NORTH CENTRAL TELEPHONE COOPERATIVE INC (EIN 620516439) - 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

1951

Legal Domicile

Phone

6156662151

Tax Period

2023-01-01 to 2023-12-31

NORTH CENTRAL TELEPHONE COOPERATIVE INC, founded in 1951, is a mid-sized nonprofit that reported $49.7M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $12.3M, a strong 25% operating margin.

Mission

To provide members with reliable telecommunication services located within its rural trade area.

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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 $43,731,189

Investment Income $5,983,164

Other Revenue $-6,776

TOTAL REVENUE $49,707,577

Expense Breakdown

Grants Paid $0

Salaries & Benefits $597,362

Fundraising Expenses $0

Program Expenses $37,443,024

Other Expenses $35,652,333

TOTAL EXPENSES $37,443,024

Year-over-Year Comparison

	2023	2022	Change
Revenue	$49,707,577	$45,173,129	+0.1%
Expenses	$37,443,024	$33,812,203	+0.1%
Net Income	$12,264,553	$11,360,926	+0.1%

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

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

$410,306

Total Directors

$275,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHNNY L McCLANAHAN	President & CEO	55.00	Officer	$275,666	$46,446	$322,112
JOHN CARTER	DIRECTOR TECH	50.00		$165,329	$80,346	$245,675
Donnie Steen	Director	10.00	Director	$42,116	$0	$42,116
GLEN HARDCASTLE JR	Chairman	16.00	Officer Director	$41,930	$0	$41,930
JEFF FLIPPIN	Director	12.00	Director	$41,183	$0	$41,183
CHAD OWENS	Director	10.00	Director	$40,559	$0	$40,559
MARTHA BOWSER	Director	12.00	Director	$31,478	$0	$31,478
RANDY HARSTON	Vice Chairman	12.00	Officer Director	$29,144	$0	$29,144
KEVIN DICKERSON	Director	12.00	Director	$23,600	$0	$23,600
CALVIN GRAVES	Secretary	12.00	Officer Director	$17,120	$0	$17,120
CHAD EVITTS	Director	12.00	Director	$8,120	$0	$8,120

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	$49,707,577	$37,443,024	$185,818,001	$12,264,553
2022	$45,173,129	$33,812,203	$174,433,978	$11,360,926
2020	$41,901,963	$31,134,240	$151,550,123	$10,767,723
2019	$39,257,512	$30,816,469	$142,544,902	$8,441,043

NORTH CENTRAL TELEPHONE COOPERATIVE INC