Talquin Water And Wastewater Inc
- Assets
- $78.2m
- Revenue
- $14.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Quincy, FL
- Founding
- 05/2007
- Data as of
- 12/2021
- 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 12/2021, Talquin Water And Wastewater Inc generated $14.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $12.4m during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 7 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
2021
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 | 7.25 | $0 |
Clifford Bristol Vice President | OfficerTrustee | 2 | $0 |
Billy Vanlandingham Secretary/treasurer | OfficerTrustee | 4 | $0 |
Tracy Bensley General Manager | Officer | 27.5 | $0 |
Sean Alderman Director Of Finance | Officer | 23 | $0 |
Tim Waddle Director Of Water & Ww | Officer | 43.6 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Anderson Columbia Company Inc Water Construction Services | 12/30/21 | $814,722 |
Salser Construction Inc Water Construction Services | 12/30/21 | $1,466,771 |
Wsn Construction Llc Water Construction Services | 12/30/21 | $488,600 |
Jimmie Crowder Excavating Excavation Services | 12/30/21 | $470,929 |
D C Landscaping Lawn Services | 12/30/21 | $353,295 |
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 | $13,090 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,090 |
| Total Program Service Revenue | $14,823,832 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,874 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,825,048 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,090 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $29,070 |
| 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 | $1,896,200 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,862,236 |
| Insurance | $0 |
| All other expenses | $623,961 |
| Total functional expenses | $12,375,218 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,186,236 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,341,742 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $468,893 |
| Prepaid expenses and deferred charges | $53,572 |
| Net Land, buildings, and equipment | $68,848,975 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,615,590 |
| Intangible assets | $0 |
| Other assets | $1,651,903 |
| Total assets | $78,166,911 |
| Accounts payable and accrued expenses | $742,150 |
| 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 | $44,122,026 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,779,528 |
| Total liabilities | $50,643,704 |
| 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 | $25,543,641 |
| Retained earnings, endowment, accumulated income, or other funds | $1,979,566 |
| Total liabilities and net assets/fund balances | $78,166,911 |
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|---|---|---|
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