Vernon Communications Cooperative Inc

EIN: 390838123

WESTBY, WI

Total Revenue
$19,299,347
Total Expenses
$17,958,695
Total Assets
$58,969,488
Net Assets
$28,479,401
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1951
Legal Domicile
WI
Phone
6086343136
Tax Period
2023-01-01 to 2023-12-31

Vernon Communications Cooperative Inc, founded in 1951, is a mid-sized nonprofit that reported $19.3M in total revenue in fiscal year 2023. Expenses of $18.0M left a modest 7% surplus.

Mission

TO OUR MEMBERS: CONSISTENT WITH OUR PROUD TRADITION, VERNON COMMUNICATIONS COOP'S MISSION IS TO PROVIDE ITS MEMBERS WITH THE LATEST TECHNOLOGY AVAILABLE, AT AN AFFORDABLE COST, (CONTINUED ON SCHEDULE O)

Program Service Accomplishments

Program 1

TELEPHONE AND RELATED TELECOMMUNICATIONS SERVICES TO 5,009 ACCESS LINES.

Program 2

BROADBAND INTERNET ACCESS TO 8,582 SUBSCRIBERS.

Program 3

STREAMING AND IP TELEVISION SERVICES TO 3,323 SUBSCRIBERS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $202,382
Program Service Revenue $18,477,039
Investment Income $154,880
Other Revenue $465,046
TOTAL REVENUE $19,299,347

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,469,299
Fundraising Expenses $0
Program Expenses $0
Other Expenses $12,610,223
TOTAL EXPENSES $17,958,695

Year-over-Year Comparison

2023 2022 Change
Revenue $19,299,347 $18,047,667 +0.1%
Expenses $17,958,695 $17,984,015 0.0%
Net Income $1,340,652 $63,652 +20.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
47
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
$360,196
Total Directors
9
$110,600
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A DIRECTOR 3.1
Officer Director
$14,400 $0 $14,400
N/A DIRECTOR 3.3
Officer Director
$16,500 $0 $16,500
N/A DIRECTOR 4.5
Officer Director
$18,300 $0 $18,300
N/A DIRECTOR 1.8
Director
$14,700 $0 $14,700
N/A DIRECTOR 1.2
Director
$8,300 $0 $8,300
N/A DIRECTOR 1.3
Director
$13,200 $0 $13,200
N/A DIRECTOR 0.4
Director
$4,400 $0 $4,400
N/A DIRECTOR 1.6
Director
$13,800 $0 $13,800
N/A DIRECTOR 6.6
Director
$7,000 $0 $7,000
N/A CEO 40.0
Officer
$243,704 $67,292 $310,996
N/A OSP Engineer 40.0
Highest
$100,446 $14,733 $115,179
N/A DIRECTOR OF OPERATIONS 40.0
Highest
$137,925 $34,017 $171,942
N/A CONTROLLER 40.0
Highest
$139,682 $22,437 $162,119
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 $19,299,347 $17,958,695 $58,969,488 $1,340,652
2022 $18,047,667 $17,984,015 $51,606,400 $63,652
2021 $18,296,533 $17,342,968 $43,756,692 $953,565
2020 $18,824,694 $17,470,535 $43,721,607 $1,354,159
2019 $17,949,077 $18,010,585 $42,129,602 $-61,508
2018 $18,608,539 $16,066,213 $41,345,780 $2,542,326
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