Civic Intelligence

Vernon Communications Cooperative Inc

990 • Fiscal year 2010 • EIN 39-0838123

Jan 01, 2010 to Dec 31, 2010 • Filed on Oct 10, 2011

PO Box 2054667
Siviq Scores

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

Liabilities / Assets

92nd percentile

0.78x

Higher debt load relative to assets than 92% of similar nonprofits.

2010 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

$21,854,818

No earlier filing loaded for comparison.

Net Assets

$4,824,014

No earlier filing loaded for comparison.

Liabilities

$17,030,804

No earlier filing loaded for comparison.

Revenue

-

No earlier filing loaded for comparison.

Expenses

$10,693,795

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2010: $21,854,818Liabilities 2010: $17,030,804Net Assets 2010: $4,824,0142010Assets 2011: $21,031,135Liabilities 2011: $13,421,705Net Assets 2011: $7,609,4302011Assets 2012: $23,917,980Liabilities 2012: $14,190,818Net Assets 2012: $9,727,1622012Assets 2013: $28,828,580Liabilities 2013: $18,063,582Net Assets 2013: $10,764,9982013Assets 2014: $33,927,178Liabilities 2014: $21,799,859Net Assets 2014: $12,127,3192014Assets 2015: $37,192,271Liabilities 2015: $24,690,876Net Assets 2015: $12,501,3952015Assets 2016: $39,274,855Liabilities 2016: $25,407,652Net Assets 2016: $13,867,2032016Assets 2017: $40,797,451Liabilities 2017: $24,955,873Net Assets 2017: $15,841,5782017Assets 2018: $41,345,780Liabilities 2018: $23,323,813Net Assets 2018: $18,021,9672018Assets 2019: $42,129,602Liabilities 2019: $21,995,234Net Assets 2019: $20,134,3682019Assets 2020: $43,721,607Liabilities 2020: $21,096,784Net Assets 2020: $22,624,8232020Assets 2021: $43,756,692Liabilities 2021: $19,417,330Net Assets 2021: $24,339,3622021Assets 2022: $51,606,400Liabilities 2022: $26,375,496Net Assets 2022: $25,230,9042022Assets 2023: $58,969,488Liabilities 2023: $30,490,087Net Assets 2023: $28,479,4012023Assets 2024: $65,007,201Liabilities 2024: $32,761,513Net Assets 2024: $32,245,6882024

Highlighted filing

2010

Assets$21,854,818
Liabilities$17,030,804
Net Assets$4,824,014

Operations Trend

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

$30M$20M$10M$0-$10MExpenses 2010: $10,693,7952010Expenses 2011: $10,882,1562011Expenses 2012: $13,055,5342012Revenue 2013: $12,353,746Expenses 2013: $11,065,658Net Income 2013: $1,288,0882013Revenue 2014: $13,905,964Expenses 2014: $12,231,699Net Income 2014: $1,674,2652014Revenue 2015: $14,378,299Expenses 2015: $13,454,439Net Income 2015: $923,8602015Revenue 2016: $15,775,449Expenses 2016: $14,134,876Net Income 2016: $1,640,5732016Revenue 2017: $17,331,772Expenses 2017: $15,205,813Net Income 2017: $2,125,9592017Revenue 2018: $18,608,539Expenses 2018: $16,066,213Net Income 2018: $2,542,3262018Revenue 2019: $17,949,077Expenses 2019: $18,010,585Net Income 2019: -$61,5082019Revenue 2020: $18,824,694Expenses 2020: $17,470,535Net Income 2020: $1,354,1592020Revenue 2021: $18,296,533Expenses 2021: $17,342,968Net Income 2021: $953,5652021Revenue 2022: $18,047,667Expenses 2022: $17,984,015Net Income 2022: $63,6522022Revenue 2023: $19,299,347Expenses 2023: $17,958,695Net Income 2023: $1,340,6522023Revenue 2024: $20,955,181Expenses 2024: $19,424,932Net Income 2024: $1,530,2492024

Highlighted filing

2010

Revenue-
Expenses$10,693,795
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2010 to Dec 31, 2010
Signed
Oct 10, 2011
Return Version
2010v3.2
Gross Receipts
$11,088,054
Mission and Program Overview

Mission

See schedule o for full mission statement.

Filing and Contact Details

Filer

EIN
39-0838123
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IRS990ScheduleO/GeneralExplanation/Explanation0TO OUR MEMBERS:CONSISTENT WITH OUR PROUD TRADITION, VERNON TELEPHONE COOPERATIVE'S MISSION IS TO PROVIDE ITS MEMBERS WITH THE LATEST TECHNOLOGY AVAILABLE, AT AN AFFORDABLE COST, WHILE PROVIDING THEM WITH EXCEPTIONAL CUSTOMER SERVICE.TO PROVIDE TELECOMMUNICATIONS SOLUTIONS THAT EXCEEDS OUR MEMBER'S EXPECTATIONS.TO OUR EMPLOYEES:TO PROVIDE A SAFE AND HEALTHY, TEAM ORIENTED WORK ENVIRONMENT WHICH MOTIVATES US TO SERVE OUR MEMBERS WITH EXCEPTIONAL SERVICE, BRING PERSONAL AND CAREER GROWTH, CULTIVATES MUTUAL RESPECT AND SATISFACTION THAT BENEFIT ALL EMPLOYEES AND THEIR FAMILIES.TO OUR INDUSTRY:TO PROVIDE COOPERATION, LEADERSHIP AND SUPPORT THAT RESULTS IN THE PROLIFERATION AND SUCCESS OF THE TELECOMMUNICATIONS INDUSTRY AND THE COOPERATIVE BUSINESS MODEL.TO OUR COMMUNITIES:THAT WE HAVE A RESPONSIBILITY TO THE COMMUNITIES IN WHICH WE SERVE TO BE GOOD CORPORATE CITIZENS, AND TAKE AN ACTIVE ROLE IN THE EFFORTS TO IMPROVE OUR COMMUNITIES, THAT WE HAVE RESPONSIBILITY TO UPHOLD THE HIGHEST LEVEL OF INTEGRITY AND BE OPEN, HONEST, CONSISTENT, AND RESPECTFUL IN OUR DEALINGS WITH OTHERS.
IRS990ScheduleO/GeneralExplanation/Explanation1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE UPON FORMAL REQUEST SUBMITTED TO THE BOARD.
IRS990ScheduleO/GeneralExplanation/Explanation2THE POWER, DUTIES, AND COMPENSATION OF OFFICERS, AGENTS, AND EMPLOYEES SHALL BE FIXED BY THE BOARD, SUBJECT TO THE PROVISIONS OF THESE BY-LAWS WITH RESPECT TO COMPENSATION FOR DIRECTORS AND CLOSE RELATIVES OF DIRECTORS.
IRS990ScheduleO/GeneralExplanation/Explanation3VERNON TELEPHONE COOPERATIVE HAS A CONFLICT OF INTEREST POLICY IN PLACE AS OF OCTOBER 13, 2009. THE PURPOSE OF THIS POLICY IS TO HELP INFORM THE BOARD ABOUT WHAT CONSTITUTES A CONFLICT OF INTEREST, ASSIST THE BOARD IN IDENTIFYING AND DISCLOSING ACTUAL AND POTENTIAL CONFLICTS, AND HELP ENSURE THE AVOIDANCE OF CONFLICTS OF INTEREST WHERE NECESSARY.
IRS990ScheduleO/GeneralExplanation/Explanation4THE PROCESS USED BY THE ORGANIZATION TO REVIEW FORM 990 OCCURS ANNUALLY, AT A BOARD MEETING, WHEN THE ENTIRE BOARD WILL REVIEW THE RETURN AND DISCUSS.
IRS990ScheduleO/GeneralExplanation/Explanation5COOPERATIVE HAS MEMBERS WHICH ELECT THE BOARD OF DIRECTORS. PER THE BY-LAWS OF THE COOPERATIVE, THERE ARE CERTAIN TRANSACTIONS WHICH MAY REQUIRE A MEMBER VOTE.
IRS990ScheduleO/GeneralExplanation/Explanation6DIRECTORS RALPH HENDRICKSON, JIM MATTHEWS, AND MARTY STENSLIEN HAVE INDICATED THAT THEY HAVE BUSINESS RELATIONSHIPS WITH FELLOW DIRECTORS THROUGH CATTLE FARMING AND HAULING.
IRS990ScheduleO/GeneralExplanation/Identifier0Form 990, Part VI, Line 19
IRS990ScheduleO/GeneralExplanation/Identifier1Form 990, Part VI, Line 15b
IRS990ScheduleO/GeneralExplanation/Identifier2Form 990, Part VI, Line 12c
IRS990ScheduleO/GeneralExplanation/Identifier3Form 990, Part VI, Line 11
IRS990ScheduleO/GeneralExplanation/Identifier4Form 990, Part VI, Line 6
IRS990ScheduleO/GeneralExplanation/Identifier5Form 990, Part VI, Line 2
IRS990ScheduleO/GeneralExplanation/ReturnReference0MISSION STATEMENT
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part VI, Line 11: Form 990 Review Process
IRS990ScheduleO/GeneralExplanation/ReturnReference5Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/GeneralExplanation/ReturnReference6Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990/ScheduleORequired0true
IRS990ScheduleR/ExchangeOfAssets0false
IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/AddressLine10103 N Main Street PO Box 20
IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/City0Westby
IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/State0WI
IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/ZIPCode054667
IRS990ScheduleR/Form990ScheduleRPartI/DirectControllingEntityName/BusinessNameLine10Vernon Telephone Cooperative Inc
IRS990ScheduleR/Form990ScheduleRPartI/EIN0390838123
IRS990ScheduleR/Form990ScheduleRPartI/EOYAssets07113754

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$65.0$32.8$32.2$21.0$19.4$1.53
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$59.0$30.5$28.5$19.3$18.0$1.34
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.6$26.4$25.2$18.0$18.0$0.06
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.8$19.4$24.3$18.3$17.3$0.95
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$43.7$21.1$22.6$18.8$17.5$1.35
2019Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$42.1$22.0$20.1$17.9$18.0$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$41.3$23.3$18.0$18.6$16.1$2.54
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$40.8$25.0$15.8$17.3$15.2$2.13
2016Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$39.3$25.4$13.9$15.8$14.1$1.64
2015Summary only. Only limited summary data is available for this year.$37.2$24.7$12.5$14.4$13.5$0.92
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$33.9$21.8$12.1$13.9$12.2$1.67
2013Detailed filing. Detailed filing data is available for this year.$28.8$18.1$10.8$12.4$11.1$1.29
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.9$14.2$9.73$13.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.0$13.4$7.61$10.9
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.9$17.0$4.82$10.7
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