SOUTH BOSTON, VA
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Sign In — Free (10 views/day)MID-ATLANTIC BROADBAND COMMUNITIES CORPORATION, founded in 2004, is a mid-sized nonprofit in the Community Improvement sector that reported $24.5M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $22.3M left a modest 9% surplus.
THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR SOCIAL WELFARE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE, INCLUDING, BUT NOT LIMITED TO PROMOTING ECONOMIC DEVELOPMENT, LESSENING THE BURDENS OF GOVERNMENT, AND REVITALIZING ECONOMICALLY DISTRESSED RURAL AREAS BY CONSTRUCTION AND OPERATING A PUBLICLY FUNDED FIBER-OPTIC NETWORK FOR THE BENEFIT OF THE COMMUNITIES AND CITIZENS OF SOUTHERN VIRGINIA. ADDITIONALLY, THE CORPORATION IS BRIDGING THE DIGITAL DIVIDE IN RURAL AREAS WHERE COMMERCIAL PROVIDERS HAVE NOT FOUND IT TO BE ECONOMICALLY FEASIBLE TO INVEST.
MID-ATLANTIC BROADBAND COMMUNITIES CORPORATION ("MBC") CONDUCTS THE FOLLWING ACTIVITIES WITH RESPECT TO THE FIBER OPTIC NETWORK, OPTICAL TRANSPORT SERVICES, CO-LOCATION SERVICES AND DARK FIBER...
MID-ATLANTIC BROADBAND COMMUNITIES CORPORATION ("MBC") CONDUCTS THE FOLLWING ACTIVITIES WITH RESPECT TO THE FIBER OPTIC NETWORK, OPTICAL TRANSPORT SERVICES, CO-LOCATION SERVICES AND DARK FIBER LEASES. THROUGH OPTICAL TRANSPORT SERVICES, MBC PROVIDES DEDICATED OPTICAL TRANSPORT INTERNET SERVICES TO RURAL UNSERVED AND UNDERSERVED AREAS OF SOUTHERN VIRGINIA. THE OPEN ACCESS FIBER-OPTIC NETWORK PROVIDES ACCESS FOR RURAL VIRGINIA AND PROMOTES ECONOMIC DEVELOPMENT, PRIVATE INVESTMENT AND JOB CREATION. THROUGH CO-LOCATION SERVICES, MBC LEASES RACK SPACE FOR LOCATING NETWORK SERVERS AND ELECTRONIC STORAGE EQUIPMENT TO INTERCONNECT WITH TELECOMMUNICATIONS NETWORK PROVIDERS. THROUGH DARK FIBER LEASES, MBC PROVIDES FIBER FREE OF CHARGE TO THE VIRGINIA DEPARTMENT OF TRANSPORTATION FOR GOVERNMENT NEEDS AND IN EXCHANGE FOR RIGHT OF WAY ACCESS. IN SOME SITUATIONS, UNUSED FIBERS MAY BE LEASED TO NETWORK PROVIDERS FOR INTERNET ACCESS TO CERTAIN RURAL AREAS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $24,498,772 | $19,027,098 | +0.3% |
| Expenses | $22,317,815 | $19,939,323 | +0.1% |
| Net Income | $2,180,957 | $-912,225 | -3.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ERNEST R LAIL | DIRECTOR, CH | 1.00 |
Officer
Director
|
$22,355 | $0 | $22,355 |
| DAVID HUDGINS | DIRECTOR | 1.00 |
Director
|
$11,575 | $0 | $11,575 |
| BRYAN DAVID | DIRECTOR | 1.00 |
Director
|
$15,925 | $0 | $15,925 |
| EARVING L BLYTHE | DIRECTOR | 1.00 |
Director
|
$10,575 | $0 | $10,575 |
| DUANE DAHLQUIST | DIRECTOR | 1.00 |
Director
|
$12,900 | $0 | $12,900 |
| MARK D HEATH | DIRECTOR | 1.00 |
Director
|
$12,600 | $0 | $12,600 |
| EDWARD HODGES | DIRECTOR, VI | 1.00 |
Officer
Director
|
$18,055 | $0 | $18,055 |
| CHARLES MAJORS | DIRECTOR | 1.00 |
Director
|
$12,875 | $0 | $12,875 |
| MAURICE FERRELL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TELLY TUCKER | DIRECTOR | 1.00 |
Director
|
$12,125 | $0 | $12,125 |
| RICHARD SHUMAKER | DIRECTOR | 1.00 |
Director
|
$10,575 | $0 | $10,575 |
| BOB PICCHI | DIRECTOR | 1.00 |
Director
|
$16,568 | $0 | $16,568 |
| THOMAS DERISO | PRESIDENT & | 40.00 |
Officer
|
$493,801 | $55,497 | $549,298 |
| DAVID KELLER | KEY EMPLOYEE | 40.00 |
Key Emp
|
$312,898 | $35,665 | $348,563 |
| MARK PETTY | KEY EMPLOYEE | 40.00 |
Key Emp
|
$282,763 | $52,536 | $335,299 |
| PHILLIP LLOYD | SECRETARY/TR | 40.00 |
Officer
|
$175,900 | $32,271 | $208,171 |
| PATRICIA CONNER | KEY EMPLOYEE | 40.00 |
Key Emp
|
$172,895 | $13,985 | $186,880 |
| SARAH MILLER | HIGHEST CMP | 40.00 |
Highest
|
$149,256 | $37,671 | $186,927 |
| BEN BURCHETTE | KEY EMPLOYEE | 40.00 |
Key Emp
|
$161,902 | $23,416 | $185,318 |
| CHASE WEDDLE | KEY EMPLOYEE | 40.00 |
Key Emp
|
$159,846 | $37,136 | $196,982 |
| CHRISTOPHER FEWOX | HIGHEST CMP | 40.00 |
Highest
|
$113,419 | $11,774 | $125,193 |
| CHRISTOPHER COLEMAN | HIGHEST CMP | 40.00 |
Highest
|
$104,031 | $10,409 | $114,440 |
| TIMOTHY AGEE | HIGHEST CMP | 40.00 |
Highest
|
$112,276 | $39,561 | $151,837 |
| LAUREN MATHENA | HIGHEST CMP | 40.00 |
Highest
|
$107,170 | $27,777 | $134,947 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $24,498,772 | $22,317,815 | $183,253,177 | $2,180,957 |
| 2024 | $19,027,098 | $19,939,323 | $143,369,439 | $-912,225 |
| 2023 | $17,476,892 | $18,034,342 | $103,844,542 | $-557,450 |
| 2022 | $16,699,414 | $17,743,792 | $87,739,365 | $-1,044,378 |
| 2021 | $16,736,682 | $16,820,656 | $86,074,221 | $-83,974 |
| 2020 | $13,896,975 | $15,602,705 | $79,550,883 | $-1,705,730 |
| 2019 | $13,448,533 | $16,254,397 | $76,737,393 | $-2,805,864 |
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