Civic Intelligence

Tri-County Electric

990 • Fiscal year 2019 • EIN 57-0263136

Jan 01, 2019 to Dec 31, 2019 • Filed on Apr 20, 2020

PO Box 217St Matthews, SC 29135-0217

(803) 874-1215

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

96th percentile

0.72x

Higher debt load relative to assets than 96% of similar nonprofits.

2019 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

73rd percentile

1.67x

Higher debt load relative to revenue than 73% of similar nonprofits.

2019 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2019

Net Margin

13th percentile

-0.1%

Higher net margin than 13% of similar nonprofits.

2019 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

54th percentile

$323,076

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2019 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2019

Asset Growth

31st percentile

1.9%

Faster asset growth than 31% of similar nonprofits.

2019 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Revenue Growth

30th percentile

-2.1%

Faster revenue growth than 30% of similar nonprofits.

2019 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Assets

Up

$103,672,390

Up $1,929,603 (+1.9%) from 2018

Net Assets

Up

$28,972,524

Up $233,354 (+0.8%) from 2018

Liabilities

Up

$74,699,866

Up $1,696,249 (+2.3%) from 2018

Revenue

Down

$44,673,882

Down $969,424 (-2.1%) from 2018

Expenses

Down

$44,710,887

Down $1,105,995 (-2.4%) from 2018

Net Income

Up

-$37,005

Up $136,571 (+79%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200M$150M$100M$50M$0Assets 2011: $89,250,070Liabilities 2011: $64,828,285Net Assets 2011: $24,421,7852011Assets 2012: $86,825,218Liabilities 2012: $63,124,952Net Assets 2012: $23,700,2662012Assets 2013: $91,015,927Liabilities 2013: $64,603,060Net Assets 2013: $26,412,8672013Assets 2014: $93,222,434Liabilities 2014: $68,538,245Net Assets 2014: $24,684,1892014Assets 2015: $91,309,402Liabilities 2015: $65,164,619Net Assets 2015: $26,144,7832015Assets 2016: $90,184,560Liabilities 2016: $63,620,074Net Assets 2016: $26,564,4862016Assets 2017: $99,816,748Liabilities 2017: $72,326,276Net Assets 2017: $27,490,4722017Assets 2018: $101,742,787Liabilities 2018: $73,003,617Net Assets 2018: $28,739,1702018Assets 2019: $103,672,390Liabilities 2019: $74,699,866Net Assets 2019: $28,972,5242019Assets 2020: $112,327,920Liabilities 2020: $82,161,645Net Assets 2020: $30,166,2752020Assets 2021: $138,986,472Liabilities 2021: $107,883,070Net Assets 2021: $31,103,4022021Assets 2022: $162,951,280Liabilities 2022: $129,793,442Net Assets 2022: $33,157,8382022Assets 2023: $173,402,940Liabilities 2023: $135,354,946Net Assets 2023: $38,047,9942023

Highlighted filing

2019

Assets$103,672,390
Liabilities$74,699,866
Net Assets$28,972,524

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$60M$40M$20M$0-$20MRevenue 2011: $41,260,660Expenses 2011: $41,260,660Net Income 2011: $02011Revenue 2012: $39,406,399Expenses 2012: $39,487,429Net Income 2012: -$81,0302012Revenue 2013: $41,794,988Expenses 2013: $41,794,988Net Income 2013: $02013Revenue 2014: $46,399,283Expenses 2014: $47,436,849Net Income 2014: -$1,037,5662014Revenue 2015: $43,787,353Expenses 2015: $43,732,899Net Income 2015: $54,4542015Revenue 2016: $44,430,231Expenses 2016: $44,401,649Net Income 2016: $28,5822016Revenue 2017: $45,068,970Expenses 2017: $44,988,827Net Income 2017: $80,1432017Revenue 2018: $45,643,306Expenses 2018: $45,816,882Net Income 2018: -$173,5762018Revenue 2019: $44,673,882Expenses 2019: $44,710,887Net Income 2019: -$37,0052019Revenue 2020: $44,160,884Expenses 2020: $44,324,911Net Income 2020: -$164,0272020Revenue 2021: $45,784,852Expenses 2021: $45,750,458Net Income 2021: $34,3942021Revenue 2022: $48,302,778Expenses 2022: $49,617,281Net Income 2022: -$1,314,5032022Revenue 2023: $53,067,650Expenses 2023: $51,881,148Net Income 2023: $1,186,5022023

Highlighted filing

2019

Revenue$44,673,882
Expenses$44,710,887
Net Income-$37,005
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Apr 20, 2020
Return Version
2019v5.0
Gross Receipts
$44,673,882
Mission and Program Overview

Mission

To provide the best possible electric service to all who desire it within the system area at a reasonable cost consistent with the highest standards of service.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$80,308,984$81,211,065▲ $902,081
Rtn Earn Endowment Incm Other Fnds$28,670,610$28,903,834▲ $233,224
Investments Program Related$12,268,176$12,173,384▼ $94,792
Accounts Receivable$5,641,415$5,351,407▼ $290,008
Cash and Non-Interest-Bearing Accounts$2,722,773$4,146,084▲ $1,423,311
Inventories for Sale or Use$520,475$576,899▲ $56,424
Prepaid Expenses and Deferred Charges$280,964$213,551▼ $67,413
Cap Stk Tr Prin Current Funds$68,560$68,690▲ $130
Total Assets$101,742,787$103,672,390▲ $1,929,603
Liabilities
Unsecured Notes Loans Payable$59,853,935$61,193,706▲ $1,339,771
Other Liabilities$8,299,242$8,496,700▲ $197,458
Accounts Payable and Accrued Expenses$4,850,440$5,009,460▲ $159,020
Total Liabilities$73,003,617$74,699,866▲ $1,696,249
Net Assets / Fund Balance
Total Net Assets Fund Balance$28,739,170$28,972,524▲ $233,354
Total Liabilities and Net Assets / Fund Balance$101,742,787$103,672,390▲ $1,929,603

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$80,419,368$42,736,621$123,155,989
Land$791,697-$791,697
Investment Program Related Org$12,173,384--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Chad LowderCEOFT$204,330$118,746$323,076
Jerrell FurtickCOOFT$147,144$86,507$233,651
Michael WeeksCAOFT$103,154$67,125$170,279
Billy ShannonTrustee - Fo-$24,033-$24,033
Billy ShannonTrustee - Former--$24,033$24,033
Ida L DixonTrustee-$22,504-$22,504
George WilsonTrustee-$21,266-$21,266
Barbara WestonPresident-$20,254-$20,254
Willie E JeffriesTrustee-$19,466-$19,466
James R DantzlerTrusteePT$19,354-$19,354
Gary F GeigerTreasurerPT$18,904-$18,904
Jacqueline S ShawSecretary-$18,004-$18,004
William RobinsonVice Preside-$18,004-$18,004
Joe Strickland JrTrustee-$16,316-$16,316

Highest Paid Contractors

ContractorServicesLocationCompensation
Brothers Tree Company INCR/w Clearing1317 MAIN HIGHWAY, Bamberg, SC 29003$819,981
Lewis Tree ServiceR/w Clearing3034 STATE RD S-15-233, Walterboro, SC 29488$587,334
Southeastern Transformer CoRecloser Maint.405 EAST EDGERTON STREE, Dunn, NC 28335$148,250
Helena Chemical CoR/w Clearing2471 GRAMLING ROAD, Orangeburg, SC 29115$108,832
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$44,639,847
Investment Income
$34,035
Other Revenue
$0
Change in Net Assets
$-37,005
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$42,611,782
Salaries, Compensation, and Employee Benefits$521,180
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$3,465,966
Other Expenses---$2,432,622
Interest---$2,417,063
All Other Expenses---$2,123,584
Benefits to Members---$1,577,925
Office Expenses---$516,375
Current Officers, Directors, Trustees, and Key Employees---$497,147
Comp Disqual Persons---$24,033
Total Functional Expenses$0$0$0$44,710,887
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Postretirement Benefits$7,195,238
Deferred Credits$1,301,462
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The cooperative has members as provided for in its bylaws which are avaliable on the cooperative's website.

Form 990, Page 6, Part VI, Line 7A

The cooperative has members who elect members of the governing body as provided for in its bylaws which are avaliable on the cooperative's website.

Form 990, Page 6, Part VI, Line 7B

Certain decisions of the governing body are subject to approval by members as provided for in its bylaws which avaliable on the cooperative's website.

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed with the board of trustees prior to filing with all supporting documentation made available to them for their review.

Form 990, Page 6, Part VI, Line 12C

The cooperative regularly and consistently monitors and enforces compliance with their conflict of interest policies (board policy no. 413, 414, and 415) which are included as a part of this return.

Form 990, Page 6, Part VI, Line 15A

Ther performance of the ceo is evaluated by the board in accordance with board policy no. 427 which is included as part of this return.

Form 990, Page 6, Part VI, Line 15B

Wage and salary administration is governed by board policy no. 428 which is included as part of this return.

Form 990, Page 6, Part VI, Line 19

The cooperative makes its bylaws, financial reports, and other cooperative informaiton available through the its website. In addition, the form 990 is available upon request as reflected in part vi section c line 18.

Filing and Contact Details

Filer

Filer Name
Tri-county Electric
EIN
57-0263136
Phone
8038741215
Address
PO BOX 217, ST MATTHEWS, SC 29135-0217

Signing Officer

Name
Chad Lowder
Title
CEO
Phone
8038741215
Signed
2020-04-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Chad Lowder
Formed
1940
Legal Domicile
Sc
Voting Board Members
9
Independent Board Members
9
Employees
60

Preparer

Firm
Mcnair Mclemore Middlebrooks & Co LLC
Address
POST OFFICE BOX ONE, MACON, GA 31202-0001
Preparer
Jason a Peacock
Phone
4787466277
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

To provide the best possible electric service to all who desire it within the system area at a reasonable cost consistent with the highest standards of service.

Form 990, Part XI, Line 9

Patronage capital credits 1,577,925 membership fees 130 revenue deferral 250,000 capital credit retirements -1,108,986 other comprehensive income -448,710 total 270,359

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IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt044673882
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/TotalAmt02417063
IRS990/InventoriesForSaleOrUseGrp/BOYAmt0520475
IRS990/InventoriesForSaleOrUseGrp/EOYAmt0576899
IRS990/InvestmentIncomeGrp/ExclusionAmt034035
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt034035
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt012268176
IRS990/InvestmentsProgramRelatedGrp/EOYAmt012173384
IRS990/IRPDocumentCnt029
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt042736621
IRS990/LandBldgEquipBasisNetGrp/BOYAmt080308984
IRS990/LandBldgEquipBasisNetGrp/EOYAmt081211065
IRS990/LandBldgEquipCostOrOtherBssAmt0123947686
IRS990/LegalDomicileStateCd0SC
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersAndShrGrossIncomeAmt045246715
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt028739170
IRS990/NetAssetsOrFundBalancesEOYAmt028972524
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/TotalAmt0516375
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0270359
IRS990/OtherExpensesGrp/Desc0PURCHASED POWER
IRS990/OtherExpensesGrp/Desc1DISTRIBUTION MAINTENANCE
IRS990/OtherExpensesGrp/Desc2DISTRIBUTION OPERATIONS
IRS990/OtherExpensesGrp/Desc3ADMIN & GENERAL EXP
IRS990/OtherExpensesGrp/TotalAmt024797577
IRS990/OtherExpensesGrp/TotalAmt14131845
IRS990/OtherExpensesGrp/TotalAmt22726750
IRS990/OtherExpensesGrp/TotalAmt32432622
IRS990/OtherLiabilitiesGrp/BOYAmt08299242
IRS990/OtherLiabilitiesGrp/EOYAmt08496700
IRS990/OtherSourcesGrossIncomeAmt072533
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0280964
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0213551
IRS990/PrincipalOfficerNm0CHAD LOWDER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1221000
IRS990/ProgramServiceRevenueGrp/BusinessCd2221000
IRS990/ProgramServiceRevenueGrp/Desc0ELECTRIC ENERGY SALES
IRS990/ProgramServiceRevenueGrp/Desc1PATRONAGE CAP-ASSOC ORGS
IRS990/ProgramServiceRevenueGrp/Desc2POLE RENTAL
IRS990/ProgramServiceRevenueGrp/ExclusionAmt030075
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt044145076
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1464696
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt044145076
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1464696
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt230075
IRS990/ProgSrvcAccomActyOtherGrp/Desc0TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt02230705
IRS990/PYInvestmentIncomeAmt059067
IRS990/PYOtherExpensesAmt043086153
IRS990/PYProgramServiceRevenueAmt045584239
IRS990/PYRevenuesLessExpensesAmt0-173576
IRS990/PYSalariesCompEmpBnftPaidAmt0500024
IRS990/PYTotalExpensesAmt045816882
IRS990/PYTotalRevenueAmt045643306
IRS990/ReconcilationRevenueExpnssAmt0-37005
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt028670610
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt028903834
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt080419368
IRS990ScheduleD/EquipmentGrp/DepreciationAmt042736621
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0123155989
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt012173384
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENTS - PROG RELATED
IRS990ScheduleD/LandGrp/BookValueAmt0791697
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0791697
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07195238
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11301462
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED POSTRETIREMENT BENEFITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED CREDITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt081211065
IRS990ScheduleD/TotalBookValueProgramRltdAmt012173384
IRS990ScheduleD/TotalLiabilityAmt08496700
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0204330
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1147144
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2103154
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount010659
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount1507
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount2541
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt080914
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt157198
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt235452
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt024997
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt124870
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt223487
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt02176
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt13932
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt27645
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt324033
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CHAD LOWDER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JERRELL FURTICK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2MICHAEL WEEKS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3BILLY SHANNON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1COO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2CAO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3TRUSTEE - FORMER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0323076
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1233651
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2170279
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt324033
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COOPERATIVE HAS MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE AVALIABLE ON THE COOPERATIVE'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COOPERATIVE HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN ITS BYLAWS WHICH ARE AVALIABLE ON THE COOPERATIVE'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH AVALIABLE ON THE COOPERATIVE'S WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 IS REVIEWED WITH THE BOARD OF TRUSTEES PRIOR TO FILING WITH ALL SUPPORTING DOCUMENTATION MADE AVAILABLE TO THEM FOR THEIR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE COOPERATIVE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THEIR CONFLICT OF INTEREST POLICIES (BOARD POLICY NO. 413, 414, AND 415) WHICH ARE INCLUDED AS A PART OF THIS RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THER PERFORMANCE OF THE CEO IS EVALUATED BY THE BOARD IN ACCORDANCE WITH BOARD POLICY NO. 427 WHICH IS INCLUDED AS PART OF THIS RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7WAGE AND SALARY ADMINISTRATION IS GOVERNED BY BOARD POLICY NO. 428 WHICH IS INCLUDED AS PART OF THIS RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE COOPERATIVE MAKES ITS BYLAWS, FINANCIAL REPORTS, AND OTHER COOPERATIVE INFORMAITON AVAILABLE THROUGH THE ITS WEBSITE. IN ADDITION, THE FORM 990 IS AVAILABLE UPON REQUEST AS REFLECTED IN PART VI SECTION C LINE 18.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9PATRONAGE CAPITAL CREDITS 1,577,925 MEMBERSHIP FEES 130 REVENUE DEFERRAL 250,000 CAPITAL CREDIT RETIREMENTS -1,108,986 OTHER COMPREHENSIVE INCOME -448,710 TOTAL 270,359
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XI, LINE 9
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0TRI-CO ECI
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0TRICO DEVELOPMENT LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0820674240
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt08783305
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0SC
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0ECON. DEV.
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0-126093
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0PO BOX 217
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0ST MATTHEWS
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0SC
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd029135
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0SC
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0101742787
IRS990/TotalAssetsEOYAmt0103672390
IRS990/TotalAssetsGrp/BOYAmt0101742787
IRS990/TotalAssetsGrp/EOYAmt0103672390
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt060
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$173$135$38.0$53.1$51.9$1.19
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$163$130$33.2$48.3$49.6$1.31
2021Summary only. Only limited summary data is available for this year.$139$108$31.1$45.8$45.8$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$112$82.2$30.2$44.2$44.3$0.16
2019Detailed filing. Detailed filing data is available for this year.$104$74.7$29.0$44.7$44.7$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$102$73.0$28.7$45.6$45.8$0.17
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$99.8$72.3$27.5$45.1$45.0$0.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$90.2$63.6$26.6$44.4$44.4$0.03
2015Summary only. Only limited summary data is available for this year.$91.3$65.2$26.1$43.8$43.7$0.05
2014Summary only. Only limited summary data is available for this year.$93.2$68.5$24.7$46.4$47.4$1.04
2013Summary only. Only limited summary data is available for this year.$91.0$64.6$26.4$41.8$41.8$0.00
2012Summary only. Only limited summary data is available for this year.$86.8$63.1$23.7$39.4$39.5$0.08
2011Summary only. Only limited summary data is available for this year.$89.3$64.8$24.4$41.3$41.3$0.00