Civic Intelligence

South Slope Cooperative Telephone Company

EIN 42-0819332 • 501(c)12 • North Liberty, IA

View Organization Page

Profile

To provide communications services to its members.

Refreshing map…

980 North Front StreetNorth Liberty, IA 52317

www.southslope.com

Siviq Scores

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

Liabilities / Assets

7th percentile

0.22x

Higher debt load relative to assets than 7% of similar nonprofits.

501(c)12 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

11th percentile

0.57x

Higher debt load relative to revenue than 11% of similar nonprofits.

501(c)12 • $100M-$250M nonprofits • Source year 2024

Net Margin

12th percentile

-0.0%

Higher net margin than 12% of similar nonprofits.

501(c)12 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

83rd percentile

$525,341

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

501(c)12 • $100M-$250M nonprofits • Source year 2024

Asset Growth

25th percentile

2.2%

Faster asset growth than 25% of similar nonprofits.

501(c)12 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

49th percentile

4.5%

Faster revenue growth than 49% of similar nonprofits.

501(c)12 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets7th percentile

Assets

Up

$113,338,780

Up $2,464,555 (+2.2%) from 2023

Liabilities

Down

$24,922,997

Down $3,303,785 (-12%) from 2023

Net Assets

Up

$88,415,783

Up $5,768,340 (+7.0%) from 2023

Operations
Liabilities / Revenue11th percentileNet Margin12th percentile

Revenue

Up

$43,488,345

Up $1,860,000 (+4.5%) from 2023

Expenses

Up

$43,495,543

Up $1,867,673 (+4.5%) from 2023

Net Income

Down

-$7,198

Down $7,673 (-1615%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth25th percentile

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

$150M$100M$50M$0Assets 2011: $80,317,400Liabilities 2011: $43,409,529Net Assets 2011: $36,907,8712011Assets 2012: $99,114,894Liabilities 2012: $61,466,586Net Assets 2012: $37,648,3082012Assets 2013: $100,789,023Liabilities 2013: $68,099,376Net Assets 2013: $32,689,6472013Assets 2014: $97,790,338Liabilities 2014: $64,479,087Net Assets 2014: $33,311,2512014Assets 2015: $99,629,648Liabilities 2015: $65,666,022Net Assets 2015: $33,963,6262015Assets 2016: $96,105,552Liabilities 2016: $62,386,437Net Assets 2016: $33,719,1152016Assets 2017: $91,558,677Liabilities 2017: $55,003,955Net Assets 2017: $36,554,7222017Assets 2018: $90,697,440Liabilities 2018: $48,679,012Net Assets 2018: $42,018,4282018Assets 2019: $91,836,992Liabilities 2019: $43,572,093Net Assets 2019: $48,264,8992019Assets 2020: $100,293,228Liabilities 2020: $37,748,417Net Assets 2020: $62,544,8112020Assets 2021: $103,327,478Liabilities 2021: $34,214,541Net Assets 2021: $69,112,9372021Assets 2022: $110,514,408Liabilities 2022: $32,155,014Net Assets 2022: $78,359,3942022Assets 2023: $110,874,225Liabilities 2023: $28,226,782Net Assets 2023: $82,647,4432023Assets 2024: $113,338,780Liabilities 2024: $24,922,997Net Assets 2024: $88,415,7832024

Highlighted filing

2024

Assets$113,338,780
Liabilities$24,922,997
Net Assets$88,415,783
Open 2024 Filing

Operations Trend

Revenue Growth49th percentile

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

$60M$40M$20M$0-$20MRevenue 2011: $26,635,923Expenses 2011: $26,635,923Net Income 2011: $02011Revenue 2012: $27,219,629Expenses 2012: $27,225,062Net Income 2012: -$5,4332012Revenue 2013: $33,389,376Expenses 2013: $38,864,492Net Income 2013: -$5,475,1162013Revenue 2014: $35,683,528Expenses 2014: $34,836,725Net Income 2014: $846,8032014Revenue 2015: $37,859,703Expenses 2015: $37,234,410Net Income 2015: $625,2932015Revenue 2016: $37,324,043Expenses 2016: $37,539,065Net Income 2016: -$215,0222016Revenue 2017: $33,287,163Expenses 2017: $33,287,163Net Income 2017: $02017Revenue 2018: $35,930,469Expenses 2018: $35,940,809Net Income 2018: -$10,3402018Revenue 2019: $36,238,626Expenses 2019: $36,255,953Net Income 2019: -$17,3272019Revenue 2020: $39,466,018Expenses 2020: $39,461,338Net Income 2020: $4,6802020Revenue 2021: $39,258,245Expenses 2021: $39,292,605Net Income 2021: -$34,3602021Revenue 2022: $41,648,044Expenses 2022: $41,761,059Net Income 2022: -$113,0152022Revenue 2023: $41,628,345Expenses 2023: $41,627,870Net Income 2023: $4752023Revenue 2024: $43,488,345Expenses 2024: $43,495,543Net Income 2024: -$7,1982024

Highlighted filing

2024

Revenue$43,488,345
Expenses$43,495,543
Net Income-$7,198
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$113,338,780
Liabilities
$24,922,997
Net assets
$88,415,783
Revenue
$43,488,345
Expenses
$43,495,543
Net income
-$7,198
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$113$24.9$88.4$43.5$43.5$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$111$28.2$82.6$41.6$41.6$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$111$32.2$78.4$41.6$41.8$0.11
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$103$34.2$69.1$39.3$39.3$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$100$37.7$62.5$39.5$39.5$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$91.8$43.6$48.3$36.2$36.3$0.02
2018Summary only. Only limited summary data is available for this year.$90.7$48.7$42.0$35.9$35.9$0.01
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$91.6$55.0$36.6$33.3$33.3$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$96.1$62.4$33.7$37.3$37.5$0.22
2015Summary only. Only limited summary data is available for this year.$99.6$65.7$34.0$37.9$37.2$0.63
2014Summary only. Only limited summary data is available for this year.$97.8$64.5$33.3$35.7$34.8$0.85
2013Summary only. Only limited summary data is available for this year.$101$68.1$32.7$33.4$38.9$5.48
2012Summary only. Only limited summary data is available for this year.$99.1$61.5$37.6$27.2$27.2$0.01
2011Summary only. Only limited summary data is available for this year.$80.3$43.4$36.9$26.6$26.6$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 7, 2025
Return Version
2024v5.1
Gross Receipts
$43,535,639
Mission and Program Overview

Mission

To provide communications services to its members.

To provide communications services to its members

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$88,557,830$96,879,797▲ $8,321,967
Rtn Earn Endowment Incm Other Fnds$77,092,319$82,860,659▲ $5,768,340
Investments Other Securities$9,031,293$9,233,000▲ $201,707
Pd in Cap Srpls Land Bldg Eqp Fund$5,555,124$5,555,124→ $0
Cash and Non-Interest-Bearing Accounts$3,777,400$3,076,219▼ $701,181
Inventories for Sale or Use$2,109,313$1,834,212▼ $275,101
Accounts Receivable$779,729$993,596▲ $213,867
Prepaid Expenses and Deferred Charges$369,040$713,382▲ $344,342
Savings and Temporary Cash Investments$6,216,186$608,574▼ $5,607,612
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Investments in Publicly Traded Securities$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$110,874,225$113,338,780▲ $2,464,555
Other Assets Total$33,434$0▼ $33,434
Liabilities
Mortgage Notes Payable Secured by Investment Property$22,155,933$16,687,777▼ $5,468,156
Grants Payable$4,080,599$5,483,353▲ $1,402,754
Accounts Payable and Accrued Expenses$1,952,050$2,709,992▲ $757,942
Other Liabilities$38,200$41,875▲ $3,675
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$28,226,782$24,922,997▼ $3,303,785
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$82,647,443$88,415,783▲ $5,768,340
Total Liabilities and Net Assets / Fund Balance$110,874,225$113,338,780▲ $2,464,555

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$65,537,951$106,295,237$171,833,188
Buildings$14,385,542$2,104,919$16,490,461
Other Land Buildings$14,702,613$0$14,702,613
Land$2,253,691-$2,253,691
Leasehold Improvements$0$0$0
Other Securities$40,000--
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Charles DeisbeckCEOFT$338,390$186,951$525,341
Brian HamacherChief Operating OfficerFT$212,745$119,428$332,173
Carla MinerControllerFT$135,816$59,452$195,268
Jason UrellPlant ManagerFT$115,724$62,854$178,578
Shelley MassellAccounting SupervisorFT$101,759$51,490$153,249
Bradley MeredithData AdministratorFT$96,489$53,986$150,475
Steven SherzerFacilities & Mainteance SupervisorFT$106,196$37,514$143,710
James SpringsteenData AdministratorFT$109,451$31,736$141,187
Brad MeskimenDirector-$14,727-$14,727
Michael SchanzPresident-$13,119-$13,119
David RobertsVice President-$12,759-$12,759
Gary GrabeDirector-$11,269-$11,269
Brian ButzSecretary/treasurer-$10,919-$10,919

Highest Paid Contractors

ContractorServicesLocationCompensation
Central Cable Contractors INCFiber ConstructionW7435 COUNTY AW, Waupun, WI 53963$10,695,428
Midwest Underground ContractorsFiber Construction300 HWY 151E, Walford, IA 52351$1,446,371
Vantage Point Solutions INCConsulting2211 NORTH MINNESOTA STREET, Mitchell, SD 57301$1,441,805
Acme Electric CompanyMulti-dwelling Fiber Conversions1060 CAPITAL DRIVE SW, Cedar Rapids, IA 52404$727,326
Mp Nexlevel LLCService Installs500 COUNTY RD 37 E, Maple Lake, IA 55358$398,021
Revenue and Support

Revenue Composition

Contributions and Grants
$367,443
Program Service Revenue
$41,607,331
Investment Income
$844,218
Other Revenue
$669,353
All Other Contributions
$0
Change in Net Assets
$-7,198

Audited Revenue Reconciliation

Revenue per Audited Statements
$43,487,939
Revenue Not Reported on Financial Statements
$406
Revenue Not Reported on Form 990
$183,646
Other Revenue Adjustments
$406
Total Revenue per Audited Statements
$43,671,585
Total Revenue per Form 990
$43,488,345
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$29,488,757
Salaries, Compensation, and Employee Benefits$6,846,977
Grants and Similar Amounts Paid$132,765
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$10,604,871
Benefits to Members---$7,027,044
Other Salaries and Wages---$3,969,121
Advertising---$1,190,212
Current Officers, Directors, Trustees, and Key Employees---$1,115,575
Fees for Services Accounting---$994,042
Other Employee Benefits---$835,390
Pension Plan Contributions---$475,302
Payroll Taxes---$451,589
Interest---$415,780
Other Expenses---$389,143
All Other Expenses---$251,440
Grants to Domestic Orgs---$132,765
Fees for Services Legal---$37,099
Total Functional Expenses$0$0$0$43,495,543

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$43,495,543
Total Expenses per Audited Statements$36,644,541
Expenses per Audited Statements$36,468,499
Expenses Not Reported on Financial Statements$7,027,044
Other Expense Adjustments$7,027,044
Expenses Not Reported on Form 990$176,042
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
North Liberty Community PantryNorth Liberty, IA501(c)3Program Support$107,450
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Advanced Billings & Payments$25,922
Accrued Income Taxes$13,190
Asset Retirement Obligation$10,000
Customer Deposits$6,784
Deferred 457(f) Plan-
Federal Income Taxes$-14,021
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
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, Line 15 LINE 15A & 15B - PROCESS TO ESTABLISH COMPENSATION

“The organization consulted an independent firm to prepare a compensation data study. The board took the information from the compensation study and used it to review the compensation of the organization's ceo and key employees for 2024. The ntca annual compensation survey is used in review of compensation of other officers and the board president is notified of compensation changes for other officers.”

Form 990, Part VI, Line 6 Classes of members or stockholders

“Any customer that has a landline, internet, special access, or video services have a membership with the cooperative.”

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

“Members of the cooperative elect the governing body.”

Form 990, Part VI, Line 7B Decisions requiring approval by members or stockholders

“Changes to the company articles are subject to member approval.”

Form 990, Part VI, Line 11B Review of form 990 by governing body

“The 990 is prepared and reviewed by an independent accounting firm. The 990 is then reviewed by the organization's management and accounting personnel. Any corrections or clarifications that need to be made are made. Form 990 is presented to the governing body prior to the filing. The return is then signed by the south slope cooperative telephone company's ceo.”

Form 990, Part VI, Line 12C Conflict of interest policy

“A conflict-of-interest policy exists in the organization's articles of incorporation stating that anyone with a conflict is ineligible to be on the governing board.”

Form 990, Part VI, Line 19 Required documents available to the public

“South slope cooperative telephone company's financial statements are provided yearly to the members of the cooperative with their invitation to the annual meeting. Bylaws are provided to the new member when they establish service with the cooperative. The conflict of interest policy is provided during the nomination process.”

Form 990, Part VIII, Line 11D Other Miscellaneous Revenue

“- Total Revenue: 537, Related or Exempt Function Revenue: 0, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 537;”

Filing and Contact Details

Filer

Filer Name
South Slope Cooperative Telephone Company
EIN
42-0819332
Phone
3196262211
Address
980 NORTH FRONT STREET, NORTH LIBERTY, IA 52317
Doing Business As
See Schedule O

Signing Officer

Name
Chuck Deisbeck
Title
CEO
Phone
3196262211
Signed
2025-11-07
Discuss with paid preparer
Yes

Organization Details

Formed
1958
Legal Domicile
Ia
Voting Board Members
5
Independent Board Members
5
Employees
129
Volunteers
0

Preparer

Firm
Forvis Mazars LLP
Address
1401 50th Street Suite 350, West Des Moines, IA 50266-5935
Preparer
Matthew C Hall
Phone
5152230159
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

“Patronage Capital Allocated - 7027044; Partnership Income - -406; Patronage Capital paid - -1216537; Federal Excise Tax Refund - 18984; POS Capital Credit Writeoff Recovery - -61151; Total - 5767934;”

Form 990, Box C

“The organization has the following doing business as names: south slope cooperative communications company south slope communications company”

Financial Statement Notes

Schedule D, Part X, Line 2

“Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.”

Schedule D, Part XI, Line 2(D) Other revenues in audited financial statements not in form 990

“ALLOWANCE FOR FUNDS USED DURING CONSTRUCTION - 134945 Bad Debt Expense - 13616 Rental Expenses - 27481”

Schedule D, Part XI, Line 4(B) Other revenues in form 990 not in audited financial statements

“Partnership Income - 406”

Schedule D, Part XII, Line 2(D) Other expenses in audited financial statements not in form 990

“ALLOWANCE FOR FUNDS USED DURING CONSTRUCTION - 134945 Bad Debt Expense - 13616 Rental Expenses - 27481”

Schedule D, Part XII, Line 4(B) Other expenses in form 990 not in audited financial statements

“Patronage Capital Allocated - 7027044”

Raw XML AppendixShowing 400 of 780 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/AccountsPayableAccrExpnssGrp/BOYAmt01952050
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IRS990/AccountsReceivableGrp/BOYAmt0779729
IRS990/AccountsReceivableGrp/EOYAmt0993596
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE COMMUNICATIONS SERVICES TO ITS MEMBERS
IRS990/AdvertisingGrp/TotalAmt01190212
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IRS990/BooksInCareOfDetail/PhoneNum03196262211
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0980 NORTH FRONT STREET
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