COOPERATIVE TELEPHONE COMPANY

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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

Principal Officer

SCOTT SCHABACKER

Phone

3196473131

Tax Period

2021-01-01 to 2021-12-31

COOPERATIVE TELEPHONE COMPANY, founded in 1956, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2021. The organization ran a surplus of $543K, a strong 17% operating margin.

Mission

TO PROVIDE TELECOMMUNICATIONS TO ITS MEMBERS.

Program Service Accomplishments

Program 1

TELECOMMUNICATIONS SERVICES: THE COOPERATIVE PROVIDES QUALITY SERVICES TO ITS MEMBER SUBSCRIBERS. THESE SERVICES INCLUDE LOCAL EXCHANGE SEVICES, TOLL SERVICES, TERMINAL EQUIPMENT FOR SALE OR LEASE...

TELECOMMUNICATIONS SERVICES: THE COOPERATIVE PROVIDES QUALITY SERVICES TO ITS MEMBER SUBSCRIBERS. THESE SERVICES INCLUDE LOCAL EXCHANGE SEVICES, TOLL SERVICES, TERMINAL EQUIPMENT FOR SALE OR LEASE, INTERNET SERVICES, PCS SERVICES, CABLE TELEVISION SERVICES AND OTHER MISCELLANEOUS SERVICES FOR QUALITY TELECOMMUNICATIONS SERVICE.

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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 $3,086,207

Investment Income $137,392

Other Revenue $-2,531

TOTAL REVENUE $3,221,068

Expense Breakdown

Grants Paid $500

Salaries & Benefits $756,292

Fundraising Expenses $0

Other Expenses $1,921,403

TOTAL EXPENSES $2,678,195

Year-over-Year Comparison

	2021	2020	Change
Revenue	$3,221,068	$3,362,885	0.0%
Expenses	$2,678,195	$2,611,515	+0.0%
Net Income	$542,873	$751,370	-0.3%

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

$136,032

Total Directors

$12,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LONNY KOEHN	DIRECTOR/PRESIDENT	2.00	Officer Director	$3,700	$0	$3,700
KYLE GRAY	DIRECTOR	1.00	Director	$1,200	$0	$1,200
DENNIS REFER	DIRECTOR	1.00	Director	$900	$0	$900
KEN FOLKMANN	DIRECTOR	1.00	Director	$1,500	$0	$1,500
KEN BLOOME	DIRECTOR/VICE PRESIDENT	1.00	Officer Director	$1,500	$0	$1,500
TRACY SCHAFBUCH	DIRECTOR/SECRETARY/TREASUR	1.00	Officer Director	$1,700	$0	$1,700
CURT MCWILLIAMS	DIRECTOR	1.00	Director	$1,500	$0	$1,500
SCOTT SCHABACKER	GENERAL MANAGER/COO	40.00	Officer	$102,784	$26,348	$129,132

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	$3,221,068	$2,678,195	$15,965,602	$542,873
2020	$3,362,885	$2,611,515	$13,828,846	$751,370
2019	$3,101,603	$2,570,037	$10,206,175	$531,566
2018	$3,042,097	$2,448,287	$6,999,824	$593,810