Talquin Electric Cooperative Inc
501(c)(12)
Strong reserves
Talquin Electric Cooperative Inc is a 501(c)(12) organization based in Quincy, Florida, registered in 1942, with $146,913,293 in FY2024 revenue.
Po Box 1679, Quincy, FL, 32353 EIN 59-0474475 Since 1942
Revenue (FY2024)
$146.9M
▲ 7.3% vs prior year
Expenses (FY2024)
$137.9M
Net assets
$153.1M
Employees
212
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Talquin Electric Cooperative Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating13 mo reserves · +6% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Talquin Electric Cooperative Inc: 13 mo reserves · +6% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Talquin Electric Cooperative Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Talquin Electric Cooperative Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To provide electric service to members
Contact & location
Financial trends
Revenue grew from $123.7M (FY2013) to $146.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $218.8MNet assets $153.1M
Operating margin
6.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$371.8M
Total liabilities
$218.8M
Net assets
$153.1M
Salaries & benefits
$3.0M
2% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $146,913,293▲7.3% | $137,882,597▲4.1% | $153,094,218▲6.7% | $371,845,512▲6.0% | 990 |
| 2023 | $136,970,152▼11.8% | $132,448,340▼12.8% | $143,419,470▲3.0% | $350,728,036▲2.3% | 990 |
| 2022 | $155,209,914▲20.0% | $151,955,639▲21.2% | $139,185,299▲2.7% | $342,803,370▲6.5% | 990 |
| 2021 | $129,343,789▲0.3% | $125,341,465▼0.2% | $135,510,492▲3.3% | $321,971,998▲1.2% | 990 |
| 2020 | $128,952,995▼2.5% | $125,654,952▼1.8% | $131,136,973▲3.0% | $318,241,914▼1.4% | 990 |
| 2019 | $132,299,750▲2.9% | $127,922,943▲1.5% | $127,376,841▲3.7% | $322,713,825▲7.6% | 990 |
| 2018 | $128,609,821▲1.3% | $125,972,074▲2.4% | $122,873,897▲2.9% | $299,960,570▲7.9% | 990 |
| 2017 | $126,914,233▲1.9% | $123,073,870▲0.6% | $119,387,176▲6.0% | $277,964,744▲5.3% | 990 |
| 2016 | $124,491,298▼2.7% | $122,399,040▼2.6% | $112,646,768▲2.1% | $263,930,600▲3.9% | 990 |
| 2015 | $127,999,409▼1.6% | $125,626,565▼0.4% | $110,345,126▲2.5% | $254,137,938▼1.0% | 990 |
| 2014 | $130,137,019▲5.2% | $126,179,348▲5.8% | $107,624,796▲2.2% | $256,650,476▲3.2% | 990 |
| 2013 | $123,712,479 | $119,310,590▲0.5% | $105,278,437▲3.7% | $248,731,265▲3.2% | 990 |
| 2012 | — | $118,692,743▼6.9% | $101,552,933▲3.9% | $241,023,584▲1.1% | 990 |
| 2011 | — | $127,486,176▼5.9% | $97,785,042▲20.7% | $238,307,298▲0.4% | 990 |
| 2010 | — | $135,522,649 | $81,015,895 | $237,269,074 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Tracy A Bensley — $470,253 (0.34% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Tracy A Bensley | General Manager | 27.5 | $470,253 |
| Sean Alderman | Director of Finance | 22.5 | $250,714 |
| Mike Grice | Director of Engineering and Operation | 45 | $239,402 |
| Mike Temple | Director of Administration | 40 | $229,415 |
| Dane Clemons | Director of Information Technology and Communicati | 40 | $222,007 |
| Lori Pilz | Director of Member Services | 48 | $216,839 |
| John Hallas | Director of Water Services | 0 | $211,869 |
| Irvin Callahan Jr | Manager of Info Svs | 40 | $168,041 |
| Joseph Alexander | Trustee Board President | 6 | $29,600 |
| David Miller | Trustee | 1.25 | $22,600 |
| Billy Vanlandingham | Secretary/ Treasurer | 4 | $21,950 |
| Carla Pararo | Trustee | 2.75 | $20,850 |
| Greg Winter | Trustee | 4.5 | $17,750 |
| Sam Fenn | Trustee | 3 | $17,050 |
| Cliff Bristol | Vice President | 5 | $16,800 |
| Jason O'steen | Trustee | 1.5 | $15,400 |
| Anthony Miller | Trustee | 1.75 | $14,500 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Nelson Tree Service Inc | Tree Trimming | $6,833,042 |
| Storm Services LLC | Hurricane Restoration | $6,768,201 |
| Onesource Restoration LLC | Storm Response | $4,517,965 |
| Pike Electric Inc | Distribution/ Construction | $2,668,334 |
| Mastec North America Inc | Engineering/ Construction | $1,074,205 |
Grants made · $91K in FY2022
1 grant totaling $91K in FY2022. All grants made by Talquin Electric Cooperative Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Capital Area Community Action Agency Inc | See schedule i part ix | $91,477 |
Frequently asked questions
- Is Talquin Electric Cooperative Inc a legitimate nonprofit?
- Yes. Talquin Electric Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 59-0474475, based in Quincy, Florida.
- What is Talquin Electric Cooperative Inc's EIN?
- Talquin Electric Cooperative Inc's Employer Identification Number (EIN) is 59-0474475.
- How much revenue does Talquin Electric Cooperative Inc report?
- Talquin Electric Cooperative Inc reported $146,913,293 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Talquin Electric Cooperative Inc's highest-paid employee make?
- The highest reported compensation on Talquin Electric Cooperative Inc's latest Form 990 is $470,253, paid to Tracy A Bensley (General Manager).
More nonprofits in Quincy
Explore more
Data for Talquin Electric Cooperative Inc (EIN 59-0474475) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.