2024-05-13T12:18:42-00:00 2023-12-31 Kenneth E Davis Jr CPA 1471 Mills Road Mt Olive NC 28365 990 2023-01-01 560432086 Tri-County Electric Membership Corporation TRI- 9197352611 PO Box 130 Dudley NC 283330130 CARL W KORNEGAY JR PRESIDENT 9197352611 2024-05-13 false CARL KORNEGAY XXX-XX-XXXX Kenneth E Davis Jr CPA P01440773 9197382403 2024-05-13 X 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z CARL W KORNEGAY JR 939 N Breazeale Avenue Mount Olive NC 28365 61498465 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 51 0 0 60195613 61097415 40140 92373 327309 308677 60563062 61498465 0 2777638 2840642 0 0 0 55925591 59466454 58703229 62307096 1859833 -808631 97581997 104504855 60244266 67470196 37337731 37034659 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 34 0 51 true false false false false false false false false false 61097415 401050 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 300259 0 0 TONY GRANTHAM MANAGER OF ENGINEERING 055.00 X 196869 0 0 KENNETH E DAVIS JR MANAGER OF FINANCE AND ADMINISTRATION 055.00 X 193961 0 0 ROY A BEAVERS LINEMAN FOREMAN 055.00 X 147116 0 0 ROBERT KORNEGAY MANAGER OF MEMBER SERVICE 055.00 X 143831 0 0 STEPHANIE B BROWN STAFF ACCOUNTANT 040.00 X 142880 0 0 JEFFREY W KENNEDY WORKING FOREMAN 040.00 X 142505 0 0 DAVID D THORNTON SYSTEM ENGINEER 040.00 X 137356 0 0 CARL W KORNEGAY JR PRESIDENT 008.00 X X 27962 0 0 KEITH BEAVERS DIRECTOR 005.00 X 24168 0 0 RANDY MCCULLEN DIRECTOR 005.00 X 24013 0 0 WILLIAM FARMER JR SECRETARY 008.00 X X 23521 0 0 WORTH OVERMAN JR DIRECTOR 004.00 X 23180 0 0 DAVID RAY VINSON VICE-PRESIDENT 005.00 X X 17059 0 0 BRANDY S ROUSE TREASURER 003.00 X X 11999 0 0 AMANDA A MURPHY DIRECTOR 003.00 X 11848 0 0 JEFF HENDERSON DIRECTOR 003.00 X 11714 0 0 SCOTT G BALLARD DIRECTOR 003.00 X 11518 0 0 PATRICK LYNCH DIRECTOR 003.00 X 9974 0 0 1601733 8 false true false JOHN J ROWE CO 6640 MALPAS CORNER RD CURRIE NC 28435 RIGHT-OF-WAY CLEARING 469891 MASTEC NORTH AMERICA INC 209 ART BRYAN DR ASHEBORO NC 27203 LINE CONSTRUCTION 407302 TRANSFORMER MAINTENANCE & SVC INC PO BOX 189 NEWTON GROVE NC 28366 EQUIPMENT REPAIR MAINTENANCE 262147 ELECTRICAL CONSULTING ENGINEERS 2407 NORTH TRYON ST CHARLOTTE NC 28206 ELECTRICAL CONSULTING 762725 STUCKEY'S BACKHOE SERVICE 1388 RAINS CROSSROADS RD PRINCETON NC 27569 STATION GRADING 363937 8 Sale and Distribution of Electric 221000 61097415 61097415 92373 29455 29455 29455 Patronage Capital 279193 Miscellaneous 29 279222 61498465 0 0 0 2840642 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1666834 0 3840086 0 Cost of Power 42158491 Transmission Expense 30703 Distribution Expense 5434483 Consumer Accounts Expense 3505576 2830281 62307096 2756393 2597799 52143 6627310 6984368 4311810 3939955 830360 1091989 204291 202401 139660925 52910899 79309285 86750026 3176829 2579133 365719 307041 97581997 104504855 5677102 5217361 50313294 57816250 4253870 4436585 60244266 67470196 X 37337731 37034659 37337731 37034659 97581997 104504855 X -808631 505559 X X false true X false false false 3862051 1725922 2136129 135798874 51184977 84613897 86750026 Financial derivatives and other financial products Closely-held equity interests Federal income taxes Consumer Deposits 1708791 Current Maturities of LTD 2710667 Customer Advance for Construction 17127 4436585 X false false false J MICHAEL DAVIS GENERAL MANAGER 250016 10782 23711 15750 300259 TONY GRANTHAM MANAGER OF ENGINEERING 170768 10569 7132 8400 196869 KENNETH E DAVIS JR MANAGER OF FINANCE AND ADMINISTRATION 173326 10504 5331 4800 193961 Form 990, Part XI, Line 9 THERE WAS AN INCREASE IN AN EQUITY ADJUSTMENT FOR ACCUMULATED PENSION AND BENEFITS REQUIRED BY PROFESSIONAL STANDARDS OF 504,649. THERE WAS AN INCREASE IN MEMBERSHIP FEES OF 910. 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 MEWMBERS 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.