Talquin Water And Wastewater Inc
- Assets
- $80.7m
- Revenue
- $15.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Quincy, FL
- Founding
- 05/2007
- Data as of
- 12/2022
- EIN
- 20-4787395
Organization Overview
Talquin Water And Wastewater Inc is located in Quincy, FL. The organization was established in 2007. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Talquin Water And Wastewater Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2022, Talquin Water And Wastewater Inc generated $15.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $13.8m during the year ending 12/2022. While expenses have increased by 3.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE WATER AND WASTEWATER SERVICES TO ELIGIBLE CUSTOMERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Alexander President | OfficerTrustee | 7.37 | $0 |
Carla Pararo Trustee | Trustee | 7 | $0 |
Sam Fenn Trustee | Trustee | 10 | $0 |
David B Miller Trustee | Trustee | 1.25 | $0 |
Clifford Bristol Vice President | OfficerTrustee | 2.5 | $0 |
Billy Vanlandingham Secretary/treasurer | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Salser Construction Inc Water Construction Services | 12/30/22 | $1,745,716 |
Anderson Columbia Company Inc Water Construction Services | 12/30/22 | $404,669 |
Consolidated Pipe & Supply Water Construction Supplies | 12/30/22 | $376,307 |
D C Landscaping Lawn Services | 12/30/22 | $359,521 |
Wsn Construction Llc Water Construction Services | 12/30/22 | $315,669 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,046 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,046 |
| Total Program Service Revenue | $15,535,682 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,566,228 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,046 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $226,720 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,142,078 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,952,102 |
| Insurance | $0 |
| All other expenses | $515,610 |
| Total functional expenses | $13,848,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,958,826 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,482,348 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $446,071 |
| Prepaid expenses and deferred charges | $121,050 |
| Net Land, buildings, and equipment | $70,376,459 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,724,665 |
| Intangible assets | $0 |
| Other assets | $1,588,601 |
| Total assets | $80,698,020 |
| Accounts payable and accrued expenses | $1,230,730 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $42,558,842 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,613,514 |
| Total liabilities | $51,403,086 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $25,518,650 |
| Retained earnings, endowment, accumulated income, or other funds | $3,776,284 |
| Total liabilities and net assets/fund balances | $80,698,020 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pioneer Electric Cooperative Inc Greenville, AL | $88,712,386 | $32,980,000 |
Talquin Water And Wastewater Inc Quincy, FL | $80,698,020 | $15,566,228 |
North Georgia Network Cooperative Inc Cornelia, GA | $3,125,516 | $3,437,461 |
Fairpoint Regional Utility System Inc Navarre, FL | $23,087,653 | $3,879,888 |
Mossy Head Water Works Defuniak Springs, FL | $7,861,673 | $1,442,101 |
Wrp Inc Destin, FL | $24,061,011 | $294,303 |
Sterrett-Vandiver Water System Inc Sterrett, AL | $2,343,775 | $716,706 |
St Stephens Water System St Stephens, AL | $1,715,705 | $234,323 |
Mountain Lakes Water & Sewer Authority Inc Dawsonville, GA | $810,422 | $167,570 |
Indiantown Citrus Growers Association Inc Boca Raton, FL | $1,388,540 | $142,366 |
Mcvay Water System Inc Jackson, AL | $1,913 | $0 |
South Dunnellon Water Association Inc Dunnellon, FL | $236,299 | $0 |
Woneta Family Reunion Corp marietta, GA | $6,700 | $0 |