Tri-County Rural Electric Cooperative Inc
- Assets
- $151.9m
- Revenue
- $33.0m
- Investments
- $0.0
- Employees
- 41
- Location
- Mansfield, PA
- Founding
- 08/1938
- Data as of
- 12/2021
- EIN
- 24-0744667
Organization Overview
Tri-County Rural Electric Cooperative Inc is located in Mansfield, PA. The organization was established in 1938. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Tri-County Rural Electric Cooperative Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tri-County Rural Electric Cooperative Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2021, Tri-County Rural Electric Cooperative Inc generated $33.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $33.7m during the year ending 12/2021. While expenses have increased by 13.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVISION OF ELECTRICITY, ON A COOPERATIVE BASIS, TO MEMBERS IN RURAL PENNSYLVANIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF ELECTRICITY, ON A COOPERATIVE BASIS, TO MEMBERS IN RURAL PENNSYLVANIA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Eccher Ceo/president Through 4/30/21 | Officer | 40 | $190,016 |
Kevin Brownlee Ceo/president Starting 4/30/21 | Officer | 40 | $169,230 |
William Gerski Sen VP Of Business Development | 40 | $152,695 | |
Aaron Young Chief Operating/technology | 40 | $151,149 | |
Shawn Simonds Chief Lineman | 40 | $123,878 | |
Joseph Mickey Chief Lineman | 40 | $122,320 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bnf Powerline Construction Inc Pole Construction | 12/30/21 | $2,938,527 |
Jaflo Inc Fiber Services | 12/30/21 | $2,565,053 |
Vantage Point Consulting Services | 12/30/21 | $2,300,154 |
Graybar Fiber Distribution | 12/30/21 | $6,249,547 |
Henkels And Mccoy Inc Fiber Services | 12/30/21 | $4,890,815 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,155,225 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,155,225 |
| Total Program Service Revenue | $33,775,366 |
| Investment income | $44,079 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,937,080 |
| Net Gain/Loss on Asset Sales | -$26,584 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $23,606 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,038,928 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $2,629,990 |
| Compensation of current officers, directors, key employees. | $796,088 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $72,654 |
| Fees for services: Accounting | $500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,634 |
| Advertising and promotion | $29,336 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,719,121 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,572,535 |
| Insurance | $0 |
| All other expenses | $722,159 |
| Total functional expenses | $33,744,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $519,037 |
| Savings and temporary cash investments | $5,595,535 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,591,852 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,510,284 |
| Prepaid expenses and deferred charges | $354,429 |
| Net Land, buildings, and equipment | $110,452,857 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $27,495,914 |
| Intangible assets | $120,151 |
| Other assets | $1,269,515 |
| Total assets | $151,909,574 |
| Accounts payable and accrued expenses | $5,611,472 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $94,700,326 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $472,284 |
| Total liabilities | $100,784,082 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $51,125,492 |
| Total liabilities and net assets/fund balances | $151,909,574 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Water Street Corporation New York, NY | $813,800,441 | $168,631,992 |
Adams Electric Cooperative Inc Gettysburg, PA | $218,291,432 | $70,869,610 |
Pioneer Rural Electric Cooperative Inc Piqua, OH | $137,811,122 | $72,827,818 |
Union Rural Electric Co-Op Inc Marysville, OH | $107,663,886 | $61,032,798 |
Licking Rural Electrification Inc Newark, OH | $316,474,567 | $64,454,016 |
Consolidated Cooperative Mt Gilead, OH | $135,336,279 | $58,791,301 |
Paulding-Putnam Electric Cooperative Inc Paulding, OH | $113,731,744 | $45,501,402 |
Hancock-Wood Electric Cooperative North Baltimore, OH | $133,031,141 | $50,854,119 |
Buckeye Rural Electric Co-Op Inc Rio Grande, OH | $133,098,121 | $42,883,645 |
Lorain-Medina Rural Electric Coop Inc Wellington, OH | $103,003,393 | $43,488,454 |
Licking Rural Electrification Inc Newark, OH | $102,878,890 | $42,243,182 |
Guernsey-Muskingum Electric Coop New Concord, OH | $95,596,998 | $38,264,005 |