2025-11-14T14:48:21-06:00 2024-12-31 590548468 PURVIS GRAY & COMPANY LLP 443 E COLLEGE AVE TALLAHASSEE FL 32301 990 2024-01-01 590474475 TALQUIN ELECTRIC COOPERATIVE INC TALQ 8506277651 POST OFFICE BOX 1679 QUINCY FL 323531679 SEAN ALDERMAN DIRECTOR OF FINANCE 8506277651 2025-11-03 1 1 RYAN M TUCKER CPA P00524189 8502247144 2025-11-13 2024 2025-03-06 01:10:19Z TRACY BENSLEY POST OFFICE BOX 1679 QUINCY FL 323531679 146915840 0 X WWW.TALQUINELECTRIC.COM X 1940 FL TO PROVIDE ELECTRIC SERVICE TO MEMBERS 9 9 212 0 11524 10523 0 0 136784433 146247210 175289 654559 10430 11524 136970152 146913293 0 11000 3482640 1511437 2751840 3030335 0 0 0 126213860 133329825 132448340 137882597 4521812 9030696 350728036 371845512 207308566 218751294 143419470 153094218 TO PROVIDE ELECTRIC SERVICE TO MEMBERS 0 0 137882597 11000 TO PROVIDE ELECTRIC SERVICE TO MEMBERS. 137882597 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 1 1 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 1 116 0 1 212 1 1 1 0 0 0 0 0 0 141117950 4985512 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 PO BOX 1679 QUINCY FL 323531679 X CARLA PARARO TRUSTEE 2.75 2.75 X 20850 0 0 GREG WINTER TRUSTEE 4.50 4.50 X 17750 0 0 DAVID MILLER TRUSTEE 1.25 1.25 X 22600 0 0 CLIFF BRISTOL VICE PRESIDENT 5.00 5.00 X X 16800 0 0 SAM FENN TRUSTEE 3.00 3.00 X 17050 0 0 BILLY VANLANDINGHAM SECRETARY/ TREASURER 4.00 4.00 X X 21950 0 0 ANTHONY MILLER TRUSTEE 1.75 1.75 X 14500 0 0 JASON O'STEEN TRUSTEE 1.50 1.50 X 15400 0 0 JOSEPH ALEXANDER TRUSTEE BOARD PRESIDENT 6.00 6.00 X X 29600 0 0 TRACY A BENSLEY GENERAL MANAGER 27.50 27.50 X 470253 0 175812 SEAN ALDERMAN DIRECTOR OF FINANCE 22.50 22.50 X 250714 0 101533 JOHN HALLAS DIRECTOR OF WATER SERVICES 0.00 40.00 X 211869 0 73788 MIKE GRICE DIRECTOR OF ENGINEERING AND OPERATION 45.00 X 239402 0 60538 MIKE TEMPLE DIRECTOR OF ADMINISTRATION 40.00 X 229415 0 236441 DANE CLEMONS DIRECTOR OF INFORMATION TECHNOLOGY AND COMMUNICATI 40.00 X 222007 0 70647 LORI PILZ DIRECTOR OF MEMBER SERVICES 48.00 X 216839 0 65008 IRVIN CALLAHAN JR MANAGER OF INFO SVS 40.00 X 168041 0 81036 2185040 0 864803 69 0 1 0 NELSON TREE SERVICE INC 4489 SOLUTIONS CENTER CHICAGO IL 606774004 TREE TRIMMING 6833042 STORM SERVICES LLC 3949 HIGHWAY 93 SOUTH THOMASVILLE GA 31792 HURRICANE RESTORATION 6768201 ONESOURCE RESTORATION LLC PO BOX 536 FRUITLAND PARK FL 34731 STORM RESPONSE 4517965 PIKE ELECTRIC INC PO BOX 1000 MEMPHIS TN 381480517 DISTRIBUTION/ CONSTRUCTION 2668334 MASTEC NORTH AMERICA INC 800 S DOUGLAS RD SUIT 1200 CORAL GABLES FL 33134 ENGINEERING/ CONSTRUCTION 1074205 78 SALE ELECTRICITY 221000 141117950 141117950 PATRONAGE CAPITAL CREDITS 221000 4316882 4316882 POLE RENTAL 221000 812378 812378 146247210 570253 570253 14071 2547 11524 11524 11524 84306 0 84306 84306 84306 146913293 141202256 11524 5699513 X 11000 1511437 1460469 1569866 6458649 11038236 COST OF POWER 76925951 DISTRIBUTION MAINTENANC 17272621 DISTRIBUTION OPERATION 10571654 CONSUMER ACCOUNTS 5517567 5545147 137882597 5877345 5819376 20142798 15972045 9425974 9343681 2166331 2261424 1976882 1577012 371870132 111470892 239033316 260399240 144662 162539 71960728 76310195 350728036 371845512 11224839 16375370 183960046 190718238 12123681 11657686 207308566 218751294 X 225915 225405 7713179 8477089 135480376 144391724 143419470 153094218 350728036 371845512 X 9030696 644052 X 0 1 X 1 1 1 3606076 3606076 13300912 6119556 7181356 323584006 105351336 218232670 31379138 31379138 260399240 PATRONAGE CAPITAL 41876713 C INVESTMENT IN TALQUIN WATER AND WWI 34433482 C 76310195 CUSTOMER DEPOSITS 3921076 ACCUMULATED POSTRETIREMENT BENEFITS 2072356 DEFERRED CREDITS 5664254 11657686 X PART X, LINE 2: TEC AND TWWI BELIEVE THAT APPROPRIATE SUPPORT EXISTS FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DO NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. TEC'S AND TWWI'S FEDERAL FORMS 990 AND TEC'S FEDERAL FORM 990-T AND FLORIDA FORM F-1120 ARE SUBJECT TO EXAMINATION, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. 1 YOUTH TOUR AND SCHOLARSHIPS 18 11000 CASH VALUE X X X 0 0 0 TRACY A BENSLEY GENERAL MANAGER 404186 0 3412 0 62655 0 137935 0 37877 0 646065 0 0 0 MIKE TEMPLE DIRECTOR OF ADMINISTRATION 185312 0 1614 0 42489 0 201186 0 35255 0 465856 0 0 0 SEAN ALDERMAN DIRECTOR OF FINANCE 201173 0 5747 0 43794 0 65322 0 36211 0 352247 0 0 0 MIKE GRICE DIRECTOR OF ENGINEERING AND OPERATIO 194757 0 1669 0 42976 0 56299 0 4239 0 299940 0 0 0 DANE CLEMONS DIRECTOR OF INFORMATION TECHNOLOGY A 181417 0 1554 0 39036 0 67598 0 3049 0 292654 0 0 0 JOHN HALLAS DIRECTOR OF WATER SERVICES 189855 0 1668 0 20346 0 38144 0 35644 0 285657 0 0 0 LORI PILZ DIRECTOR OF MEMBER SERVICES 178854 0 1521 0 36464 0 40058 0 24950 0 281847 0 0 0 IRVIN CALLAHAN JR MANAGER OF INFO SVS 146638 0 1307 0 20096 0 56085 0 24951 0 249077 0 0 0 TALQUIN WATER AND WASTEWATER INC TRUSTEES 0 COMMON TRUSTEES THE 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 70744266 PURCHASED POWER GENERAL 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 SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS: 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 CAHNGES TO THE ARTICLES OF INCORPORATION OR THE BY-LAWS. THE MEMBERS MUST ALSO APPROVE ANY DECISIONS BY THE BOARD OF TRUSTEES WHERE PREVIOUS AUTHOIRTY 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 TH ERETURN. 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 JOHN HALLAS WORKS EXCLUSIVELY FOR TALQUIN WATER & WASTWATER, INC., BUT THE COOPERATIVE PAYS HIS SALARY AS HE IS AN EMPLOYEE OF THE COOPERATIVE. THEREFORE HE SPENDS ALL OF HIS HOURS AS A KEY EMPLOYEE WORKING FOR TALQUIN WATER & WASTWATER, INC. 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 SEPARETELY REPORTS CERTAIN EXPENSE CLASSIFICATIONS, BUT OTHER EXPENESES 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 2024 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 $2,000 IN ESTIMATED TAX PAYMENTS DURING 2024 FOR ITS 2024 RETURN. FORM 990, PART XI, LINE 9: CHANGE IN MEMBERSHIPS -510. CHANGE IN ACCUMULATED OTHER COMPREHENSIVE INCOME 202,274. CHANGE IN OTHER EQUITIES 442,289. ROUNDING -1. 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 9348568 CASH VALUE TALQUIN WATER AND WASTEWATER INC Q 4600000 CASH VALUE TALQUIN WATER AND WASTEWATER INC A 155453 CASH VALUE