2024-05-13T13:05:48-07:00 2023-06-30 990 2022-07-01 620301937 MOUNTAIN ELECTRIC COOPERATIVE INC MOUN 4237271960 604 S Church Street PO Box 180 Mountain City TN 37683 Judy Walsh Director of Finance & Accounting 4237271960 2024-05-13 Judy Walsh 999009999 1 1 11 0 AAL2 2022 2023-04-26 12:10:37Z Judy L Walsh 604 S Church Street PO Box 180 Mountain City TN 37683 72876656 0 X www.mountainelectric.com X 1941 TN Distribution of Electricity 8 8 101 0 0 0 0 0 65254528 71270728 143916 146950 1378667 1458978 66777111 72876656 0 0 0 0 0 0 0 0 0 63542940 69545506 63542940 69545506 3234171 3331150 121686166 129775233 42772294 47577760 78913872 82197473 Electric Power Distribution: To provide reliable electric power at the lowest possible cost 0 0 69545506 72876656 Electric Power Distribution: To provide reliable electric power at the lowest possible cost 0 0 0 69545506 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 27 0 0 101 1 0 0 0 0 0 71270728 1605928 0 0 0 X 8 8 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 TN X X X Judy L Walsh 4237271960 604 S Church Street PO Box 180 Mountain City TN 37683 Joseph A Thacker General Manager 40 0 X 156462 0 20746 Jonathan Kyle Holtsclaw District Manager 40 0 X 73322 0 17562 Christopher J Stoia General Manager 40 0 X 66827 0 5100 W O Hampton Secretary Treasurer 5 0 X X 2000 0 8320 Bruce Lacey Trustee 1.5 X 1600 0 8332 David Ellis President 2.5 0 X X 7450 0 79 Ronnie Townson Trustee 5 0 X 6200 0 39 Harry Smith Trustee 1.5 0 X 1700 0 4084 Robert Heck Trustee 1 0 X 5700 0 52 David Atwood Trustee 2 0 X 1600 0 4076 Vickie Davidson Trustee 2 0 X 5443 0 0 John Brookshire Trustee 1 0 X 900 0 13 329204 0 68403 1 0 1 0 0 0 71270728 71270728 0 0 71270728 146950 146950 0 0 0 0 0 0 0 0 0 0 1448612 0 0 0 1448612 0 1448612 1448612 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10366 10366 0 0 10366 72876656 72876656 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Purchased Power 52053604 Operating and General Expenses 12426151 Depreciation Expense 4250148 Debt Expense 815603 69545506 0 0 0 7383194 2849955 222814 340851 0 3497167 3099011 0 0 0 0 0 3327276 1801655 3412561 176159686 60165686 103477708 115994000 0 0 0 0 3778007 2277200 121686166 129775233 9953924 10336543 0 0 0 0 0 24144366 28460546 0 8674004 8780671 42772294 47577760 X 142210 144075 0 0 78771662 82053398 78913872 82197473 121686166 129775233 X 3331150 0 0 0 0 -47549 X 0 1 1 0 3112867 0 3112867 10317248 0 3551396 6765852 0 0 0 0 149205520 0 56614290 92591230 13524051 0 0 13524051 115994000 0 Post Retirement Benefit 5473452 Consumer deposits 2876800 PRB Obligation - Current Portion 429810 Miscellaneous Deferred Credits 609 8780671 X 72876656 0 0 0 0 0 72876656 0 0 0 72876656 69545506 0 0 0 0 0 69545506 0 0 0 69545506 Schedule D, Part X, Line 2 The Organization does not have liability for uncertain tax positions under FIN 48 X X X 0 0 0 Joseph A Thacker General Manager 156462 0 0 0 20476 0 0 0 0 0 176938 0 Form 990, Part VI, Section A, Line 6 As a utility cooperative our customers are members. They pay a $5.00 membership fee when connected and get it back when they disconnect. Form 990, Part VI, Section A, Line 7a Board members are elected by the members in their district. Form 990, Part VI, Section B, Line 11b The board members receive a copy of Form 990 at their monthly meeting and review it as a whole. Form 990, Part VI, Section B, Line 12c Directors, individually and collectively, are responsible for avoiding conflict of interest situations and the Ethics Committee reviews possible conflicts yearly and as the need arises. The Directors, GM and CFO must avoid activities that would create a conflict of the appearance of a conflict of interest. Form 990, Part VI, Section B, Line 15 The board publishes CEO positions and accepts applications. Interviews are completed. The candidates are evaluated and receive an offer that is based on experience and comparable industry salaries. Form 990, Part VI, Section C, Line 18 A copy of Cooperative By-Laws and member information is given to each new member and copies are readily available upon demand to the public. Form 990, Part VI, Section C, Line 19 Cooperative Financials are printed in the Tennessee Magazine, a trade publication specific to the Cooperative, yearly. The members receive this publication monthly. Financials are also printed in the program and given to members at the Annual Educational Meeting. This information as well as the Conflict of Interest policy is also readily available upon request. Rate schedules and other information are available on the Cooperative web site at www.mountainelectric.com. Form 990, Part XI, Line 9 Change in other Comprehensive Income -49414 and change in memberships 1865 Request for Extension of Time filed and approved.