Civic Intelligence

Kalona Cooperative Telephone Company

EIN 42-0650488 • 501(c)12 • Kalona, IA

Profile

To provide telecommunication services to its members.

510 B AvenueKalona, IA 52247

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

54th percentile

0.37x

Higher debt load relative to assets than 54% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

39th percentile

0.85x

Higher debt load relative to revenue than 39% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Source year 2024

Net Margin

27th percentile

1.5%

Higher net margin than 27% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

88th percentile

$222,932

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

501(c)12 • $10M-$25M nonprofits • Source year 2024

Asset Growth

63rd percentile

5.6%

Faster asset growth than 63% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

75th percentile

14%

Faster revenue growth than 75% of similar nonprofits.

501(c)12 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$21,817,769

Up $1,159,654 (+5.6%) from 2023

Liabilities

Down

$8,075,716

Down $579,909 (-6.7%) from 2023

Net Assets

Up

$13,742,053

Up $1,739,563 (+14%) from 2023

Revenue

Up

$9,502,391

Up $1,193,475 (+14%) from 2023

Expenses

Up

$9,364,268

Up $869,989 (+10%) from 2023

Net Income

Up

$138,123

Up $323,486 (+175%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2011: $13,787,918Liabilities 2011: $8,005,288Net Assets 2011: $5,782,6302011Assets 2012: $12,744,878Liabilities 2012: $7,174,867Net Assets 2012: $5,570,0112012Assets 2013: $13,292,569Liabilities 2013: $7,404,751Net Assets 2013: $5,887,8182013Assets 2014: $12,984,016Liabilities 2014: $6,800,427Net Assets 2014: $6,183,5892014Assets 2015: $12,934,512Liabilities 2015: $6,548,187Net Assets 2015: $6,386,3252015Assets 2016: $12,785,951Liabilities 2016: $6,246,307Net Assets 2016: $6,539,6442016Assets 2017: $13,109,754Liabilities 2017: $6,432,933Net Assets 2017: $6,676,8212017Assets 2018: $13,552,169Liabilities 2018: $6,557,620Net Assets 2018: $6,994,5492018Assets 2019: $13,743,089Liabilities 2019: $6,385,706Net Assets 2019: $7,357,3832019Assets 2020: $15,254,584Liabilities 2020: $6,563,160Net Assets 2020: $8,691,4242020Assets 2021: $16,733,268Liabilities 2021: $6,939,233Net Assets 2021: $9,794,0352021Assets 2022: $19,410,393Liabilities 2022: $8,412,104Net Assets 2022: $10,998,2892022Assets 2023: $20,658,115Liabilities 2023: $8,655,625Net Assets 2023: $12,002,4902023Assets 2024: $21,817,769Liabilities 2024: $8,075,716Net Assets 2024: $13,742,0532024

Highlighted filing

2024

Assets$21,817,769
Liabilities$8,075,716
Net Assets$13,742,053

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $4,216,227Expenses 2011: $4,190,891Net Income 2011: $25,3362011Revenue 2012: $4,108,307Expenses 2012: $4,267,960Net Income 2012: -$159,6532012Revenue 2013: $4,557,624Expenses 2013: $4,200,148Net Income 2013: $357,4762013Revenue 2014: $4,693,834Expenses 2014: $4,404,047Net Income 2014: $289,7872014Revenue 2015: $4,594,870Expenses 2015: $4,229,655Net Income 2015: $365,2152015Revenue 2016: $4,378,606Expenses 2016: $4,126,041Net Income 2016: $252,5652016Revenue 2017: $4,531,031Expenses 2017: $4,514,065Net Income 2017: $16,9662017Revenue 2018: $5,189,485Expenses 2018: $5,164,780Net Income 2018: $24,7052018Revenue 2019: $5,648,962Expenses 2019: $5,607,227Net Income 2019: $41,7352019Revenue 2020: $6,293,034Expenses 2020: $6,239,148Net Income 2020: $53,8862020Revenue 2021: $7,276,052Expenses 2021: $7,218,127Net Income 2021: $57,9252021Revenue 2022: $7,984,375Expenses 2022: $7,963,616Net Income 2022: $20,7592022Revenue 2023: $8,308,916Expenses 2023: $8,494,279Net Income 2023: -$185,3632023Revenue 2024: $9,502,391Expenses 2024: $9,364,268Net Income 2024: $138,1232024

Highlighted filing

2024

Revenue$9,502,391
Expenses$9,364,268
Net Income$138,123

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.8$8.08$13.7$9.50$9.36$0.14
2023Detailed filing. Detailed filing data is available for this year.$20.7$8.66$12.0$8.31$8.49$0.19
2022Detailed filing. Detailed filing data is available for this year.$19.4$8.41$11.0$7.98$7.96$0.02
2021Detailed filing. Detailed filing data is available for this year.$16.7$6.94$9.79$7.28$7.22$0.06
2020Detailed filing. Detailed filing data is available for this year.$15.3$6.56$8.69$6.29$6.24$0.05
2019Detailed filing. Detailed filing data is available for this year.$13.7$6.39$7.36$5.65$5.61$0.04
2018Detailed filing. Detailed filing data is available for this year.$13.6$6.56$6.99$5.19$5.16$0.02
2017Detailed filing. Detailed filing data is available for this year.$13.1$6.43$6.68$4.53$4.51$0.02
2016Detailed filing. Detailed filing data is available for this year.$12.8$6.25$6.54$4.38$4.13$0.25
2015Summary only. Only limited summary data is available for this year.$12.9$6.55$6.39$4.59$4.23$0.37
2014Summary only. Only limited summary data is available for this year.$13.0$6.80$6.18$4.69$4.40$0.29
2013Summary only. Only limited summary data is available for this year.$13.3$7.40$5.89$4.56$4.20$0.36
2012Summary only. Only limited summary data is available for this year.$12.7$7.17$5.57$4.11$4.27$0.16
2011Summary only. Only limited summary data is available for this year.$13.8$8.01$5.78$4.22$4.19$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 2, 2025
Return Version
2024v5.2
Gross Receipts
$9,508,353
Mission and Program Overview

Mission

To provide telecommunication services to its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$15,077,195$15,794,770▲ $717,575
Rtn Earn Endowment Incm Other Fnds$11,967,830$13,705,903▲ $1,738,073
Savings and Temporary Cash Investments$1,211,838$1,271,291▲ $59,453
Accounts Receivable$923,390$1,203,486▲ $280,096
Investments in Publicly Traded Securities$1,089,864$1,118,493▲ $28,629
Investments Program Related$644,620$782,090▲ $137,470
Inventories for Sale or Use$770,420$659,931▼ $110,489
Cash and Non-Interest-Bearing Accounts$544,663$632,317▲ $87,654
Prepaid Expenses and Deferred Charges$83,954$69,904▼ $14,050
Cap Stk Tr Prin Current Funds$34,660$36,150▲ $1,490
Investments Other Securities$14,272$0▼ $14,272
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$20,658,115$21,817,769▲ $1,159,654
Other Assets Total$297,899$285,487▼ $12,412
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,290,211$6,651,703▼ $638,508
Accounts Payable and Accrued Expenses$769,796$843,850▲ $74,054
Deferred Revenue$571,545$553,540▼ $18,005
Other Liabilities$24,073$26,623▲ $2,550
Total Liabilities$8,655,625$8,075,716▼ $579,909
Net Assets / Fund Balance
Total Net Assets Fund Balance$12,002,490$13,742,053▲ $1,739,563
Total Liabilities and Net Assets / Fund Balance$20,658,115$21,817,769▲ $1,159,654

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$14,619,305$18,159,241$32,778,546
Buildings$1,006,654$1,393,241$2,119,462
Other Land Buildings$2,323$317,019$283,807
Land$166,488-$69,696
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Casey L PeckCFO/gmFT$159,675$63,257$222,932
Jeremy GugelAssistant ManagerPT$123,804$42,371$166,175
Ray FearOperations ManagerFT$118,423$26,109$144,532
Jacob SlaubaughConstruction ManagerFT$105,530$13,191$118,721
Curt WyseDirector-$10,775-$10,775
Steve YottyPresident-$10,688-$10,688
Steve RichVice President-$10,328-$10,328
Atlee YoderSecretary-$9,150-$9,150
Keith TroyerDirector-$8,100-$8,100
Jeremy KuensterDirector-$7,800-$7,800
Luke HorakDirector-$7,500-$7,500

Highest Paid Contractors

ContractorServicesLocationCompensation
Slabach Construction CompanyFiber/duct Installation215 14TH ST PO BOX 814, Kalona, IA 52247$1,069,567
SkitterVideo Services3000 NORTHWOODS PKWY, Peachtree Corners, GA 30071$1,045,557
CalixOnt Equipment/servicesPO BOX 122400 DEPT 892400, Dallas, TX 75312$738,039
National Information Solutions CooperatiSoftware ServicesPO BOX 1147, Mandan, ND 58554$244,925
Moss Adams LLPAccounting Services999 THIRD AVENUE SUITE 2800, Seattle, WA 98104$168,683
Revenue and Support

Revenue Composition

Contributions and Grants
$18,005
Program Service Revenue
$9,153,341
Investment Income
$87,874
Other Revenue
$243,171
Change in Net Assets
$138,123
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,717,109
Salaries, Compensation, and Employee Benefits$953,336
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$1,693,823
Depreciation Depletion---$1,617,639
Other Expenses---$704,573
Other Salaries and Wages---$359,473
Other Employee Benefits---$306,590
Interest---$295,350
Current Officers, Directors, Trustees, and Key Employees---$287,273
Fees for Services Accounting---$211,642
All Other Expenses---$140,363
Fees for Services Legal---$42,048
Occupancy---$11,053
Total Functional Expenses$0$0$0$9,364,268
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
Customer Deposits$26,623
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 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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

All customer subscribing to telephone, internet, and video service are required to maintain a $10 membership.

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

All members of the board of directors are voted in during the annual meeting.

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

Everyday decisions made by the board of directors are not subject to member approval. Certain actions do require the approval of members including the liquidation fo assets and plans of merger or sale.

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

An independent accounting firm prepares and reviews the 990. The 990 is then reviewed by management. Any questions or concerns management has are addressed and corrections or clarifications are made. The final 990 with all required schedules is then provided to all voting members of the board subsequent to filing.

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

The cooperative has a conflict of interest policy which requires annual disclosure of potential conflicts. Potential conflicts are addressed at both the board and management levels. Board members with a potential conflict of interest are excluded from voting on that matter.

Form 990, Part VI, Section B, Line 15A

The wages are suggested to the board by the president of the organization for the general manager and then approved by a majority vote. The board reviews the rural broadband association's compensation and benefit report to determine the general manager's compensation.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Kalona Cooperative Telephone Company
EIN
42-0650488
Phone
3196563668
Address
510 B AVENUE, KALONA, IA 52247

Signing Officer

Name
Casey Peck
Title
CFO/general Manager
Phone
3196563668
Signed
2025-09-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Casey Peck
Formed
1905
Legal Domicile
Ia
Voting Board Members
7
Independent Board Members
7
Employees
55
Volunteers
0

Preparer

Firm
Baker Tilly Advisory Group Lp
Address
601 W RIVERSIDE AVENUE STE 1800, SPOKANE, WA 99201
Preparer
Cheri R Burnham CPA
Phone
5097472600
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Payment of patronage capital -129,557. Change in membership 1,490. Discounted captial credits 16,689. Patronage allocation 1,693,823. Other equity adjustment -653.

Financial Statement Notes

PART X, LINE 2:

The parent company, kalona cooperative telephone company, is organized under the cooperative laws of the state of iowa. The company has obtained an exemption from federal income taxes under code section 501(c)12. With respect to cooperative operations, the financial statements reflect no provision or liability for income taxes.

Raw XML AppendixShowing 400 of 527 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/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7CFO/GM
IRS990/Form990PartVIISectionAGrp/TitleTxt8ASSISTANT MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt9CONSTRUCTION MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt10OPERATIONS MANAGER
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IRS990/OtherExpensesGrp/Desc1PLANT SPECIFIC
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IRS990/OtherExpensesGrp/Desc3CUSTOMER AND OTHER
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IRS990/OtherRevenueMiscGrp/Desc2DIRECTORY REVENUE
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt026623
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PARENT COMPANY, KALONA COOPERATIVE TELEPHONE COMPANY, IS ORGANIZED UNDER THE COOPERATIVE LAWS OF THE STATE OF IOWA. THE COMPANY HAS OBTAINED AN EXEMPTION FROM FEDERAL INCOME TAXES UNDER CODE SECTION 501(C)12. WITH RESPECT TO COOPERATIVE OPERATIONS, THE FINANCIAL STATEMENTS REFLECT NO PROVISION OR LIABILITY FOR INCOME TAXES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt13508
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CASEY L PECK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JEREMY GUGEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CFO/GM
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1ASSISTANT MANAGER
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IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL CUSTOMER SUBSCRIBING TO TELEPHONE, INTERNET, AND VIDEO SERVICE ARE REQUIRED TO MAINTAIN A $10 MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL MEMBERS OF THE BOARD OF DIRECTORS ARE VOTED IN DURING THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EVERYDAY DECISIONS MADE BY THE BOARD OF DIRECTORS ARE NOT SUBJECT TO MEMBER APPROVAL. CERTAIN ACTIONS DO REQUIRE THE APPROVAL OF MEMBERS INCLUDING THE LIQUIDATION FO ASSETS AND PLANS OF MERGER OR SALE.

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