TEXAS STATEWIDE TELEPHONE COOPERAT… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1952

Legal Domicile

Principal Officer

ALLEN HYER

Phone

5123432587

Tax Period

2023-01-01 to 2023-12-31

TEXAS STATEWIDE TELEPHONE COOPERATIVE INC, founded in 1952, is a small nonprofit that reported $645K in total revenue in fiscal year 2023. Expenses of $724K exceeded revenue, resulting in a 12% operating deficit.

Mission

A STATEWIDE ORGANIZATION REPRESENTING TELEPHONE COOPERATIVES AND OTHER RURAL INDEPENDENT TELEPHONE EXCHANGE COMPANIES IN TEXAS. TEXAS STATEWIDE TELEPHONE COOPERATIVE IS A TELEPHONE INDUSTRY ORGANIZATION DEDICATED ENTIRELY TO REPRESENTING AND SERVING THE INTERESTS OF THE TEXAS RURAL INDEPENDENT TELECOMMUNICATIONS PROVIDERS AND CUSTOMERS.

Program Service Accomplishments

Program 1

TO PROVIDE INDUSTRY, REGULATORY, AND CONSULTING SERVICES REGARDING TELECOMMUNICATION ISSUES AFFECTING OUR 19 MEMBERS AND 88 ASSOCIATE MEMBERS, WHICH INCLUDES EDUCATION AND TRAINING SEMINARS FOR THE BENEFIT OF COOPERATIVE AND ASSOCIATE MEMBERS. TEXAS STATEWIDE TELEPHONE COOPERATIVE CARRIES OUT MANY ACTIVITIES ON BEHALF OF ITS MEMBERS, INCLUDING REPRESENTATION ON ISSUES BEFORE THE FCC, ACTIVE PARTICIPATION IN TEXAS PUC MATTERS, AS WELL AS LEGISLATIVE INVOLVEMENT AT BOTH STATE AND FEDERAL LEVELS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $20,726

Program Service Revenue $617,820

Investment Income $1,070

Other Revenue $5,112

TOTAL REVENUE $644,728

Expense Breakdown

Grants Paid $700

Salaries & Benefits $111,858

Fundraising Expenses $0

Other Expenses $611,145

TOTAL EXPENSES $723,703

Year-over-Year Comparison

	2023	2022	Change
Revenue	$644,728	$676,066	0.0%
Expenses	$723,703	$682,923	+0.1%
Net Income	$-78,975	$-6,857	+10.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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
ALLEN HYER	PRESIDENT	1.00	Officer Director	$0	$0	$0
RILEY ABBOTT	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
LONNIE RUE	SECRETARY/TREASURER	1.30	Officer Director	$0	$0	$0
MARK WASHINGTON	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM WHITTEN	DIRECTOR	0.30	Director	$0	$0	$0
PATRICK SHERRILL	DIRECTOR	0.50	Director	$0	$0	$0
RODNEY HACKEMACK	DIRECTOR	1.00	Director	$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	$644,728	$723,703	$112,310	$-78,975
2022	$676,066	$682,923	$192,030	$-6,857
2021	$730,887	$937,503	$262,384	$-206,616
2020	$759,887	$1,069,532	$416,847	$-309,645
2019	$1,272,925	$1,329,052	$889,876	$-56,127
2018	$1,323,756	$1,334,864	$791,941	$-11,108

TEXAS STATEWIDE TELEPHONE COOPERATIVE INC