SPRINGVILLE COOPERATIVE TELEPHONE ASSOCIATION INC (EIN 420819110) - 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

1959

Legal Domicile

Phone

3198546107

Tax Period

2023-01-01 to 2023-12-31

SPRINGVILLE COOPERATIVE TELEPHONE ASSOCIATION INC, founded in 1959, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $2.1M left a modest 8% surplus.

Mission

TO PROVIDE TELECOMMUNICATIONS EXCHANGE AND LOCAL ACCESS SERVICES AND INTERNET SERVICES IN A SERVICE AREA LOCATED PRIMARILY IN LINN COUNTY, IOWA

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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 $0

Program Service Revenue $2,120,399

Investment Income $191,485

Other Revenue $14,154

TOTAL REVENUE $2,326,038

Expense Breakdown

Grants Paid $0

Salaries & Benefits $484,404

Fundraising Expenses $0

Program Expenses $0

Other Expenses $1,246,328

TOTAL EXPENSES $2,130,732

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,326,038	$2,465,792	-0.1%
Expenses	$2,130,732	$2,227,097	0.0%
Net Income	$195,306	$238,695	-0.2%

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

$82,974

Total Directors

$8,060

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	DIRECTOR/VICE PRESIDENT	1.0	Officer Director	$1,100	$0	$1,100
N/A	DIRECTOR/PRESIDENT	1.0	Officer Director	$1,320	$0	$1,320
N/A	DIRECTOR	1.0	Director	$1,100	$0	$1,100
N/A	DIRECTOR	1.0	Director	$1,100	$0	$1,100
N/A	DIRECTOR	1.0	Director	$1,100	$0	$1,100
N/A	DIRECTOR/SECRETARY	1.0	Director	$1,440	$0	$1,440
N/A	DIRECTOR	1.0	Director	$900	$0	$900
N/A	TREASURER/EXECUTIVE OFFICE MGR	40.0	Officer	$80,554	$0	$80,554

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
2023	$2,326,038	$2,130,732	$8,963,402	$195,306
2022	$2,465,792	$2,227,097	$8,202,368	$238,695
2021	$2,350,786	$2,135,036	$7,855,085	$215,750
2020	$2,163,265	$1,996,382	$7,090,603	$166,883
2019	$1,929,996	$1,833,470	$4,961,855	$96,526
2018	$1,974,995	$1,795,573	$4,337,969	$179,422

SPRINGVILLE COOPERATIVE TELEPHONE ASSOCIATION INC