Nonprofit · EIN 62-0186725
DUCK RIVER ELECTRIC MEMBERSHIP CORPORATION
Tax-exempt · SHELBYVILLE, TN 37160
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $263,609,490 | $263,609,490 | $0 | $352,539,811 | $149,587,138 | $202,952,673 |
| June 30, 2024 | 990 | $239,149,236 | $239,149,236 | $0 | $317,535,633 | $140,333,328 | $177,202,305 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $262,228,401
- Investment income
- $1,049,200
- Net gain from sales of assets
- $632,096
- Other revenue
- $331,889
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $22,928,469
- Compensation of officers, directors and key employees
- $2,536,954
- Other salaries and wages
- $10,607,543
- Salaries, compensation and benefits (total)
- $21,292,144
- Professional fundraising fees
- $0
- Legal fees
- $38,974
- Accounting fees
- $16,130
- Depreciation
- $13,665,394
Balance sheet and other
- Total assets, start of year
- $317,535,633
- Total assets, end of year
- $352,539,811
- Total liabilities, end of year
- $149,587,138
- Net assets, end of year
- $202,952,673
- Land, buildings and equipment
- $288,547,224
- Gross receipts
- $264,001,419
- Employees
- 195
- Year formed
- 1936
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TROY CROWELL | INTERIM PRES Officer | 50 | $267,243 | $218,952 |
| SCOTT DAHLSTROM | CHIEF ENGINE Key employee | 45 | $255,730 | $53,278 |
| MICHELLE HERRMAN | CFO Officer | 55 | $208,022 | $45,899 |
| LEE PETTES | OPS SUPERVIS Highest-paid employee | 50 | $152,761 | $95,483 |
| SCOTT SPENCE | PRES. & CEO Former | 63 | $224,431 | $10,792 |
| STEVEN HOPKINS | DIRECTOR, CO Key employee | 46 | $158,320 | $74,899 |
| JAMES EDDE | COO Key employee | 50 | $182,433 | $48,705 |
| JEFF HOCKADAY | DIST. OPER. Highest-paid employee | 50 | $158,403 | $65,651 |
| SEAN SCHELLER | WORKING FORE Highest-paid employee | 50 | $171,540 | $36,842 |
| JULIE MURDOCK | SR PURCHASIN Highest-paid employee | 43 | $154,248 | $34,842 |
| JEFF HOLT | SR WORKING F Highest-paid employee | 45 | $154,210 | $32,557 |
| JAMES BATES | FORMER CONTR Former | 48 | $152,289 | $24,058 |
| JAMES WRIGHT | PRESIDENT AN Officer | 60 | $85,684 | $2,387 |
| ANTHONY KIMBROUGH | CHAIRMAN Trustee or director, Officer | 6.82 | $26,660 | $0 |
| DANA SALTERS | SECRETARY Trustee or director, Officer | 3.58 | $19,320 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRIAN RIDDLE | DIRECTOR Trustee or director | 3.26 | $17,920 |
| JAMES BRENT WILLIS | DIRECTOR Trustee or director | 4.9 | $17,700 |
| WILLIAM WILSON | DIRECTOR Trustee or director | 4.87 | $17,700 |
| BAXTER WHITE | DIRECTOR Trustee or director | 5.05 | $16,950 |
| MARK WEBB | VICE CHAIRMA Trustee or director, Officer | 3.84 | $16,840 |
| WAYNE TUCKER | DIRECTOR Trustee or director | 5.12 | $16,080 |
| PHILIP DUNCAN | TREASURER Trustee or director, Officer | 6.48 | $14,490 |
| LYN STACEY | DIRECTOR Trustee or director | 4.44 | $13,220 |
| WILLIAM HENLEY | DIRECTOR Trustee or director | 2.69 | $12,900 |
| BUFORD JENNINGS | DIRECTOR Trustee or director | 2.96 | $11,600 |
| MIKE ENGLAND | DIRECTOR Trustee or director | 3.67 | $10,260 |
| SAMMY MORTON | DIRECTOR Trustee or director | 14 | $0 |
990 for the year ended June 30, 2024: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SCOTT SPENCE | PRES. & CEO Officer | 63 | $453,934 | $62,581 |
| TROY CROWELL | INTERIM PRES Officer | 50 | $175,971 | $116,183 |
| JEFF HOCKADAY | DIST. OPER. Highest-paid employee | 55 | $152,121 | $61,926 |
| JAMES EDDE | SR. DIRECTOR Highest-paid employee | 50 | $153,163 | $45,272 |
| TIM SHELTON | SENIOR LINEM Highest-paid employee | 48 | $151,919 | $37,094 |
| JULIE MURDOCK | SR PURCHASIN Highest-paid employee | 43 | $146,777 | $35,761 |
| JEFF HOLT | SR WORKING F Highest-paid employee | 45 | $147,705 | $29,590 |
| JAMES BATES | FORMER CONTR Former | 48 | $144,459 | $22,627 |
| MICHELLE HERRMAN | VICE PRESIDE Officer | 50 | $120,408 | $33,896 |
| DANA SALTERS | SECRETARY Trustee or director, Officer | 2.58 | $19,380 | $0 |
| PHILIP DUNCAN | TREASURER Trustee or director, Officer | 5.47 | $17,220 | $0 |
| MIKE ENGLAND | DIRECTOR Trustee or director | 4.08 | $14,900 | $0 |
| WILLIAM WILSON | DIRECTOR Trustee or director | 2.93 | $14,850 | $0 |
| ANTHONY KIMBROUGH | CHAIRMAN Trustee or director, Officer | 3.55 | $14,080 | $0 |
| BAXTER WHITE | DIRECTOR Trustee or director | 3.99 | $13,980 | $0 |
| WAYNE TUCKER | DIRECTOR Trustee or director | 3.85 | $13,440 | $0 |
| MARK WEBB | VICE CHAIRMA Trustee or director, Officer | 2.26 | $13,120 | $0 |
| JAMES BRENT WILLIS | DIRECTOR Trustee or director | 3.58 | $12,900 | $0 |
| BARRY COOPER | FORMER DIREC Trustee or director, Officer | 6.14 | $12,660 | $0 |
| LYN STACEY | DIRECTOR Trustee or director | 3.69 | $10,470 | $0 |
| BUFORD JENNINGS | DIRECTOR Trustee or director, Officer | 2.65 | $9,500 | $0 |
| BRIAN RIDDLE | DIRECTOR Trustee or director | 4.68 | $8,690 | $0 |
| WILLIAM HENLEY | DIRECTOR Trustee or director | 2.17 | $7,670 | $0 |
Address and contacts
- Address (IRS master file)
- 1411 MADISON ST, SHELBYVILLE, TN 37160-3629
- In care of
- % MICHAEL F WATSON
- Principal officer (990 for 2024)
- JAMES WRIGHT, PO BOX 89, SHELBYVILLE, TN 37162
- Signed the 990
- MICHELLE HERRMAN, CFO
- Phone
- (931) 684-4621
- Website
- WWW.DREMC.COM
- Return prepared by
- WINNETT ASSOCIATES PLLC
Mission
OUR PURPOSE IS TO EMPOWER OUR COMMUNITIES AND ENHANCE THE QUALITY OF LIFE FOR OUR MEMBERS.
Program accomplishments
- PROVIDING ELECTRIC SERVICE TO 86,020 MEMBERS PRIMARILY IN BEDFORD, COFFEE, FRANKLIN, GILES, MARSHALL, MAURY AND MOORE COUNTIES IN MIDDLE TENNESSEE SINCE THE FORMATION OF THE COOPERATIVE IN MAY OF 1936.Expenses $263,609,490
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 62-0186725
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1959
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $352,539,811
- Income (IRS master file)
- $264,001,419
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $263,609,490 | $263,609,490 | $352,539,811 | XML |
| 990 | June 2024 | $239,149,236 | $239,149,236 | $317,535,633 | XML |
| 990 | June 2023 | $235,445,434 | $235,445,434 | $297,457,935 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 62-0186725).
Questions about DUCK RIVER ELECTRIC MEMBERSHIP CORPORATION
- What is the EIN of DUCK RIVER ELECTRIC MEMBERSHIP CORPORATION?
- The employer identification number (EIN) of DUCK RIVER ELECTRIC MEMBERSHIP CORPORATION is 62-0186725.
- Is DUCK RIVER ELECTRIC MEMBERSHIP CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1959.
- Are donations to DUCK RIVER ELECTRIC MEMBERSHIP CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does DUCK RIVER ELECTRIC MEMBERSHIP CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DUCK RIVER ELECTRIC MEMBERSHIP CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DUCK RIVER ELECTRIC MEMBERSHIP CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of DUCK RIVER ELECTRIC MEMBERSHIP CORPORATION?
- The 990 for the year ended June 30, 2025 names JAMES WRIGHT.
- Who are the officers and directors of DUCK RIVER ELECTRIC MEMBERSHIP CORPORATION?
- The 990 for the year ended June 30, 2025 lists 27 people; 26 received compensation from the organization, the highest $267,243 (TROY CROWELL, INTERIM PRES).
- How much revenue does DUCK RIVER ELECTRIC MEMBERSHIP CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $263,609,490, expenses of $263,609,490 and total assets of $352,539,811 at year end.
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