2025-11-17T09:29:57-06:00 2024-12-31 631035228 Jackson Thornton & Co PC PO Box 96 Montgomery AL 361010096 990 2024-01-01 620293472 Middle Tennessee Electric Membership Corporation MIDD 6154941582 555 New Salem Highway Murfreesboro TN 37129 Chris Jones President/CEO 6154941582 2025-11-14 1 1 Richard B Compton P03317491 3348347660 2025-11-14 2024 2025-03-06 01:10:19Z Chris Jones 555 New Salem Highway Murfreesboro TN 37129 991372854 0 X www.mtemc.com X 1936 TN Middle Tennessee Electric Membership Corporation's mission is to provide affordable, reliable, safe electricity and outstanding member service. 12 12 558 0 0 0 0 0 885790215 977795129 2270295 2681756 9261725 10715729 897322235 991192614 388443 331963 25817231 55155877 5144027 5394937 0 0 0 865972534 930309837 897322235 991192614 0 0 1148117576 1248197177 548438314 593828384 599679262 654368793 Middle Tennessee Electric Membership Corporation's mission is to provide affordable, reliable, safe electricity and outstanding member service. 0 0 Middle Tennessee Electric Membership Corporation distributes electricity to about 349,500 residential and commercial members located in Cannon, Rutherford, Williamson, and Wilson counties. This service area includes parts of Davidson, DeKalb, Marshall, Maury, Smith, and Trousdale counties as well. 0 0 1 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 210 0 1 558 1 0 0 0 0 0 977795129 5378683 0 0 0 X 12 12 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 0 X Cindy Layne 6154941582 555 New Salem Highway Murfreesboro TN 37129 Ann Little Director 4.00 X 5100 0 0 James E Mills Board Vice Chairman 9.00 X X 33740 0 0 Ross Bradley Director 15.00 X 34740 0 0 Harold Gordon Bone Jr Director 13.50 X 35550 0 0 Gloria O'Steen Director 10.00 X 33730 0 0 David Lee Director 15.00 X 35710 0 0 Shervondalonn Brown Director 7.00 X 17850 0 0 Mike Woods Director 14.50 X 35730 18600 0 Lynn Edwards Director 15.00 X 14450 0 0 Steve Seger Board Chairman 18.00 X X 48490 18450 0 Charles Bowman Director 13.00 X 35360 0 0 Will Jordan Director 18.00 X 32520 18450 0 Vanessa James Hickman Board Secretary/Treasurer 6.00 X X 34330 0 0 Maureen Thornton Director 8.50 X 24250 0 0 Chris Jones President/CEO 58.00 X 1030300 0 343454 Cindy Layne CFO 55.00 X 319623 0 99631 P D Mynatt Assistant General Manager 40.00 X 287785 0 70816 Brad Gibson COO 59.00 X 440712 18450 136517 Robert White VP of Comm Rel & Mem Svcs 40.00 X 267883 0 106808 Keith Thomason VP Engineering 41.00 X 236848 0 167841 Gray Bateman CHRO 55.00 X 304503 0 184479 Tuan Blank VP of Finance 55.00 X 249998 0 52404 Dan Dement VP of Operations 50.00 X 245308 0 88596 John Harris VP of IS and Tech 50.00 X 230094 0 109787 Dan C Bonds Lineman 60.00 X 245554 0 49933 Adam Fewell Working Foreman 60.00 X 233049 0 78008 Lori Williams Special Proj Mgr 40.00 X 412109 0 40166 Anthony Brown Asst Ops Supv 40.00 X 302722 0 12706 Tim Mayo Ops Supv 40.00 X 290327 0 12933 5518365 73950 1554079 315 0 1 0 Service Electric Company PO Box 2777790 Atlanta GA 30384 Electrical Contractor 11901433 ABC Professional Tree Services Inc 201 Flint Ridge Road Ste 201 Webster TX 77598 Tree Trimming 5345244 RW's Tree Service LLC 2402 Bob Cheek Rd Lewisburg TN 37091 Tree Trimming 5295811 Powergrid Services 2350 Hwy 31 NW Hartselle AL 35640 Electrical Contractor 4825289 William E Groves Construction Inc PO Box 1205 Madisonville KY 42431 Electrical Contractor 3450565 39 Electric Revenues 221000 968681377 968681377 Miscellaneous Service 221000 4887305 4887305 Revenue from Late Paym 221000 4161884 4161884 Other Electric Revenue 221000 64563 64563 977795129 2861996 2861996 8199043 0 8199043 8199043 8199043 180240 -180240 -180240 -180240 Other income 900099 1931778 1931778 Patronage Capital Cred 900099 584908 584908 2516686 991192614 980311815 0 10880799 331963 55155877 5394937 11695892 51752736 Cost of Power 740271787 Dist Exp - Maintenance 44242092 Dist Exp - Operations 34240268 Customer Accounts Expen 23148122 24958940 991192614 35576801 47011228 200000 200000 61633691 75394250 4486146 4810437 12070409 12678508 3755373 3994367 1401518470 442518849 904799781 958999621 98266510 116272698 27328865 28836068 1148117576 1248197177 111826961 110493959 344164651 387370363 92446702 95964062 548438314 593828384 X 0 0 0 0 599679262 654368793 599679262 654368793 1148117576 1248197177 X 0 54689531 X 0 1 X 1 0 America's Electric Cooperatives PAC PO Box 718778 Philadelphia PA 19171 526147497 22983 Schedule C, Part I-A, Line 1 America's Electric Cooperatives PAC - The Corporation withheld voluntary deductions from employees' compensation and remitted those funds to the PAC (a political action committee registered with the federal election commission). 20976852 20976852 85277102 12231551 73045551 1295264516 430287298 864977218 958999621 Investment - MTE Holdings 106917592 C Investment - CoBank 3298954 C Investment - Capital Term Cert - CFC 2452787 C Investment - Federated 1226577 C Investment - ERMCO 736762 C Investment - GRESCO 823406 C Investment - NISC 535478 C Investment - Mid TN Renewable Energy 144791 C Investment - NRTC 45409 C Investment - Seven States Power Corporation 53802 C Investment - Cooperative Response Center, Inc. 17140 C Investment - TN Power Distribution Company 20000 C 116272698 Post retirement benefit liability 60524825 Customer deposits 30496689 Advances for energy conservation loans 4942548 95964062 X Part X, Line 2: Management evaluated the Corporation's tax positions and concluded that the Corporation had taken no uncertain tax positions that require adjustment to the financial statements. 0 Middle Tennessee Electric SharingChange Inc 555 New Salem Highway Murfreesboro TN 37129 431958410 501(C)(3) 312000 0 Operations 1 X X X X X 0 0 0 Chris Jones President/CEO 758359 0 0 0 271941 0 320195 0 23259 0 1373754 0 0 0 Brad Gibson COO 428177 18450 10000 0 2535 0 112258 0 24259 0 577229 18450 0 0 Gray Bateman CHRO 296105 0 0 0 8398 0 160574 0 23905 0 488982 0 0 0 Lori Williams Special Proj Mgr 410222 0 0 0 1887 0 28782 0 11384 0 452275 0 0 0 Cindy Layne CFO 310670 0 0 0 8953 0 75823 0 23808 0 419254 0 0 0 Keith Thomason VP Engineering 229684 0 0 0 7164 0 145212 0 22629 0 404689 0 0 0 Robert White VP of Comm Rel & Mem Svcs 259759 0 0 0 8124 0 84101 0 22707 0 374691 0 0 0 P D Mynatt Assistant General Manager 261751 0 0 0 26034 0 62479 0 8337 0 358601 0 0 0 John Harris VP of IS and Tech 224863 0 0 0 5231 0 87541 0 22246 0 339881 0 0 0 Dan Dement VP of Operations 238244 0 0 0 7064 0 66016 0 22580 0 333904 0 0 0 Anthony Brown Asst Ops Supv 300251 0 0 0 2471 0 1454 0 11252 0 315428 0 0 0 Adam Fewell Working Foreman 230752 0 0 0 2297 0 55800 0 22208 0 311057 0 0 0 Tim Mayo Ops Supv 288404 0 0 0 1923 0 1610 0 11323 0 303260 0 0 0 Tuan Blank VP of Finance 248079 0 0 0 1919 0 29065 0 23339 0 302402 0 0 0 Dan C Bonds Lineman 243875 0 0 0 1679 0 25755 0 24178 0 295487 0 0 0 Form 990, Part VI, Section A, line 6 There is only one class of members. All members have the right to elect the members of the Board of Directors (the governing body of MTEMC). Form 990, Part VI, Section A, line 7a There is only one class of members, and all members may vote to fill vacancies on the Board of Directors. Directors must be members and are elected based on geographical locations as stated in the bylaws. Directors serve three year terms. Form 990, Part VI, Section A, line 7b The bylaws may be altered, amended, or repealed by the members. Form 990, Part VI, Section A, line 8b Committees do not keep minutes of their meetings; however, they bring all recommendations to the full board for action. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed by the full Board of Directors. Form 990, Part VI, Section B, line 12c MTEMC has several policies that address conflicts of interest. These policies apply to directors and employees, and are renewed on an annual basis. Employees are to report conflicts of interest to their supervisors. When family members of directors or employees seek to do business with MTEMC, sealed bids are required. The Board of Directors is responsible for resolving any disputes concerning conflicts of interest. This policy applies to the disregarded entity. Form 990, Part VI, Section B, line 15a Compensation of the President is determined by annual review made by the performance and appraisal committee. The committee's recommendation is given to the full board for approval. The evaluation includes salary comparability data. Board approval is documented in the minutes. This policy applies to the disregarded entity. Form 990, Part VI, Section C, line 19 The Cooperative's bylaws and rules and regulations are made available on our website. Governing documents, conflicts of interest policy(s), and financial statements are available to our members upon request. Summarized financial information is published annually in the Tennessee Magazine. Form 990, Part XI, line 9: Net margins assigned to members 55,155,877. Change in other comprehensive income 233,120. Net margins attributable to the noncontrolling interest 46,645. Noncontrolling interest at year-end -746,111. MTE Holdings LLC 555 New Salem Highway Murfreesboro TN 37129 831505046 Holding company TN 941358 79243448 Middle Tennessee Electric Membership Corporation Middle Tennessee Electric SharingChange Inc 555 New Salem Highway Murfreesboro TN 37129 431958410 Part VII TN 501(c)(3) Line 10 N/A 1 United Communications Holdings LLC 120 Taylor Street Chapel Hill TN 37034 452599290 Telecommunications, Broadband, Ethernet, Wireless and Video Services TN MTE Holdings LLC C 73486581 198550117 0.95140 1 MTRE LLC 555 New Salem Highway Mufreesboro TN 37129 810803455 Solar Electricity TN Middle Tennessee Electric Membership Corporation C 122726 138983 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 Middle Tennessee Electric SharingChange Inc B 312000 Value of Cash Donated Middle Tennessee Electric SharingChange Inc R 444025 Value of Cash Transferred