Highland Telephone Cooperative Inc (EIN 546007441) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1905

Legal Domicile

Principal Officer

Chad Kimble

Phone

5404682131

Tax Period

2024-01-01 to 2024-12-31

Highland Telephone Cooperative Inc, founded in 1905, is a community nonprofit in the Public & Societal Benefit sector that reported $3.1M in total revenue in fiscal year 2018. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $2.9M left a modest 5% surplus.

Mission

To provide telecommunication services to its members located in the cooperative's service area.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,150,981

Investment Income $38,724

Other Revenue $11,260

TOTAL REVENUE $3,200,965

Expense Breakdown

Grants Paid $0

Salaries & Benefits $213,120

Fundraising Expenses $0

Other Expenses $1,907,857

TOTAL EXPENSES $3,155,263

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,200,965	$3,228,613	0.0%
Expenses	$3,155,263	$3,195,409	0.0%
Net Income	$45,702	$33,204	+0.4%

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

$208,619

Total Directors

$7,450

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sarah Shifflett	Director	2.00	Director	$1,100	$0	$1,100
Carol Swecker	Director/ Vice President	2.00	Officer Director	$1,200	$0	$1,200
Garland Dever	Director/President	2.00	Officer Director	$1,750	$0	$1,750
Debbi Stephenson	Director	2.00	Director	$600	$0	$600
Nancy Witschey	Director	2.00	Director	$1,200	$0	$1,200
Troy Snead	Director	2.00	Director	$1,000	$0	$1,000
Bonnie Boykin	Director	2.00	Director	$600	$0	$600
Chad Kimble	G.M.	40.00	Officer	$104,032	$32,521	$136,553
Denise Waybright	Secretary/Treasurer	40.00	Officer	$52,180	$16,936	$69,116

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	$3,200,965	$3,155,263	$10,480,987	$45,702
2023	$3,228,613	$3,195,409	$9,741,140	$33,204
2022	$3,213,501	$3,187,146	$9,310,302	$26,355
2021	$3,001,352	$3,007,235	$8,649,834	$-5,883
2020	$3,096,851	$3,094,963	$7,930,976	$1,888
2019	$3,066,270	$3,029,657	$7,224,333	$36,613
2018	$3,057,730	$2,907,010	$6,541,344	$150,720

Highland Telephone Cooperative Inc