Central Arkansas Telephone Cooperative Inc

Nonprofit profile at a glance

EIN
710259315
IRS 990 coverage
2011–2021
Forms available
Form 990 2021
Location
Bismark, AR, USA
Phone
5018653333
Rating confidence
Limited

Reported finances

Revenue
$10,682,246
Expenses
$10,305,961
Assets
$46,850,759
Liabilities
$15,931,126

Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • LARRY FRAZIER (CEO)
  • ALAN CANSLER (PRESIDENT)
  • TIMOTHY C MORRISON (VICE PRESIDENT)

Highest reported compensation

  • LARRY FRAZIER (CEO): $337,551 total reported compensation
  • ROYCE HUGHES (DIRECTOR): $29,720 total reported compensation
  • ALAN CANSLER (PRESIDENT): $19,104 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide telecommunications, internet services and iptv services to all of its member subscribers located in rural areas in south central Arkansas under its jurisdiction as determined by the Arkansas public service commission.

What it reported doing in 2021

The cooperative provides telephone, internet, and iptv service to its members in the south central Arkansas region in its rural service area as determined by the Arkansas public service commission.

Operating model

Revenue model
Earned-program. 91% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 70
  • Accountability: 80
  • Sustainability: 54
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90%; rating input score 90; 21st percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 3.5%; rating input score 38; 38th percentile among comparable filings
  • Total-asset coverage ratio: 4.55; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: 0.34; rating input score 41; 41st percentile among comparable filings
  • Officer compensation ratio: 4.2%; rating input score 52; 52nd percentile among comparable filings

Growth

  • Program expense growth: 8% per year; rating input score 100; 67th percentile among comparable filings
  • Revenue growth: 8.6% per year; rating input score 100; 70th percentile among comparable filings
  • Asset growth: 6.4% per year; rating input score 100; 48th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 9 of 10 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $10M in reported program spending
  • Leadership: top reported pay $338K · 11 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $1.4M reported
  • Consistency: 11 of 11 current checks pass
  • Schedules: 4 filed schedules · includes executive pay
  • Filing history: 11 filing years from 2011 to 2021
  • Contacts: How to reach this organization
  • Money network: 11 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • Moderate — Sustainability: Operating margin scored 38/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 41/100.
  • Review — Sustainability: Officer compensation ratio scored 52/100.