2025-12-01T17:14:11-05:00 2025-06-30 620808829 WINNETT ASSOCIATES PLLC PO BOX 745 SHELBYVILLE TN 371620745 990 2024-07-01 620186725 DUCK RIVER ELECTRIC MEMBERSHIP CORP DUCK 9316844621 PO BOX 89 SHELBYVILLE TN 37162 MICHELLE HERRMAN CFO 9316844621 2025-11-24 true true PATRICK R LILE P01067422 9316847142 2025-11-24 X 2024 2025-03-06 01:10:19Z JAMES WRIGHT PO BOX 89 SHELBYVILLE TN 37162 264001419 false X WWW.DREMC.COM X 1936 TN RURAL ELECTRIC DISTRIBUTION TO 86,020 MEMBERS LOCATED PRIMARILY IN BEDFORD, COFFEE, FRANKLIN, GILES, MARSHALL, MAURY AND MOORE COUNTIES IN MIDDLE TENNESSEE. 13 13 195 0 0 234399111 262228401 4435925 1049200 314200 331889 239149236 263609490 0 14983837 22928469 19741536 21292144 0 0 204423863 219388877 239149236 263609490 0 317535633 352539811 140333328 149587138 177202305 202952673 OUR PURPOSE IS TO EMPOWER OUR COMMUNITIES AND ENHANCE THE QUALITY OF LIFE FOR OUR MEMBERS. false false 263609490 PROVIDING ELECTRIC SERVICE TO 86,020 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. 263609490 false false true 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 131 0 195 true false false false false false 255770927 1773017 false false 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 MICHELLE HERRMAN 9316844621 305 LEARNING WAY SHELBYVILLE TN 37160 ANTHONY KIMBROUGH CHAIRMAN 6.82 X X 26660 0 0 MARK WEBB VICE CHAIRMA 3.84 X X 16840 0 0 DANA SALTERS SECRETARY 3.58 X X 19320 0 0 PHILIP DUNCAN TREASURER 6.48 X X 14490 0 0 BUFORD JENNINGS DIRECTOR 2.96 X 11600 0 0 JAMES BRENT WILLIS DIRECTOR 4.90 X 17700 0 0 BAXTER WHITE DIRECTOR 5.05 X 16950 0 0 MIKE ENGLAND DIRECTOR 3.67 X 10260 0 0 WAYNE TUCKER DIRECTOR 5.12 X 16080 0 0 LYN STACEY DIRECTOR 4.44 X 13220 0 0 WILLIAM WILSON DIRECTOR 4.87 X 17700 0 0 WILLIAM HENLEY DIRECTOR 2.69 X 12900 0 0 BRIAN RIDDLE DIRECTOR 3.26 X 17920 0 0 SAMMY MORTON DIRECTOR 14.00 X 0 0 0 JAMES WRIGHT PRESIDENT AN 60.00 X 85684 0 2387 TROY CROWELL INTERIM PRES 50.00 X 267243 0 218952 MICHELLE HERRMAN CFO 55.00 X 208022 0 45899 JAMES EDDE COO 50.00 X 182433 0 48705 SCOTT DAHLSTROM CHIEF ENGINE 45.00 X 255730 0 53278 STEVEN HOPKINS DIRECTOR, CO 46.00 X 158320 0 74899 JEFF HOCKADAY DIST. OPER. 50.00 X 158403 0 65651 LEE PETTES OPS SUPERVIS 50.00 X 152761 0 95483 JULIE MURDOCK SR PURCHASIN 43.00 X 154248 0 34842 JEFF HOLT SR WORKING F 45.00 X 154210 0 32557 SEAN SCHELLER WORKING FORE 50.00 X 171540 0 36842 SCOTT SPENCE PRES. & CEO 63.00 X 224431 0 10792 JAMES BATES FORMER CONTR 48.00 X 152289 0 24058 2536954 744345 92 true true false LEWIS TREE SERVICE 300 LUCIUS GORDON DR WEST HENRIETTA NY 14586 TREE TRIMING 6720806 CORBITT POWER & LIGHT LLC 6100 S BRYANT AVE OKLAHOMA CITY OK 73149 CONSTRUCTION 4538109 THE STATE GROUP INDUSTIAL DELTA SERVICES LLC 4676 JENNINGS LANE LOUISVILLE KY 40218 CONSTRUCTION 3517305 TEREX USA LLC 45 GLOVER AVE 4TH FLOOR NORWALK CT 06850 TRUCK SERVICE 1651469 TAYLOR ELECTRIC INC 600 BLVD S SUITE 203 HUNTSVILLE AL 35802 CONSTRUCTION 1421365 17 SALE OF ELECTRICITY 221000 252475144 252475144 POLE RENTAL 221000 6487974 6487974 MISCELLANEOUS 531190 3265283 3265283 262228401 417104 417104 1024025 391929 632096 632096 632096 PATRONAGE CAPITAL REFUND 221000 331889 331889 331889 263609490 256704412 6905078 22928469 2536954 10607543 3892475 3137848 1117324 38974 16130 620067 437149 372537 492164 383623 3195067 13665394 531065 COST OF ELECTRICITY SOLD 181061120 DISTRIB. MAINTENANCE EXP. 11738362 DISTRIB. OPERATIONS EXP. 3699078 ADMIN. AND GENERAL EXPENS 2372669 765478 263609490 0 0 0 1709954 2101874 7151120 13773708 14883363 20441663 8773082 8013872 4502092 5393138 297378 565799 431781202 143233978 269507904 288547224 10710740 13702533 317535633 352539811 35878960 40192722 75212721 81241917 29241647 28152499 140333328 149587138 X 854650 864070 176347655 202088603 177202305 202952673 317535633 352539811 X 0 25750368 X false true X true false 10020 10020 10020 true TENNESSEE ACTION COMMITTEE FOR RURAL ELECTRIFICATION PO BOX 100912 NASHVILLE TN 37224 620925545 10020 SCHEDULE C, PART I-A, LINE 1 THE ORGANIZATION CONTRIBUTED FUNDS TO THE TENNESSEE ELECTRICAL COOPERATIVES PAC (A STATE AND LOCAL POLITICAL ACTION COMMITTEE). 2319850 2319850 18587088 7019418 11567670 41786993 24811397 16975596 369087271 111403163 257684108 288547224 CUSTOMER DEPOSITS 10909176 ADVANCES FOR CONSTRUCTION 10492484 OTHER LIABILITIES 3395782 POSTRETIREMENT BENEFITS 3355057 28152499 263639990 263639990 -30500 -30500 263609490 240711521 30500 30500 240681021 22928469 22928469 263609490 SCHEDULE D, PAGE 4, PART XI, LINE 4B DONATIONS -30,500 SCHEDULE D, PAGE 4, PART XII, LINE 2D DONATIONS 30,500 SCHEDULE D, PAGE 4, PART XII, LINE 4B NET MARGINS ASSIGNED TO MEMBERS: 22,928,469 SCHEDULE D, PAGE 4, PART XIII NET MARGINS ASSIGNED TO MEMBERS ARE REPORTED ON FORM 990, PART IX, LINE 4. THE COOPERATIVE IS PROHIBITED FROM THE RETIREMENT OF THE MEMBER ASSIGNED MARGINS BY ITS REGULATOR, THE TENNESSEE VALLEY AUTHORITY. X true true X X X X false false false TROY CROWELL INTERIM PRES. & CEO 263338 3905 195674 23278 486195 MICHELLE HERRMAN CFO 198590 9432 34367 11532 253921 JAMES EDDE COO 160060 22373 37797 10908 231138 SCOTT DAHLSTROM CHIEF ENGINEERING 250121 5609 41952 11326 309008 STEVEN HOPKINS DIRECTOR, COLUMBIA O 157124 1196 51264 23635 233219 JEFF HOCKADAY DIST. OPER. SUPERVIS 156279 2124 54663 10988 224054 LEE PETTES OPS SUPERVISOR 148065 4696 72678 22805 248244 JULIE MURDOCK SR PURCHASING MGR 152100 2148 16541 18301 189090 JEFF HOLT SR WORKING FOREMAN 149164 5046 19957 12600 186767 SEAN SCHELLER WORKING FOREMAN 163048 8492 13486 23356 208382 SCOTT SPENCE PRES. & CEO (FORMER) 120426 104005 3462 7330 235223 JAMES BATES FORMER CONTROLLER 138289 14000 13100 10958 176347 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. 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 THE COMPLETION OF IRS FORM 990. THEN THE BOARD MEMBERS RECEIVED THE FINAL IRS FORM 990 AS PART OF THE MATERIALS FOR BUSINESS CONDUCTED DURING A REGULAR MEETING OF THE BOARD OF DIRECTORS PRIOR TO SUBMISSION. 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. THE BOARD RELIES ON STUDIES AND REVIEWS, AS WELL AS DATA FROM THE U.S. BUREAU OF LABOR STATISTICS, AND SURVEYS PERFORMED BY VARIOUS TRADE ORGANIZATIONS. THE BOARD SETS THE COMPENSATION FOR THE PRESIDENT AND CEO, APPROVES MERIT POOL DOLLARS, AND A BUDGET ADJUSTMENT THERETO FOR ALL EMPLOYEES. FORM 990, PAGE 6, PART VI, LINE 15B THE PRESIDENT & CEO MAKES SPECIFIC INDIVIDUAL SALARY DECISIONS BASED ON AN INDEPENDENT CONSULTANT'S MARKET COMPENSATION STUDY AND APPROVED BUDGET MERIT AND COST OF LIVING ADJUSTMENT POOL FOR THE EMPLOYEES HE SUPERVISES. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE PROVIDED TO ANY MEMBER WHO REQUESTS 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 ANNUAL FINANCIAL INFORMATION IS PROVIDED TO EACH MEMBER ATTENDING THE COOPERATIVE'S ANNUAL MEETING AND IS AVAILABLE ON THE COOPERATIVE'S WEBSITE. FORM 990, PART XI, LINE 9 ACTUARIAL GAIN-POSTRETIREMENT BEN OBLIG.-PENSION 910,687 ACTUARIAL GAIN-POSTRETIRMENT BEN OBLIG-HEALTH 159,661 AMORTIZATION-POSTRETIREMENT BEN. OBLIG.-HEALTH PLA 87,774 AMORTIZATION-POSTRETIREMENT BEN. OBLIG.-PENSION 1,654,359 INCREASE IN MEMBERSHIPS 9,420 NET MARGINS ALLOCATED TO MEMBERS 22,928,467 TOTAL 25,750,368