Mid Century Telephone Co-operative

Nonprofit profile at a glance

EIN
370696003
IRS 990 coverage
2016–2023
Forms available
Form 990 2023
Location
Fairview, IL, USA
Phone
3097788611
Rating confidence
Limited

Official website

Reported finances

Revenue
$13,206,738
Expenses
$12,472,206
Assets
$77,990,906
Liabilities
$45,928,128

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • MICHAEL GRAY (PRESIDENT)
  • DONNA CECIL (VICE PRESIDENT)
  • JAMES BROEMMER (CEO)

Highest reported compensation

  • AARON BUCK (DIRECTOR OF OPERATIONS): $124,206 total reported compensation
  • SHEILA BLOUT (DIRECTOR): $7,025 total reported compensation
  • MICHAEL GRAY (PRESIDENT): $6,525 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To enhance the value provided to members, customers and our communities by creatively and intensely searching for growth opportunities within the communications industry, which will allow us to provide competitive communications services to our members, customers and communities.

What it reported doing in 2023

Mid century telephone co-operative continues to provide basic phone services and high speed internet access, specifically focusing on supplying fiber optic internet services to the homes and businesses, in addition to supplying other various communication services.

Operating model

Revenue model
Earned-program. 81% 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: 100
  • Accountability: 91
  • Sustainability: 66
  • Growth: 60

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: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Yes; rating input score 100

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: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • 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: 5.6%; rating input score 58; 58th percentile among comparable filings
  • Total-asset coverage ratio: 6.25; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: 0.59; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 1.3%; rating input score 83; 83rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 5.7% per year; rating input score 100; 51st percentile among comparable filings
  • Asset growth: 19.8% per year; rating input score 100; 88th 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 $124K · 10 people listed
  • Highest-paid contractors: 3 contractors listed · $2.3M reported
  • Consistency: 12 of 12 current checks pass
  • Schedules: 3 filed schedules · includes related organizations
  • Filing history: 7 filing years from 2016 to 2023
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • 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: Operating margin scored 58/100.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.