WABASH TELEPHONE COOPERATIVE INC (EIN 370697499) - 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

1952

Legal Domicile

Principal Officer

BARRY ADAIR

Phone

6186653311

Tax Period

2021-01-01 to 2021-12-31

WABASH TELEPHONE COOPERATIVE INC, founded in 1952, is a mid-sized nonprofit that reported $16.9M in total revenue in fiscal year 2021. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.6M, a strong 21% operating margin.

Mission

TO PROVIDE COMPLETE, HIGH QUALITY, REASONABLE PRICED, COMMUNICATIONS EQUIPMENT AND SERVICES UTILIZING STATE OF THE INDUSTRY TECHNOLOGY. TO EMPOWER AND EQUIP OUR EMPLOYEES TO DELIVER COMPLETE CUSTOMER SERVICE SATISFACTION ON A PERSONAL BASIS WITH HONESTY AND INTEGRITY. TO CONTINUE TO EXPLORE SERVICES THAT WILL ENHANCE THE QUALITY OF LIFE FOR OUR MEMBERS AND THE ECONOMIC GROWTH OF OUR SERVICE AREA.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $13,070,918

Investment Income $216,922

Other Revenue $3,620,399

TOTAL REVENUE $16,908,239

Expense Breakdown

Grants Paid $0

Salaries & Benefits $769,012

Fundraising Expenses $0

Other Expenses $9,969,766

TOTAL EXPENSES $13,349,753

Year-over-Year Comparison

	2021	2020	Change
Revenue	$16,908,239	$14,842,874	+0.1%
Expenses	$13,349,753	$12,371,534	+0.1%
Net Income	$3,558,486	$2,471,340	+0.4%

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

$1,160,851

Total Directors

$48,786

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DWIGHT EDGINGTON	SECRETARY/TREASURER	1.00	Officer Director	$8,384	$0	$8,384
RODNEY BYARS	PRESIDENT	1.00	Officer Director	$4,750	$0	$4,750
JOSH ATWOOD	VICE PRESIDENT	1.00	Officer Director	$4,000	$0	$4,000
LARRY WASHBURN	DIRECTOR	1.00	Director	$6,884	$0	$6,884
STEVE MCKNELLY	DIRECTOR	1.00	Director	$6,634	$0	$6,634
JEFF COX	DIRECTOR	1.00	Director	$6,384	$0	$6,384
DAVID GRAHN	DIRECTOR	1.00	Director	$4,500	$0	$4,500
LUCAS SMITH	DIRECTOR	1.00	Director	$4,000	$0	$4,000
FRANK MOLT	DIRECTOR	1.00	Director	$3,250	$0	$3,250
BARRY ADAIR	EVP/ GENERAL MANAGER	40.00	Officer	$270,027	$453,561	$723,588
DAVE FRIGEN	CHIEF OPERATING OFFICER	40.00	Officer	$155,893	$108,354	$264,247
CHERYL GAITHER	CONTROLLER	40.00	Officer	$75,783	$80,099	$155,882
KENNY HILDERBRAND	INSTALL AND REPAIR	59.00	Highest	$111,832	$21,097	$132,929
STEVE JORDAN	INSTALL AND REPAIR	56.00	Highest	$104,538	$34,276	$138,814

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
2021	$16,908,239	$13,349,753	$76,292,242	$3,558,486
2019	$14,550,682	$13,516,651	$54,849,590	$1,034,031
2018	$12,688,810	$12,845,301	$53,249,313	$-156,491

WABASH TELEPHONE COOPERATIVE INC