CLAY COUNTY RURAL TELEPHONE COOP INC (EIN 350978228) - 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

1950

Legal Domicile

Principal Officer

DARIN T LACOURSIERE

Phone

7657954261

Tax Period

2017-10-01 to 2018-09-30

CLAY COUNTY RURAL TELEPHONE COOP INC, founded in 1950, is a mid-sized nonprofit in the Mutual Benefit sector that reported $27.6M in total revenue in fiscal year 2017. Revenue grew 14% year-over-year, indicating healthy expansion. Net assets of $66.1M represent 29 months of operating reserves.

Mission

THE CORPORATION PROVIDES TELECOMMUNICATION SERVICES TO PATRONS ON A NON-PROFIT BASIS.

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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 (2017)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $27,331,159

Investment Income $231,049

Other Revenue $0

TOTAL REVENUE $27,562,208

Expense Breakdown

Grants Paid $40,933

Salaries & Benefits $300,201

Fundraising Expenses $0

Other Expenses $23,249,972

TOTAL EXPENSES $27,331,159

Year-over-Year Comparison

	2017	2016	Change
Revenue	$27,562,208	$24,166,278	+0.1%
Expenses	$27,331,159	$24,047,245	+0.1%
Net Income	$231,049	$119,033	+0.9%

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

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

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

$260,556

Total Directors

$69,182

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAM KIVETT	CHAIRMAN	2.00	Officer Director	$8,000	$0	$8,000
JACK HAUSER	TREASURER	2.00	Officer Director	$8,976	$0	$8,976
JAMES ELLETT	VICE-CHAIRMAN	2.00	Officer Director	$7,497	$0	$7,497
DOUGLAS YOUNGBLOOD	SECRETARY	2.00	Officer Director	$6,597	$0	$6,597
RICHARD RICE	DIRECTOR	2.00	Director	$7,885	$0	$7,885
BRAD L HENDERSON	DIRECTOR	2.00	Director	$7,100	$0	$7,100
JAMES R SMITH	DIRECTOR	2.00	Director	$8,508	$0	$8,508
DEVIN L SALSMAN	DIRECTOR	2.00	Director	$6,622	$0	$6,622
STEVE AKER	DIRECTOR	2.00	Director	$7,997	$0	$7,997
DARIN LACOURSIERE	PRESIDENT AND CEO	40.00	Officer	$177,424	$52,062	$229,486
DENNIS JOHNSON	DIRECTOR OF NETWORK OPERATIONS	40.00	Highest	$115,521	$48,490	$164,011
JAY WATKINS	VP OF OPERATIONS	40.00	Highest	$127,968	$47,555	$175,523
JODIE LATHAM	VP OF FINANCE	40.00	Highest	$111,503	$45,155	$156,658

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
2018	$27,562,208	$27,331,159	$69,919,802	$231,049

CLAY COUNTY RURAL TELEPHONE COOP INC