Civic Intelligence

Runestone Telephone Association

990 • Fiscal year 2016 • EIN 41-0733426

Jan 01, 2016 to Dec 31, 2016 • Filed on May 16, 2017

PO Box 336Hoffman, MN 56339-0336

(320) 986-2013

Siviq Scores

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

Liabilities / Assets

16th percentile

0.06x

Higher debt load relative to assets than 16% of similar nonprofits.

2016 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

15th percentile

0.19x

Higher debt load relative to revenue than 15% of similar nonprofits.

2016 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2016

Net Margin

62nd percentile

9.9%

Higher net margin than 62% of similar nonprofits.

2016 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

91st percentile

$224,131

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 3.2% of source-year revenue.

2016 filings • 501(c)12 • $10M-$25M nonprofits • Source year 2016

Asset Growth

77th percentile

6.5%

Faster asset growth than 77% of similar nonprofits.

2016 filings • 501(c)12 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

52nd percentile

4.2%

Faster revenue growth than 52% of similar nonprofits.

2016 filings • 501(c)12 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Up

$20,119,701

Up $1,219,575 (+6.5%) from 2015

Net Assets

Up

$18,816,553

Up $1,321,510 (+7.6%) from 2015

Liabilities

Down

$1,303,148

Down $101,935 (-7.3%) from 2015

Revenue

Up

$6,981,600

Up $279,943 (+4.2%) from 2015

Expenses

Down

$6,293,294

Down $148,025 (-2.3%) from 2015

Net Income

Up

$688,306

Up $427,968 (+164%) from 2015

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2011: $17,800,293Liabilities 2011: $1,040,199Net Assets 2011: $16,760,0942011Assets 2012: $17,768,453Liabilities 2012: $738,387Net Assets 2012: $17,030,0662012Assets 2013: $18,041,047Liabilities 2013: $769,214Net Assets 2013: $17,271,8332013Assets 2014: $17,934,256Liabilities 2014: $900,501Net Assets 2014: $17,033,7552014Assets 2015: $18,900,126Liabilities 2015: $1,405,083Net Assets 2015: $17,495,0432015Assets 2016: $20,119,701Liabilities 2016: $1,303,148Net Assets 2016: $18,816,5532016Assets 2017: $21,441,210Liabilities 2017: $1,295,382Net Assets 2017: $20,145,8282017Assets 2018: $22,339,066Liabilities 2018: $1,326,911Net Assets 2018: $21,012,1552018Assets 2019: $26,137,925Liabilities 2019: $1,264,649Net Assets 2019: $24,873,2762019Assets 2020: $29,399,452Liabilities 2020: $1,475,328Net Assets 2020: $27,924,1242020Assets 2021: $32,214,901Liabilities 2021: $1,400,359Net Assets 2021: $30,814,5422021Assets 2022: $33,594,503Liabilities 2022: $1,487,918Net Assets 2022: $32,106,5852022Assets 2023: $37,028,271Liabilities 2023: $1,741,831Net Assets 2023: $35,286,4402023Assets 2024: $40,230,575Liabilities 2024: $1,772,662Net Assets 2024: $38,457,9132024

Highlighted filing

2016

Assets$20,119,701
Liabilities$1,303,148
Net Assets$18,816,553

Operations Trend

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

$15M$10M$5.0M$0Revenue 2011: $6,671,391Expenses 2011: $5,747,196Net Income 2011: $924,1952011Expenses 2012: $6,146,2812012Revenue 2013: $6,488,700Expenses 2013: $6,104,083Net Income 2013: $384,6172013Revenue 2014: $6,500,274Expenses 2014: $5,923,517Net Income 2014: $576,7572014Revenue 2015: $6,701,657Expenses 2015: $6,441,319Net Income 2015: $260,3382015Revenue 2016: $6,981,600Expenses 2016: $6,293,294Net Income 2016: $688,3062016Revenue 2017: $7,203,399Expenses 2017: $6,199,690Net Income 2017: $1,003,7092017Revenue 2018: $7,803,875Expenses 2018: $7,554,588Net Income 2018: $249,2872018Revenue 2019: $10,869,301Expenses 2019: $7,877,834Net Income 2019: $2,991,4672019Revenue 2020: $11,079,391Expenses 2020: $9,133,723Net Income 2020: $1,945,6682020Revenue 2021: $11,495,965Expenses 2021: $10,585,142Net Income 2021: $910,8232021Revenue 2022: $11,787,535Expenses 2022: $8,299,942Net Income 2022: $3,487,5932022Revenue 2023: $12,390,032Expenses 2023: $10,466,406Net Income 2023: $1,923,6262023Revenue 2024: $12,994,737Expenses 2024: $10,804,764Net Income 2024: $2,189,9732024

Highlighted filing

2016

Revenue$6,981,600
Expenses$6,293,294
Net Income$688,306
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 16, 2017
Return Version
2016v3.0
Gross Receipts
$6,981,600
Mission and Program Overview

Mission

Provide reliable telecommunication services to cooperative members at reasonable rates, while respecting employees and customers.

Provide reliable telecommunication services to cooperative members

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$14,835,883$15,232,018▲ $396,135
Land, Buildings, and Equipment, Net$11,500,049$12,990,801▲ $1,490,752
Rtn Earn Endowment Incm Other Fnds$2,659,160$3,584,535▲ $925,375
Savings and Temporary Cash Investments$2,566,136$3,303,999▲ $737,863
Investments Other Securities$688,310$785,806▲ $97,496
Accounts Receivable$444,141$489,564▲ $45,423
Intangible Assets$445,802$396,269▼ $49,533
Other Notes and Loans Receivable, Net$368,040$326,928▼ $41,112
Cash and Non-Interest-Bearing Accounts$521,278$310,727▼ $210,551
Prepaid Expenses and Deferred Charges$83,851$79,216▼ $4,635
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$18,900,126$20,119,701▲ $1,219,575
Other Assets Total$2,282,519$1,436,391▼ $846,128
Liabilities
Other Liabilities$654,208$698,599▲ $44,391
Accounts Payable and Accrued Expenses$750,875$544,810▼ $206,065
Deferred Revenue-$59,739-
Total Liabilities$1,405,083$1,303,148▼ $101,935
Net Assets / Fund Balance
Total Net Assets Fund Balance$17,495,043$18,816,553▲ $1,321,510
Total Liabilities and Net Assets / Fund Balance$18,900,126$20,119,701▲ $1,219,575

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,789,333$18,974,259$29,763,592
Buildings$2,145,517$1,168,850$3,314,367
Land$55,951-$55,951
Other Assets Org$24,709--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kent HedstromGeneral Manager/CEOFT$170,683$53,448$224,131
Jeanne MeidlOffice Manager/CFOFT$129,823$36,046$165,869
Clayton DrewsInternet ManagerFT$101,452$36,574$138,026
John KapphahnSecretary/treasurer-$12,180-$12,180
Robert LeegaardPresident-$12,180-$12,180
Jolene VipondDirector-$11,880-$11,880
Tory BelgumVice President-$11,880-$11,880
Richard StaplesDirector-$11,590-$11,590

Highest Paid Contractors

ContractorServicesLocationCompensation
Arvig CommunicationsPlowing Cable And Cable Tv Headend Servi150 2ND ST SW, Perham, MN 56573-1409$768,663
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,785,049
Investment Income
$57,120
Other Revenue
$139,431
Change in Net Assets
$688,306

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,981,600
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,981,600
Total Revenue per Form 990
$6,981,600
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,682,955
Salaries, Compensation, and Employee Benefits$523,450
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$1,232,568
Benefits to Members---$1,086,889
All Other Expenses---$1,080,131
Other Expenses---$632,426
Fees for Services Accounting---$293,624
Current Officers, Directors, Trustees, and Key Employees---$283,841
Pension Plan Contributions---$239,609
Advertising---$8,558
Fees for Services Legal---$1,740
Total Functional Expenses$0$0$0$6,293,294

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$6,293,294
Expenses per Audited Statements$5,206,405
Total Expenses per Audited Statements$5,206,405
Expenses Not Reported on Financial Statements$1,086,889
Other Expense Adjustments$1,086,889
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Post Retirement Healthcare$385,199
Deferred Liabilites$300,000
Customer Deposits$13,400
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The cooperative is member-owned, and each member has an equal voting right to elect the board of directors and approve significant changes to the cooperative's operations.

Form 990, Part VI, Section A, Line 7A

The cooperative's members each have one vote to authorize and elect new members of the board of directors.

Form 990, Part VI, Section A, Line 7B

Each member has the right to cast one vote to approve changes made to the articles and bylaws of the cooperative.

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

The 990 is presented and reviewed by the board of directors and then approved.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is monitored yearly after each annual meeting.

Form 990, Part VI, Section B, Line 15

Compensation is reviewed annually and any raises are discussed and approved by the board.

Form 990, Part VI, Section C, Line 19

The articles of incorporation, bylaws and current financial statements are available on our website.

Filing and Contact Details

Filer

Filer Name
Runestone Telephone Association
EIN
41-0733426
Phone
3209862013
Address
PO BOX 336, HOFFMAN, MN 56339-0336

Signing Officer

Name
John Kapphahn
Title
Secretary/treasurer
Phone
3209862013
Signed
2017-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kent Hedstrom
Formed
1949
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
23
Volunteers
0

Preparer

Firm
Olsen Thielen & Co Ltd
Address
2675 LONG LAKE ROAD, ST PAUL, MN 55113
Preparer
Allison L Boyd CPA
Phone
6514834521
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Customer operations 429,280. Plant support 195,430. Corporate operations 164,930. Long distance expense 144,915. Install & repair 59,578. Miscellaneous 48,984. Other taxes 37,014.

FORM 990, PART XI, LINE 9:

Estate capital credits retired -175,091. Retirement of patronage capital -255,645. Excise tax refunds 6,225. Allocation of 2016 margins reported on page 10, part ix, line 4 1,086,889. Other comprehensive loss -29,174.

FORM 990, PART XII, LINE 2C:

The process for committee oversight of the audit has not changed from the previous year.

Financial Statement Notes

PART X, LINE 2:

Asc 740 disclosure from audited financial statements: the company reviews income tax positions taken or expected to be taken in income tax returns to determine if there are any income tax uncertainties. The company recognizes tax benefits from uncertain tax positions only if it is more likely than not that the tax positions will be sustained on examination by taxing authorities, based on the technical merits of the positions. The company has identified no significant income tax uncertainties.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Allocation of 2016 margins reported on page 10, part ix, line 4

Raw XML AppendixShowing 400 of 453 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.

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IRS990/OtherExpensesGrp/Desc2CATV EXPENSE
IRS990/OtherExpensesGrp/Desc3INTERNET EXPENSE
IRS990/OtherExpensesGrp/TotalAmt08375
IRS990/OtherExpensesGrp/TotalAmt1732120
IRS990/OtherExpensesGrp/TotalAmt2693413
IRS990/OtherExpensesGrp/TotalAmt3632426
IRS990/OtherLiabilitiesGrp/BOYAmt0654208
IRS990/OtherLiabilitiesGrp/EOYAmt0698599
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt043058
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt043058
IRS990/OtherRevenueTotalAmt043058
IRS990/OtherSourcesGrossIncomeAmt0493780
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0368040
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0326928
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt014835883
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt015232018
IRS990/PensionPlanContributionsGrp/TotalAmt0239609
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt083851
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt079216
IRS990/PrincipalOfficerNm0KENT HEDSTROM
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0517000
IRS990/ProgramServiceRevenueGrp/BusinessCd1517000
IRS990/ProgramServiceRevenueGrp/BusinessCd2541800
IRS990/ProgramServiceRevenueGrp/Desc0TELEPHONE SERVICES
IRS990/ProgramServiceRevenueGrp/Desc1PARTNERSHIP INCOME
IRS990/ProgramServiceRevenueGrp/Desc2ADVERTISING INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06561404
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1154996
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt260926
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06561404
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1154996
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt268649
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt07723
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt0820033
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt061327
IRS990/PYOtherExpensesAmt04970866
IRS990/PYOtherRevenueAmt0130760
IRS990/PYProgramServiceRevenueAmt06509570
IRS990/PYRevenuesLessExpensesAmt0260338
IRS990/PYSalariesCompEmpBnftPaidAmt0650420
IRS990/PYTotalExpensesAmt06441319
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06701657
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0688306
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt096373
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02659160
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt03584535
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02566136
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03303999
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02145517
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01168850
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03314367
IRS990ScheduleD/EquipmentGrp/BookValueAmt010789333
IRS990ScheduleD/EquipmentGrp/DepreciationAmt018974259
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt029763592
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt01086889
IRS990ScheduleD/ExpensesSubtotalAmt05206405
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt055951
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt055951
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0680630
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1731052
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt224709
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0MATERIALS & SUPPLIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1PLANT UNDER CONSTRUCTION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OTHER ASSETS
IRS990ScheduleD/OtherExpensesNotIncludedAmt01086889
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0385199
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt113400
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2300000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0POST RETIREMENT HEALTHCARE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CUSTOMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED LIABILITES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06981600
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ASC 740 DISCLOSURE FROM AUDITED FINANCIAL STATEMENTS: THE COMPANY REVIEWS INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN INCOME TAX RETURNS TO DETERMINE IF THERE ARE ANY INCOME TAX UNCERTAINTIES. THE COMPANY RECOGNIZES TAX BENEFITS FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITIONS. THE COMPANY HAS IDENTIFIED NO SIGNIFICANT INCOME TAX UNCERTAINTIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ALLOCATION OF 2016 MARGINS REPORTED ON PAGE 10, PART IX, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012990801
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01436391
IRS990ScheduleD/TotalExpensesPerForm990Amt06293294
IRS990ScheduleD/TotalLiabilityAmt0698599
IRS990ScheduleD/TotalRevenuePerForm990Amt06981600
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06981600
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05206405
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0170683
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1129823
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt026750
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt120314
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt026698
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt115732
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0KENT HEDSTROM
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JEANNE MEIDL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0GENERAL MANAGER/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1OFFICE MANAGER/CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0224131
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1165869
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE COOPERATIVE IS MEMBER-OWNED, AND EACH MEMBER HAS AN EQUAL VOTING RIGHT TO ELECT THE BOARD OF DIRECTORS AND APPROVE SIGNIFICANT CHANGES TO THE COOPERATIVE'S OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COOPERATIVE'S MEMBERS EACH HAVE ONE VOTE TO AUTHORIZE AND ELECT NEW MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH MEMBER HAS THE RIGHT TO CAST ONE VOTE TO APPROVE CHANGES MADE TO THE ARTICLES AND BYLAWS OF THE COOPERATIVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 IS PRESENTED AND REVIEWED BY THE BOARD OF DIRECTORS AND THEN APPROVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CONFLICT OF INTEREST POLICY IS MONITORED YEARLY AFTER EACH ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION IS REVIEWED ANNUALLY AND ANY RAISES ARE DISCUSSED AND APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ARTICLES OF INCORPORATION, BYLAWS AND CURRENT FINANCIAL STATEMENTS ARE AVAILABLE ON OUR WEBSITE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7CUSTOMER OPERATIONS 429,280. PLANT SUPPORT 195,430. CORPORATE OPERATIONS 164,930. LONG DISTANCE EXPENSE 144,915. INSTALL & REPAIR 59,578. MISCELLANEOUS 48,984. OTHER TAXES 37,014.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8ESTATE CAPITAL CREDITS RETIRED -175,091. RETIREMENT OF PATRONAGE CAPITAL -255,645. EXCISE TAX REFUNDS 6,225. ALLOCATION OF 2016 MARGINS REPORTED ON PAGE 10, PART IX, LINE 4 1,086,889. OTHER COMPREHENSIVE LOSS -29,174.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE PROCESS FOR COMMITTEE OVERSIGHT OF THE AUDIT HAS NOT CHANGED FROM THE PREVIOUS YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt018900126
IRS990/TotalAssetsEOYAmt020119701
IRS990/TotalAssetsGrp/BOYAmt018900126
IRS990/TotalAssetsGrp/EOYAmt020119701
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt023
IRS990/TotalFunctionalExpensesGrp/TotalAmt06293294
IRS990/TotalGrossUBIAmt061730
IRS990/TotalLiabilitiesBOYAmt01405083
IRS990/TotalLiabilitiesEOYAmt01303148
IRS990/TotalLiabilitiesGrp/BOYAmt01405083
IRS990/TotalLiabilitiesGrp/EOYAmt01303148
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt017495043
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt018816553
IRS990/TotalOtherCompensationAmt0126068
IRS990/TotalProgramServiceRevenueAmt06785049
IRS990/TotalReportableCompFromOrgAmt0461668

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$40.2$1.77$38.5$13.0$10.8$2.19
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.0$1.74$35.3$12.4$10.5$1.92
2022Detailed filing. Detailed filing data is available for this year.$33.6$1.49$32.1$11.8$8.30$3.49
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.2$1.40$30.8$11.5$10.6$0.91
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.4$1.48$27.9$11.1$9.13$1.95
2019Detailed filing. Detailed filing data is available for this year.$26.1$1.26$24.9$10.9$7.88$2.99
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.3$1.33$21.0$7.80$7.55$0.25
2017Detailed filing. Detailed filing data is available for this year.$21.4$1.30$20.1$7.20$6.20$1.00
2016Detailed filing. Detailed filing data is available for this year.$20.1$1.30$18.8$6.98$6.29$0.69
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.9$1.41$17.5$6.70$6.44$0.26
2014Detailed filing. Detailed filing data is available for this year.$17.9$0.90$17.0$6.50$5.92$0.58
2013Detailed filing. Detailed filing data is available for this year.$18.0$0.77$17.3$6.49$6.10$0.38
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.8$0.74$17.0$6.15
2011Summary only. Only limited summary data is available for this year.$17.8$1.04$16.8$6.67$5.75$0.92