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 204787395 TALQUIN WATER AND WASTEWATER 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 17007130 0 X WWW.TALQUINELECTRIC.COM X 2006 FL THE PRIMARY FUNCTION OF TALQUIN WATER AND WASTEWATER, INC. IS TO CONSTRUCT, MAINTAIN, OR OPERATE A WATER AND/OR WASTEWATER SYSTEM WITHIN THE STATE OF FLORIDA. 9 9 0 0 0 0 0 0 15535682 16948580 8500 58550 0 0 15544182 17007130 0 0 226720 623818 0 0 0 0 0 13599564 13552855 13826284 14176673 1717898 2830457 80698020 85980928 51403086 53877223 29294934 32103705 THE PRIMARY FUNCTION OF TALQUIN WATER AND WASTEWATER, INC. IS TO CONSTRUCT, MAINTAIN, OR OPERATE A WATER AND/OR WASTEWATER SYSTEM WITHIN THE STATE OF FLORIDA. 0 0 14176673 TO PROVIDE WATER AND WASTEWATER SERVICES TO ELIGIBLE CUSTOMERS 14176673 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 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 0 0 1 27 0 1 0 0 0 0 0 0 0 0 16592680 414450 0 0 0 X 9 9 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X SEAN ALDERMAN 8506277651 1640 WEST JEFFERSON STREET QUINCY FL 323512134 JOE ALEXANDER PRESIDENT 6.50 6.50 X X 0 28550 0 CARLA PARARO TRUSTEE 2.75 2.75 X 0 21300 0 SAM FENN TRUSTEE 1.50 1.50 X 0 17450 0 DAVID B MILLER TRUSTEE 1.25 1.25 X 0 22600 0 CLIFFORD BRISTOL VICE PRESIDENT 4.00 4.00 X X 0 19800 0 BILLY VANLANDINGHAM SECRETARY/TREASURER 4.00 4.00 X X 0 22250 0 DAVID WRIGHT TRUSTEE 4.00 4.00 X 0 7500 0 GREG WINTER TRUSTEE 3.00 3.00 X 0 16000 0 JASON O'STEEN TRUSTEE 2.00 2.00 X 0 15450 0 TRACY BENSLEY GENERAL MANAGER 27.50 27.50 X 0 436743 166400 SEAN ALDERMAN DIRECTOR OF FINANCE 23.00 23.00 X 0 224315 91591 JOHN HALLAS DIRECTOR OF WATER SERVICES 40.00 X 0 179480 64815 0 1011438 322806 0 0 1 0 WSN CONSTRUCTION LLC 465 DOGWOOD DRIVE HAVANA FL 32333 WATER CONSTRUCTION SERVICES 3183150 ANDERSON COLUMBIA COMPANY INC PO BOX 1829 LAKE CITY FL 32056 WATER CONSTRUCTION SERVICES 695875 ROWE DRILLING CO 7584 W TENNESSEE ST TALLAHASSEE FL 32304 WATER CONSTRUCTION SERVICES 475173 SALSER CONSTRUCTION INC 5025 NE 36TH AVENUE ROAD OCALA FL 34479 WATER CONSTRUCTION SERVICES 311229 D C LANDSCAPING 3308 WOODHILL DRIVE TALLAHASSEE FL 32303 LAWN SERVICES 264354 22 WATER AND SEWER SALES 221000 16592680 16592680 CAPITAL CREDITS AND PAT. DIV. 221000 355900 355900 16948580 58550 0 58550 58550 58550 17007130 16651230 0 355900 X 623818 2103262 2031464 OPERATIONS 3745699 MAINTENANCE 2399133 ADMINISTRATIVE AND GENE 1963671 COST OF POWER 915541 394085 14176673 4958826 4734950 1482348 1657974 446071 1047254 121050 65599 96855994 21746472 70376459 75109522 1724665 1838712 1588601 1526917 80698020 85980928 1252776 1186082 42558842 41315591 7591468 11375550 51403086 53877223 X 0 0 25518650 25526255 3776284 6577450 29294934 32103705 80698020 85980928 X 2830457 -21686 X X 0 1 X 1 0 1999482 1999482 1678222 741006 937216 85236544 21005466 64231078 7941746 7941746 75109522 ACC. PROVISION FOR BENEFITS 253403 CUSTOMER DEPOSITS 395328 DUE TO TALQUIN ELECTRIC COOPERATIVE 9425974 DEFERRED CREDIT 1300845 11375550 X 17007130 0 17007130 0 17007130 13552855 0 13552855 623818 623818 14176673 PART X, LINE 2: THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS INCLUDED A DISCLOSURE THAT STATES THE ORGANIZATION 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. PART XII, LINE 4B - OTHER ADJUSTMENTS: BENEFITS PAID TO MEMBER 623,818. 0 0 0 TRACY BENSLEY GENERAL MANAGER 0 430527 0 3249 0 2967 0 136735 0 29665 0 603143 0 0 SEAN ALDERMAN DIRECTOR OF FINANCE 0 219937 0 1664 0 2714 0 64573 0 27018 0 315906 0 0 JOHN HALLAS DIRECTOR OF WATER SERVICES 0 177389 0 1517 0 574 0 37115 0 27700 0 244295 0 0 PART I, LINE 3 RELATED ORGANIZATION METHODS USED FOR COMPENSATION EXPLANATION - COMPENSATION PROCESS FOR TOP OFFICIAL 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. TALQUIN ELECTRIC COOPERATIVE INC TRUSTEES COMMON TRUSTEESTHE BOARD OF TRUSTEES FOR THE ORGANIZATION AND TALQUIN ELECTRIC COOPERATIVE, INC., A RELATED ORGANIZATION, ARE COMPRISED OF THE SAME INDIVIDUALS. 0 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION EXECUTED AN AGREEMENT WITH TALQUIN ELECTRIC COOPERATIVE, INC. TO MANAGE THE WATER AND WASTEWATER OPERATIONS. FORM 990, PART VI, SECTION A, LINE 6 TALQUIN ELECTRIC COOPERATIVE, INC. IS THE SOLE MEMBER OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A TALQUIN ELECTRIC COOPERATIVE, INC. MEMBERS ELECT THE TALQUIN ELECTRIC COOPERATIVE, INC. BOARD OF TRUSTEES. TALQUIN ELECTRIC COOPERATIVE, INC.'S BOARD OF TRUSTEES ALSO SERVE AS THE ORGANIZATION'S BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS ARE REQUIRED TO APPROVE ANY CHANGES TO THE BY-LAWS AND ARTICLES OF INCORPORATION. MEMBERS ARE ALSO REQUIRED TO APPROVE BOARD OF TRUSTEES DECISIONS THAT ARE OUTSIDE OF THE AUTHORITY GRANTED TO THE BOARD OF TRUSTEES BY THE BY-LAWS AND ARTICLES OF INCORPORATION. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS REVIEWED AND APPROVED BY THE DIRECTOR OF FINANCE. ADDITIONALLY, A FINAL COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF TRUSTEES THROUGH ELECTRONIC MAIL TO REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS TRUSTEES. TRUSTEES ARE REQUIRED TO REPORT POSSIBLE CONFLICTS TO THE PRESIDENT OF 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 C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 24E CONSUMER ACCOUNTS AND SERVICE 298,236. TAXES 154,632. POSTRETIREMENT BENEFITS -58,783. 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. FORM 990, PART XI, LINE 9: DONATED AND CONTRIBUTED CAPITAL 7,605. OTHER COMPREHENSIVE INCOME (LOSS) -29,291. FORM 990 PART XII LINE 2C THERE HAVE BEEN NO CHANGES IN THE PROCESS SINCE THE PRIOR YEAR. TALQUIN ELECTRIC COOPERATIVE INC 1640 WEST JEFFERSON STREET QUINCY FL 32351 590474475 COOPERATIVE FL 501(C)(12) N/A 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 0 1 0 TALQUIN ELECTRIC COOPERATIVE INC E 9425974 CASH METHOD TALQUIN ELECTRIC COOPERATIVE INC R 79703 CASH METHOD