Palo Cooperative Telephone Association

EIN: 420793094

Palo, IA

Total Revenue
$1,685,077
Total Expenses
$1,760,331
Total Assets
$6,155,489
Net Assets
$6,095,406
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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
1956
Legal Domicile
IA
Phone
3198513431
Tax Period
2023-01-01 to 2023-12-31

Palo Cooperative Telephone Association, founded in 1956, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2023. Net assets of $6.1M represent 43 months of operating reserves.

Mission

TO PROVIDE TELECOMMUNICATIONS SERVICES TO ITS MEMBERS

Program Service Accomplishments

Program 1

TO PROVIDE THE COOPERATIVE WITH QUALITY TELECOMMUNICATIONS SERVICES TO ITS MEMBER SUBSCRIBERS. THESE SERVICES INCLUDE LOCAL EXCHANGE SERVICE, TOLL SERVICE, INTERNET SERVICE, VIDEO SERVICE...

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TO PROVIDE THE COOPERATIVE WITH QUALITY TELECOMMUNICATIONS SERVICES TO ITS MEMBER SUBSCRIBERS. THESE SERVICES INCLUDE LOCAL EXCHANGE SERVICE, TOLL SERVICE, INTERNET SERVICE, VIDEO SERVICE, INSTALLATION AND MAINTENANCE OF CUSTOMER PREMISE WIRING AND OTHER MISCELLANEOUS SERVICES FOR QUALITY TELECOMMUNICATIONS SERVICES.

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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 $0
Program Service Revenue $1,452,056
Investment Income $82,734
Other Revenue $150,287
TOTAL REVENUE $1,685,077

Expense Breakdown

Grants Paid $0
Salaries & Benefits $242,462
Fundraising Expenses $0
Program Expenses $0
Other Expenses $907,030
TOTAL EXPENSES $1,760,331

Year-over-Year Comparison

2023 2022 Change
Revenue $1,685,077 N/A N/A
Expenses $1,760,331 N/A N/A
Net Income $-75,254 $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

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
6
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
7
$125,872
Total Directors
6
$5,417
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A BOARD PRESIDENT 1.0
Officer Director
$980 $0 $980
N/A OFFICER OF THE BOARD 1.0
Officer Director
$980 $0 $980
N/A TREASURER 1.0
Officer Director
$980 $0 $980
N/A BOARD VICE-PRESIDENT 1.0
Officer Director
$980 $0 $980
N/A BOARD-TREASURER 1.0
Officer Director
$1,120 $0 $1,120
N/A OFFICER/DIRECTOR OF THE BOARD 1.0
Officer Director
$377 $0 $377
N/A GM/CEO/COO 60.0
Officer
$107,154 $13,301 $120,455
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 $1,685,077 $1,760,331 $6,155,489 $-75,254
2021 $1,705,029 $1,314,624 $5,469,047 $390,405
2020 $1,611,577 $1,450,018 $4,917,297 $161,559
2019 $1,291,142 $1,257,671 $3,756,617 $33,471
2018 $1,175,299 $1,150,811 $3,606,079 $24,488
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