2025-04-24T15:55:49-05:00 2023-12-31 582475857 NICHOLS CAULEY & ASSOCIATES LLC 1300 BELLEVUE AVENUE DUBLIN GA 310214152 990 2023-01-01 590474475 TALQUIN ELECTRIC COOPERATIVE INC TALQ 8506277651 POST OFFICE BOX 1679 QUINCY FL 323531679 SEAN ALDERMAN DIRECTOR OF FINANCE 8508755602 2025-04-23 1 0 CAL BRANTLEY CPA P00636393 4782751163 2025-04-23 2023 2025-03-06 01:10:19Z TRACY A BENSLEY POST OFFICE BOX 1679 QUINCY FL 323531679 136986399 0 X WWW.TALQUINELECTRIC.COM X 1940 FL TO PROVIDE ELECTRIC SERVICE TO MEMBERS 9 9 198 0 10430 9430 0 0 154947797 136784433 162841 175289 7799 10430 155118437 136970152 0 0 3935351 3482640 2781699 2751840 0 0 0 145147112 126213860 151864162 132448340 3254275 4521812 342803370 350728036 203618071 207308566 139185299 143419470 TO PROVIDE ELECTRIC SERVICE TO MEMBERS 0 0 132450456 TO PROVIDE ELECTRIC SERVICES TO MEMBERS 132450456 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 1 241 0 1 198 1 1 1 0 0 0 0 0 0 129899012 6276717 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X SEAN ALDERMAN 8506277651 1640 WEST JEFFERSON QUINCY FL 323512134 X JOE ALEXANDER PRESIDENT 6.50 6.50 X X 28550 0 0 CARLA PARARO TRUSTEE 2.75 2.75 X 21300 0 0 SAM FENN TRUSTEE 1.50 1.50 X 17450 0 0 DAVID B MILLER TRUSTEE 1.25 1.25 X 22600 0 0 CLIFFORD BRISTOL VICE PRESIDENT 4.00 4.00 X X 19800 0 0 BILLY VANLANDINGHAM SECRETARY/TREASURER 4.00 4.00 X X 22250 0 0 DAVID WRIGHT TRUSTEE 4.00 4.00 X 7500 0 0 GREG WINTER TRUSTEE 3.00 3.00 X 16000 0 0 JASON O'STEEN TRUSTEE 2.00 2.00 X 15450 0 0 TRACY A BENSLEY GENERAL MANAGER 27.50 27.50 X 436743 0 166400 SEAN ALDERMAN DIRECTOR OF FINANCE 22.50 22.50 X 224315 0 91591 JOHN HALLAS DIRECTOR OF WATER SERVICES 0.00 40.00 X 179480 0 64815 LORI PILZ DIRECTOR OF MEMBER SERVICES 47.00 X 178868 0 58784 MIKE TEMPLE DIR OF ADMINISTRATION 40.00 X 207867 0 228437 DANE CLEMONS DIRECTOR OF IT & COMM. 40.00 X 204702 0 69980 MIKE GRICE DIRECTOR OF ENG & OPS 45.00 X 206409 0 57342 NEWTON REYNOLDS CONSTRUCTION & MAINTENANCE CHIEF 40.00 X 166929 0 38278 1976213 0 775627 58 0 1 0 NELSON TREE SERVICE INC 4489 SOLUTIONS CENTER CHICAGO IL 606774004 TREE TRIMMING 3974201 PIKE ELECTRIC INC PO BOX 1000 MEMPHIS TN 381480517 DISTRIBUTION CONSTRUCTION 2200763 BURFORD'S TREE LLC PO BOX 532729 ATLANTA GA 30353 TREE TRIMMING 1997400 ANYTIME ELECTRIC INC PO BOX 1687 CRAWFORDVILLE FL 32326 DISTRIBUTION CONSTRUCTION 431554 EQUIX ENERGY SERVICES INC 32410 BLUE STAR HWY MIDWAY FL 32343 DISTRIBUTION CONSTRUCTION 406192 63 SALE ELECTRICITY 221000 129899012 129899012 PATRONAGE CAPITAL CREDITS 221000 6101428 6101428 POLE RENTAL 221000 783993 783993 136784433 189420 189420 12546 2116 10430 10430 10430 14131 -14131 -14131 -14131 136970152 129884881 10430 7074841 X 3482640 1334244 1417596 6288860 10651123 COST OF POWER 74015130 DISTRIBUTION MAINTENANC 15249043 DISTRIBUTION OPERATIONS 9286860 GENERAL AND ADMINISTRAT 8046019 2676825 132448340 3516225 5877345 29111888 20142798 5086902 9425974 2337487 2166331 1738275 1976882 342584973 103551657 233859490 239033316 122049 144662 67031054 71960728 342803370 350728036 21196818 11224839 172253355 183960046 10167898 12123681 203618071 207308566 X 223645 225915 7357586 7713179 131604068 135480376 139185299 143419470 342803370 350728036 X 4521812 -287641 X X 0 1 X 1 0 3606076 3606076 13224913 5689136 7535777 325753984 97862521 227891463 239033316 OTHER INVESTMENTS & PATRONAGE CAPITAL 316980 C INVESTMENT IN TALQUIN WATER AND WASTEWATER, INC. 31720068 C PATRONAGE CAPITAL - COBANK 1950409 C PATRONAGE CAPITAL - CFC 1292009 C PATRONAGE CAPITAL - SEMINOLE 31812617 C CFC CAPITAL TERM CERTIFICATES 2268985 C PATRONAGE CAPITAL - GRESCO UTILITY SUPPLY, INC. 2599660 C 71960728 CUSTOMER DEPOSITS 3750788 ACCUMULATED POSTRETIREMENT BENEFITS 2514798 CUSTOMER ADVANCES FOR CONSTRUCTION 2213982 DEFERRED COMPENSATION 144662 HURRICANE MICHAEL RESERVE 816731 OTHER -139 POWER COST OVERCOLLECTION 2682859 12123681 X PART X, LINE 2: THE COOPERATIVE'S AUDITED FINANCIAL STATEMENTS INCLUDED A DISCLOSURE THAT STATES THE COOPERATIVE BELIEVES THAT APPROPRIATE SUPPORT EXISTS FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. X X X 0 0 0 TRACY A BENSLEY GENERAL MANAGER 430527 0 3249 0 2967 0 136735 0 29665 0 603143 0 0 0 MIKE TEMPLE DIR OF ADMINISTRATION 203832 0 1537 0 2498 0 200495 0 27942 0 436304 0 0 0 SEAN ALDERMAN DIRECTOR OF FINANCE 219937 0 1664 0 2714 0 64573 0 27018 0 315906 0 0 0 DANE CLEMONS DIRECTOR OF IT & COMM. 199555 0 1480 0 3667 0 66931 0 3049 0 274682 0 0 0 MIKE GRICE DIRECTOR OF ENG & OPS 204336 0 1517 0 556 0 54995 0 2347 0 263751 0 0 0 JOHN HALLAS DIRECTOR OF WATER SERVICES 177389 0 1517 0 574 0 37115 0 27700 0 244295 0 0 0 LORI PILZ DIRECTOR OF MEMBER SERVICES 176809 0 1323 0 736 0 38534 0 20250 0 237652 0 0 0 NEWTON REYNOLDS CONSTRUCTION & MAINTENANCE CHIEF 164537 0 745 0 1647 0 28367 0 9911 0 205207 0 0 0 TALQUIN WATER AND WASTEWATER INC TRUSTEES COMMON TRUSTEESTHE BOARD OF TRUSTEES FOR THE COOPERATIVE AND TALQUIN WATER AND WASTEWATER, INC., A RELATED PARTY, ARE COMPRISED OF THE SAME INDIVIDUALS. 0 SEMINOLE ELECTRIC COOPERATIVE INC POWER SUPPLY COOPERATIVE 68323604 PURCHASED POWERGENERAL MANAGER TRACY A. BENSLEY AND CERTAIN TRUSTEES OF THE COOPERATIVE LISTED IN PART VII OF FORM 990 SERVE ON THE BOARD OF TRUSTEES OF SEMINOLE ELECTRIC COOPERATIVE, INC. 0 FORM 990, PART VI, SECTION A, LINE 6 THE COOPERATIVE'S MEMBERSHIP IS COMPROMISED OF ANY PERSON, FIRM, ASSOCIATION, CORPORATION OR BODY POLITIC OR SUBDIVISION WHO AGREES TO (1) PURCHASE UTILITY SERVICES FROM THE COOPERATIVE, (2) COMPLY WITH THE ARTICLES OF INCORPORATION AND BY-LAWS, AND (3) PAY THE MEMBERSHIP FEE. FORM 990, PART VI, SECTION A, LINE 7A ANY MEMBER, MEETING THE QUALIFICATIONS TO SERVE, CAN OBTAIN 15 MEMBERS' SIGNATURES TO BE PLACED ON THE BOARD OF TRUSTEES ELECTION BALLOT AT THE ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS MUST APPROVE ANY CHANGES TO THE ARTICLES OF INCORPORATION OR THE BY-LAWS. THE MEMBERS MUST ALSO APPROVE ANY DECISIONS BY THE BOARD OF TRUSTEES WHERE PREVIOUS AUTHORITY HAS NOT BEEN GRANTED BY THE GOVERNING DOCUMENTS. FORM 990, PART VI, SECTION B, LINE 11B EACH BOARD MEMBER RECEIVED A COPY OF THE FINAL 990 THROUGH ELECTRONIC MAIL PRIOR TO FILING THE RETURN. THE DIRECTOR OF FINANCE REVIEWS AND APPROVES THE RETURN PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY OF THE COOPERATIVE COVERS DIRECTORS, OFFICERS AND KEY EMPLOYEES. CONFLICTS MUST BE DISCLOSED TO THE PRESIDENT OR GENERAL MANAGER IMMEDIATELY AND ARE RELAYED TO THE BOARD OF TRUSTEES. THE INDIVIDUAL IS GIVEN 30 DAYS TO COMPLY WITH THE POLICY OR BE REMOVED FROM THEIR POSITION. FORM 990, PART VI, SECTION B, LINE 15 THE GENERAL MANAGER'S SALARY IS SET BY THE BOARD OF TRUSTEES. A COMPENSATION COMMITTEE RECOMMENDS THE SALARY BASED ON NATIONAL SURVEYS. THE FULL BOARD OF TRUSTEES APPROVES THE GENERAL MANAGER'S SALARY. THE COMPENSATION OF OFFICERS AND KEY EMPLOYEES IS SET BY THE GENERAL MANAGER. COMPENSATION STUDIES FOR POSITIONS IN SIMILAR INDUSTRIES ARE USED AS A BASIS FOR COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII - ADDITIONAL INFORMATION TIM WADDLE WORKS EXCLUSIVELY FOR TALQUIN WATER & WASTWATER, INC., BUT THE COOPERATIVE PAYS HIS SALARY AS HE IS AN EMPLOYEE OF COOPERATIVE. THEREFORE HE SPENDS ALL OF HIS HOURS AS A KEY EMPLOYEE WORKING FOR TALQUIN WATER & WASTWATER, INC. FORM 990, PART IX, LINE 24E CONSUMER ACCOUNTS & SERVICE 3,927,959. CUSTOMER SERVICE & INFORMATION 1,135,048. TRANSMISSION 143,339. OTHER NONOPERATING - PRB PLAN 82,920. SALES 68,083. OTHER 48,312. TAXES 25,120. LESS RENTAL EXPENSES REPORTED IN PART VIII -2,116. LESS COMPENSATION REPORTED ON LINES 5 & 7 -2,751,840. FORM 990, PART IX THE IRS' INSTRUCTIONS FOR THE 2023 VERSION OF THE FORM 990 STATE: THE INSTRUCTIONS CLARIFY THAT PATRONAGE DIVIDENDS PAID BY SECTION 501(C)(12) ORGANIZATIONS TO THEIR MEMBERS SHOULD BE REPORTED ON LINE 4..." OF PART IX, STATEMENT OF FUNCTIONAL EXPENSES. LINE 4 IS ENTITLED "BENEFITS PAID TO OR FOR MEMBERS". SIGNIFICANT INDUSTRY-WIDE DISCUSSIONS CONTINUE REGARDING THE NEED FOR THE IRS' CLARIFICATION AND WHETHER PATRONAGE DIVIDENDS PAID MEANS CAPITAL CREDITS ALLOCATED, CAPITAL CREDITS RETIRED OR SOME OTHER AMOUNT. FOR PURPOSES OF THIS FORM 990, THE AMOUNT REPORTED ON LINE 4 REPRESENTS THE AMOUNT REPORTED IN THE AUDITED FINANCIAL STATEMENT OF REVENUE AND CHANGES IN PATRONAGE CAPITAL FOR THE YEAR ENDED DECEMBER 31, 2023 AND OTHER BENEFITS PAID TO MEMBERS. FORM 990, PART IX THE ACCOUNTING RECORDS OF THE COOPERATIVE ARE MAINTAINED IN ACCORDANCE WITH THE ACCOUNTING PRACTICES PRESCRIBED BY THE RURAL UTILITIES SERVICE (RUS) OF THE UNITED STATES DEPARTMENT OF AGRICULTURE. THESE ACCOUNTING PRACTICES DO NOT RECORD EXPENSES IN THE GENERAL EXPENSE CATEGORIES PROVIDED IN PART IX, LINES 1 - 23. THE COOPERATIVE SEPARATELY REPORTS CERTAIN EXPENSE CLASSIFICATIONS, BUT OTHER EXPENSES THAT ARE DESCRIBED IN LINES 1 - 23 ARE REPORTED ON LINE 24 UNDER THE EXPENSE CATEGORIES REQUIRED BY RUS. ADDITIONALLY, THE IRS' INSTRUCTIONS FOR THE 2023 VERSION OF THE FORM 990 STATE: THE ORGANIZATION MUST SEPARATELY REPORT THE AMOUNT, IF ANY, OF UNRELATED BUSINESS INCOME TAXES THAT IT PAID OR ACCRUED DURING THE TAX YEAR ON LINE 24. THE COOPERATIVE PAID $1,946 IN ESTIMATED TAX PAYMENTS DURING 2023 FOR ITS 2023 RETURN. FORM 990, PART XI, LINE 9: CHANGE IN MEMBERSHIPS 2,270. OTHER COMPREHENSIVE INCOME (LOSS) -113,496. CHANGE IN OTHER EQUITIES 447,403. OTHER PATRONAGE CAPITAL CHANGES -623,818. FORM 990 PART XII, LINE 2C EXPLANATION THERE HAVE BEEN NO CHANGES IN THE PROCESS SINCE THE PRIOR YEAR. TALQUIN WATER AND WASTEWATER INC 1640 WEST JEFFERSON STREET QUINCY FL 32351 204787395 COOPERATIVE FL 501(C)(12) TALQUIN ELECTRIC COOPERATIVE INC 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 TALQUIN WATER AND WASTEWATER INC D 9425974 CASH VALUE TALQUIN WATER AND WASTEWATER INC A 79703 CASH VALUE