Webster Broadband Cooperative

Nonprofit profile at a glance

EIN
473153514
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024
Location
Dexter, MI, USA
Phone
3132882413
Rating
36
Verdict
REVIEW
Rating confidence
Moderate
Sector
Local Benevolent Life Insurance Associations

Official website

Reported finances

Revenue
$80,635
Expenses
$96,337
Assets
$89,318
Liabilities
$6

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Chris Leonello (President)

People named in this filing

  • Chris Leonello (President)
  • Tanya Leonello (Treasurer)
  • Stratos Kotzabassi (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Webster Broadband provides internet connectivity for approximately 130 members in North Central Webster Township, Michigan, who would otherwise not have reliable, affordable internet access.

What it reported doing in 2024

During the 2023 calendar year, Webster Broadband Cooperative continued to provide internet service to approximately 130 local member residents of north central Webster Township. Members are in areas of the township which are not served with internet access by local cable or telephone companies. Furthermore, cellular and satellite reception is often inadequate because of the hilly wooded terrain surrounding many of the residents. Webster Broadband Cooperative has provided these residents affordable, reliable internet service to enable working from home, completing school assignments, remote learning, online banking, interacting with their health care providers and accessing news and entertainment among other things. Our 130 members would be disconnected from modern life without Webster Broadband Cooperative.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Sustainability: 28
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -19.5%; rating input score 23; 23rd percentile among comparable filings
  • Total-asset coverage ratio: 0.93; rating input score 44; 44th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 36; 36th percentile among comparable filings
  • Officer compensation ratio: 58.6%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: 34.3% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: -2.8% per year; rating input score 0; 41st percentile among comparable filings
  • Asset growth: -0.8% per year; rating input score 0; 35th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 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.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 23/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 36/100.