2015-10-27T13:42:55-05:00 2015-06-30 620808829 WINNETT ASSOCIATES PLLC PO BOX 745 SHELBYVILLE TN 371620745 990 2014-07-01 620186725 DUCK RIVER ELECTRIC MEMBERSHIP CORP DUCK 9316844621 PO BOX 89 SHELBYVILLE TN 37162 SHELIA R ORRELL DIRECTOR OF FINANCIAL SERVICES 9316844621 2015-10-15 true PATRICK R LILE P01067422 9316847142 2015-10-23 X 2014 2016-02-25 16:41:14Z MICHAEL WATSON PO BOX 89 SHELBYVILLE TN 37162 188581927 false X DREMC.COM X 1936 TN 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. 13 13 170 0 0 188047405 187416613 1238735 1022102 136962 143212 189423102 188581927 0 6738793 2851446 12825414 13545034 0 0 169858895 172185447 189423102 188581927 0 235455652 240112879 133647187 136937490 101808465 103175389 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 188581927 PROVIDING ELECTRIC SERVICE TO 72,742 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. 188581927 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 102 0 170 true false false false false false 185985282 1165314 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 5.52 X X 13545 0 0 BUFORD JENNINGS VICE CHAIRMA 4.87 X X 12070 0 0 BARRY COOPER SECRETARY 4.79 X X 11745 0 0 MIKE ENGLAND 4.79 X 10570 0 0 JOHN MOSES TREASURER 3.65 X X 9770 0 0 ROBERT DUBOIS 3.44 X 9515 0 0 LAURA WILLIS 4.69 X 9490 0 0 WAYNE TUCKER 3.03 X 9220 0 0 NELSON CROUCH 3.63 X 8515 0 0 BAXTER WHITE 2.68 X 8270 0 0 KENNETH STACEY 1.86 X 7770 0 0 ANTHONY KIMBROUGH 2.54 X 7735 0 0 PHILIP DUNCAN 3.46 X 7135 0 0 MICHAEL WATSON PRESIDENT AN 50.00 X 218914 0 80097 SHELIA ORRELL DIRECTOR OF 48.00 X 127768 0 44109 STEVE ODEN DIRECTOR OF 55.00 X 143378 0 35479 BLAKE BUTLER DIRECTOR OF 44.00 X 136820 0 43864 DAVID YOUNG DISTRICT MAN 46.00 X 128597 0 29461 MARK BROTHERS WORKING FORE 52.00 X 127005 0 32267 PATRICK JORDAN DIRECTOR OF 46.00 X 123667 0 18880 1131499 284157 7 false true false SERVICE ELECTRIC COMPANY P O BOX 3 277790 ATLANTA GA 30384 ROW/ METER READ 2698826 WOLF TREE INC PO BOX 74071 CLEVELAND OH 44194 TREE TRIMMING 1520310 T&D SOLUTIONS LLC PO BOX 11948 ALEXANDRIA LA 71315 LINE CONSTRUCTI 1398238 SAIN CONSTRUCTION 713 VINCENT ST MANCHESTER TN 37355 CONSTRUCTION 965892 ACRT INC PO BOX 930606 ATLANTA GA 31193 FORESTRY 223197 10 SALE OF ELECTRICITY 221000 182426318 182426318 MISCELLANEOUS 221000 3558964 3558964 POLE RENTAL 531190 1431331 1431331 187416613 1022102 1022102 PATRONAGE CAPITAL REFUND 221000 143212 143212 143212 188581927 186128494 2453433 2851446 492903 8045275 2349959 2066672 590225 74350 24392 392261 258561 389329 84103 357844 3892481 9091690 407096 COST OF ELECTRICITY SOLD 143929321 DISTRIB. MAINTENANCE EXP. 4825852 DISTRIB. OPERATIONS EXP. 3670489 CUSTOMER ACCOUNTS EXPENSE 2898947 1888731 188581927 0 0 0 2153062 1623491 40038274 37984143 12816911 12681437 1504982 1529883 5291048 5195308 255847790 82615556 165458175 173232234 8193200 7866383 235455652 240112879 27945918 28008552 81511123 83414570 24190146 25514368 133647187 136937490 X 752890 758140 101055575 102417249 101808465 103175389 235455652 240112879 0 1366924 X false true X true false 1765452 1765452 22268420 7190956 15077464 10577560 7379782 3197778 221236358 68044818 153191540 173232234 POSTRETIREMENT BENEFITS 13642921 CUSTOMER DEPOSITS 7137996 OTHER LIABILITIES 3565120 ADVANCES FOR CONSTRUCTION 1168331 25514368 188581927 188581927 188581927 185730481 185730481 2851446 2851446 188581927 SCHEDULE D, PAGE 4, PART XII, LINE 4B NET MARGINS ALLOCATED TO MEMBERS: 2,851,446 X true true X X X X X X false true false MICHAEL WATSON PRESIDENT AND CEO 208470 10444 70126 9971 299011 SHELIA ORRELL DIRECTOR OF FINANCE 124096 3672 34720 9389 171877 STEVE ODEN DIRECTOR OF MEMBER S 140529 2849 27467 8012 178857 BLAKE BUTLER DIRECTOR OF ENGINEER 135043 1777 34449 9415 180684 DAVID YOUNG DISTRICT MANAGER 121888 6709 20123 9338 158058 MARK BROTHERS WORKING FOREMAN 126501 504 23236 9031 159272 SCHEDULE J, PAGE 1, PART I, LINE 1A 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. 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 21, 2015. 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 COOPERATIVES 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 COOPERATIVES 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 NET MARGINS ALLOCATED TO MEMBERS: 2,851,446 FORM 990, PART XI, LINE 9 ACTUARIAL LOSS-POSTRETIREMENT BEN OBLIG.-PENSION -3,063,743 ACTUARIAL GAIN-POSTRETIREMENT BEN. OBLIG. - HEALTH 81,435 AMORTIZATION-POSTRETIREMENT BEN. OBLIG.-HEALTH PLA 148,347 AMORTIZATION-POSTRETIREMENT BEN. OBLIG.-PENSION 1,344,189 INCREASE IN MEMBERSHIPS 5,250