TALQUIN ELECTRIC COOPERATIVE INC (EIN 590474475) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1940

Legal Domicile

Principal Officer

TRACY BENSLEY

Phone

8506277651

Tax Period

2024-01-01 to 2024-12-31

TALQUIN ELECTRIC COOPERATIVE INC, founded in 1940, is a major nonprofit that reported $146.9M in total revenue in fiscal year 2024. Expenses of $137.9M left a modest 6% surplus.

Mission

TO PROVIDE ELECTRIC SERVICE TO MEMBERS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $146,247,210

Investment Income $654,559

Other Revenue $11,524

TOTAL REVENUE $146,913,293

Expense Breakdown

Grants Paid $11,000

Salaries & Benefits $3,030,335

Fundraising Expenses $0

Program Expenses $137,882,597

Other Expenses $133,329,825

TOTAL EXPENSES $137,882,597

Year-over-Year Comparison

	2024	2023	Change
Revenue	$146,913,293	$136,970,152	+0.1%
Expenses	$137,882,597	$132,448,340	+0.0%
Net Income	$9,030,696	$4,521,812	+1.0%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

212

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,066,662

Total Directors

$176,500

Key Employees

$285,657

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARLA PARARO	TRUSTEE	2.75	Director	$20,850	$0	$20,850
GREG WINTER	TRUSTEE	4.50	Director	$17,750	$0	$17,750
DAVID MILLER	TRUSTEE	1.25	Director	$22,600	$0	$22,600
CLIFF BRISTOL	VICE PRESIDENT	5.00	Officer Director	$16,800	$0	$16,800
SAM FENN	TRUSTEE	3.00	Director	$17,050	$0	$17,050
BILLY VANLANDINGHAM	SECRETARY/ TREASURER	4.00	Officer Director	$21,950	$0	$21,950
ANTHONY MILLER	TRUSTEE	1.75	Director	$14,500	$0	$14,500
JASON O'STEEN	TRUSTEE	1.50	Director	$15,400	$0	$15,400
JOSEPH ALEXANDER	TRUSTEE BOARD PRESIDENT	6.00	Officer Director	$29,600	$0	$29,600
TRACY A BENSLEY	GENERAL MANAGER	27.50	Officer	$470,253	$175,812	$646,065
SEAN ALDERMAN	DIRECTOR OF FINANCE	22.50	Officer	$250,714	$101,533	$352,247
JOHN HALLAS	DIRECTOR OF WATER SERVICES	0.00	Key Emp	$211,869	$73,788	$285,657
MIKE GRICE	DIRECTOR OF ENGINEERING AND OPERATION	45.00	Highest	$239,402	$60,538	$299,940
MIKE TEMPLE	DIRECTOR OF ADMINISTRATION	40.00	Highest	$229,415	$236,441	$465,856
DANE CLEMONS	DIRECTOR OF INFORMATION TECHNOLOGY AND COMMUNICATI	40.00	Highest	$222,007	$70,647	$292,654
LORI PILZ	DIRECTOR OF MEMBER SERVICES	48.00	Highest	$216,839	$65,008	$281,847
IRVIN CALLAHAN JR	MANAGER OF INFO SVS	40.00	Highest	$168,041	$81,036	$249,077

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$146,913,293	$137,882,597	$371,845,512	$9,030,696
2023	$136,970,152	$132,448,340	$350,728,036	$4,521,812
2022	$155,209,914	$151,955,639	$342,803,370	$3,254,275
2021	$129,343,789	$125,341,465	$321,971,998	$4,002,324
2020	$128,952,995	$125,654,952	$318,241,914	$3,298,043
2019	$132,299,750	$127,922,943	$322,713,825	$4,376,807
2018	$128,609,821	$125,972,074	$299,960,570	$2,637,747

TALQUIN ELECTRIC COOPERATIVE INC