HIGHLAND TELEPHONE COOPERATIVE INC (EIN 620549541) - 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

1955

Legal Domicile

Phone

4236282121

Tax Period

2023-01-01 to 2023-12-31

HIGHLAND TELEPHONE COOPERATIVE INC, founded in 1955, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $26.4M in total revenue in fiscal year 2023. The organization ran a surplus of $4.8M, a strong 18% operating margin.

Mission

TO PROVIDE TELECOMMUNICATION SERVICES TO MEMBERS OF THE COOPERATIVE LOCATED IN ITS RURAL SERVICE 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 $24,321,281

Investment Income $2,043,198

Other Revenue $2,937

TOTAL REVENUE $26,367,416

Expense Breakdown

Grants Paid $0

Salaries & Benefits $767,037

Fundraising Expenses $0

Program Expenses $21,587,205

Other Expenses $20,820,168

TOTAL EXPENSES $21,587,205

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,367,416	$25,430,572	+0.0%
Expenses	$21,587,205	$20,296,743	+0.1%
Net Income	$4,780,211	$5,133,829	-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

110

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

$856,215

Total Directors

$230,308

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY MARK PATTERSON	GENERAL MGR	40.00	Officer	$302,937	$52,383	$355,320
JARED A CARSON	COO	40.00	Officer	$198,092	$41,906	$239,998
STEVEN S ARMES	CFO	40.00	Officer	$156,628	$37,769	$194,397
DUSTIN PHILLIPS	COE RADIO	46.00		$118,298	$12,790	$131,088
KEVIN TUCKER	COE RADIO	46.00		$118,113	$12,771	$130,884
STEVEN GARRETT	ENGINEERING SUPER	40.00		$113,649	$13,958	$127,607
JEROME CURT WILLIAMS	COE CRAFTSMAN	47.00		$115,590	$6,739	$122,329
DOUGLAS KEETON	CABLE SPLICING SUP	40.00		$113,722	$5,473	$119,195
JAN G BYRD	Director	5.00	Director	$13,308	$4,200	$32,208
David Freytag	President	5.00	Officer Director	$7,700	$0	$24,500
CARL JONES	Director	5.00	Director	$7,700	$0	$24,500
DORORHTY HILL WATSON	Secretary	5.00	Officer Director	$7,700	$0	$22,400
MICKEY BINGHAM	Director	5.00	Director	$9,800	$0	$22,400
JAMES E TERRY	Director	5.00	Director	$9,800	$0	$22,400
ROBERT DAVIS	Director	5.00	Director	$7,350	$0	$21,700
JOHN TATE	DIRECTOR	5.00		$9,100	$0	$21,350
TONY KIDD	Director	5.00	Director	$9,800	$0	$19,950
SHELVA JO JONES	DIRECTOR	5.00		$9,972	$9,972	$19,944
SAM STRUNK	Vice President	5.00	Officer Director	$9,450	$0	$19,600
MAX SPURLING	Director	5.00	Director	$6,650	$0	$18,900
KEVIN GREEN	Director	5.00	Director	$1,050	$0	$1,750

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	$26,367,416	$21,587,205	$89,192,766	$4,780,211
2022	$25,430,572	$20,296,743	$83,970,784	$5,133,829
2021	$24,131,946	$18,621,613	$81,089,190	$5,510,333
2020	$24,723,277	$18,636,457	$77,215,605	$6,086,820
2019	$21,932,586	$19,224,775	$72,304,694	$2,707,811
2018	$20,990,372	$19,051,376	$69,385,533	$1,938,996

HIGHLAND TELEPHONE COOPERATIVE INC