TELECOMMUNICATIONS FACILITIES CORPORATION (EIN 431344665) - 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

1983

Legal Domicile

Principal Officer

DAVID MADDOX

Phone

3143620600

Tax Period

2023-01-01 to 2023-12-31

TELECOMMUNICATIONS FACILITIES CORPORATION, founded in 1983, is a mid-sized nonprofit that reported $12.1M in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. Net assets of $28.1M represent 28 months of operating reserves.

Mission

COOPERATIVE TELEPHONE SYSTEM PROVIDING SERVICES TO EDUCATIONAL & HEALTH FACILITIES

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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 $11,528,759

Investment Income $535,470

Other Revenue $338

TOTAL REVENUE $12,064,567

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,070,968

Other Expenses $12,314,633

TOTAL EXPENSES $12,314,633

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,064,567	$19,193,668	-0.4%
Expenses	$12,314,633	$12,165,391	+0.0%
Net Income	$-250,066	$7,028,277	-1.0%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEABERG ED	CHAIRMAN, DIRECTOR	2.00	Officer Director	$0	$0	$0
BURRUS TROY	SECRETARY, DIRECTOR	1.00	Officer Director	$0	$0	$0
LABLANCE GARY	DIRECTOR	1.00	Director	$0	$0	$0
STANTON RICHARD END 623	DIRECTOR	1.00	Director	$0	$0	$0
IROVIC PAUL	DIRECTOR	1.00	Director	$0	$0	$0
HOYT JASON	DIRECTOR	1.00	Director	$0	$0	$0
AMY WALTER BEG 723	DIRECTOR	1.00	Director	$0	$0	$0

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	$12,064,567	$12,314,633	$31,342,900	$-250,066
2022	$19,193,668	$12,165,391	$40,153,556	$7,028,277
2021	$20,079,070	$17,150,031	$37,705,343	$2,929,039
2020	$23,157,594	$23,005,086	$35,035,294	$152,508
2019	$24,107,627	$22,933,541	$34,897,064	$1,174,086
2018	$21,301,816	$21,713,039	$34,143,235	$-411,223

TELECOMMUNICATIONS FACILITIES CORPORATION