NORTH GEORGIA NETWORK COOPERATIVE

EIN: 270496741 Mutual Benefit

CORNELIA, GA

Total Revenue
$6,199,338
Total Expenses
$3,006,546
Total Assets
$6,715,423
Net Assets
$6,087,605
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
GA
Principal Officer
MITCHELL CLOUATRE
Phone
7067545323
Tax Period
2023-01-01 to 2023-12-31

NORTH GEORGIA NETWORK COOPERATIVE, founded in 2009, is a community nonprofit in the Mutual Benefit sector that reported $4.4M in total revenue in fiscal year 2017. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE IMPROVED ACCESS TO BROADBAND SERVICE TO CONSUMERS RESIDING IN UNDERSERVED AREAS OF NORTH GEORGIA AND TO STIMULATE DEMAND FOR BROADBAND, ECONOMIC GROWTH AND JOB CREATION.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,983,398
Investment Income $7,216
Other Revenue $208,724
TOTAL REVENUE $6,199,338

Expense Breakdown

Grants Paid $0
Salaries & Benefits $64,550
Fundraising Expenses $0
Program Expenses $2,909,665
Other Expenses $2,941,996
TOTAL EXPENSES $3,006,546

Year-over-Year Comparison

2023 2022 Change
Revenue $6,199,338 $3,437,461 +0.8%
Expenses $3,006,546 $3,309,278 -0.1%
Net Income $3,192,792 $128,183 +23.9%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
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
4
$230,160
Total Directors
9
$240,060
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL BELK PRESIDENT AN N/A
Officer Director
$21,000 $7,560 $196,560
DONNA UNGER INTERIM CEO N/A
Officer Director
$30,000 $0 $30,000
JOE PATTON DIRECTOR 1.00
Director
$3,300 $0 $3,300
BRYAN FERGUSON CHAIR 1.00
Officer Director
$1,950 $0 $1,950
BILLY CANTRELL DIRECTOR 1.00
Director
$1,650 $0 $1,650
JASON DAVIS DIRECTOR 1.00
Director
$1,650 $0 $1,650
BEN GILLELAND DIRECTOR 1.00
Director
$1,650 $0 $1,650
ROY PERREN DIRECTOR 1.00
Officer Director
$1,650 $0 $1,650
RICK WOOD DIRECTOR 1.00
Director
$1,650 $0 $1,650
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 No data No data No data No data
2023 $6,199,338 $3,006,546 $6,715,423 $3,192,792
2022 $3,437,461 $3,309,278 $3,125,516 $128,183
2021 $3,287,743 $3,356,817 $3,041,928 $-69,074
2020 $4,298,712 $3,913,019 $2,571,974 $385,693
2019 $3,886,978 $3,883,736 $3,469,769 $3,242
2018 $4,278,845 $4,442,062 $3,756,281 $-163,217
2017 $4,399,664 $4,399,664 $3,607,950 No data
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