Civic Intelligence

Tri-County Electric

990 • Fiscal year 2021 • EIN 57-0263136

Jan 01, 2021 to Dec 31, 2021 • Filed on Apr 18, 2022

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

98th percentile

0.78x

Higher debt load relative to assets than 98% of similar nonprofits.

2021 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2021

Liabilities / Revenue

90th percentile

2.36x

Higher debt load relative to revenue than 90% of similar nonprofits.

2021 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2021

Net Margin

50th percentile

0.1%

Higher net margin than 50% of similar nonprofits.

2021 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2021

Top Officer Pay

45th percentile

$339,453

Higher top officer pay than 45% of similar nonprofits.

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

2021 filings • 501(c)12 • $100M-$250M nonprofits • Source year 2021

Asset Growth

97th percentile

24%

Faster asset growth than 97% of similar nonprofits.

2021 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Revenue Growth

44th percentile

3.7%

Faster revenue growth than 44% of similar nonprofits.

2021 filings • 501(c)12 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Assets

Flat

$138,986,472

Flat from 2021

Net Assets

Flat

$31,103,402

Flat from 2021

Liabilities

Flat

$107,883,070

Flat from 2021

Revenue

Flat

$45,784,852

Flat from 2021

Expenses

Flat

$45,750,458

Flat from 2021

Net Income

Flat

$34,394

Flat from 2021

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 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

2021

Assets$138,986,472
Liabilities$107,883,070
Net Assets$31,103,402

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 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

2021

Revenue$45,784,852
Expenses$45,750,458
Net Income$34,394
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Apr 18, 2022
Return Version
2021v4.0
Gross Receipts
$45,784,852
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$84,867,186$110,809,580▲ $25,942,394
Rtn Earn Endowment Incm Other Fnds$30,096,930$31,033,637▲ $936,707
Investments Program Related$12,258,119$13,452,665▲ $1,194,546
Accounts Receivable$6,551,503$5,841,449▼ $710,054
Other Notes and Loans Receivable, Net$2,150,000$4,123,388▲ $1,973,388
Inventories for Sale or Use$1,348,961$3,116,245▲ $1,767,284
Cash and Non-Interest-Bearing Accounts$5,105,236$2,708,918▼ $2,396,318
Prepaid Expenses and Deferred Charges$203,111$215,759▲ $12,648
Cap Stk Tr Prin Current Funds$69,345$69,765▲ $420
Total Assets$112,327,920$138,986,472▲ $26,658,552
Other Assets Total$-156,196$-1,281,532▼ $1,125,336
Liabilities
Mortgage Notes Payable Secured by Investment Property$68,320,782$90,093,670▲ $21,772,888
Other Liabilities$8,221,825$9,577,198▲ $1,355,373
Accounts Payable and Accrued Expenses$5,619,038$8,212,202▲ $2,593,164
Total Liabilities$82,161,645$107,883,070▲ $25,721,425
Net Assets / Fund Balance
Total Net Assets Fund Balance$30,166,275$31,103,402▲ $937,127
Total Liabilities and Net Assets / Fund Balance$112,327,920$138,986,472▲ $26,658,552

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$110,017,883$43,569,133$153,587,016
Land$791,697-$791,697
Investment Program Related Org$13,452,665--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Chad LowderCEOFT$218,207$121,246$339,453
Jerrell FurtickCOOFT$155,870$95,291$251,161
Michael WeeksCAOFT$130,054$84,734$214,788
Billy ShannonTrustee - Fo-$24,276-$24,276
Billy ShannonTrustee - Former-$24,276-$24,276
Ida L DixonVice Preside-$16,036-$16,036
George WilsonTrustee-$15,530-$15,530
Willie E JeffriesTrustee-$15,339-$15,339
Jacqueline S ShawSecretary-$13,786-$13,786
Gary F GeigerTreasurer-$12,999-$12,999
William RobinsonTrustee-$12,942-$12,942
Joe Strickland JrTrustee-$12,717-$12,717
James R DantzlerTrustee-$12,661-$12,661
Barbara WestonPresident-$11,415-$11,415

Highest Paid Contractors

ContractorServicesLocationCompensation
National Ondemand INCBroadband Const245 W DAVIS ST, Burlington, NC 27215$11,512,896
Conexon LLCBroadband Const2001 GRAND BLVD SUITE 700, Kansas City, MO 64108$3,630,805
Sumter UtilitiesBroadband Const1151 N PIKE W, Sumter, SC 29151$2,727,224
Brothers Tree Company INCR/w Clearing1317 MAIN HIGHWAY, Bamberg, SC 29003$984,321
Right Way Tree ExpertsR/w Clearing5686 BILL DAVIS RD, Summerton, SC 29148$585,033
Revenue and Support

Revenue Composition

Contributions and Grants
$1,266,300
Program Service Revenue
$44,388,125
Investment Income
$130,427
Other Revenue
$0
Change in Net Assets
$34,394
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$42,411,595
Salaries, Compensation, and Employee Benefits$487,155
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$3,769,217
Interest---$2,910,753
Benefits to Members---$2,851,708
Other Expenses---$2,386,452
All Other Expenses---$2,317,668
Office Expenses---$632,272
Current Officers, Directors, Trustees, and Key Employees---$462,879
Comp Disqual Persons---$24,276
Total Functional Expenses$0$0$0$45,750,458
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$7,880,274
Regulatory Liabilities - Asc 980$1,500,000
Deferred Credits$196,924
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 included as an attachment to this return.

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 included as an attachment to this return.

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 are included as an attachment to this return.

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 to its members through its website. In addition, the form 990 and its attachments are 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
2022-04-18
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
62

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 2,851,708 membership fees 420 deferred revenue recognized 250,000 other changes in equity 57,742 capital credit retirements -643,484 other comprehensive income -613,653 current year revenue deferred -1,000,000 total 902,733

Financial Statement Notes

Schedule D, Page 4, Part XIII

The corporation's records are maintained in accordance with the unifor msystem of accounts prescribed by the federal energy regulatory commission (18 cfr part 101). Those practices utilize allocation bases. As arsult, it would require signifcant effort to break out expenses in the functional categories provided for on the statement of functional expenses. Managment has opted to classify its expenses on part ix of the form 990 in the same manner it reports its financial results to lenders, regulators, and its member-owners.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1COO
IRS990/Form990PartVIISectionAGrp/TitleTxt2CAO
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE - FO
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12PRESIDENT
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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.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt090093670
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IRS990/NetAssetsOrFundBalancesEOYAmt031103402
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IRS990/OtherAssetsTotalGrp/EOYAmt0-1281532
IRS990/OtherChangesInNetAssetsAmt0902733
IRS990/OtherExpensesGrp/Desc0PURCHASED POWER
IRS990/OtherExpensesGrp/Desc1DISTRIBUTION MAINTENANCE
IRS990/OtherExpensesGrp/Desc2ADMIN. & GENERAL
IRS990/OtherExpensesGrp/Desc3DISTRIBUTION OPERATIONS
IRS990/OtherExpensesGrp/TotalAmt023426910
IRS990/OtherExpensesGrp/TotalAmt14431501
IRS990/OtherExpensesGrp/TotalAmt22536822
IRS990/OtherExpensesGrp/TotalAmt32386452
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0203111
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IRS990/ProgramServiceRevenueGrp/Desc0ELECTRIC ENERGY SALES
IRS990/ProgramServiceRevenueGrp/Desc1FIBER ACCESS REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2PATRONAGE CAPITAL - ASSOCIATE
IRS990/ProgramServiceRevenueGrp/Desc3POLE RENTAL REVENUE
IRS990/ProgramServiceRevenueGrp/ExclusionAmt033371
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt042533241
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11064541
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2756972
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11064541
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2756972
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt333371
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.
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IRS990/PYInvestmentIncomeAmt071642
IRS990/PYOtherExpensesAmt041757706
IRS990/PYProgramServiceRevenueAmt044089242
IRS990/PYRevenuesLessExpensesAmt0-164027
IRS990/PYSalariesCompEmpBnftPaidAmt0471027
IRS990/PYTotalExpensesAmt044324911
IRS990/PYTotalRevenueAmt044160884
IRS990/ReconcilationRevenueExpnssAmt034394
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt030096930
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt031033637
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0110017883
IRS990ScheduleD/EquipmentGrp/DepreciationAmt043569133
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0153587016
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt013452665
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENTS - PROG RELATED
IRS990ScheduleD/LandGrp/BookValueAmt0791697
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0791697
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt07880274
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11500000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2196924
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED POSTRETIREMENT BENEFITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1REGULATORY LIABILITIES - ASC 980
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED CREDITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION'S RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE UNIFOR MSYSTEM OF ACCOUNTS PRESCRIBED BY THE FEDERAL ENERGY REGULATORY COMMISSION (18 CFR PART 101). THOSE PRACTICES UTILIZE ALLOCATION BASES. AS ARSULT, IT WOULD REQUIRE SIGNIFCANT EFFORT TO BREAK OUT EXPENSES IN THE FUNCTIONAL CATEGORIES PROVIDED FOR ON THE STATEMENT OF FUNCTIONAL EXPENSES. MANAGMENT HAS OPTED TO CLASSIFY ITS EXPENSES ON PART IX OF THE FORM 990 IN THE SAME MANNER IT REPORTS ITS FINANCIAL RESULTS TO LENDERS, REGULATORS, AND ITS MEMBER-OWNERS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XIII
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0110809580
IRS990ScheduleD/TotalBookValueProgramRltdAmt013452665
IRS990ScheduleD/TotalLiabilityAmt09577198
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0218207
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1155870
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2130054
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt324276
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount0507
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount12165
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount2541
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt092426
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt164815
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt254268
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt025552
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt124717
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt224326
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt02761
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt13594
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt25599
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/TotalCompensationFilingOrgAmt0339453
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1251161
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2214788
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt324276
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 INCLUDED AS AN ATTACHMENT TO THIS RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COOPERATIVE HAS MEMBERS WHO ELECT MEMBERS OF THE GOVERNING BODY AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS AN ATTACHMENT TO THIS RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE INCLUDED AS AN ATTACHMENT TO THIS RETURN.
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 TO ITS MEMBERS THROUGH ITS WEBSITE. IN ADDITION, THE FORM 990 AND ITS ATTACHMENTS ARE AVAILABLE UPON REQUEST AS REFLECTED IN PART VI SECTION C LINE 18.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9PATRONAGE CAPITAL CREDITS 2,851,708 MEMBERSHIP FEES 420 DEFERRED REVENUE RECOGNIZED 250,000 OTHER CHANGES IN EQUITY 57,742 CAPITAL CREDIT RETIREMENTS -643,484 OTHER COMPREHENSIVE INCOME -613,653 CURRENT YEAR REVENUE DEFERRED -1,000,000 TOTAL 902,733
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/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0TRI-CO ECI
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0TRICO DEVELOPMENT LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0820674240

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
2021Detailed filing. Detailed filing data is available for this year.$139$108$31.1$45.8$45.8$0.03
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
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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