Federated Telephone Cooperative

Nonprofit profile at a glance

EIN
410747884
IRS 990 coverage
2022–2022
Forms available
Form 990 2022
Location
Chokio, MN, USA
Phone
3203247111
Rating confidence
Limited

Official website

Reported finances

Revenue
$11,447,684
Expenses
$8,234,022
Assets
$48,975,021
Liabilities
$11,942,668

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • DAN SMITH (PRESIDENT)
  • NANCY TAFFE (VICE PRESIDENT)
  • KEVIN BEYER (GENERAL MANAGER/CEO)

Highest reported compensation

  • KEVIN BEYER (GENERAL MANAGER/CEO): $318,212 total reported compensation
  • JADE GEHRKE (NETWORK SPECIALIST): $166,306 total reported compensation
  • PATRICIA KNUTSON (ACCOUNTANT): $163,923 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Federated telephone provides the best communications services at a fair price; employing modern technology and up-to-date services; offering people choices to be successful and enhance their quality of life.

What it reported doing in 2022

Through technology leadership, smart growth, and community engagement, our cooperative demonstrates extraordinary focus to positively transform those we serve, our 4,899 members. Federated empowers our members, employees and communities through exceptional services and life changing technology solutions for a sustainable future.

Operating model

Revenue model
Earned-program. 94% 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: 82
  • Accountability: 91
  • Sustainability: 82
  • Growth: NotEnoughData

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; 63rd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • 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: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 28.1%; rating input score 89; 89th percentile among comparable filings
  • Total-asset coverage ratio: 5.95; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: 0.24; rating input score 56; 56th percentile among comparable filings
  • Officer compensation ratio: 2.9%; rating input score 66; 66th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 7 of 7 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $318K · 12 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $3M reported
  • Consistency: 12 of 12 current checks pass
  • Schedules: 4 filed schedules · includes executive pay
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • 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.

Key Signals

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

  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Review — Sustainability: Liabilities to assets ratio scored 56/100.