Keystone Farmers Cooperative Telephone Company
Nonprofit profile at a glance
- EIN
- 420750433
- IRS 990 coverage
- 2019–2023
- Forms available
- Form 990 2023
- Location
- Keystone, IA, USA
- Phone
- 3194423241
- Rating confidence
- Limited
Reported finances
- Revenue
- $2,593,087
- Expenses
- $2,321,969
- Assets
- $10,034,949
- Liabilities
- $2,411,368
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
9 people listed
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide telecommunications services to its members
What it reported doing in 2023
The cooperative provides quality telecommunications services to its member subscribers. These services include local exchange service, toll service, internet service, video service, installation and maintenance of customer premise wiring and other miscellaneous services for quality telecommunications service.
Operating model
- Revenue model
- Other-operating. 95% of the money available for current operations came from other operating 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: 90
- Accountability: 91
- Sustainability: 64
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90%; rating input score 90; 4th percentile among comparable filings
- Pay-setting controls: Limited
- 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; 64th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- 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: 10.5%; rating input score 65; 65th percentile among comparable filings
- Total-asset coverage ratio: 4.32; rating input score 82; 82nd percentile among comparable filings
- Liabilities to assets ratio: 0.24; rating input score 41; 41st percentile among comparable filings
- Officer compensation ratio: 7.1%; rating input score 39; 39th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 4.5% per year; rating input score 100; 40th percentile among comparable filings
- Asset growth: 1.5% per year; rating input score 100; 18th percentile among comparable filings
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 $107K · 9 people listed
- Consistency: 11 of 12 current checks pass · 1 finding to review
- Schedules: 3 filed schedules
- Filing history: 4 filing years from 2019 to 2023
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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 — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Officer compensation ratio scored 39/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 41/100.