TRI-COUNTY ELECTRIC COOPERATIVE INC: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- TRI-COUNTY ELECTRIC COOPERATIVE INC (EIN 75-0619960)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-11-09
- IRS object ID
- 202243139349301989
- Schema version
- 2021v4.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-11-09T14:44:04-05:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 731293012 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BRISCOE BURKE & GRIGSBY LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4120 E 51ST STREET | AddressLine1Txt |
| City | TULSA | CityNm |
| State Abbreviation | OK | StateAbbreviationCd |
| ZIP | 741353639 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 750619960 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TRI-COUNTY ELECTRIC COOPERATIVEINC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | TRI- | BusinessNameControlTxt |
| Phone | 8174443201 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 BAILEY RANCH ROAD | AddressLine1Txt |
| City | ALEDO | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 76008 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DARRYL SCHRIVER | PersonNm |
| Person Title | PRESIDENT/CEO | PersonTitleTxt |
| Phone | 8177528130 | PhoneNum |
| Signature | 2022-11-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | DARRYL | PersonFirstNm |
| Person Last | SCHRIVER | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MICHAEL K BURKE CPA | PreparerPersonNm |
| PTIN | P00054433 | PTIN |
| Phone | 9187498337 | PhoneNum |
| Preparation | 2022-11-09 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DARRYL SCHRIVER | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 BAILEY RANCH ROAD | AddressLine1Txt |
| City | ALEDO | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 76008 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $308,552,141 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.TCECTEXAS.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1939 | FormationYr |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 288 | TotalEmployeeCnt |
| Total Gross UBI | $36,350 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $35,350 | NetUnrelatedBusTxblIncmAmt |
| CY Contributions Grants | $3,482,800 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $261,829,537 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $303,036,583 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,135,123 | PYInvestmentIncomeAmt |
| CY Investment Income | $928,250 | CYInvestmentIncomeAmt |
| PY Other Revenue | $937,046 | PYOtherRevenueAmt |
| CY Other Revenue | $1,082,138 | CYOtherRevenueAmt |
| PY Total Revenue | $263,901,706 | PYTotalRevenueAmt |
| CY Total Revenue | $308,529,771 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $71,298 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $96,564 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $7,949,482 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $24,515,446 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $18,470,258 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $19,685,054 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $230,528,652 | PYOtherExpensesAmt |
| CY Other Expenses | $269,182,016 | CYOtherExpensesAmt |
| PY Total Expenses | $257,019,690 | PYTotalExpensesAmt |
| CY Total Expenses | $313,479,080 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $6,882,016 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$4,949,309 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $659,063,840 | TotalAssetsBOYAmt |
| Total Assets EOY | $737,055,460 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $269,076,645 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $323,039,505 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $389,987,195 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $414,015,955 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE COOPERATIVE'S RESPONSIBILITY AND AIM IS TO PROVIDE EXCELLENT AND INNOVATIVE CUSTOMER SERVICE AS REFLECTED IN TOP QUALITY ELECTRIC SERVICE RELIABILITY, AFFORDABLE RATES, EMPLOYEE TEAMWORK AND THE HIGHEST DEGREE OF INTEGRITY IN ALL COOPERATIVE ENDEAVORS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Desc | TO PROVIDE ELECTRICITY TO OUR MEMBERS - 126,258 ACTIVE SERVICES AT YEAR-END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS AND WERE ALLOCATED PATRONAGE CAPITAL. | Desc |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (true) | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (true) | TransactionWithControlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 96 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 288 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Members And Shr Gross Income | $284,015,997 | MembersAndShrGrossIncomeAmt |
| Other Sources Gross Income | $3,350,146 | OtherSourcesGrossIncomeAmt |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (true) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (true) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (true) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (true) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TRI-COUNTY ELECTRIC COOPERATIVE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 8174443201 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 BAILEY RANCH ROAD | AddressLine1Txt |
| City | ALEDO | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 76008 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| JARRETT ARMSTRONG | ||||||||
| DIRECTOR | 3.02 | 3.02 | Yes (X) | $30,000 | $0 | $0 | ||
| STEVE HARRIS | ||||||||
| DIRECTOR | 5.51 | 5.51 | Yes (X) | $40,800 | $0 | $0 | ||
| KEVIN INGLE | ||||||||
| DIRECTOR | 2.47 | 2.47 | Yes (X) | $34,800 | $0 | $0 | ||
| JOHN KILLOUGH | ||||||||
| VICE CHAIRMA | 5.15 | 5.15 | Yes (X) | $40,800 | $0 | $0 | ||
| MARGARET KOPREK | ||||||||
| SEC/TREASURE | 3.49 | 3.49 | Yes (X) | $34,800 | $0 | $0 | ||
| LARRY MILLER | ||||||||
| DIRECTOR | 4.68 | 4.68 | Yes (X) | $40,800 | $0 | $0 | ||
| MICHAEL SIVERTSEN | ||||||||
| DIRECTOR | 2.67 | 2.67 | Yes (X) | $10,800 | $0 | $0 | ||
| JERRY WALDEN | ||||||||
| DIRECTOR | 8.62 | 8.62 | Yes (X) | $48,600 | $0 | $0 | ||
| MAX WADDELL | ||||||||
| CHAIRMAN | 3.63 | 3.63 | Yes (X) | $40,200 | $0 | $0 | ||
| JORDEN WOOD | ||||||||
| DIRECTOR | 5.63 | 5.63 | Yes (X) | $48,900 | $0 | $0 | ||
| DARRYL SCHRIVER | ||||||||
| PRESIDENT/CE | 60.00 | $884,848 | $0 | $652,785 | Yes (X) | |||
| MELISSA WATTS | ||||||||
| CFO | 55.00 | $330,573 | $0 | $149,085 | Yes (X) | |||
| NICHOLE ESHBAUGH | ||||||||
| CTO | 55.00 | $305,439 | $0 | $41,939 | Yes (X) | |||
| WESLEY SCHEETS | ||||||||
| COO | 55.00 | $237,908 | $0 | $278,977 | Yes (X) | |||
| JANET REHBERG | ||||||||
| VP OF ENGINE | 55.00 | $236,534 | $0 | $38,272 | Yes (X) | |||
| RICHARD LATHAM | ||||||||
| LINE SUPERIN | 40.00 | $147,850 | $0 | $183,294 | Yes (X) | |||
| STANLEY DECKER | ||||||||
| ASSIST LINE | 45.00 | $131,066 | $0 | $163,579 | Yes (X) | |||
| EDDIE STEVENS | ||||||||
| ASSIST LINE | 45.00 | $142,373 | $0 | $169,671 | Yes (X) | |||
| HERSHEL BLEVINS | ||||||||
| PROJECT COOR | 45.00 | $152,800 | $0 | $116,233 | Yes (X) | |||
| JIMMY VILLA | ||||||||
| PROJECT COOR | 45.00 | $178,099 | $0 | $108,224 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,117,990 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $1,902,059 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 67 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| PARISH UTILITIES LLC | |||||
| 3001 COX RD | MILLSAP | TX | 76066 | CONSTRUCTION | $6,029,785 |
| WARD ELECTRIC COMPANY INC | |||||
| 9586 E I-25 FRONTAGE ROAD | LONGMONT | CO | 80504 | CONSTRUCTION | $5,642,950 |
| HARDIN TREE INC | |||||
| PO BOX 310 | OOLOGAH | OK | 74053 | TREE TRIMMING | $5,407,279 |
| VOLT POWER LLC | |||||
| 2910 HWY 31 NW | HARTSELLE | AL | 356404271 | CONSTRUCTION | $4,868,920 |
| TURN KEY UTILITY CONSTRUCTION INC | |||||
| 9716 LIMESTONE CT | JOSHUA | TX | 76058 | CONSTRUCTION | $4,482,789 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 28 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $3,482,800 | GovernmentGrantsAmt |
| Total Contributions | $3,482,800 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| ELECTRICITY SALES | 221000 | $282,665,469 | $282,665,469 |
| PATRONAGE DIVIDENDS | 221000 | $19,020,586 | $19,020,586 |
| SERVICE FEES | 221000 | $1,350,528 | $1,350,528 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $303,036,583 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $812,809 | TotalRevenueColumnAmt |
| Exclusion | $812,809 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $706,875 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $22,370 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $684,505 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $684,505 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $36,350 | UnrelatedBusinessRevenueAmt |
| Exclusion | $648,155 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $115,441 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $115,441 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $115,441 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $115,441 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $3 | GrossSalesOfInventoryAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $3 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS REVENUE | Desc |
| Total Revenue Column | $397,630 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $397,630 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $397,630 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $308,529,771 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $303,549,657 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $36,350 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,460,964 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $96,564 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,515,446 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,526,861 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,311,065 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,847,128 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,241,961 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,689,332 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PURCHASED POWER | $213,618,219 |
| DISTRIBUTION EXPENSE | $19,714,060 |
| ADMIN & GENERAL | $7,267,495 |
| MISCELLANEOUS | $1,648,869 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,080 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $313,479,080 | TotalAmt |
| Program Services | $0 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,563,023 | BOYAmt |
| EOY | $915,061 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,500 | BOYAmt |
| EOY | $2,600 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,932,290 | BOYAmt |
| EOY | $9,382,139 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,559,186 | BOYAmt |
| EOY | $888,812 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $737,353,258 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $197,748,161 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $480,116,208 | BOYAmt |
| EOY | $539,605,097 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $147,586,712 | BOYAmt |
| EOY | $169,619,482 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,303,921 | BOYAmt |
| EOY | $16,642,269 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $659,063,840 | BOYAmt |
| EOY | $737,055,460 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,725,812 | BOYAmt |
| EOY | $37,066,701 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $172,995,220 | BOYAmt |
| EOY | $235,976,517 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $63,355,613 | BOYAmt |
| EOY | $49,996,287 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $269,076,645 | BOYAmt |
| EOY | $323,039,505 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,332,832 | BOYAmt |
| EOY | $2,458,911 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $387,654,363 | BOYAmt |
| EOY | $411,557,044 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $389,987,195 | BOYAmt |
| EOY | $414,015,955 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $659,063,840 | BOYAmt |
| EOY | $737,055,460 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$4,949,309 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $28,978,069 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $37,135,743 | OtherCostOrOtherBasisAmt |
| Book Value | $37,135,743 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,786,002 | OtherCostOrOtherBasisAmt |
| Depreciation | $4,547,797 | DepreciationAmt |
| Book Value | $1,238,205 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $606,145,609 | OtherCostOrOtherBasisAmt |
| Depreciation | $193,200,364 | DepreciationAmt |
| Book Value | $412,945,245 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $88,285,904 | OtherCostOrOtherBasisAmt |
| Book Value | $88,285,904 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $539,605,097 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (13 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| PATRONAGE CAPITAL - BRAZOS | $137,987,729 | C |
| MEMBER CAPITAL SECURITIES - CFC | $10,000,000 | C |
| CAPITAL TERM CERTIFICATES - CFC | $7,512,965 | C |
| PATRONAGE CAPITAL - CFC | $6,183,545 | C |
| INVESTMENT IN SUBSIDIARY | $4,949,308 | C |
| PATRONAGE CAPITAL - TEC | $2,827,365 | C |
| PATRONAGE CAPITAL - FEDERATED RURAL | $86,737 | C |
| PATRONAGE CAPITAL - SEDC | $51,833 | C |
| PATRONAGE CAPITAL - NRTC | $10,296 | C |
| PATRONAGE CAPITAL - CRC | $8,354 | C |
| MEMBERSHIPS - NRUCFC | $1,000 | C |
| MEMBERSHIPS - OTHER | $300 | C |
| MEMBERSHIPS - TEC | $50 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $169,619,482 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| ACC PROVISION FOR PEN & BEN | $22,120,467 |
| ACC UNBILLED POWER COST REC FAC | $15,713,757 |
| DEFERRED CREDITS - CONSTRUCTION | $6,880,874 |
| CONSUMER DEPOSITS | $5,281,189 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $49,996,287 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $308,529,771 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $308,529,771 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $308,529,771 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $284,014,326 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $284,014,326 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $29,464,754 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $29,464,754 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $313,479,080 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE D, PAGE 3, PART X | DURING THE 2021 CALENDAR YEAR, THE COOPERATIVE WAS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE WITH AT LEAST 85% OF ITS REVENUE COMING FROM MEMBERS FOR THE SOLE PURPOSE OF MEETING LOSSES AND EXPENSES. ADDITIONALLY, THE COOPERATIVE PAYS INCOME TAX ON NET UNRELATED BUSINESS INCOME. THE COOPERATIVE'S UNRELATED BUSINESS ACTIVITIES ARE PRIMARILY DUE TO RENTAL ACTIVITIES. VALUE CHOICE IS A FOR-PROFIT TAXABLE CORPORATION AND IS REQUIRED TO FILE FORM 1120 - "U.S. CORPORATION INCOME TAX RETURN". IN GENERAL, EACH CORPORATION, LIMITED LIABILITY COMPANY AND LIMITED PARTNERSHIP REGISTERED TO DO BUSINESS IN THE STATE OF TEXAS IS SUBJECT TO THE STATE FRANCHISE TAX ON GROSS INCOME, LESS APPLICABLE DEDUCTIONS, APPORTIONED TO THE STATE. THE COOPERATIVE IS EXEMPT FROM THE STATE FRANCHISE TAX; HOWEVER, VALUE CHOICE IS RECOGNIZED AS A TAXABLE COMPANY BY THE STATE OF TEXAS. THEREFORE, CURRENT TAXES ARE ALLOCATED ON THE BASIS OF TAXABLE GROSS REVENUE AND DEFERRED TAXES ARE CALCULATED ON A STAND-ALONE BASIS. THE COOPERATIVE AND THE SUBSIDIARY FOLLOW THE ASSET AND LIABILITY METHOD FOR RECORDING INCOME TAXES. THE OBJECTIVE OF THE ASSET AND LIABILITY METHOD IS TO ESTABLISH DEFERRED TAX ASSETS AND LIABILITIES FOR TEMPORARY DIFFERENCES BETWEEN THE FINANCIAL REPORTING BASIS AND THE TAX BASIS OF THE COOPERATIVE AND THE SUBSIDIARY ASSETS AND LIABILITIES AT ENACTED TAX RATES EXPECTED TO BE IN EFFECT WHEN SUCH AMOUNTS ARE REALIZED OR SETTLED. AS CHANGES IN TAX LAWS OR RATES ARE ENACTED, DEFERRED TAX ASSETS AND LIABILITIES ARE ADJUSTED THROUGH THE PROVISION FOR INCOME TAXES. DEFERRED INCOME TAXES RESULT FROM TRANSACTIONS WHICH ENTER INTO THE DETERMINATION OF TAXABLE INCOME IN DIFFERENT PERIODS THAN RECORDED FOR FINANCIAL REPORTING PURPOSES. DEFERRED TAX ASSETS REPRESENT THE FUTURE TAX BENEFIT THAT WILL RESULT WHEN THE ASSET IS REALIZED. DEFERRED TAX LIABILITIES REPRESENT THE FUTURE TAX RETURN CONSEQUENCES OF THOSE DIFFERENCES, WHICH WILL RESULT IN A TAX EXPENSE WHEN THE LIABILITY IS RECOGNIZED. THE PRINCIPAL SOURCES OF DEFERRED FEDERAL INCOME TAXES ARE DUE TO NET OPERATING LOSS CARRYOVERS. NET OPERATING LOSSES (NOLS) MAY BE CARRIED FORWARD INDEFINITELY TO OFFSET UP TO 80% OF THE FUTURE TAXABLE INCOME OF A CORPORATION. AS OF MARCH 31, 2022, THE TOTAL NOL CARRYOVER AVAILABLE TO VALUE CHOICE WAS 62,168,404. NOLS OF 57,438,011 ATTRIBUTED TO THE 2001 THROUGH 2017 TAX YEARS EXPIRE IN VARYING AMOUNTS FROM MARCH 31, 2023 THROUGH MARCH 31, 2038. THE REMAINING NOLS OF 4,730,393 DO NOT EXPIRE AND WILL CARRY OVER INTO FUTURE YEARS INDEFINITELY UNTIL FULLY UTILIZED. MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT A PORTION OF THE EXPIRING NOL CARRYOVER WILL NOT BE FULLY UTILIZED BEFORE EXPIRING. THEREFORE, A VALUATION ALLOWANCE OF THE RELATED DEFERRED TAX ASSET HAS BEEN RECORDED AS OF MARCH 31, 2022 AND 2021. THIS VALUATION ALLOWANCE WAS BASED ON MANAGEMENT'S ESTIMATE OF FUTURE TAXABLE INCOME WHEN COMPARED TO NOL CARRYOVER EXPIRATION DATES. AS OF THE DATE OF THE AUDIT REPORT, MANAGEMENT AND THE BOARD OF DIRECTORS ARE STILL CONSIDERING OTHER TAXABLE VENTURES FOR VALUE CHOICE. MANAGEMENT BELIEVES INCREASING THE VALUATION ALLOWANCE RELATED TO THE DEFERRED TAX ASSET WOULD BE IMMATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS AS A WHOLE, SO THEREFORE, HAS ELECTED NOT TO RECORD AN ADJUSTMENT OR INCREASE TO THE VALUATION ALLOWANCE UNTIL ALL VENTURES THAT COULD UTILIZE THE VALUE CHOICE NOL'S CAN BE FULLY INVESTIGATED. THE ONLY SOURCE OF DEFERRED STATE INCOME TAXES IS A TEMPORARY TAX CREDIT, WHICH APPROXIMATES 4.5% OF UNUSED BUSINESS LOSS CARRYOVERS RECOGNIZED BY VALUE CHOICE PRIOR TO THE EFFECTIVE DATE OF THE REVISED TEXAS FRANCHISE TAX. THE COOPERATIVE AND THE SUBSIDIARY HAVE ADOPTED THE "UNCERTAIN TAX POSITIONS" PROVISIONS OF ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA. THE PRIMARY TAX POSITION OF THE COOPERATIVE IS THAT ITS FILING STATUS IS AS A TAX-EXEMPT ENTITY. THE COOPERATIVE AND THE SUBSIDIARY DETERMINED THAT IT IS MORE LIKELY THAN NOT THAT THEIR TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE OR OTHER STATE TAXING AUTHORITY AND THAT ALL TAX BENEFITS ARE LIKELY TO BE REALIZED UPON SETTLEMENT WITH TAXING AUTHORITIES. THE COOPERATIVE FILES ITS INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION. THE SUBSIDIARY FILE INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION AND IN THE STATE OF TEXAS. THE COOPERATIVE AND THE SUBSIDIARY RECOGNIZE INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. THERE WERE NO MATERIAL AMOUNTS OF PENALTIES OR INTEREST RECOGNIZED DURING THE YEARS ENDED MARCH 31, 2022 AND 2021. |
| SCHEDULE D, PAGE 4, PART XII, LINE 4B | PATRONAGE DIVIDEND ALLOCATION 24,515,446 LOSS ON SUBSIDIARY 4,949,308 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (true) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (10 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|---|---|---|
| DARRYL SCHRIVER | |||||
| PRESIDENT/CEO | $879,946 | $4,902 | $631,381 | $21,404 | $1,537,633 |
| MELISSA WATTS | |||||
| CFO | $328,450 | $2,123 | $127,681 | $21,404 | $479,658 |
| NICHOLE ESHBAUGH | |||||
| CTO | $303,501 | $1,938 | $34,321 | $7,618 | $347,378 |
| WESLEY SCHEETS | |||||
| COO | $232,738 | $5,170 | $263,998 | $14,979 | $516,885 |
| JANET REHBERG | |||||
| VP OF ENGINEERING | $235,302 | $1,232 | $30,932 | $7,340 | $274,806 |
| RICHARD LATHAM | |||||
| LINE SUPERINTENDENT | $143,113 | $4,737 | $168,315 | $14,979 | $331,144 |
| STANLEY DECKER | |||||
| ASSIST LINE SUPER | $128,136 | $2,930 | $140,785 | $22,794 | $294,645 |
| EDDIE STEVENS | |||||
| ASSIST LINE SUPER | $133,721 | $8,652 | $153,720 | $15,951 | $312,044 |
| HERSHEL BLEVINS | |||||
| PROJECT COORDINATOR | $150,225 | $2,575 | $93,439 | $22,794 | $269,033 |
| JIMMY VILLA | |||||
| PROJECT COORDINATOR | $174,166 | $3,933 | $85,430 | $22,794 | $286,323 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE J, PART III | FormAndLineReferenceDesc |
| Explanation | PART I, 4B DARRYL SCHRIVER, MELISSA WATTS, NICHOLE ESHBAUGH, WESLEY SCHEETS, AND JANET REHBERG ARE PARTICIPANTS IN A 457(F) PLAN. THE COOPERATIVE WILL DEPOSIT 25,000 FOR EACH MEMBER INTO THE PLAN EACH YEAR BEGINNING IN 2021. THIS AMOUNT WILL BE DEPOSITED EACH YEAR THROUGH 2026. AS LONG AS THE INDIVIDUAL REMAINS EMPLOYED AS A SENIOR STAFF MEMBER THROUGH MAY 31, 2026, THEY WILL BE PAID A LUMP SUM PAYMENT FOR THE FULL AMOUNT. IF THE EMPLOYEE IS NO LONGER A SENIOR STAFF MEMBER THROUGH MAY 31, 2026, THE ENTIRE AMOUNT WILL BE FORFEITED BACK TO THE COOPERATIVE. PART II, COLUMN C INCLUDED IN THIS AMOUNT IS THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER A DEFINED BENEFIT RETIREMENT PLAN. THE CONTRIBUTION RATE FOR PARTICIPANTS IN THE NRECA R&S DEFINED BENEFIT PENSION PLAN ARE THE SAME FOR ALL INDIVIDUALS IN THIS MULTI-EMPLOYER PLAN. THE CHANGE IN ACTUARIAL VALUE FOR EACH PARTICIPANT, HOWEVER, VARIES WITH AGE. IN OTHER WORDS, THE OLDER A PLAN PARTICIPANT IS, THE GREATER THE INCREASE IN THAT INDIVIDUAL'S CHANGE IN ACTUARIAL VALUE, ALL OTHER THINGS BEING EQUAL. BECAUSE THIS RELATES TO A MULTI-EMPLOYER PLAN, CASH CONTRIBUTION TO THE PLAN IN LIEU OF THE ACTUARIAL INCREASE ARE EXPENSED IN THE FINANCIAL STATEMENTS. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (12 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | THE COOPERATIVE'S RESPONSIBILITY AND AIM IS TO PROVIDE EXCELLENT AND INNOVATIVE CUSTOMER SERVICE AS REFLECTED IN TOP QUALITY ELECTRIC SERVICE RELIABILITY, AFFORDABLE RATES, EMPLOYEE TEAMWORK AND THE HIGHEST DEGREE OF INTEGRITY IN ALL COOPERATIVE ENDEAVORS. |
| FORM 990, PAGE 6, PART VI, LINE 4 | IN OCTOBER 2022,TRI-COUNTY ELECTRIC COOPERATIVE APPROVED AN OVERALL TARIFF RATE INCREASE. THIS RATE INCREASE WENT INTO EFFECT ON OCTOBER 1, 2022. |
| FORM 990, PAGE 6, PART VI, LINE 6 | THE COOPERATIVE WAS FORMED BY THE MEMBERS TO PROVIDE ELECTRIC SERVICE AT COST ON A COOPERATIVE BASIS. |
| FORM 990, PAGE 6, PART VI, LINE 7A | THE MEMBERS OF THE COOPERATIVE VOTE ON THE BOARD OF DIRECTORS. ELECTIONS ARE DONE ON A ONE MEMBER ONE VOTE BASIS BY DISTRICT. |
| FORM 990, PAGE 6, PART VI, LINE 7B | THE FOLLOWING ACTS REQUIRE APPROVAL OF THE MEMBERS OF THE COOPERATIVE: 1. DISSOLUTION/LIQUIDATION OF THE COOPERATIVE 2. MERGER OR CONSOLIDATION OF THE COOPERATIVE WITH ANOTHER ORGANIZATION. 3. THE DISPOSAL OF A SUBSTANTIAL PORTION OF THE COOPERATIVE'S ASSETS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | MANAGEMENT PRESENTED A COPY OF THE FORM 990 TO THE BOARD FOR DISCUSSION, REVIEW AND APPROVAL PRIOR TO FILING. THE DISCUSSION AND REVIEW WAS PERFORMED AT THE BOARD MEETING IMMEDIATELY BEFORE FILING THE FORM 990. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE BOARD OF DIRECTORS AND OFFICERS ARE REQUIRED TO REVIEW AND BE FAMILIAR WITH THE POLICIES OUTLINED IN THE COOPERATIVE'S CONFLICTS OF INTEREST POLICY. THE BOARD OF DIRECTORS AND OFFICERS ARE REQUIRED TO DISCLOSE ANY ACTION OR SITUATION THAT MIGHT VIOLATE THE POLICY TO THE FULL BOARD OF DIRECTORS AS SOON AS POSSIBLE. THE CONFLICTS OF INTEREST POLICY IS REVIEWED ON AN ANNUAL BASIS. IF ANY DISCLOSURE ARISES, THE PRESIDENT/CEO REVIEWS THE CONTRACT AND/OR PURCHASE PROCEDURES. ADDITIONALLY, THE PRESIDENT/CEO AND STAFF EVALUATE EMPLOYEE RELATIONSHIPS WITH VENDORS AND OTHER OUTSIDE ENTITIES FOR POSSIBLE CONFLICTS OF INTERESTS. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE BOARD OF DIRECTORS USE A COMPENSATION SURVEY AND COMPARE COMPENSATION REPORTED ON OTHER COOPERATIVE IRS FORMS 990 WHEN DETERMINING THE COMPENSATION OF THE PRESIDENT/CEO. THE SURVEY SHOWS COMPARATIVE SALARIES FOR PRESIDENTS/CEOS FROM SIMILARLY SITUATED COOPERATIVES LOCATED IN TEXAS AND THE NATION. |
| FORM 990, PAGE 6, PART VI, LINE 15B | THE PRESIDENT/CEO AND SENIOR STAFF USE AN INDEPENDENT CONSULTANT TO EVALUATE THE PAY STRUCTURE FOR THE COOPERATIVE. THE INDEPENDENT CONSULTANT USES A COMPENSATION SURVEY AND COMPARES COMPENSATION REPORTED ON OTHER COOPERATIVE IRS FORMS 990 WHEN DETERMINING THE COMPENSATION OF THE COOPERATIVE'S OTHER EMPLOYEES MEETING THE DEFINITION OF OFFICER AND KEY EMPLOYEES, IF ANY. THE SURVEY INCLUDES SALARIES FROM SIMILARLY SITUATED COOPERATIVES THROUGHOUT TEXAS AND THE NATION. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE COOPERATIVE PROVIDES A SUMMARIZED COPY OF THE AUDITED FINANCIAL STATEMENTS TO THE MEMBERS OF THE COOPERATIVE AT THE ANNUAL MEETING. THE COOPERATIVE WILL PROVIDE A COMPLETE COPY OF THE AUDITED FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, OR GOVERNING DOCUMENTS TO ANY MEMBER WHO REQUESTS A COPY. ALL REQUESTS MUST BE MADE IN WRITING. |
| FORM 990, PART VIII | FORM 990, PART IX THE COOPERATIVE'S ACCOUNTING RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS REQUIRED BY ITS REGULATORY AGENCY. THE UNIFORM SYSTEM OF ACCOUNTS DOES NOT RECORD EXPENSES IN THE EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1-23. THEREFORE, OTHER EXPENSES LINE 24 INCLUDES EXPENSES THAT ARE DESCRIBED IN LINES 1-23, BUT REPORTED USING THE UNIFORM SYSTEM OF ACCOUNTS. |
| FORM 990, PART XI, LINE 9 | NET CHANGE IN MEMBERSHIPS 126,079 PATRONAGE CAPITAL DIVIDEND 24,515,446 OTHER EQUITY CHANGES 9,285,852 EQUITY METHOD SUBSIDIARY -4,949,308 TOTAL 28,978,069 |
Schedule R IRS990ScheduleR
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VALUE CHOICE INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 BAILEY RANCH ROAD | AddressLine1Txt |
| City | ALEDO | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 76008 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 752803811 | EIN |
| Primary Activities | TELECOMMUN | PrimaryActivitiesTxt |
| Legal Domicile State | TX | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TRICOUNTY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C CORP | EntityTypeTxt |
| Share Of EOY Assets | $5,015,651 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | false | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (true) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VALUE CHOICE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | P | TransactionTypeTxt |
| Involved | $12,078 | InvolvedAmt |
| Method Of Amount Determination | CASH | MethodOfAmountDeterminationTxt |
Comments