2023-09-27T03:05:41-04:00 2022-12-31 990 2022-01-01 381109570 TRI-COUNTY ELECTRIC COOPERATIVE % Christopher ONeill TRI- 5176477554 7973 E GRAND RIVER AVE PORTLAND MI 488759717 Christopher O Neill President CEO 2023-09-27 2022 2023-04-26 12:10:37Z Christopher ONeill 7973 E GRAND RIVER AVE PORTLAND MI 488759717 67719322 false X www.homeworks.org X 1937 MI To provide our members and customers with energy comfort and communication solutions that will enhance their quality of life. 6 6 124 0 96695 0 511778 84779 60555192 67192631 116792 126755 248667 238061 61432429 67642226 0 0 5826980 5007346 7848469 8659843 0 0 0 49048232 54561509 62723681 68228698 -1291252 -586472 193902809 223184167 123148202 147334255 70754607 75849912 To provide our members and customers with energy comfort and communication solutions that will enhance their quality of life. false false 0 0 0 Revenues from sale of electric power to 26,900 meters. Added replaced 14.26 miles of line for a total of 3,413 miles of line. 0 0 0 Revenues from sale of high speed internet to 7,426 customers. Constructed 568 miles of fiber to provide high speed internet and phone service to our electric members. 0 0 0 0 0 0 0 false true false false false false false true false true false true false false true true true false false false false false false false false false false false true false false false false true false false false false false false true true true false true 76 0 true 124 true true true false false false false 65050876 763861 false false false 6 6 true false false false true true true true false false false true true true true true true true true false X Patrick Simmer 5176477554 7973 E Grand River Ave Portland MI 48875 X Christopher O Neill President CEO 40.67 3.49 X 188638 0 108001 Patrick Simmer CFO COO 42.16 1.70 X 160852 0 26838 Jeremy Zuke Lineman 51.28 0.00 X 152092 0 44281 Christopher Reed Electric Operations Manager 44.41 0.00 X 143658 0 111205 Thomas Manting CIO 40.32 0.90 X 141744 0 109234 Brian Moore Lineman 49.16 0 X 141321 0 41630 Richard Warchuck Lineman 47.08 0.00 X 139196 0 58402 Mark Goodman Lineman 48.00 0 X 139192 0 80899 Luke Pohl Chairman 11.95 0.30 X X 23670 0 0 John Lord Vice Chairman 13.05 0.30 X X 22725 0 0 James Stebbins Board Member 13.57 0.30 X 20545 0 0 Shirley Sprague Board Member 11.76 0.30 X 18945 0 0 Kimber Hansen Board Member 9.78 0.30 X 18315 0 0 Corinna Batora Board Member 9.28 0.30 X 15548 0 0 Ed Oplinger Secretary Treasurer 4.08 0.30 X X 15480 0 0 1341921 0 580490 32 false true false B&M Ashman Inc 8455 Ronda Drive Canton Twp MI 48187 Fiber Construction 3918616 Spartan Consulting Group LLC 1 Ivybrook Blvd Suite 110A Warminster PA 18974 Fiber Construction 3567530 Woodwalkers Electrical Contractor 8530 North Townline Road Roscommon MI 48853 Line Construction 3186472 Arc American Inc 311 S Indiana Avenue Wakarusa IN 46573 Line Construction 2116992 Wright Tree Service Inc PO Box 1718 Des Moines IA 50306 ROW Clearing 1714290 19 0 0 0 0 84779 0 0 84779 Utilities 221000 58193956 58193956 0 0 Wired Telecommunication Carriers 517110 6306975 6210280 96695 0 Capital Credits 900099 2691700 2691700 0 0 0 0 0 0 0 0 0 0 0 0 0 0 67192631 95997 0 0 95997 0 0 0 0 0 0 0 0 239156 0 0 0 239156 0 239156 0 0 239156 0 62424 0 31666 0 30758 30758 0 0 30758 0 0 0 0 0 0 0 0 0 0 0 0 44335 45430 -1095 -1095 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 67642226 67094841 96695 365911 X 0 0 0 0 0 0 5007346 0 870535 0 0 0 84163 0 0 0 5284575 0 0 0 1139941 0 0 0 846876 0 0 0 433753 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2308037 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4569644 0 0 0 0 0 0 0 6105289 0 0 0 0 0 0 0 Cost of Power/Internet Service 34909403 0 0 0 Distribution 3809606 0 0 0 Administrative 1368685 0 0 0 Customer Accounts 1485299 0 0 0 5546 0 0 0 68228698 0 0 0 0 0 0 0 0 0 1755886 1020575 0 0 6887624 7635532 0 0 0 0 80797 74925 3167305 5505676 2189282 1373444 207442999 40673739 141419094 166769260 0 0 0 0 37984443 39132986 399084 352869 19294 1318900 193902809 223184167 11417487 11420238 0 0 3179786 2202336 0 0 5323 4906 0 0 108295606 128700597 250000 3340000 0 1666178 123148202 147334255 X 57242580 61639964 13512027 14209948 0 0 70754607 75849912 193902809 223184167 -586472 0 0 0 0 5681777 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 0 0 0 0 true X 3300 615377 618677 8125329 3631544 4493785 0 0 0 184428593 37010255 147418338 14270400 31940 14238460 166769260 Wolverine Power Supply Co-Op Capital Credits 28287816 C Tri-Co Services Inc. 6659686 C CFC Subordinate Certificates 1773855 C CFC Patronage Capital 1480378 C Memberships and Other Investments 931251 C 39132986 Lease Liability - Adoption of ASC Topic 842 1666178 1666178 X 68196426 554200 554200 67642226 0 67642226 63215804 0 63215804 5012894 5012894 68228698 Part IV, line 2b The Cooperative collects and remits voluntary contributions to the Tri-County Electric People Fund Inc. the fund a 501c 3 nonprofit organization for charitable giving to individuals and organizations primarily in the Cooperative's service area. Amounts tot he fund on December 31 2022 and 2021 amounts to $4,906 and $5,323 respectively. Part XI, line 2d Equity Earnings from Subsidiary $559,748 Non-Operating Expense $5,548 Part XII, line 4b Patronage Capital Credits allocated during the year $5,007,346 Non-Operating Expense $5,548 Part X, line 2 Part X Line 2: The Cooperative is exempt from federal income tax under Section 501c12. The Cooperative is annual required to file a Return of Origination Exempt from Income Tax Form 990 with the IRS. The Cooperative files an Exempt Organization Business Tax Return Form 990-T with the IRS to report its unrelated business taxable income. The Cooperative evaluates its tax positions that have been taken or are expected to be taken on income tax returns to determine if an accrual in necessary for uncertain tax positions. As of December 31 2022 and 2021 the unrecognized tax benefit accrual was zero. The Cooperative will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if incurred. The Company is no longer subject to Federal tax examinations by tax authorities for years before 2019 and state examinations for years before 2019. The Cooperative undergoes an annual analysis of its various tax positions assessing the likelihood of those positions being upheld upon examination with relevant tax authorities. X X X false false false Christopher O Neill President CEO 175039 0 13000 0 599 0 82928 0 26199 0 297765 0 0 0 Patrick Simmer CFO COO 152405 0 5200 0 3247 0 18167 0 9306 0 188325 0 0 0 Thomas Manting CIO 135601 0 4200 0 1943 0 85740 0 24068 0 251552 0 0 0 Jeremy Zuke Lineman 151781 0 0 0 311 0 21957 0 22984 0 197033 0 0 0 Christopher Reed Electric Operations Manager 136277 0 4850 0 2531 0 88881 0 22896 0 255435 0 0 0 Brian Moore Lineman 141052 0 0 0 269 0 19306 0 23025 0 183652 0 0 0 Richard Warchuck Lineman 138686 0 0 0 510 0 36078 0 22874 0 198148 0 0 0 Mark Goodman Lineman 137936 0 0 0 1256 0 58575 0 22723 0 220490 0 0 0 Part II Line 1 | Name :, Title:, Item Selected:, Description:| All Employees Listed, Included in column "c" deferred comp is the estimated current year increase in the actuarial value of the defined benefit plan for all employees. These amounts do not represent any current year contribution to the plan. They are estimates of the increase in actuarial value of the plan received from the NRECA. The current year expense and increase in actuarial value for each employee are reflected in the statement on the Schedule O for Form 990 Part VII Column F.| 0 Christia Manting Spouse of CIO 84163 Wages and Benefits false Part VI, Section B, Line 1 Tri-County Electric Cooperative is divided into seven districts. Each district has a member elected Board of Director that votes on behalf of the district represented. There is a total of seven Board of Director seats. At the end of 2022 one of the Directors vacated their position. This vacancy was filled in early 2023 with an interim Director. The interim Director will be seated at the annual member meeting held in August 2023. Part VI, Line 2 All board members and CEO have business relationships due to their positions with Tri-Co Services Inc. a wholly owned corporation. Part VI, Line 6 There is one class of members. Each member is entitled to one vote. Part VI, Line 7a Each member is entitled to one vote to elect their district board member at their annual district meeting. Part VI, Line 7b The bylaws may be altered amended or repaired by a vote of two-thirds of the delegates of the Cooperative. Part VI, Line 8a There is no committee with the authority to act on behalf of the full board. Part VI, Line 11b The CEO and CFO reviewed the Form 990 prior to it being filed. The Form 990 was also reviewed by a third party audit firm. Form 990 is distributed to the board to review and approved by Board Resolution prior to being filed with the IRS. Part VI, Line 12c A board policy exists describing the situations creating a conflict of interest and requires each of the directors and key employees to disclose and report any potential conflicts to the proper authority. The CFO CIO and other employees must report to the CEO. The CEO must report to the Board Chairman. The CEO CFO and CIO and the directors are required to review and sign an annual statement pertaining to conflicts of interest. Directors found in violation of this policy will be dealt with pursuant to the bylaws of the Cooperative. A Board member abstains from voting on any items with potential conflicts. Part VI, Line 15 Job descriptions are maintained for each position providing a basis for responsibility for each position. Annual goals and objectives tied to the strategic plan of the Organization are set for each position. Once each fiscal year the performance of these positions are evaluated. For the CEO the Board of Directors as a whole evaluates the performance against the job responsibilities goals and objectives. Also guidelines are provided by the national organization called the CEO Competency Profile which provides a list of the competencies and characteristics for success. For the CFO and CIO the position is evaluated in a similar manner as the CEO. Annual compensation surveys are obtained for the above positions in a similar organization and similar responsibilities which provide compensation ranges. Education background and work experience is also taken into consideration. Annual evaluations are brought to the Board in September of each year. This annual process was last completed in September 2022. Part VI, Line 19 The organization makes it governing documents conflict of interest policy and financial statements available upon request. Part XI, Line 9 | Description:, Explanation:, Amount:| Donated Capital $138,173 Capital Credits Retired $-23,490 Equity Earnings By Subsidiary $559,748 Patronage Capital Allocated during the year $5,007,346. Total of $5,681,777, Other Changes in Net Assets, $5681777| Part VII, Line 1a | Explanation:| Included in column "f" is the estimated amount of other compensation which includes the estimated annual increase in the actuarial value of the defined benefit plan for all employees. The estimated increase for Christopher O'Neill is $73,904 Patrick Simmer $10,448 Jeremy Zuke $16,989 Christopher Reed $81,934 Thomas Manting $78,768 Brian Moore 14,339 Richard Warchuck $30,817 and Mark Goodman $53,537. These amounts are an estimate of the increase in value of the plan and is not the current year expense of the Cooperative. The current year expense of the defined benefit plan is $35,982 $32,771 $19,342 $29,518 $29,624 $19,342 $20,485 and $19,619 respectively. Part IX, Line 4 | Explanation:| The Cooperative has interpreted the instructions to part IX line 4 to mean patronage allocated for the year rather than capital credits retired. This is consistent with the bylaws of the Cooperative. Part VIII, Line 1e | Explanation:| Received $39,106 in FEMA reimbursement $11,680 CAF II 2022 funding and $33,993 RDOF 2022 funding. Tri-County Electric People Fund Incorporated 7973 E Grand River Ave Portland MI 48875 383083659 Operation Round Up MI 501(C)(3) Charity Status 7 Tri-County Electric true Tri-Co Services Incorporated 7973 E Grand River Ave Portland MI 48875 382803942 Sales Service Internet MI Tri-County Electric C-Corporation 2831518 8460030 0.01 true true false false false true true false false false false false false false true true true true true true Tri-Co Services Incorporated A 37920 Actual Cost Tri-Co Services Incorporated E 8490000 Actual Cost Tri-Co Services Incorporated F 500000 Actual Cost Tri-Co Services Incorporated N 70383 Actual Cost Tri-Co Services Incorporated O 1206236 Actual Cost Tri-Co Services Incorporated Q 246581 Actual Cost Tri-Co Services Incorporated R 13660346 Actual Cost Tri-County Electric People Fund Incorporated R 61220 Actual Cost