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Tri County Electric Cooperative Inc

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$53.1M (2023)

Expenses
$51.9M (2023)

Total Assets
$173M (2023)

Total Liabilities
$135M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$53,067,650
Expenses
$51,881,148
Net Income
$1,186,502
Net Assets
$38,047,994
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $52,269,495
98.5%
Investment Income $798,155
1.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $535,379
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $173,402,940
Total Liabilities $135,354,946
Net Assets $38,047,994
Club or Co-Op Income
Income From Members $47,850,939
Income From Other Sources $4,438,773
Compensation
Key Employees and Officers Compensation Related Other
Chad Lowder (Ceo) $245,725 $0 $129,185
Michael Weeks (Cfo) $185,871 $0 $91,733
Jerrell Furtick (Coo) $180,186 $0 $96,620
John Arant (Contract Sup) $108,461 $0 $56,771
Airfineil Whitmore (Super. Syste) $105,435 $0 $49,248
Matt Wiles (Constr. Crew) $105,344 $0 $46,721
Ida L Dixon (Vice Preside) $21,830 $0 $0
George Wilson (Trustee) $20,255 $0 $0
Willie E Jeffries (Trustee) $20,030 $0 $0
Gary F Geiger (Treasurer) $18,764 $0 $0
Barbara Weston (President) $18,230 $0 $0
James R Dantzler (Trustee) $15,755 $0 $0
William Robinson (Trustee) $15,558 $0 $0
Jacqueline S Shaw (Secretary) $15,305 $0 $0
Joe Strickland Jr (Trustee) $14,742 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$48,302,778
Expenses
$49,617,281
Net Income
-$1,314,503
Net Assets
$33,157,838
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $48,127,274
99.6%
Investment Income $175,504
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $524,612
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $162,951,280
Total Liabilities $129,793,442
Net Assets $33,157,838
Club or Co-Op Income
Income From Members $44,837,672
Income From Other Sources $2,769,483
Compensation
Key Employees and Officers Compensation Related Other
Chad Lowder (Ceo) $234,447 $0 $117,463
Jerrell Furtick (Coo) $174,221 $0 $89,069
Michael Weeks (Cfo) $155,820 $0 $84,678
Airfineil Whitmore (Sup. System) $104,392 $0 $45,341
George Stone (Serviceman/L) $101,042 $0 $56,780
Ida L Dixon (Vice Preside) $26,780 $0 $0
Billy Shannon (Trustee Fo) $24,170 $0 $0
Willie E Jeffries (Trustee) $23,067 $0 $0
George Wilson (Trustee) $22,842 $0 $0
Gary F Geiger (Treasurer) $20,367 $0 $0
James R Dantzler (Trustee) $19,186 $0 $0
Barbara Weston (President) $17,358 $0 $0
Jacqueline S Shaw (Secretary) $15,136 $0 $0
Joe Strickland Jr (Trustee) $14,011 $0 $0
William Robinson (Trustee) $13,955 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$45,784,852
Expenses
$45,750,458
Net Income
$34,394
Net Assets
$31,103,402
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,266,300
2.8%
Program Services $44,388,125
96.9%
Investment Income $130,427
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $462,879
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $138,986,472
Total Liabilities $107,883,070
Net Assets $31,103,402
Club or Co-Op Income
Income From Members $41,764,546
Income From Other Sources $1,579,590
Compensation
Key Employees and Officers Compensation Related Other
Chad Lowder (Ceo) $221,475 $0 $117,978
Jerrell Furtick (Coo) $161,629 $0 $89,532
Michael Weeks (Cao) $136,194 $0 $78,594
Billy Shannon (Trustee Fo) $24,276 $0 $0
Ida L Dixon (Vice Preside) $16,036 $0 $0
George Wilson (Trustee) $15,530 $0 $0
Willie E Jeffries (Trustee) $15,339 $0 $0
Jacqueline S Shaw (Secretary) $13,786 $0 $0
Gary F Geiger (Treasurer) $12,999 $0 $0
William Robinson (Trustee) $12,942 $0 $0
Joe Strickland Jr (Trustee) $12,717 $0 $0
James R Dantzler (Trustee) $12,661 $0 $0
Barbara Weston (President) $11,415 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$44,160,884
Expenses
$44,324,911
Net Income
-$164,027
Net Assets
$30,166,275
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $44,089,242
99.8%
Investment Income $71,642
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $446,751
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $112,327,920
Total Liabilities $82,161,645
Net Assets $30,166,275
Club or Co-Op Income
Income From Members $43,455,740
Income From Other Sources $450,955
Compensation
Key Employees and Officers Compensation Related Other
Chad Lowder (Ceo) $221,565 $0 $110,532
Jerrell Furtick (Coo) $161,332 $0 $84,768
Michael Weeks (Cao) $135,440 $0 $73,214
Billy Shannon (Trustee Fo) $24,276 $0 $0
Ida L Dixon (Vp Nov Dec) $13,505 $0 $0
Joe Strickland Jr (Trustee) $13,053 $0 $0
Willie E Jeffries (Trustee) $12,774 $0 $0
Barbara Weston (President) $12,717 $0 $0
George Wilson (Trustee) $12,661 $0 $0
James R Dantzler (Trustee) $12,659 $0 $0
William Robinson (Vp Jan Nov) $12,549 $0 $0
Gary F Geiger (Treasurer) $12,042 $0 $0
Jacqueline S Shaw (Secretary) $10,580 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$44,673,882
Expenses
$44,710,887
Net Income
-$37,005
Net Assets
$28,972,524
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $44,639,847
99.9%
Investment Income $34,035
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $497,147
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $103,672,390
Total Liabilities $74,699,866
Net Assets $28,972,524
Club or Co-Op Income
Income From Members $45,246,715
Income From Other Sources $72,533
Compensation
Key Employees and Officers Compensation Related Other
Chad Lowder (Ceo) $217,165 $0 $105,911
Jerrell Furtick (Coo) $151,583 $0 $82,068
Michael Weeks (Cao) $111,340 $0 $58,939
Billy Shannon (Trustee Fo) $24,033 $0 $0
Ida L Dixon (Trustee) $22,504 $0 $0
George Wilson (Trustee) $21,266 $0 $0
Barbara Weston (President) $20,254 $0 $0
Willie E Jeffries (Trustee) $19,466 $0 $0
James R Dantzler (Trustee) $19,354 $0 $0
Gary F Geiger (Treasurer) $18,904 $0 $0
William Robinson (Vice Preside) $18,004 $0 $0
Jacqueline S Shaw (Secretary) $18,004 $0 $0
Joe Strickland Jr (Trustee) $16,316 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$45,643,306
Expenses
$45,816,882
Net Income
-$173,576
Net Assets
$28,739,170
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $45,584,239
99.9%
Investment Income $59,067
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $500,024
1.1%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $101,742,787
Total Liabilities $73,003,617
Net Assets $28,739,170
Club or Co-Op Income
Income From Members $45,102,131
Income From Other Sources $194,546
Compensation
Key Employees and Officers Compensation Related Other
Chad Lowder (Ceo) $208,227 $0 $105,207
Jerrell Furtick (Coo) $154,905 $0 $80,962
Linda Wright (Mgr Of Finan) $108,024 $0 $65,601
Billy Shannon (Treas. (Jan) $30,076 $0 $0
Heath Hill (Pres. (Jan ) $25,615 $0 $0
Kenneth Davis Jr (Sec. (Jan ) $25,105 $0 $0
Barbara Heape (Trustee (Jan) $22,882 $0 $0
Mary Brown (Trustee (Jan) $19,051 $0 $0
Fredrick Shuler Sr (Trustee (Jan) $17,913 $0 $0
Maurice Etheredge (Vp (Jan Au) $13,026 $0 $0
Jeffrey Reeves (Trustee (Jan) $12,968 $0 $0
Barry Hutto (Trustee (Jan) $11,853 $0 $0
Ida L Dixon (Trustee (Nov) $900 $0 $0
Barbara Weston (Pres. (Nov ) $900 $0 $0
George Wilson (Trustee (Nov) $900 $0 $0
Gary F Geiger (Treas. (Nov) $900 $0 $0
Joe Strickland Jr (Trustee (Nov) $900 $0 $0
William Robinson (Vp (Nov De) $900 $0 $0
Willie E Jeffries (Trustee (Nov) $900 $0 $0
James R Dantzler (Trustee (Nov) $900 $0 $0
Jacqueline S Shaw (Sec. (Nov ) $900 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$45,068,970
Expenses
$44,988,827
Net Income
$80,143
Net Assets
$27,490,472
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $44,985,959
99.8%
Investment Income $83,011
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $795,310
1.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $99,816,748
Total Liabilities $72,326,276
Net Assets $27,490,472
Club or Co-Op Income
Income From Members $44,575,150
Income From Other Sources $239,964
Compensation
Key Employees and Officers Compensation Related Other
Chad Lowder (Ceo) $201,779 $0 $99,533
Jerrell Furtick (Coo) $149,132 $0 $76,795
Linda Wright (Mgr Of Finan) $105,071 $0 $61,739
Heath Hill (President) $79,633 $0 $0
Kenneth Davis Jr (Secretary) $65,261 $0 $0
Billy Shannon (Trustee) $58,814 $0 $0
Maurice Etheredge (Vice Preside) $58,308 $0 $0
Mary Brown (Trustee) $54,301 $0 $0
Barbara Heape (Trustee) $51,151 $0 $0
Fredrick Shuler Sr (Treasurer) $49,431 $0 $0
Jeffrey Reeves (Trustee) $39,648 $0 $0
Barry Hutto (Trustee) $37,451 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$44,430,231
Expenses
$44,401,649
Net Income
$28,582
Net Assets
$26,564,486
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $44,401,648
99.9%
Investment Income $28,583
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $756,030
1.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $90,184,560
Total Liabilities $63,620,074
Net Assets $26,564,486
Club or Co-Op Income
Income From Members $43,958,840
Income From Other Sources $155,428
Compensation
Key Employees and Officers Compensation Related Other
Chad Lowder (Ceo) $197,045 $0 $91,069
Jerrell Furtick (Coo) $145,397 $0 $70,764
Linda Wright (Mgr Of Finan) $105,587 $0 $61,124
Rickey Hanes (Mgr Of Opera) $103,018 $0 $43,502
Heath Hill (President) $78,967 $0 $0
Kenneth Davis Jr (Secretary) $64,500 $0 $0
Billy Shannon (Trustee) $57,707 $0 $0
Mary Brown (Trustee) $54,091 $0 $0
Maurice Etheredge (Vice Preside) $52,662 $0 $0
Fredrick Shuler Sr (Treasurer) $48,325 $0 $0
Barbara Heape (Trustee) $45,091 $0 $0
Barry Hutto (Trustee) $42,295 $0 $0
Jeffrey Reeves (Trustee) $24,278 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$43,787,353
Expenses
$43,732,899
Net Income
$54,454
Net Assets
$26,144,783
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $43,737,443
99.9%
Investment Income $49,910
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $699,652
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $91,309,402
Total Liabilities $65,164,619
Net Assets $26,144,783
Club or Co-Op Income
Income From Members $43,515,736
Income From Other Sources $122,616

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$46,399,283
Expenses
$47,436,849
Net Income
-$1,037,566
Net Assets
$24,684,189
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $46,019,531
99.2%
Investment Income $379,752
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $597,416
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $93,222,434
Total Liabilities $68,538,245
Net Assets $24,684,189
Club or Co-Op Income
Income From Members $43,863,665
Income From Other Sources $444,868

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$41,794,988
Expenses
$41,794,988
Net Income
$0
Net Assets
$26,412,867
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $41,431,641
99.1%
Investment Income $363,347
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $524,464
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $91,015,927
Total Liabilities $64,603,060
Net Assets $26,412,867
Club or Co-Op Income
Income From Members $41,219,406
Income From Other Sources $437,663

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$39,406,399
Expenses
$39,487,429
Net Income
-$81,030
Net Assets
$23,700,266
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $39,058,654
99.1%
Investment Income $347,745
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $578,883
1.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $86,825,218
Total Liabilities $63,124,952
Net Assets $23,700,266
Club or Co-Op Income
Income From Members $38,839,967
Income From Other Sources $404,949

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$41,260,660
Expenses
$41,260,660
Net Income
$0
Net Assets
$24,421,785
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $40,952,819
99.3%
Investment Income $307,841
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $564,560
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $89,250,070
Total Liabilities $64,828,285
Net Assets $24,421,785
Club or Co-Op Income
Income From Members $40,803,213
Income From Other Sources $364,657

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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