2016-11-04T15:26:55-05:00 2016-06-30 620808829 WINNETT ASSOCIATES PLLC PO BOX 745 SHELBYVILLE TN 371620745 990 2015-07-01 620186725 DUCK RIVER ELECTRIC MEMBERSHIP CORP DUCK 9316844621 PO BOX 89 SHELBYVILLE TN 37162 SHELIA ORRELL DIRECTOR OF ACCT SVC 9316844621 2016-10-07 true PATRICK R LILE P01067422 9316847142 2016-10-13 X 2015 2017-02-10 21:41:12Z MICHAEL WATSON PO BOX 89 SHELBYVILLE TN 37162 180510093 false X DREMC.COM X 1936 TN RURAL ELECTRIC DISTRIBUTION TO 73,557 MEMBERS LOCATED PRIMARILY IN BEDFORD, COFFEE, FRANKLIN, GILES, MARSHALL, MAURY AND MOORE COUNTIES IN MIDDLE TENNESSEE. 13 13 179 0 0 187416613 178901365 1022102 1437485 143212 136502 188581927 180475352 0 2851446 1235673 13545034 13982756 0 0 172185447 165256923 188581927 180475352 0 240112879 238173647 136937490 135603192 103175389 102570455 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 180475352 PROVIDING ELECTRIC SERVICE TO 73,557 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. 180475352 false false false 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 94 0 179 true false false false false false 177457330 1573987 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 JAMES BRENT WILLIS CHAIRMAN 5.05 X X 17340 0 0 LAURA WILLIS DIRECTOR 5.77 X 13420 0 0 JOHN MOSES TREASURER 4.83 X X 13040 0 0 BUFORD JENNINGS VICE CHAIRMA 4.31 X X 12440 0 0 BARRY COOPER SECRETARY 4.44 X X 11500 0 0 WAYNE TUCKER DIRECTOR 2.91 X 11420 0 0 MIKE ENGLAND DIRECTOR 4.46 X 11020 0 0 KENNETH STACEY DIRECTOR 3.19 X 10840 0 0 PHILIP DUNCAN DIRECTOR 4.92 X 10320 0 0 ROBERT DUBOIS DIRECTOR 2.69 X 9580 0 0 ANTHONY KIMBROUGH DIRECTOR 3.31 X 9050 0 0 BAXTER WHITE DIRECTOR 2.15 X 9040 0 0 NELSON CROUCH DIRECTOR 3.24 X 8560 0 0 MICHAEL WATSON PRESIDENT AN 50.00 X 239962 0 85110 SHELIA ORRELL DIRECTOR OF 47.00 X 133422 0 51227 STEVE ODEN DIRECTOR OF 55.00 X 151969 0 37179 DAVID YOUNG DISTRICT MAN 45.00 X 142821 0 37700 BLAKE BUTLER DIRECTOR OF 44.00 X 142088 0 49640 PATRICK JORDAN DIRECTOR OF 45.00 X 133437 0 20527 MARK BROTHERS WORKING FORE 53.00 X 128124 0 37010 1219393 318393 18 false true false SERVICE ELECTRIC COMPANY P O BOX 277790 ATLANTA GA 30384 METER READ/CREW 2214791 T&D SOLUTIONS LLC PO BOX 11948 ALEXANDRIA LA 71315 LINE CONSTRUCTI 1584998 WOLF TREE INC PO BOX 74071 CLEVELAND OH 44194 TREE TRIMMING 1446015 SAIN CONSTRUCTION 713 VINCENT ST MANCHESTER TN 37355 CONSTRUCTION 777611 ABC PROFESSIONAL TREE SERVICES INC 201 FLINT RIDGE RD SUITE 201 WEBSTER TX 77598 TREE TRIMMING 386310 13 SALE OF ELECTRICITY 221000 174680905 174680905 MISCELLANEOUS 221000 2776425 2776425 POLE RENTAL 531190 1444035 1444035 178901365 941812 941812 530414 34741 495673 495673 495673 PATRONAGE CAPITAL REFUND 221000 136502 136502 136502 180475352 178089505 2385847 1235673 687720 8071416 2426346 2167805 629469 105353 25690 312047 263890 398658 148423 446149 3739149 9612501 352709 COST OF ELECTRICITY SOLD 135667517 DISTRIB. MAINTENANCE EXP. 5202887 DISTRIB. OPERATIONS EXP. 4023646 CUSTOMER ACCOUNTS EXPENSE 2720339 2237965 180475352 0 0 0 1623491 1750096 37984143 35406946 12681437 12058559 1529883 1422107 5195308 4921709 263078260 87730716 173232234 175347544 7866383 7266686 240112879 238173647 28008552 27955864 83414570 80262163 25514368 27385165 136937490 135603192 X 758140 766040 102417249 101804415 103175389 102570455 240112879 238173647 0 -604934 X false true X true false 2036691 2036691 23001980 7997005 15004975 11235265 7650684 3584581 226804324 72083027 154721297 175347544 POSTRETIREMENT BENEFITS 15547946 CUSTOMER DEPOSITS 7213459 OTHER LIABILITIES 3259406 ADVANCES FOR CONSTRUCTION 1364354 27385165 180475352 180475352 180475352 179239679 179239679 1235673 1235673 180475352 SCHEDULE D, PAGE 4, PART XII, LINE 4B NET MARGINS ALLOCATED TO MEMBERS: 1,235,673 SCHEDULE D, PAGE 4, PART XIII NET MARGINS ALLOCATED TO MEMBERS ARE REPORTED ON FORM 990, PART IX, LINE 4. THE COOPERATIVE IS PROHIBITED FROM THE RETIREMENT OF THESE MEMBER- ALLOCATED MARGINS BY ITS REGULATOR, THE TENNESSEE VALLEY AUTHORITY. X true true X X X X X X false true false MICHAEL WATSON PRESIDENT AND CEO 229481 10481 74862 10248 325072 SHELIA ORRELL DIRECTOR OF ACCT SVC 129555 3867 41687 9540 184649 STEVE ODEN DIRECTOR OF MEMBER S 148992 2977 28875 8304 189148 DAVID YOUNG DISTRICT MANAGER 136033 6788 28131 9569 180521 BLAKE BUTLER DIRECTOR OF ENGINEER 140249 1839 40071 9569 191728 PATRICK JORDAN DIRECTOR OF OPERATIO 132844 593 12342 8185 153964 MARK BROTHERS WORKING FOREMAN 127131 993 27830 9180 165134 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 19, 2016. 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 SELECTED BY THE BOARD, 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 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. THE COOPERATIVE'S CONFLICT OF INTEREST POLICIES ARE ALSO POSTED ON THE COOPERATIVE'S WEBSITE. FORM 990, PART XI, LINE 9 ACTUARIAL LOSS-POSTRETIREMENT BEN OBLIG.-PENSION -3,405,193 ACTUARIAL GAIN-POSTRETIREMENT BEN. OBLIG. - HEALTH 128,035 AMORTIZATION-POSTRETIREMENT BEN. OBLIG.-HEALTH PLA 141,158 AMORTIZATION-POSTRETIREMENT BEN. OBLIG.-PENSION 200,176 INCREASE IN MEMBERSHIPS 7,900 RETIREE HEALTH PLAN AMENDMENT -227,548 SETTLEMENT LOSS-PENSION PLAN 1,380,150 NET MARGINS ALLOCATED TO MEMBERS 1,235,673 AMORTIZATION-RETIREE HEALTH COST-SHARE PLAN -65,285 TOTAL -604,934