2025-11-17T08:59:55-06:00 2024-12-31 582475857 NICHOLS CAULEY & ASSOCIATES LLC 400 CORDER ROAD WARNER ROBINS GA 310887166 990 2024-01-01 580462070 THREE NOTCH ELECTRIC MEMBERSHIP CORPORATION THRE 2295242950 PO Box 367 Donalsonville GA 31745 JANET T GRIMSLEY PRESIDENT/CEO 2295242950 2025-11-17 1 0 CAL BRANTLEY CPA P00636393 4789293888 2025-11-17 2024 2025-03-06 01:10:19Z JANET T GRIMSLEY PO Box 367 Donalsonville GA 31745 44143435 0 X threenotchemc.com X 1938 GA TO PROVIDE MEMBERS PROMPT & EFFICIENT SERVICE & ELECTRICITY AT THE LOWEST POSSIBLE COST. 9 9 51 0 0 0 0 0 41839313 42503990 1562812 1639445 0 0 43402125 44143435 0 0 8897025 5838943 377276 405799 0 0 0 33390696 36021446 42664997 42266188 737128 1877247 110389084 113292027 51293839 48837122 59095245 64454905 TO PROVIDE OUR MEMBERS WITH PROMPT & EFFICIENT SERVICE AND ELECTRICITY AT THE LOWEST POSSIBLE COST. 0 0 42266188 SALE OF ELECTRICITY TO APPROXIMATELY 8,200 COOPERATIVE MEMBERS LOCATED IN SOUTHWEST GEORGIA. 42266188 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 34 0 1 51 1 0 0 0 0 0 41208073 2689577 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 GA X JANET T GRIMSLEY 2295242450 116 W 2ND STREET DONALSONVILLE GA 39845 STACY T COOPER DIRECTOR 5.00 X 31191 0 0 SAM HATTAWAY DIRECTOR 5.00 X 30871 0 0 JAMES VANN HORNSBY ASSISTANT SEC/TREAS 5.00 X X 15484 0 0 KIMBLEY RENTZ VICE CHAIRMAN 5.00 X X 7291 0 3200 STEPHEN J HOLT CHAIRMAN 5.00 X X 14732 0 0 KENNETH MASSEY SECRETARY-TREASURER 5.00 X X 14032 0 0 TONY BRUNER DIRECTOR 5.00 X 25496 0 0 BARBARA MEANS DIRECTOR 5.00 X 6400 0 0 ALEX JERNIGAN DIRECTOR 5.00 X 5850 0 0 JANET GRIMSLEY CEO 40.00 X 180811 0 70442 ROBERT R WILBOURN SERVICEMAN 40.00 X 115811 0 39571 WILLIAM T RICHARDSON OPERATIONS MANAGER 40.00 X 117391 0 52288 MICHAEL BEARD FOREMAN 40.00 X 128155 0 37255 Markus E Whittaker Shop Foreman 40.00 X 108086 0 46117 JOSHUA K COOK FOREMAN 40.00 X 125599 0 47152 927200 0 296025 11 0 1 0 SUMTER UTILITIES INC PO BOX 846391 DALLAS TX 75284 CONTRACTORS 2039964 W A KENDALL & CO INC 2736 Meadow Church Rd ste 200 Duluth GA 30097 RIGHT OF WAY CLEARING 923018 DAVEY RESOURCE GROUP INC PO BOX 773218 DETROIT MI 48277 CONTRACTOR - GPS SYSTEM 729087 W E HICKS DBA TREES UNLIMITED PO BOX 10 CAVE SPRING GA 30124 RIGHT OF WAY CLEARING 694149 CASKIN DEVELOPMENT LLC 333 ENTERPRISE ROAD COLQUITT GA 39837 RIGHT OF WAY CLEARING 481131 7 Electricity Sales 221000 41242777 41242777 Capital Credits 221000 1017770 1017770 Pole Rental 221000 245785 245785 SER, LLC 221000 -2342 -2342 42503990 1639445 1500000 139445 44143435 44003990 0 139445 X 5838943 405799 1872844 2980213 COST OF POWER 19404328 DISTRIBUTION MAINTENANC 5276902 DISTRIBUTION OPERATIONS 3828066 GENERAL & ADMINISTRATIO 1580003 1079090 42266188 11608741 12187830 3236086 4090597 282300 203600 925833 949058 106529525 37213374 67066107 69316151 26617317 25557874 652700 986917 110389084 113292027 3015031 3411744 45580418 42663341 2698390 2762037 51293839 48837122 X 41375 41000 374806 374964 58679064 64038941 59095245 64454905 110389084 113292027 X 1877247 3482413 X X 0 1 X 1 0 227741 227741 106301784 37213374 69088410 69316151 UNITED UTILITY 1732 C OGLETHORPE POWER CORPORATION 9663682 C GEORGIA TRANSMISSION CORPORATION 2944644 C COBANK 17875 C GRESCO UTILITY SUPPLY, INC. 2002163 C GEORGIA SYSTEMS OPERATIONS CORPORATION 1634 C SOWEGA ENERGY RESOURCES, LLC 11014 C THREE NOTCH HOLDING CORPORATION 2242390 C NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION 1400163 C GEORGIA ENERGY COOPERATIVE 7120900 C MERIDIAN COOPERATIVE, INC. 144606 C COOPERATIVE RESPONSE CENTER, INC. 7071 C 25557874 CUSTOMER DEPOSITS 842198 ACCRUED POSTRETIREMENT BENEFITS 969676 OPERATING LEASE OBLIGATIONS 855834 FINANCE LEASE OBLIGATIONS 94329 2762037 X Part X, Line 2: THE ORGANIZATION'S CONSOLIDATED, INDEPENDENT AUDITED FINANCIAL STATEMENTS FOR THE TAX YEAR INCLUDED THE FOLLOWING NOTE DISCLOSURE: "THE CORPORATION OPERATES UNDER THE INTERNAL REVENUE CODE, SECTION 501(C)(12), AS A TAX-EXEMPT COOPERATIVE. IRC SECTION 501(C)(12) PROVIDES, IN PART, THAT THE CORPORATION DERIVE AT LEAST 85% OF ITS GROSS ANNUAL REVENUE FROM ITS MEMBERS TO RETAIN THE EXEMPTION. THE CORPORATION HAS MET AND EXPECTS TO MEET THESE REQUIREMENTS FOR APPLICABLE TAX YEARS. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE SUBSIDIARY IS A TAXABLE CORPORATION WITH NO DEFERRED TAX ASSETS OR LIABILITIES AS OF DECEMBER 31, 2024 AND 2023. THE CORPORATION AND SUBSIDIARY BELIEVE APPROPRIATE SUPPORT EXITS FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DO NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS AT DECEMBER 31, 2024 AND 2023." X 0 0 0 JANET GRIMSLEY CEO 169967 0 10844 0 0 0 44024 0 26418 0 251253 0 0 0 JOSHUA K COOK FOREMAN 120095 0 5504 0 0 0 21482 0 25670 0 172751 0 0 0 WILLIAM T RICHARDSON OPERATIONS MANAGER 110988 0 6403 0 0 0 26482 0 25806 0 169679 0 0 0 MICHAEL BEARD FOREMAN 122927 0 5228 0 0 0 20408 0 16847 0 165410 0 0 0 ROBERT R WILBOURN SERVICEMAN 110632 0 5179 0 0 0 22589 0 16982 0 155382 0 0 0 Markus E Whittaker Shop Foreman 102808 0 5278 0 0 0 20408 0 25709 0 154203 0 0 0 Form 990, Part VI, Section A, line 6 INDIVIDUALS AND ENTITIES REQUESTING SERVICE ARE REQUIRED TO PAY A ONE-TIME MEMBERSHIP FEE. Form 990, Part VI, Section A, line 7a THE CORPORATION HAS NINE MEMBERS OF ITS BOARD OF DIRECTORS. A BOARD ELECTION IS HELD ANNUALLY IN CONJUNCTION WITH THE CORPORATION'S ANNUAL MEMBER MEETING. THE MEMBERS ARE THE ONLY ONES ALLOWED TO VOTE IN THE ANNUAL ELECTION OF BOARD MEMBERS. Form 990, Part VI, Section A, line 7b CERTAIN DECISIONS, SUCH AS BY-LAWS CHANGES, MUST BE APPROVED BY THE MEMBERS. Form 990, Part VI, Section B, line 11b FORM 990 WAS REVIEWED WITH THE BOARD OF DIRECTORS AND CERTAIN MEMBERS OF MANAGEMENT BY THE CERTIFIED PUBLIC ACCOUNTING FIRM THAT PREPARED THE FORM 990. Form 990, Part VI, Section B, line 12c AN ANNUAL DISCLOSURE OF ANY CONFLICTS OF INTEREST IS REQUIRED BY ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES, AND THE BOARD OF DIRECTORS REVIEWS THE DISCLOSURES. Form 990, Part VI, Section B, line 15a THE GENERAL MANAGER'S ANNUAL COMPENSATION IS BASED ON VARIOUS CRITERIA THAT ARE REVIEWED BY THE BOARD OF DIRECTORS IN APPROVING SUCH COMPENSATION. ANNUAL COMPENSATION FOR CERTAIN OTHER EMPLOYEES IS INITIALLY SET BY THE GENERAL MANAGER AND IS THEN SUBJECT TO THE APPROVAL OF THE BOARD OF DIRECTORS. Form 990, Part VI, Section C, line 19 SUCH INFORMATION IS AVAILABLE TO THE PUBLIC UPON RECEIPT OF A REASONABLE REQUEST. Form 990, Part IX, line 24e CONSUMER ACCOUNTS 1,079,090. Form 990, Part XI, line 9: BENEFITS PAID TO MEMBERS 5,838,943. DECREASE IN MEMBERSHIPS -375. RETIREMENT OF MEMBERS' PATRONAGE CAPITAL -478,003. DONATED CAPITAL 158. OTHER COMPREHENSIVE LOSS -1,063. TAX INCOME IN EXCESS OF BOOK INCOME FOR SOWEGA ENERGY RESOURCES, LLC -41,912. TAX INCOME IN EXCESS OF BOOK INCOME FOR THREE NOTCH HOLDING CORPORATION -1,835,335. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS AND ITS DESIGNEES ASSUME RESPONSIBILITY FOR OVERSIGHT OF ITS FINANCIAL AUDITS AND THE SELECTION OF ITS INDEPENDENT AUDITORS. THE ANNUAL AUDIT IS PERFORMED ON A CALENDAR YEAR BASIS. THIS PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. SOWEGA ENERGY RESOURCES LLC 2237 HATCHER HILL ROAD BACONTON GA 31716 582538051 ELECTRIC POWER GENERATION GA RELATED -2342 11014 0 0 0.07500 THREE NOTCH HOLDING CORPORATION PO BOX 367 DONALSONVILLE GA 39845 061683848 ELECTRIC POWER GENERATION GA N/A C -335335 2242390 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0