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Nonprofit · EIN 59-0474475

TALQUIN ELECTRIC COOPERATIVE INC

Tax-exempt · QUINCY, FL 32353

Financials

$137M$132.4M2023$146.9M$137.9M2024
Revenue Expenses · by fiscal year end
Financials of TALQUIN ELECTRIC COOPERATIVE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$146,913,293$137,882,597$9,030,696$371,845,512$218,751,294$153,094,218
December 31, 2023990$136,970,152$132,448,340$4,521,812$350,728,036$207,308,566$143,419,470
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$146,247,210
Investment income
$654,559
Net rental income
$11,524
Net gain from sales of assets
$84,306
Other revenue
$11,524

Expenses

Grants and similar amounts paid
$11,000
Benefits paid to members
$1,511,437
Compensation of officers, directors and key employees
$1,460,469
Other salaries and wages
$1,569,866
Salaries, compensation and benefits (total)
$3,030,335
Professional fundraising fees
$0
Depreciation
$11,038,236

Balance sheet and other

Total assets, start of year
$350,728,036
Total assets, end of year
$371,845,512
Total liabilities, end of year
$218,751,294
Net assets, end of year
$153,094,218
Land, buildings and equipment
$260,399,240
Gross unrelated business income
$11,524
Gross receipts
$146,915,840
Employees
212
Volunteers
0
Year formed
1940
State of legal domicile
FL

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
TRACY A BENSLEYGENERAL MANAGER
Officer
27.5$470,253$175,812
MIKE TEMPLEDIRECTOR OF ADMINISTRATION
Highest-paid employee
40$229,415$236,441
SEAN ALDERMANDIRECTOR OF FINANCE
Officer
22.5$250,714$101,533
MIKE GRICEDIRECTOR OF ENGINEERING AND OPERATION
Highest-paid employee
45$239,402$60,538
DANE CLEMONSDIRECTOR OF INFORMATION TECHNOLOGY AND COMMUNICATI
Highest-paid employee
40$222,007$70,647
JOHN HALLASDIRECTOR OF WATER SERVICES
Key employee
0$211,869$73,788
LORI PILZDIRECTOR OF MEMBER SERVICES
Highest-paid employee
48$216,839$65,008
IRVIN CALLAHAN JRMANAGER OF INFO SVS
Highest-paid employee
40$168,041$81,036
JOSEPH ALEXANDERTRUSTEE BOARD PRESIDENT
Trustee or director, Officer
6$29,600$0
DAVID MILLERTRUSTEE
Trustee or director
1.25$22,600$0
BILLY VANLANDINGHAMSECRETARY/ TREASURER
Trustee or director, Officer
4$21,950$0
CARLA PARAROTRUSTEE
Trustee or director
2.75$20,850$0
GREG WINTERTRUSTEE
Trustee or director
4.5$17,750$0
SAM FENNTRUSTEE
Trustee or director
3$17,050$0
CLIFF BRISTOLVICE PRESIDENT
Trustee or director, Officer
5$16,800$0
2 more people on this return
NameTitleHours / weekCompensation
JASON O'STEENTRUSTEE
Trustee or director
1.5$15,400
ANTHONY MILLERTRUSTEE
Trustee or director
1.75$14,500
990 for the year ended December 31, 2023: 17 people
NameTitleHours / weekCompensationOther / benefits
TRACY A BENSLEYGENERAL MANAGER
Officer
27.5$436,743$166,400
MIKE TEMPLEDIR OF ADMINISTRATION
Highest-paid employee
40$207,867$228,437
SEAN ALDERMANDIRECTOR OF FINANCE
Officer
22.5$224,315$91,591
DANE CLEMONSDIRECTOR OF IT & COMM.
Highest-paid employee
40$204,702$69,980
MIKE GRICEDIRECTOR OF ENG & OPS
Highest-paid employee
45$206,409$57,342
JOHN HALLASDIRECTOR OF WATER SERVICES
Key employee
0$179,480$64,815
LORI PILZDIRECTOR OF MEMBER SERVICES
Highest-paid employee
47$178,868$58,784
NEWTON REYNOLDSCONSTRUCTION & MAINTENANCE CHIEF
Highest-paid employee
40$166,929$38,278
JOE ALEXANDERPRESIDENT
Trustee or director, Officer
6.5$28,550$0
DAVID B MILLERTRUSTEE
Trustee or director
1.25$22,600$0
BILLY VANLANDINGHAMSECRETARY/TREASURER
Trustee or director, Officer
4$22,250$0
CARLA PARAROTRUSTEE
Trustee or director
2.75$21,300$0
CLIFFORD BRISTOLVICE PRESIDENT
Trustee or director, Officer
4$19,800$0
SAM FENNTRUSTEE
Trustee or director
1.5$17,450$0
GREG WINTERTRUSTEE
Trustee or director
3$16,000$0
JASON O'STEENTRUSTEE
Trustee or director
2$15,450$0
DAVID WRIGHTTRUSTEE
Trustee or director
4$7,500$0

Address and contacts

Address (IRS master file)
PO BOX 1679, QUINCY, FL 32353-1679
In care of
% EUGENE KANIKOVSKY
Principal officer (990 for 2024)
TRACY BENSLEY, POST OFFICE BOX 1679, QUINCY, FL 323531679
Signed the 990
SEAN ALDERMAN, DIRECTOR OF FINANCE
Phone
(850) 627-7651
Return prepared by
PURVIS GRAY & COMPANY LLP

Mission

TO PROVIDE ELECTRIC SERVICE TO MEMBERS

990 for the year ended December 31, 2024

Program accomplishments

  • TO PROVIDE ELECTRIC SERVICE TO MEMBERS.
    Expenses $137,882,597 · grants $11,000

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
59-0474475
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1942
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$371,845,512
Income (IRS master file)
$146,915,840

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$146,913,293$137,882,597$371,845,512XML
990December 2023$136,970,152$132,448,340$350,728,036XML
990December 2022$155,209,914$151,955,639$342,803,370IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––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 59-0474475).

Questions about TALQUIN ELECTRIC COOPERATIVE INC

What is the EIN of TALQUIN ELECTRIC COOPERATIVE INC?
The employer identification number (EIN) of TALQUIN ELECTRIC COOPERATIVE INC is 59-0474475.
Is TALQUIN ELECTRIC COOPERATIVE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1942.
Are donations to TALQUIN ELECTRIC COOPERATIVE INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does TALQUIN ELECTRIC COOPERATIVE INC 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 TALQUIN ELECTRIC COOPERATIVE INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did TALQUIN ELECTRIC COOPERATIVE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of TALQUIN ELECTRIC COOPERATIVE INC?
The 990 for the year ended December 31, 2024 names TRACY BENSLEY.
Who are the officers and directors of TALQUIN ELECTRIC COOPERATIVE INC?
The 990 for the year ended December 31, 2024 lists 17 people; 17 received compensation from the organization, the highest $470,253 (TRACY A BENSLEY, GENERAL MANAGER).
How much revenue does TALQUIN ELECTRIC COOPERATIVE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $146,913,293, expenses of $137,882,597 and total assets of $371,845,512 at year end.

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