Peoples Rural Telephone Cooperative Corporation
Nonprofit profile at a glance
- EIN
- 610461840
- IRS 990 coverage
- 2019–2024
- Forms available
- Form 990 2024
- Location
- Mckee, KY, USA
- Phone
- 6062877101
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $22,903,552
- Expenses
- $22,903,552
- Assets
- $106,198,891
- Liabilities
- $19,677,015
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- WENDELL GABBARD (VICE PRESIDENT)
- KENDELL NORRIS (PRESIDENT)
- KEITH GABBARD (CEO)
Highest reported compensation
- KEITH GABBARD (CEO): $215,301 total reported compensation
- JASON LAMB (SOFTWARE ENGINEER/IT): $200,708 total reported compensation
- MICHAEL STIDHAM (OPERATIONS MGR): $189,556 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide telephone service to member owners on a patronage basis. Serve an average of approximately 4,068 customers on a monthly basis.
What it reported doing in 2024
Provide telephone service to member owners on a patronage basis. Serve an average of approximately 6,300 customers on a monthly basis
Operating model
- Revenue model
- Earned-program. 83% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 84% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 60
- Accountability: 91
- Sustainability: 52
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- 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: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0%; rating input score 31; 31st percentile among comparable filings
- Total-asset coverage ratio: 4.64; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 0.19; rating input score 61; 61st percentile among comparable filings
- Officer compensation ratio: 4.9%; rating input score 51; 51st percentile among comparable filings
Growth
- Program expense growth: -3.3% per year; rating input score 0; 5th percentile among comparable filings
- Revenue growth: -3.6% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: 2.9% per year; rating input score 100; 22nd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 8 of 8 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $22.9M in reported program spending
- Leadership: top reported pay $215K · 13 people listed · 0 of 6 pay-setting controls reported
- Consistency: 24 of 24 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 6 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 13 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.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 31/100.
- Review — Sustainability: Officer compensation ratio scored 51/100.