Farmers Telecommunications Cooperative Inc Voluntary Employees Benficiary Assn (EIN 636208857) - 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

1997

Legal Domicile

Principal Officer

Paul Higdon

Phone

2566382144

Tax Period

2023-01-01 to 2023-12-31

FARMERS TELECOMMUNICATIONS COOPERATIVE INC VOLUNTARY EMPLOYEES BENFICIARY ASSN, founded in 1997, is a community nonprofit in the Mutual Benefit sector that reported $3.0M in total revenue in fiscal year 2018. Revenue decreased 6% compared to the prior year. Expenses of $2.8M left a modest 6% surplus.

Mission

Provide medical benefits to participants

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,523,608

Investment Income $759,311

Other Revenue $0

TOTAL REVENUE $5,282,919

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,664,728

Other Expenses $49,775

TOTAL EXPENSES $3,664,729

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,282,919	$3,677,559	+0.4%
Expenses	$3,664,729	$3,409,220	+0.1%
Net Income	$1,618,190	$268,339	+5.0%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Trustee	0.00		$0	$0	$0

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	$5,282,919	$3,664,729	$13,835,577	$1,618,190
2022	$3,677,559	$3,409,220	$10,707,025	$268,339
2021	$4,064,560	$3,109,870	$12,412,480	$954,690
2020	$3,057,383	$2,996,157	$11,234,662	$61,226
2019	$2,928,187	$2,661,374	$10,633,309	$266,813
2018	$2,968,908	$2,801,129	$8,807,694	$167,779

Farmers Telecommunications Cooperative Inc Voluntary Employees Benficiary Assn