2026-04-21T02:40:54-00:00 2025-12-31 Kenneth E Davis Jr CPA 1471 Mills Road Mt Olive NC 28365 990 2025-01-01 560432086 Tri-County Electric Membership Corporation TRI- 9197352611 PO Box 130 Dudley NC 283330130 J MICHAEL DAVIS GENERAL MANAGER 9197352611 2026-04-21 false Kenneth E Davis Jr CPA P01440773 9197382403 2026-04-21 X 2025 2025-03-06 01:10:19Z J MICHAEL DAVIS PO BOX 130 DUDLEY NC 28333 72029883 false X www.tcemc.com X 1940 NC TRI-COUNTY ELECTRIC MEMBERSHIP CORPORATION IS A MEMBER-DRIVEN COOPERATIVE COMMITTED TO SAFELY PROVIDE RELIABLE ELECTRIC POWER, OFFER SUPERIOR SERVICE, TAKE AN ACTIVE ROLE IN SUPPORTING THE COMMUNITIES IT SERVES 11 11 50 0 0 65263886 71697490 95631 50064 400210 282329 65759727 72029883 0 2592985 3023626 0 0 0 61599766 68559081 64192751 71582707 1566976 447176 115035217 120741405 77285384 82085374 37749833 38656031 TRI-COUNTY ELECTRIC MEMBERSHIP CORPORATION IS A MEMBER-DRIVEN COOPERATIVE COMMITTED TO SAFELY PROVIDE RELIABLE ELECTRIC POWER, OFFER SUPERIOR SERVICE, TAKE AN ACTIVE ROLE IN SUPPORTING THE COMMUNITIES IT SERVES false false Not Applicable false false false false false false false false false true false false false true false false 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 29 0 50 true false false false false false false false false false 71697490 332393 false false false X 11 11 false false false false true true true true true false false true true true true true true true true false X TRI-COUNTY EMC 9197352611 4255 HWY 117 ALT DUDLEY NC 28333 J MICHAEL DAVIS GENERAL MANAGER 060.00 002.00 X 326818 0 0 TONY GRANTHAM MANAGER OF ENGINEERING 055.00 X 216818 0 0 KENNETH E DAVIS JR MANAGER OF FINANCE AND ADMINISTRATION 055.00 X 216458 0 0 DAVID D THORNTON ENGINEER 050.00 X 166223 0 0 ROBERT B KORNEGAY MANAGER MEMBER SVC 040.00 X 156045 0 0 RONNIE G MILLER LINE SUPERINTENDENT 040.00 X 154783 0 0 STEPHANIE B BROWN ACCOUNTANT 040.00 X 154529 0 0 ROY A BEAVERS LINEMAN FOREMAN 055.00 X 152258 0 0 CARL W KORNEGAY JR PRESIDENT 008.00 X X 19600 0 0 DAVID RAY VINSON VICE-PRESIDENT 005.00 X X 15400 0 0 WORTH OVERMAN JR DIRECTOR 004.00 X 14500 0 0 KEITH BEAVERS DIRECTOR 005.00 X 13900 0 0 RANDY MCCULLEN DIRECTOR 005.00 X 13300 0 0 BRANDY S ROUSE TREASURER 003.00 X X 9500 0 0 AMANDA A MURPHY DIRECTOR 003.00 X 8852 0 0 PATRICK LYNCH DIRECTOR 003.00 X 8600 0 0 SCOTT G BALLARD DIRECTOR 003.00 X 7900 0 0 JEFF HENDERSON DIRECTOR 003.00 X 7300 0 0 WILLIAM FARMER JR SECRETARY 008.00 X X 6200 0 0 1668984 8 false true false C-PHASE SERVICES LLC PO BOX 3210 KINSTON NC 28502 SUB STATION CONSTRUCTION 447786 RIVER CITY CONSTRUCTION INC PO BOX 1420 WASHINGTON NC 27889 LINE CONSTRUCTION 1130342 JOHN J ROWE TREE CO 6640 MALPASS CORNER RD CURRIE NC 28435 RIGHT OF WAY CLEARING 298188 ELECTRICAL CONSULTING ENGINEERS 2407 NORTH TRYON ST CHARLOTTE NC 28206 ELECTRICAL CONSULTING 229556 TRANSFORMER MAINT SERVICE INC PO BOX 189 NEWTON GROVE NC 28366 TRANSFORMER REPAIRS SVC 225323 5 X Sale and Distribution of Electric 221000 71697490 71697490 47309 29455 29455 29455 2755 2755 2755 Patronage Capital 181690 CoBank ACB 71184 252874 72029883 0 0 0 3023626 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2329386 0 4334843 0 Cost of Power 49062106 Transmission Expense 27219 Distribution Expense 5741015 Consumer Accounts Expense 3997413 3067099 71582707 2956751 3718039 280714 291052 7253115 8454650 3770387 4643284 1364996 1435799 210659 227495 155729466 56945394 95956768 98784072 2773879 2766454 467948 420560 115035217 120741405 5654559 6171398 66833368 70929327 4797457 4984649 77285384 82085374 X 37749833 38656031 37749833 38656031 115035217 120741405 X 447176 459022 X false true X false false false 4356298 2015420 2340878 151373168 54929974 96443194 98784072 Financial derivatives and other financial products Closely-held equity interests Federal income taxes Consumer Deposits 1778746 Current Maturities of LTD 3204902 Customer Advance for Construction 1001 4984649 true X X false false false J MICHAEL DAVIS GENERAL MANAGER 314127 12691 326818 TONY GRANTHAM MANAGER OF ENGINEERING 204237 12581 216818 KENNETH E DAVIS JR MANAGER OF FINANCE AND ADMINISTRATION 204003 12455 216458 RONNIE G MILLER LINE SUPERINTENDENT 147837 8208 156045 ROY A BEAVERS LINEMAN FOREMAN 146234 8295 154529 STEPHANIE B BROWN ACCOUNTANT 148109 6420 154529 DAVID D THORNTON ENGINEER 154312 11911 166223 ROBERT B KORNEGAY MANAGER MEMBER SVC 143874 12171 156045 Form 990, Part XI, Line 9 THERE WAS AN INCREASE IN AN EQUITY ADJUSTMENT FOR ACCUMULATED PENSION AND BENEFITS REQUIRED BY PROFESSIONAL STANDARDS OF 457,932. THERE WAS ALSO AN INCREASE IN MEMBERSHIP FEES OF 1,090. Form 990, Part VI, Section B, Line 11B THE FORM 990 IS PREPARED AND SENT TO THE GOVERNING BODY ELECTRONICALY PRIOR TO SUBMISSION TO THE IRS. DURING THE MONTHLY BOARD MEETING PRIOR TO FILING ALL QUESTIONS OR CONCERNS ARE BROUGHT FORWARD AND ADDRESSED. Form 990, Part VI, Section B, Line 12C THE POLICY IS REVIEWED EACH YEAR DURING THE BOARD OF DIRECTORS MEETING TO MAKE ALL BOARD MEMBERS AWARE OF THE POLICY AND TO ACKNOWLEDGE THIER COMPLIANCE. Form 990, Part VI, Section B, Line 15 AND 15B EACH YEAR THE GENERAL MANAGER RECEIVES A SURVEY OF SALARIES PAID FOR ALL POSITIONS THROUGHT THE STATE. THE BOARD OF DIRECTORS REVIEWS THIS INFORMATION AND DETERMINES THE APPROPRIATE SALARY FOR THE GENERAL MANAGER DURING THE EXECUTIVE SESSION. SALARIES FOR OTHER KEY PERSONNEL ARE ALSO REVIEWED AND APPROVED BY THE BOARD. Form 990, Part VI, Section C, Line 19 THE AUDITED FINANCIAL STATEMENTS ARE INCLUDED IN THE ANNUAL REPORTS WHEN THE NEWSLETTER IS PUBLISHED ANNOUNCING THE ANNUAL MEETING OF THE MEMBERS. STATEMENTS ABOUT CONFLICTS OF INTEREST ARE INCLUDED. Form 990, Part VIII, Section F, Line 1f 1099 NOMINEE WAS RECEIVED FROM RIVER CITY CONSTRUCTION LLC IN THE AMOUNT OF 1,500. THIS PAYMENT WAS FOR THE TRI COUNTY ELECTRIC FOUNDATION EIN 62-1838433. THIS AMOUNT WAS PROPERLY REPORTED ON THE 990-PF FOR THE FOUNDATION.