MID CENTURY TELEPHONE CO-OPERATIVE (EIN 370696003) - 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

JAMES W BROEMMER JR

Phone

3097788611

Tax Period

2023-01-01 to 2023-12-31

MID CENTURY TELEPHONE CO-OPERATIVE, founded in 1950, is a mid-sized nonprofit that reported $13.2M in total revenue in fiscal year 2023. Expenses of $12.5M left a modest 6% surplus.

Mission

SALE OF COMMUNICATION SERVICES TO MEMBERS, CUSTOMERS AND COMMUNITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $10,738,818

Investment Income $1,600,669

Other Revenue $867,251

TOTAL REVENUE $13,206,738

Expense Breakdown

Grants Paid $4,000

Salaries & Benefits $33,425

Fundraising Expenses $0

Other Expenses $10,163,354

TOTAL EXPENSES $12,472,206

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,206,738	$12,491,941	+0.1%
Expenses	$12,472,206	$12,491,941	0.0%
Net Income	$734,532	$0	N/A

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

$17,850

Total Directors

$33,425

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL GRAY	PRESIDENT	4.00	Officer Director	$6,525	$0	$6,525
SHEILA BLOUT	DIRECTOR	1.50	Director	$7,025	$0	$7,025
DONNA CECIL	VICE PRESIDENT	1.50	Officer Director	$3,775	$0	$3,775
RANDALL HELLYER	TREASURER	1.50	Officer Director	$3,775	$0	$3,775
TONYA PIKE	SECRETARY	1.50	Officer Director	$3,775	$0	$3,775
DANIEL ERICKSON	DIRECTOR (THRU 9/23)	1.50	Director	$2,525	$0	$2,525
RAY MCCAUSLAND	DIRECTOR	1.50	Director	$5,025	$0	$5,025
DANIEL LUNDEEN	DIRECTOR	1.50	Director	$1,000	$0	$1,000
JAMES BROEMMER	CEO	32.00	Officer	$0	$0	$0
AARON BUCK	DIRECTOR OF OPERATIONS	40.00	Highest	$106,011	$18,195	$124,206

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
2023	$13,206,738	$12,472,206	$77,990,906	$734,532
2022	$12,491,941	$12,491,941	$77,145,409	No data
2021	$10,851,505	$10,851,505	$76,982,945	No data
2020	$11,272,522	$11,272,522	$60,568,529	No data
2019	$11,300,768	$11,300,768	$43,265,704	No data
2018	$10,909,229	$10,909,229	$33,270,012	No data

MID CENTURY TELEPHONE CO-OPERATIVE