECT NO PROVISION FOR TAXES ON INCOME. INCOME TAX RETURNS THAT REMAIN OPEN FOR EXAMINATION BY TAXING AUTHORITIES INCLUDE 2013 AND LATER YEARS. PART XII, LINE 4B THE IRS REQUIRES THE ALLOCATION OF CURRENT YEAR MARGINS TO BE REPORTED ON THE STATEMENT OF FUNCTIONAL EXPENSES LINE 4 AS BENEFITS PAID TO OR FOR MEMBERS. UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, ALLOCATIONS OF CAPITAL CREDITS ARE NOT SHOWN AS EXPENSES ON THE COOPERATIVE'S STATEMENT OF ACTIVITIES BUT RATHER ARE ALLOCATED TO MEMBERS THROUGH EQUITY. THEREFORE, THIS RECONCILING ITEM IS NECESSARY TO SHOW THE DIFFERENCES BETWEEN THE IRS FORM 990 AND THE AUDITED FINANCIAL STATEMENTS. X 0 0 0 CRAIG ECCHER PRESIDENT & CEO 126899 0 4400 0 0 0 32203 0 13683 0 177185 0 0 0 BARBARA CARLETON DIRECTOR OF FINANCE 105734 0 0 0 0 0 28551 0 25648 0 159933 0 0 0 JOHN LYKENS ENGINEERING DIRECT 136717 0 0 0 0 0 36726 0 23121 0 196564 0 0 0 CRAIG ECCHER CEO AND PRESIDENT 3764445 MGMT SERVICES PAID TO C&T ENTERPRISES - SERVES AS CEO AND PRESIDENT OF THE COOPERATIVE AND IS A DIRECTOR FOR C&T ENTERPRISES - A FOR-PROFIT HOLDING COMPANY OWNED BY TRI-COUNTY AND CLAVERACK. 0 ALSTON TEETER DIRECTOR 3764445 MGMT SERVICES PAID TO C&T ENTERPRISES - SERVES AS A DIRECTOR FOR THE COOPERATIVE AND FOR C&T ENTERPRISES - A FOR-PROFIT HOLDING COMPANY OWNED BY TRI-COUNTY AND CLAVERACK. 0 ALFRED CALKINS DIRECTOR 3764445 MGMT SERVICES PAID TO C&T ENTERPRISES - SERVES AS A DIRECTOR FOR THE COOPERATIVE AND FOR C&T ENTERPRISES - A FOR-PROFIT HOLDING COMPANY OWNED BY TRI-COUNTY AND CLAVERACK. 0 LOWELL GEISER DIRECTOR 3764445 MGMT SERVICES PAID TO C&T ENTERPRISES - SERVES AS A DIRECTOR FOR THE COOPERATIVE AND FOR C&T ENTERPRISES - A FOR-PROFIT HOLDING COMPANY OWNED BY TRI-COUNTY AND CLAVERACK. 0 JAMES DAVIS DIRECTOR 3764445 MGMT SERVICES PAID TO C&T ENTERPRISES - SERVED AS A DIRECTOR FOR THE COOPERATIVE AND FOR C&T ENTERPRISES - A FOR-PROFIT HOLDING COMPANY OWNED BY TRI-COUNTY AND CLAVERACK. 0 FORM 990, PART VI, SECTION A, LINE 3 TRI-COUNTY RURAL ELECTRIC COOPERATIVE, INC. IS A PARTY TO A MANAGEMENT SERVICES CONTRACT WITH C&T ENTERPRISES, INC. C&T ENTERPRISES IS A FOR-PROFIT HOLDING COMPANY WHICH IS OWNED BY TRI-COUNTY RURAL ELECTRIC COOPERATIVE, INC. AND CLAVERACK RURAL ELECTRIC COOPERATIVE. TRI-COUNTY AND CLAVERACK EACH OWN 50% OF THE STOCK OF C&T ENTERPRISES. UNDER THE TERMS OF THE CONTRACT, C&T ASSIGNS EMPLOYEES TO TRI-COUNTY AND PROVIDES ALL PAYROLL AND RELATED SERVICES. C&T ALSO ADMINISTERS THE PAYROLL AND BENEFITS OF THE TRI-COUNTY PRESIDENT AND CEO. FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE RURAL ELECTRIC COOPERATIVE ARE CONSUMERS OF ELECTRICITY FORM 990, PART VI, SECTION A, LINE 7A GOVERNING BODY IS ELECTED BY MEMBERS BY BALLOT VOTE FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WAS PROVIDED TO ALL BOARD MEMBERS EITHER ELECTRONICALLY OR IN A PAPER FORMAT. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL REVIEW AND SIGNATURE OF CONFLICT OF INTEREST POLICIES. CONFLICTS ARE SUMMARIZED AND PROVIDED TO BOARD MEMBERS BY MANAGEMENT SO THAT ANY ISSUES CAN BE RESOLVED. FORM 990, PART VI, SECTION B, LINE 15 AN OUTSIDE CONSULTANT PROVIDES THE BENCHMARKS FOR THE DIFFERENT TIERS OF EMPLOYEES. THESE FIGURES ARE PROVIDED TO THE BOARD. THE BOARD THEN APPROVES THE BENCHMARKS. THE BOARD APPROVES THE CEO'S SALARY, WHILE THE CEO APPROVES THE DEPARTMENT DIRECTORS' SALARIES BASED ON THE BENCHMARKS AND THE BUDGET APPROVED BY THE BOARD. THESE BENCHMARKS ARE UPDATED EVERY FEW YEARS. THE CEO'S SALARY IS INCLUDED IN AN AGREEMENT BETWEEN THE CEO, TRI-COUNTY AND C&T ENTERPRISES, INC., A TAXABLE HOLDING COMPANY IN WHICH TRI-COUNTY OWNS 50%. THE CEO AND PRESIDENT OF TRI-COUNTY ALSO SERVES AS THE CEO AND PRESIDENT OF WELLSBORO ELECTRIC COMPANY, A SUBSIDIARY OF C&T ENTERPRISES. THE CEO AND PRESIDENT HAS A SIMILAR AGREEMENT BETWEEN WELLSBORO AND C&T ENTERPRISES. FORM 990, PART VI, SECTION C, LINE 19 COPY AVAILABLE AT MAIN OFFICE FORM 990, PART XI, LINE 9: RETIREMENT OF CAPITAL CREDITS -950,908. CHANGE IN UNCLAIMED CAPITAL CREDITS 75,514. GAIN ON RETIREMENT OF CAPITAL CREDITS 79,487. CURRENT YEAR MARGINS TO BE ALLOCATED TO MEMBERS 1,292,288. FORM 990, PART XI, LINE 9, CHANGE IN NET ASSETS: THE IRS REQUIRES THE ALLOCATION OF CURRENT YEAR MARGINS TO BE REPORTED ON THE STATEMENT OF FUNCTIONAL EXPENSES LINE 4 AS BENEFITS PAID TO OR FOR MEMBERS.