2023-04-28T09:04:45-00:00 2022-12-31 Kenneth E Davis Jr CPA 1471 Mills Road Mt Olive NC 28365 990 2022-01-01 560432086 Tri-County Electric Membership Corporation TRI- 9197352611 PO Box 130 Dudley NC 283330130 CARL W KORNEGAY JR PRESIDENT 9197352611 2023-04-12 false CARL KORNEGAY XXX-XX-XXXX Kenneth E DavisJrCPA P01440773 9197382403 2023-04-28 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CARL W KORNEGAY JR 939 N Breazeale Avenue Mount Olive NC 28365 60563062 false X www.tcemc.com X 1940 NC Electric Cooperative providing electricity to its membership. 11 11 51 0 0 59060247 60195613 67170 40140 415337 327309 59542754 60563062 0 2447799 2777638 0 0 0 54211979 55925591 56659778 58703229 2882976 1859833 94565079 97581997 61229700 60244266 33335379 37337731 Electric cooperative providing electric power to its membership. 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 37 0 true 51 true false false false false false false false false false 60195613 367449 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 X 286424 0 0 KENNETH E DAVIS JR MANAGER OF FINANCE AND ADMINISTRATION 055.00 X 190738 0 0 TONY GRANTHAM MANAGER OF ENGINEERING 055.00 X 187850 0 0 JEFF W KENNEDY FORMAN 055.00 X 133988 0 0 STEPHANIE BROWN STAFF ACCOUNTANT 040.00 X 133953 0 0 RICKY L RICHARDSON FORMAN 055.00 X 132875 0 0 JERRY MOZINGO LINEMAN 1ST CLASS 055.00 X 130887 0 0 DANIEL C HOOD LINEMAN FIRST CLASS 055.00 X 130770 0 0 ROBERT KORNEGAY MANAGER OF MEMBER SERVICE 055.00 X 130518 0 0 ROY A BEAVERS LINEMAN 1ST CLASS 055.00 X 127475 0 0 JAMES COZINE LINEMAN 1ST CLASS 055.00 X 127137 0 0 DAVID D THORNTON SYSTEM ENGINEER 055.00 X 126687 0 0 RONNIE MILLER STAKING ENGINEER 055.00 X 121041 0 0 TAMAH HUGHES IT MANAGER 055.00 X 120899 0 0 CLAUDE JONES FORMAN 055.00 X 119770 0 0 RALPH KELLY LINEMAN 1ST CLASS 055.00 X 119072 0 0 DEIDRA L GRANTHAM MGR MARKETING/COMMUNICATONS 040.00 X 115323 0 0 LEONARD E PERSON WORKING FOREMAN 055.00 X 113413 0 0 TODD HARRELL LINEMAN FIRST CLASS 055.00 X 112943 0 0 ANTHONY DENNING WORKING FOREMAN 055.00 X 112264 0 0 JAMES A BARWICK LINEMAN FIRST CLASS 050.00 X 106265 0 0 TIMOTHY L WOLFE LINEMAN FIRST CLASS 050.00 X 102021 0 0 CARL W KORNEGAY JR PRESIDENT 008.00 X X 26162 0 0 WILLIAM FARMER JR SECRETARY 008.00 X X 25021 0 0 KEITH BEAVERS DIRECTOR 005.00 X 23468 0 0 RANDY MCCULLEN DIRECTOR 005.00 X 22513 0 0 WORTH OVERMAN JR DIRECTOR 004.00 X 21380 0 0 DAVID RAY VINSON TREASURER 005.00 X X 17259 0 0 SCOTT G BALLARD DIRECTOR 003.00 X 13718 0 0 AMANDA A MURPHY DIRECTOR 003.00 X 12848 0 0 JEFF HENDERSON DIRECTOR 003.00 X 11614 0 0 BRANDY S ROUSE DIRECTOR 003.00 X X 11474 0 0 PATRICK LYNCH DIRECTOR 003.00 X 11074 0 0 DALLACE GRADY DIRECTOR 003.00 X X 9686 0 0 3188530 22 true true false JOHN J ROWE CO 6640 MALPASS CORNER ROAD CURRIE NC 28435 RIGHT OF WAY CLEARING 313163 MASTEC OF NC INC 209 ART BRYAN DR ASHBORO ASHEBORO NC 27203 LINE CONSTRUCTION 187334 TRANSFORMER MAINTENANCE & SVC INC PO BOX 189 NEWTON GROVE NC 28366 EQUIP REPAIR AND MAINT 170604 ELECTRICAL CONSULTING ENGINEERS 2407 NORTH TRYON ST CHARLOTTE NC 28206 ELECTRICAL CONSULTING 933852 CAROLINA POWER SIGNALIZATION INC PO BOX 53650 FAYETTEVILLE NC 28305 STATION CONSTRUCTION 260186 5 Sale and Distribution of Electric 221000 60195613 60195613 40140 28596 28596 28596 Patronage Capital 291928 Miscellaneous 6785 298713 60563062 0 0 0 2777638 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1488792 0 3671251 0 Cost of Power 40118132 Transmission Expense 17313 Distribution Expense 5105815 Consumer Accounts Expense 2732844 2791444 58703229 4269034 2756393 5275761 6627310 2939715 4311810 562150 830360 215605 204291 129496310 50187025 77051085 79309285 3783244 3176829 468485 365719 94565079 97581997 4120454 5677102 52927155 50313294 4182091 4253870 61229700 60244266 X 33335379 37337731 33335379 37337731 94565079 97581997 X 1859833 2142519 X X false false X false false false 3861283 1725922 2135361 125635027 48461103 77173924 79309285 Financial derivatives and other financial products Closely-held equity interests Federal income taxes Consumer Deposits 1680411 Current Maturities of LTD 2557332 Customer Advance for Construction 16127 4253870 DALLACE GRADY DIRECTOR J MICHAEL DAVIS GENERAL MANAGER TONY GRANTHAM MANAGER OF ENGINEERING KENNETH E DAVIS JR MANAGER OF FINANCE AND ADMINISTRATION Form 990, Part XI, Line 9 THERE WAS AN INCREASE IN AN EQUITY ADJUSTMENT FOR ACCUMULATED PENSION AND BENEFITS REQUIRED BY PROFESSIONAL STANDARDS OF 2,141,119. THERE WAS AN INCREASE IN MEMBERSHIP FEES OF 1,400. Form 990, Part XII, Line 2C TRI-COUNTY DOES NOT HAVE A SPECIAL AUDIT COMMITTEE. THE BOARD AS A WHOLE ASSUMES RESPONSIBILITY AND OVERSIGHT OF THE AUDIT AND THE SELECTION OF THE INDEPENDENT AUDITOR. 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 THEIR 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 THROUGHOUT 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.