WEST CAROLINA RURAL TELEPHONE COOPERATIVE INC

EIN: 570336544

ABBEVILLE, SC

Total Revenue
$36,061,652
Total Expenses
$34,216,120
Total Assets
$146,781,683
Net Assets
$109,872,198
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1952
Legal Domicile
SC
Principal Officer
JEFF WILSON
Phone
8644462111
Tax Period
2023-01-01 to 2023-12-31

WEST CAROLINA RURAL TELEPHONE COOPERATIVE INC, founded in 1952, is a mid-sized nonprofit that reported $36.1M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $34.2M left a modest 5% surplus.

Mission

WEST CAROLINA RURAL TELEPHONE COOPERATIVE, INC. IS A MEMBER-OWNED PROVIDER OF COMMUNICATIONS SERVICES IN WESTERN SOUTH CAROLINA.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $29,917,780
Investment Income $5,237,947
Other Revenue $905,925
TOTAL REVENUE $36,061,652

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,140,561
Fundraising Expenses $0
Program Expenses $34,216,120
Other Expenses $25,075,559
TOTAL EXPENSES $34,216,120

Year-over-Year Comparison

2023 2022 Change
Revenue $36,061,652 $41,730,822 -0.1%
Expenses $34,216,120 $40,811,141 -0.2%
Net Income $1,845,532 $919,681 +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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Governance

Voting Members
9
Independent Members
9
Employees
117
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
4
$613,510
Total Directors
9
$322,140
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WESTLEY MCALLISTER PRESIDENT 2.00
Officer Director
$45,246 $0 $45,246
MICHAEL THOMAS VICE PRESIDENT 2.00
Officer Director
$38,181 $0 $38,181
JANE STONE SECRETARY/TREASURER 2.00
Officer Director
$40,586 $0 $40,586
TALMADGE BUSSEY DIRECTOR 2.00
Director
$31,909 $0 $31,909
LEE LOGAN DIRECTOR 2.00
Director
$34,735 $0 $34,735
DARREN LEWIS DIRECTOR 2.00
Director
$33,066 $0 $33,066
ROBERT HESTER DIRECTOR 2.00
Director
$33,872 $0 $33,872
ERIC MCCALL DIRECTOR 2.00
Director
$32,844 $0 $32,844
AIMEE GRAY DIRECTOR 2.00
Director
$31,701 $0 $31,701
JEFF WILSON CHIEF EXECUTIVE OFFICER 45.00
Officer
$489,497 $0 $489,497
LANCE TADE CHIEF FINANCIAL OFFICER 45.00
Highest
$342,667 $0 $342,667
JEFF ROBINSON DIRECTOR OF CONSTRUCTION/ENGINEERING 45.00
Highest
$245,855 $0 $245,855
SHANNON SEARS DIRECTOR OF COMMERICAL OPERATIONS 45.00
Highest
$207,394 $0 $207,394
RUSSELL CLARK DIRECTOR OF BUSINESS DEVELOPMENT 45.00
Highest
$196,689 $0 $196,689
MARY MILLER COMMUNICATIONS AND MARKETING MANAGER 45.00
Highest
$168,873 $0 $168,873
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 $36,061,652 $34,216,120 $146,781,683 $1,845,532
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