Broadband Association of North Dak… - Form 990 Financial Data

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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

1966

Legal Domicile

Principal Officer

Carissa Swenson

Phone

7016631099

Tax Period

2024-01-01 to 2024-12-31

Broadband Association of North Dakota, founded in 1966, is a small nonprofit that reported $683K in total revenue in fiscal year 2024.

Mission

To furnish services necessary to the operation of the Coop telephone and communications systems in North Dakota.

Program Service Accomplishments

Program 1

To furnish services incidental and essential to the operation of Coop telephone and communications systems in North Dakota for the members and subsidiaries of such systems.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $650,355

Investment Income $33,045

Other Revenue $0

TOTAL REVENUE $683,400

Expense Breakdown

Grants Paid $0

Salaries & Benefits $301,757

Fundraising Expenses $0

Other Expenses $393,061

TOTAL EXPENSES $694,818

Year-over-Year Comparison

	2024	2023	Change
Revenue	$683,400	$668,956	+0.0%
Expenses	$694,818	$757,342	-0.1%
Net Income	$-11,418	$-88,386	-0.9%

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

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

$225,949

Total Directors

$4,150

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jan Stebbins	President	1.00	Officer Director	$4,150	$0	$4,150
Jennifer Sorenson	1st Vice President	1.00	Officer Director	$0	$0	$0
Stan Vangsness	2nd Vice President	1.00	Officer Director	$0	$0	$0
Jay Seibel	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Shane Morris	Director	1.00	Director	$0	$0	$0
Craig Headland	Director	1.00	Director	$0	$0	$0
Ralph Neu	Director	1.00	Director	$0	$0	$0
Diedre Kilde	Director	1.00	Director	$0	$0	$0
Lori Dahl	Director	1.00	Director	$0	$0	$0
Jeff Pattison	Director	1.00	Director	$0	$0	$0
Leslie Grubb	Director	1.00	Director	$0	$0	$0
Brian Udby	Director	1.00	Director	$0	$0	$0
Tim Viland	Director	1.00	Director	$0	$0	$0
Steve Bjornstad	Director	1.00	Director	$0	$0	$0
Carissa Swenson	Executive Director	40.00	Officer	$153,783	$68,016	$221,799

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	$683,400	$694,818	$951,920	$-11,418
2023	$668,956	$757,342	$950,705	$-88,386
2022	$705,692	$548,352	$1,058,854	$157,340
2021	$601,039	$612,475	$754,213	$-11,436
2020	$622,586	$585,340	$764,048	$37,246
2019	$624,986	$594,713	$722,649	$30,273

Broadband Association of North Dakota