2022-09-23T14:12:27-05:00 2021-12-31 582475857 NICHOLS CAULEY & ASSOCIATES LLC 1300 BELLEVUE AVENUE DUBLIN GA 310214152 990 2021-01-01 590474475 TALQUIN ELECTRIC COOPERATIVE INC TALQ 8506277651 POST OFFICE BOX 1679 QUINCY FL 323531679 SEAN ALDERMAN DIRECTOR OF FINANCE 8508755602 2022-09-23 1 SEAN ALDERMAN 999009999 CAL BRANTLEY CPA P00636393 4782751163 2022-09-22 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z TRACY A BENSLEY POST OFFICE BOX 1679 QUINCY FL 323531679 129347533 0 X WWW.TALQUINELECTRIC.COM X 1940 FL TO PROVIDE ELECTRIC SERVICE TO MEMBERS 9 9 205 0 29227 28227 31019 36207 128883503 128944464 28415 329573 10058 33545 128952995 129343789 31019 36207 3708579 4065547 2477055 2688221 0 0 0 119438299 118551490 125654952 125341465 3298043 4002324 318241914 321971998 187104941 186461506 131136973 135510492 TO PROVIDE ELECTRIC SERVICE TO MEMBERS 0 0 TO PROVIDE ELECTRIC SERVICES TO MEMBERS 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 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 1 431 0 1 205 1 1 1 0 0 0 0 0 0 123808234 4703608 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 8.75 8.75 X X 28900 0 0 CARLA PARARO TRUSTEE 3.25 3.25 X 22250 0 0 SAM FENN TRUSTEE 2.50 2.50 X 17350 0 0 DAVID B MILLER TRUSTEE 1.15 1.15 X 18400 0 0 CLIFFORD BRISTOL VICE PRESIDENT 2.00 2.00 X X 17700 0 0 BILLY VANLANDINGHAM SECRETARY/TREASURER 4.00 4.00 X X 22200 0 0 DAVID WRIGHT TRUSTEE 4.50 4.50 X 17350 0 0 GREG WINTER TRUSTEE 1.00 1.00 X 12850 0 0 JASON O'STEEN TRUSTEE 1.00 1.00 X 13800 0 0 CARRIE L DURDEN TRUSTEE (ENDED APRIL 2021) 2.56 2.56 X 7300 0 0 DOUG BRUCE TRUSTEE (ENDED JAN 2021) 6.00 6.00 X 650 0 0 TRACY A BENSLEY GENERAL MANAGER 27.50 27.50 X 407605 0 155170 SEAN ALDERMAN DIRECTOR OF FINANCE 22.50 22.50 X 205905 0 89118 TIM WADDLE DIRECTOR OF WATER & WW 0.00 43.60 X 227524 0 89716 IRVIN CALLAHAN JR MANAGER OF INFORMATION SYSTEMS 40.00 X 160265 0 71649 MIKE TEMPLE DIR OF ADMINISTRATION 40.00 X 192487 0 220973 DANE CLEMONS DIRECTOR OF IT & COMM. 40.00 X 187976 0 66886 MICHAEL DYKES WATER SERVICES OPERATIONS 0.00 40.00 X 160637 0 43286 DAVID FERRELL WATER SERVICES OPERATIONS 0.00 40.00 X 162234 0 68040 1883383 0 804838 41 0 1 0 PIKE ELECTRIC INC PO BOX 1000 MEMPHIS TN 381480517 DISTRIBUTION CONSTRUCTION 2631439 NELSON TREE SERVICE INC 4489 SOLUTIONS CENTER CHICAGO IL 606774004 TREE TRIMMING 2121641 BURFORD'S TREE LLC PO BOX 532729 ATLANTA GA 30353 TREE TRIMMING 1321749 SUMTER UTILITIES INC PO BOX 846391 DALLAS TX 752846391 DIRECTIONAL BORES 876893 AUSLEY & MCMULLEN PA PO BOX 391 TALLAHASSEE FL 32302 LEGAL SERVICES 333805 49 36207 36207 SALE ELECTRICITY 221000 123808234 123808234 PATRONAGE CAPITAL CREDITS 221000 4369717 4369717 POLE RENTAL 221000 766513 766513 128944464 270483 270483 32971 3744 29227 29227 29227 59090 0 59090 59090 59090 NONOPERATING REVENUE 221000 4318 4318 4318 129343789 123871642 29227 5406713 X 36207 4065547 1353788 1334433 5146001 9444760 COST OF POWER 72932138 DISTRIBUTION MAINTENANC 12873976 DISTRIBUTION OPERATIONS 8184134 GENERAL AND ADMINISTRAT 7755539 2214942 125341465 2658906 2910275 26113176 21882346 8305903 3562413 1547681 1556560 2009144 2172037 317504805 91507986 217949492 225996819 59657612 63891548 318241914 321971998 8496928 12351623 160559231 156313202 18048782 17796681 187104941 186461506 X 214715 220730 5959557 6331429 124962701 128958333 131136973 135510492 318241914 321971998 X 4002324 371195 X X 0 1 X 1 0 3606125 3606125 12238350 4858278 7380072 301660330 86649708 215010622 225996819 OTHER INVESTMENTS & PATRONAGE CAPITAL 1821825 C INVESTMENT IN TALQUIN WATER AND WASTEWATER, INC. 27589305 C PATRONAGE CAPITAL - COBANK 1901003 C PATRONAGE CAPITAL - CFC 1245412 C PATRONAGE CAPITAL - SEMINOLE 29035797 C CFC CAPITAL TERM CERTIFICATES 2298206 C 63891548 CUSTOMER DEPOSITS 3554802 ACCUMULATED POSTRETIREMENT BENEFITS 3054924 OTHER DEFERRED CREDITS 3862276 OVER RECOVERED POWER COST 7204084 DEFERRED COMPENSATION 120595 17796681 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. 0 CAPITAL AREA COMMUNITY ACTION 309 OFFICE PLAZA DRIVE TALLAHASSEE FL 32301 591117362 501 (C) (3) 36207 0 CASH SEE SCHEDULE I PART IX PART I, LINE 2: THE COOPERATIVE PROVIDES FINANCIAL ASSISTANCE TO WORTHY CAUSES IN ITS SERVICE AREA THAT DISTRIBUTE AID FOR UTILITY RELATED PAYMENTS. X X X 0 0 0 TRACY A BENSLEY GENERAL MANAGER 401868 0 3019 0 2718 0 127152 0 28018 0 562775 0 0 0 MIKE TEMPLE DIR OF ADMINISTRATION 188734 0 1421 0 2332 0 194823 0 26150 0 413460 0 0 0 TIM WADDLE DIRECTOR OF WATER & WW 221578 0 1669 0 4277 0 71822 0 17894 0 317240 0 0 0 SEAN ALDERMAN DIRECTOR OF FINANCE 203026 0 1538 0 1341 0 62826 0 26292 0 295023 0 0 0 DANE CLEMONS DIRECTOR OF IT & COMM. 184368 0 1369 0 2239 0 66758 0 128 0 254862 0 0 0 IRVIN CALLAHAN JR MANAGER OF INFORMATION SYSTEMS 156942 0 1269 0 2054 0 53045 0 18604 0 231914 0 0 0 DAVID FERRELL WATER SERVICES OPERATIONS 161024 0 689 0 521 0 43050 0 24990 0 230274 0 0 0 MICHAEL DYKES WATER SERVICES OPERATIONS 158973 0 689 0 975 0 41604 0 1682 0 203923 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 67192364 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 SEMINOLE ELECTRIC COOPERATIVE INC POWER SUPPLY COOPERATIVE 1300000 OTHER 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 3,707,630. CUSTOMER SERVICE & INFORMATION 895,381. TRANSMISSION 110,311. SALES 82,618. OTHER 58,721. OTHER NONOPERATING - PRB PLAN 30,470. TAXES 21,776. LESS RENTAL EXPENSES REPORTED IN PART VIII -3,744. LESS COMPENSATION REPORTED ON LINES 5 & 7 -2,688,221. FORM 990, PART IX THE IRS' INSTRUCTIONS FOR THE 2021 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, 2021 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 2021 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 $1,902 IN ESTIMATED TAX PAYMENTS DURING 2021 FOR ITS 2021 RETURN. FORM 990, PART XI, LINE 9: CHANGE IN MEMBERSHIPS 6,015. OTHER COMPREHENSIVE LOSS -156,720. CHANGE IN OTHER EQUITIES 528,592. OTHER PATRONAGE CAPITAL CHANGES -6,692. 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 3562413 CASH VALUE TALQUIN WATER AND WASTEWATER INC A 141882 CASH VALUE