2014-11-03T09:11:21-06:00 2014-06-30 620808829 WINNETT ASSOCIATES PLLC PO BOX 745 SHELBYVILLE TN 371620745 990 2013-07-01 620186725 DUCK RIVER ELECTRIC MEMBERSHIP CORP DUCK 9316844621 PO BOX 89 SHELBYVILLE TN 37162 SHELIA R ORRELL DIRECTOR OF FINANCIAL SERVICES 9316844621 2014-10-15 true PATRICK R LILE P01067422 9316847142 2014-11-03 X 2013 2015-11-30 17:44:51Z MICHAEL WATSON PO BOX 89 SHELBYVILLE TN 37162 189423102 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 13 172 0 0 180987388 188047405 1284392 1238735 87328 136962 182359108 189423102 0 9295380 6738793 12136743 12825414 0 0 160926985 169858895 182359108 189423102 0 215076737 235455652 122069455 133647187 93007282 101808465 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 189423102 189423102 PROVIDING ELECTRIC SERVICE TO 71,910 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. 189423102 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 83 0 172 true false false false false false 186630662 1375697 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 6.70 X X 16215 0 0 JOHN MOSES TREASURER 8.00 X X 14355 0 0 BUFORD JENNINGS VICE CHAIRMA 5.20 X X 13395 0 0 ROBERT DUBOIS 4.30 X 12765 0 0 MIKE ENGLAND 4.90 X 12445 0 0 BARRY COOPER SECRETARY 5.30 X X 11805 0 0 WAYNE TUCKER 4.70 X 11670 0 0 LAURA WILLIS 5.00 X 11550 0 0 BAXTER WHITE 4.00 X 11355 0 0 KENNETH STACY 7.50 X 11335 0 0 PHILIP DUNCAN 5.50 X 11115 0 0 NELSON CROUCH 5.30 X 10130 0 0 ANTHONY KIMBROUGH 4.00 X 9610 0 0 MICHAEL WATSON PRESIDENT AN 50.00 X 179980 0 61959 SHELIA ORRELL DIRECTOR OF 46.00 X 123620 0 32752 BLAKE BUTLER DIRECTOR OF 44.00 X 133651 0 32861 DAVID YOUNG DISTRICT MAN 46.00 X 121470 0 18951 MARK BROTHERS WORKING FORE 55.00 X 119803 0 21813 TIMOTHY TERRY DISTRICT MAN 50.00 X 114982 0 43312 PATRICK JORDAN DIRECTOR OF 46.00 X 106504 0 10460 JAMES M ALLISON FORMER PRESI 50.00 X 234752 0 78587 1292507 300695 8 true true false SERVICE ELECTRIC COMPANY P O BOX 3656 CHATTANOOGA TN 37401 ROW/ METER READ 1711248 WOLF TREE INC PO BOX 415000-0046 NASHVILLE TN 37241 TREE TRIMMING 1466784 T&D SOLUTIONS LLC PO BOX 11948 ALEXANDRIA LA 71315 LINE CONSTRUCTI 1182541 SEELBACH AND COMPANY INC P O BOX 987 LAWRENCEVILLE GA 30046 ROW CLEARING 1182541 SOUTHEAST WOODLAND SERVICES 431 CAINES LANDING ROAD CONWAY SC 29526 ROW SPRAYING 378573 9 SALE OF ELECTRICITY 221000 183097876 183097876 MISCELLANEOUS 221000 3532786 3532786 POLE RENTAL 531190 1416743 1416743 188047405 1238735 1238735 PATRONAGE CAPITAL REFUND 221000 136962 136962 136962 189423102 186767624 2655478 6738793 484156 7431003 2402533 1989435 518287 55705 22175 297295 253800 347325 35234 357174 4004954 7880456 474703 COST OF ELECTRICITY SOLD 143494412 DISTRIB. MAINTENANCE EXP. 4732065 DISTRIB. OPERATIONS EXP. 3464858 CUSTOMER ACCOUNTS EXPENSE 2739351 1699388 189423102 0 0 0 4475988 2153062 23500000 40038274 11596985 12816911 270000 1554567 1504982 5578870 5291048 242477739 77019564 160161122 165458175 7939205 8193200 215076737 235455652 27140167 27945918 69702807 81511123 25226481 24190146 122069455 133647187 X 747220 752890 92260062 101055575 93007282 101808465 215076737 235455652 X 0 8801183 X X false true X true false 1765451 1765451 19113124 5985164 13127960 10335691 7063943 3271748 211263473 63970457 147293016 165458175 POSTRETIREMENT BENEFITS 12360813 CUSTOMER DEPOSITS 7203445 OTHER LIABILITIES 3477907 ADVANCES FOR CONSTRUCTION 1147981 24190146 189423102 189423102 189423102 182684309 182684309 6738793 6738793 189423102 SCHEDULE D, PAGE 4, PART XII, LINE 4B NET MARGINS ALLOCATED TO MEMBERS: 6,738,793 X true true X X X X X X false true false MICHAEL WATSON PRESIDENT AND CEO 173385 6595 58102 3857 241939 SHELIA ORRELL DIRECTOR OF FINANCE 119346 4274 28993 3759 156372 BLAKE BUTLER DIRECTOR OF ENGINEER 132637 1014 30335 2526 166512 TIMOTHY TERRY DISTRICT MANAGER 114107 875 40904 2408 158294 JAMES M ALLISON FORMER PRESIDENT/CEO 116952 117800 41486 37101 313339 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 22, 2014. 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: 6,738,793 FORM 990, PART XI, LINE 9 ACTUARIAL GAIN - POSTRETIREMENT BEN OBLIG.-PENSION 996,960 AMORTIZATION-POSTRETIREMENT BEN. OBLIG.-PENSION 1,218,758 AMORTIZATION-POSTRETIREMENT BEN. OBLIG.-HEALTH PLA 111,485 SETTLEMENT LOSS-POSTRETIREMENT BEN. OBLIG.-HEALTH 20,230 INCREASE IN MEMBERSHIPS 5,672 ACTUARIAL LOSS-POSTRETIREMENT BEN. OBLIG. - HEALTH -58,347 PLAN AMENDMENT-POSTRETIREMENT BEN. OBLIG. - HEALTH -232,368