PROGRESSIVE RURAL TELEPHONE COOPERATIVE INC (EIN 580672930) - 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

1953

Legal Domicile

Principal Officer

LARRY SANDERS

Phone

4789844201

Tax Period

2024-01-01 to 2024-12-31

PROGRESSIVE RURAL TELEPHONE COOPERATIVE INC, founded in 1953, is a mid-sized nonprofit that reported $13.5M in total revenue in fiscal year 2024. The organization ran a surplus of $4.1M, a strong 31% operating margin.

Mission

Our mission is to be our Members' total communications provider by providing quality services at the best prices.

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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 $11,994,487

Investment Income $189,553

Other Revenue $1,335,706

TOTAL REVENUE $13,519,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $322,999

Fundraising Expenses $0

Program Expenses $9,375,437

Other Expenses $9,052,438

TOTAL EXPENSES $9,375,437

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,519,746	$13,053,665	+0.0%
Expenses	$9,375,437	$9,503,117	0.0%
Net Income	$4,144,309	$3,550,548	+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

$264,271

Total Directors

$208,041

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY SANDERS	DIRECTOR	2.00	Officer Director	$21,516	$0	$32,820
KENNON SMITH	DIRECTOR	2.00	Officer Director	$21,516	$0	$28,716
SHIRLEY WILLIS	DIRECTOR	2.00	Director	$21,516	$0	$28,716
Hilton Culpepper	DIRECTOR	2.00	Director	$3,600	$0	$10,800
LARRY A WINDHAM	DIRECTOR	2.00	Officer Director	$19,272	$0	$25,872
EMORY ANDERSON	DIRECTOR	2.00	Director	$19,572	$0	$27,573
Douglas T Ward	DIRECTOR	2.00	Director	$19,572	$0	$26,772
Dan Rowe	DIRECTOR	2.00	Director	$19,572	$0	$26,772
RONALD L CHAMBERS	GENERAL MANAGER	40.00	Officer	$176,863	$0	$176,863

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	$13,519,746	$9,375,437	$40,932,774	$4,144,309
2023	$13,053,665	$9,503,117	$38,393,058	$3,550,548
2022	$11,560,585	$8,532,491	$35,185,220	$3,028,094
2021	$9,580,532	$5,970,516	$32,679,520	$3,610,016
2020	$8,488,036	$5,566,043	$31,017,613	$2,921,993
2019	$8,541,496	$5,404,094	$27,817,034	$3,137,402
2018	$5,932,372	$4,983,779	$23,947,457	$948,593
2017	$5,514,523	$4,755,152	$20,601,013	$759,371

PROGRESSIVE RURAL TELEPHONE COOPERATIVE INC