Civic Intelligence

Valley Telecommunications Coop Assoc Inc Veba Trust C/O First National Bank

990 • Fiscal year 2021 • EIN 20-8631051

Jan 01, 2021 to Dec 31, 2021 • Filed on Mar 08, 2022

100 S Phillips AvenueSioux Falls, SD 57104

(605) 437-2615

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

43rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

45th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2021

Net Margin

14th percentile

-23%

Higher net margin than 14% of similar nonprofits.

2021 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)9 • $1M-$5M nonprofits • Source year 2021

Asset Growth

30th percentile

-2.5%

Faster asset growth than 30% of similar nonprofits.

2021 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

88th percentile

46%

Faster revenue growth than 88% of similar nonprofits.

2021 filings • 501(c)9 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$1,320,476

Down $34,088 (-2.5%) from 2020

Net Assets

Down

$1,320,476

Down $34,088 (-2.5%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Up

$145,187

Up $46,057 (+46%) from 2020

Expenses

Up

$179,275

Up $157,154 (+710%) from 2020

Net Income

Down

-$34,088

Down $111,097 (-144%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2010: $862,500Liabilities 2010: $0Net Assets 2010: $862,5002010Assets 2011: $933,875Liabilities 2011: $0Net Assets 2011: $933,8752011Assets 2012: $1,013,875Liabilities 2012: $0Net Assets 2012: $1,013,8752012Assets 2013: $1,061,875Liabilities 2013: $0Net Assets 2013: $1,061,8752013Assets 2014: $1,061,875Liabilities 2014: $0Net Assets 2014: $1,061,8752014Assets 2015: $1,246,290Liabilities 2015: $0Net Assets 2015: $1,246,2902015Assets 2016: $1,173,965Liabilities 2016: $0Net Assets 2016: $1,173,9652016Assets 2017: $1,178,332Liabilities 2017: $0Net Assets 2017: $1,178,3322017Assets 2018: $1,234,278Liabilities 2018: $0Net Assets 2018: $1,234,2782018Assets 2019: $1,277,555Liabilities 2019: $0Net Assets 2019: $1,277,5552019Assets 2020: $1,354,564Liabilities 2020: $0Net Assets 2020: $1,354,5642020Assets 2021: $1,320,476Liabilities 2021: $0Net Assets 2021: $1,320,4762021Assets 2022: $1,234,696Liabilities 2022: $0Net Assets 2022: $1,234,6962022Assets 2023: $1,305,915Liabilities 2023: $0Net Assets 2023: $1,305,9152023Assets 2024: $1,252,987Liabilities 2024: $0Net Assets 2024: $1,252,9872024Assets 2025: $1,235,323Liabilities 2025: $0Net Assets 2025: $1,235,3232025

Highlighted filing

2021

Assets$1,320,476
Liabilities$0
Net Assets$1,320,476

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$100K$0-$100KExpenses 2010: $02010Expenses 2011: $02011Revenue 2012: $80,000Expenses 2012: $0Net Income 2012: $80,0002012Revenue 2013: $48,000Expenses 2013: $0Net Income 2013: $48,0002013Revenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $47,175Expenses 2015: $57,002Net Income 2015: -$9,8272015Revenue 2016: -$20,999Expenses 2016: $51,326Net Income 2016: -$72,3252016Revenue 2017: $53,227Expenses 2017: $48,860Net Income 2017: $4,3672017Revenue 2018: $113,051Expenses 2018: $57,105Net Income 2018: $55,9462018Revenue 2019: $52,350Expenses 2019: $9,073Net Income 2019: $43,2772019Revenue 2020: $99,130Expenses 2020: $22,121Net Income 2020: $77,0092020Revenue 2021: $145,187Expenses 2021: $179,275Net Income 2021: -$34,0882021Revenue 2022: $56,182Expenses 2022: $141,962Net Income 2022: -$85,7802022Revenue 2023: $83,467Expenses 2023: $12,248Net Income 2023: $71,2192023Revenue 2024: $104,812Expenses 2024: $157,740Net Income 2024: -$52,9282024Revenue 2025: $134,985Expenses 2025: $152,649Net Income 2025: -$17,6642025

Highlighted filing

2021

Revenue$145,187
Expenses$179,275
Net Income-$34,088
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 8, 2022
Return Version
2021v4.1
Gross Receipts
$164,576
Mission and Program Overview

Mission

A trust to fund medical expense for such covered persons who elect to participate in the plan.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,354,564$1,320,476▼ $34,088
Rtn Earn Endowment Incm Other Fnds$1,354,564$1,320,476▼ $34,088
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,354,564$1,320,476▼ $34,088
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,354,564$1,320,476▼ $34,088
Total Liabilities and Net Assets / Fund Balance$1,354,564$1,320,476▼ $34,088
Compensation and Service Providers

Board Members and Trustees

NameTitle
-Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$145,187
Other Revenue
$0
Change in Net Assets
$-34,088
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$45,994
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$133,281
Other Expenses---$33,006
Fees for Service Investment Mgmnt Fees---$12,988
Total Functional Expenses$0$0$0$179,275
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8A

NO MEETINGS WERE HELD.

Form 990, Part VI, Section A, Line 8B

THERE ARE NO COMMITTEES.

Form 990, Part VI, Section B, Line 11B

The trustee reviews form 990 prior to filing.

Form 990, Part VI, Section C, Line 19

The governing documents and financial statements are not available to the general public.

Filing and Contact Details

Filer

Filer Name
Valley Telecommunications Coop Assoc
EIN
20-8631051
Phone
6054372615
Address
100 S PHILLIPS AVENUE, SIOUX FALLS, SD 57104

Signing Officer

Name
Kimball James
Title
Trustee
Phone
6053355262
Signed
2022-03-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kimball James
Formed
2007
Legal Domicile
Sd
Voting Board Members
1
Independent Board Members
1
Employees
0
Volunteers
0

Preparer

Firm
Eide Bailly Llp
Address
200 E 10TH ST STE 500, SIOUX FALLS, SD 57104-6375
Preparer
Laurie Hanson CPA
Phone
6053391999
Raw XML Appendix265 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/BooksInCareOfDetail/PhoneNum06054372615
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IRS990/DecisionsSubjectToApprovaInd00
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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0135168
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt0135168
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01354564
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01320476
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0SD
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt019389
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd00
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IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01354564
IRS990/NetAssetsOrFundBalancesEOYAmt01320476
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt010019
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IRS990/NetUnrelatedBusTxblIncmAmt0131199
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
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IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0UNRELATED BUSINESS INCO
IRS990/OtherExpensesGrp/TotalAmt033006
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
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IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0KIMBALL JAMES
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt099130
IRS990/PYOtherExpensesAmt022121
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt077009
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt022121
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt099130
IRS990/ReconcilationRevenueExpnssAmt0-34088
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01354564
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IRS990/ScheduleBRequiredInd00
IRS990/ScheduleJRequiredInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE TRUSTEE REVIEWS FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE GENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8A
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IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0HERREID
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IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
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IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
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IRS990/SchoolOperatingInd00
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0179275
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IRS990/TotalVolunteersCnt00
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02022-03-08
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ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC VEBA TRUST C/O FIRST NATIONAL BANK
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ReturnHeader/Filer/EIN0208631051
ReturnHeader/Filer/PhoneNum06054372615
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0SD
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0450250958
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0200 E 10TH ST STE 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SIOUX FALLS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0571046375
ReturnHeader/PreparerPersonGrp/PhoneNum06053391999
ReturnHeader/PreparerPersonGrp/PreparationDt02022-03-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LAURIE HANSON CPA
ReturnHeader/ReturnTs02022-03-10T14:27:35-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KIMBALL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0JAMES
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.24$0.00$1.24$0.13$0.15$0.02
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.25$0.00$1.25$0.10$0.16$0.05
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.31$0.00$1.31$0.08$0.01$0.07
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.23$0.00$1.23$0.06$0.14$0.09
2021Detailed filing. Detailed filing data is available for this year.$1.32$0.00$1.32$0.15$0.18$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.35$0.00$1.35$0.10$0.02$0.08
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.28$0.00$1.28$0.05$0.01$0.04
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.00$1.23$0.11$0.06$0.06
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.18$0.00$1.18$0.05$0.05$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$0.00$1.17$0.02$0.05$0.07
2015Detailed filing. Detailed filing data is available for this year.$1.25$0.00$1.25$0.05$0.06$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$0.00$0.00$0.00
2013Detailed filing. Detailed filing data is available for this year.$1.06$0.00$1.06$0.05$0.00$0.05
2012Summary only. Only limited summary data is available for this year.$1.01$0.00$1.01$0.08$0.00$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.93$0.00$0.93$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.86$0.00$0.86$0.00