Vernon Communications Cooperative Inc (EIN 390838123) - 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

1951

Legal Domicile

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

CONNECTING OUR MEMBERS WITH EXCEPTIONAL COMMUNICATION SOLUTIONS WITH EASE AND INTEGRITY.

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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 $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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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

$360,196

Total Directors

$110,600

Key Employees

Highest Compensated

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

Vernon Communications Cooperative Inc