Civic Intelligence

Dunkerton Telephone Cooperative

EIN 42-1146330 • 501(c)12 • Dunkerton, IA

Profile

To provide telecommunications services to its members.

701 S Canfield StDunkerton, IA 50626

www.dunkerton.net

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.23x

Higher debt load relative to assets than 53% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

54th percentile

0.79x

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

501(c)12 • $1M-$5M nonprofits • Source year 2024

Net Margin

36th percentile

0.2%

Higher net margin than 36% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

97th percentile

$90,572

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

$1M-$5M nonprofits • Source year 2024

Asset Growth

31st percentile

-1.5%

Faster asset growth than 31% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

10th percentile

-9.4%

Faster revenue growth than 10% of similar nonprofits.

501(c)12 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$4,615,334

Down $69,324 (-1.5%) from 2023

Liabilities

Down

$1,054,940

Down $80,730 (-7.1%) from 2023

Net Assets

Up

$3,560,394

Up $11,406 (+0.3%) from 2023

Revenue

Down

$1,343,175

Down $138,909 (-9.4%) from 2023

Expenses

Down

$1,340,154

Down $140,650 (-9.5%) from 2023

Net Income

Up

$3,021

Up $1,741 (+136%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $2,199,486Liabilities 2011: $338,651Net Assets 2011: $1,860,8352011Assets 2012: $2,048,285Liabilities 2012: $243,284Net Assets 2012: $1,805,0012012Assets 2013: $2,038,864Liabilities 2013: $168,477Net Assets 2013: $1,870,3872013Assets 2014: $2,033,372Liabilities 2014: $76,453Net Assets 2014: $1,956,9192014Assets 2015: $2,146,100Liabilities 2015: $77,256Net Assets 2015: $2,068,8442015Assets 2016: $2,919,599Liabilities 2016: $809,349Net Assets 2016: $2,110,2502016Assets 2017: $3,574,515Liabilities 2017: $1,346,213Net Assets 2017: $2,228,3022017Assets 2018: $3,873,309Liabilities 2018: $1,599,746Net Assets 2018: $2,273,5632018Assets 2019: $4,078,442Liabilities 2019: $1,664,893Net Assets 2019: $2,413,5492019Assets 2020: $4,139,576Liabilities 2020: $1,457,574Net Assets 2020: $2,682,0022020Assets 2021: $4,338,351Liabilities 2021: $1,367,627Net Assets 2021: $2,970,7242021Assets 2022: $4,283,207Liabilities 2022: $1,080,848Net Assets 2022: $3,202,3592022Assets 2023: $4,684,658Liabilities 2023: $1,135,670Net Assets 2023: $3,548,9882023Assets 2024: $4,615,334Liabilities 2024: $1,054,940Net Assets 2024: $3,560,3942024

Highlighted filing

2024

Assets$4,615,334
Liabilities$1,054,940
Net Assets$3,560,394

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $1,116,994Expenses 2011: $1,111,520Net Income 2011: $5,4742011Revenue 2012: $1,080,072Expenses 2012: $1,081,610Net Income 2012: -$1,5382012Revenue 2013: $1,061,022Expenses 2013: $1,062,459Net Income 2013: -$1,4372013Revenue 2014: $1,080,143Expenses 2014: $1,082,734Net Income 2014: -$2,5912014Revenue 2015: $1,097,626Expenses 2015: $926,998Net Income 2015: $170,6282015Revenue 2016: $1,160,314Expenses 2016: $998,810Net Income 2016: $161,5042016Revenue 2017: $1,178,687Expenses 2017: $1,155,302Net Income 2017: $23,3852017Revenue 2018: $1,274,527Expenses 2018: $1,277,620Net Income 2018: -$3,0932018Revenue 2019: $1,290,433Expenses 2019: $1,283,892Net Income 2019: $6,5412019Revenue 2020: $1,429,072Expenses 2020: $1,360,670Net Income 2020: $68,4022020Revenue 2021: $1,461,888Expenses 2021: $1,460,390Net Income 2021: $1,4982021Revenue 2022: $1,485,120Expenses 2022: $1,483,306Net Income 2022: $1,8142022Revenue 2023: $1,482,084Expenses 2023: $1,480,804Net Income 2023: $1,2802023Revenue 2024: $1,343,175Expenses 2024: $1,340,154Net Income 2024: $3,0212024

Highlighted filing

2024

Revenue$1,343,175
Expenses$1,340,154
Net Income$3,021

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.62$1.05$3.56$1.34$1.34$0.00
2023Detailed filing. Detailed filing data is available for this year.$4.68$1.14$3.55$1.48$1.48$0.00
2022Detailed filing. Detailed filing data is available for this year.$4.28$1.08$3.20$1.49$1.48$0.00
2021Detailed filing. Detailed filing data is available for this year.$4.34$1.37$2.97$1.46$1.46$0.00
2020Detailed filing. Detailed filing data is available for this year.$4.14$1.46$2.68$1.43$1.36$0.07
2019Detailed filing. Detailed filing data is available for this year.$4.08$1.66$2.41$1.29$1.28$0.01
2018Detailed filing. Detailed filing data is available for this year.$3.87$1.60$2.27$1.27$1.28$0.00
2017Detailed filing. Detailed filing data is available for this year.$3.57$1.35$2.23$1.18$1.16$0.02
2016Detailed filing. Detailed filing data is available for this year.$2.92$0.81$2.11$1.16$1.00$0.16
2015Summary only. Only limited summary data is available for this year.$2.15$0.08$2.07$1.10$0.93$0.17
2014Summary only. Only limited summary data is available for this year.$2.03$0.08$1.96$1.08$1.08$0.00
2013Summary only. Only limited summary data is available for this year.$2.04$0.17$1.87$1.06$1.06$0.00
2012Summary only. Only limited summary data is available for this year.$2.05$0.24$1.81$1.08$1.08$0.00
2011Summary only. Only limited summary data is available for this year.$2.20$0.34$1.86$1.12$1.11$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 20, 2025
Return Version
2024v5.1
Gross Receipts
$1,343,175
Mission and Program Overview

Mission

To provide telecommunications services to its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$3,542,798$3,554,134▲ $11,336
Land, Buildings, and Equipment, Net$3,282,391$3,004,613▼ $277,778
Savings and Temporary Cash Investments$353,543$924,028▲ $570,485
Cash and Non-Interest-Bearing Accounts$835,879$546,994▼ $288,885
Accounts Receivable$62,052$66,885▲ $4,833
Pledges and Grants Receivable$115,918$32,369▼ $83,549
Prepaid Expenses and Deferred Charges$16,903$20,914▲ $4,011
Inventories for Sale or Use$10,026$11,713▲ $1,687
Investments in Publicly Traded Securities$7,946$7,818▼ $128
Cap Stk Tr Prin Current Funds$6,190$6,260▲ $70
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$4,684,658$4,615,334▼ $69,324
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$827,177$756,350▼ $70,827
Grants Payable$223,490$211,380▼ $12,110
Accounts Payable and Accrued Expenses$74,625$82,270▲ $7,645
Other Liabilities$9,493$4,055▼ $5,438
Deferred Revenue$885$885→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,135,670$1,054,940▼ $80,730
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$3,548,988$3,560,394▲ $11,406
Total Liabilities and Net Assets / Fund Balance$4,684,658$4,615,334▼ $69,324

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,958,420$2,885,072$5,843,492
Buildings$0$521,298$521,298
Other Land Buildings$681$60,391$61,072
Land$45,512-$45,512
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Abbi KienastCEO/general ManagerFT$87,934$2,638$90,572
Anna WeepieDirector-$1,300-$1,300
Sam HauptlyDirector-$1,300-$1,300
Andrew SnyderDirector/vice President-$1,200-$1,200
Carol STEFFENDirector-$1,200-$1,200
Joe StaffordDirector/president-$1,200-$1,200
Penny TeisingerDIRECTOR/Secretary-$1,100-$1,100
Brian BartholomewDirector-$800-$800
Jon RatheDIRECTOR/Treasurer-$500-$500
Revenue and Support

Revenue Composition

Contributions and Grants
$12,108
Program Service Revenue
$1,258,579
Investment Income
$40,782
Other Revenue
$31,706
Change in Net Assets
$3,021

Audited Revenue Reconciliation

Revenue per Audited Statements
$0
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Form 990
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$800,672
Salaries, Compensation, and Employee Benefits$252,990
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$303,190
Benefits to Members---$286,492
Other Salaries and Wages---$124,107
Current Officers, Directors, Trustees, and Key Employees---$99,172
Interest---$49,973
Fees for Services Accounting---$47,986
Other Expenses---$22,321
Payroll Taxes---$18,510
All Other Expenses---$14,099
Office Expenses---$9,048
Other Employee Benefits---$6,580
Insurance---$6,121
Pension Plan Contributions---$4,621
Total Functional Expenses$0$0$0$1,340,154

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Other Expense Adjustments$0
Total Expenses per 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
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
Federal Income Taxes$4,055
Customer Deposits-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

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

All customers subscribing to telecommunications services within our ilec area are required to maintain a membership to the cooperative.

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

All members of the board of directors are elected during the annual meeting by the members of the cooperative.

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

Routine decisions made by the board of directors are not subject to member approval. Certain actions do require approval of members including the disposition of property.

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

An independent accounting firm prepares and reviews the 990. The 990 is then reviewed by the organization's officers and accounting personnel. Any questions or concerns the organization's officers and accounting personnel have are addressed and any corrections or clarifications that need to be made are made. The 990 is then provided to the board for their review prior to filing the 990.

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

Directors are prohibited by the company by-laws from being employed by, or having a financial interest in, a competing enterprise or a business engaged in selling telephone service or supplies, or construction or maintaining telephone facilities, other than a business operating on a cooperative nonprofit basis for the purpose of furthering rural telephone. Potential conflicts are to be identified at monthly board meetings and are addressed by members of the board.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

Each year the salary of the ceo/general manager is approved by the board of directors.

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

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

Filing and Contact Details

Filer

Filer Name
Dunkerton Telephone Cooperative
EIN
42-1146330
Phone
3198224512
Address
701 S CANFIELD ST, DUNKERTON, IA 50626
Doing Business As
Dunkerton Communications

Signing Officer

Name
Abbi Kienast
Title
CEO/general Manager
Phone
3198224512
Signed
2025-10-20
Discuss with paid preparer
Yes

Organization Details

Formed
1980
Legal Domicile
Ia
Voting Board Members
7
Independent Board Members
7
Employees
4
Volunteers
7

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 III, Line 3 Significant changes in program services

Video operations ceased on 12/31/2023.

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

Payment of patronage capital - -271185; change in membership - 70; net forfeitted patronage - -6865; patronage allocated to members - 286492;

Financial Statement Notes

Schedule D, Part X, Line 2 UNCERTAIN TAX POSITIONS

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.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT 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.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2 UNCERTAIN TAX POSITIONS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VIDEO OPERATIONS CEASED ON 12/31/2023.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL CUSTOMERS SUBSCRIBING TO TELECOMMUNICATIONS SERVICES WITHIN OUR ILEC AREA ARE REQUIRED TO MAINTAIN A MEMBERSHIP TO THE COOPERATIVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL MEMBERS OF THE BOARD OF DIRECTORS ARE ELECTED DURING THE ANNUAL MEETING BY THE MEMBERS OF THE COOPERATIVE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ROUTINE DECISIONS MADE BY THE BOARD OF DIRECTORS ARE NOT SUBJECT TO MEMBER APPROVAL. CERTAIN ACTIONS DO REQUIRE APPROVAL OF MEMBERS INCLUDING THE DISPOSITION OF PROPERTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AN INDEPENDENT ACCOUNTING FIRM PREPARES AND REVIEWS THE 990. THE 990 IS THEN REVIEWED BY THE ORGANIZATION'S OFFICERS AND ACCOUNTING PERSONNEL. ANY QUESTIONS OR CONCERNS THE ORGANIZATION'S OFFICERS AND ACCOUNTING PERSONNEL HAVE ARE ADDRESSED AND ANY CORRECTIONS OR CLARIFICATIONS THAT NEED TO BE MADE ARE MADE. THE 990 IS THEN PROVIDED TO THE BOARD FOR THEIR REVIEW PRIOR TO FILING THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DIRECTORS ARE PROHIBITED BY THE COMPANY BY-LAWS FROM BEING EMPLOYED BY, OR HAVING A FINANCIAL INTEREST IN, A COMPETING ENTERPRISE OR A BUSINESS ENGAGED IN SELLING TELEPHONE SERVICE OR SUPPLIES, OR CONSTRUCTION OR MAINTAINING TELEPHONE FACILITIES, OTHER THAN A BUSINESS OPERATING ON A COOPERATIVE NONPROFIT BASIS FOR THE PURPOSE OF FURTHERING RURAL TELEPHONE. POTENTIAL CONFLICTS ARE TO BE IDENTIFIED AT MONTHLY BOARD MEETINGS AND ARE ADDRESSED BY MEMBERS OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6EACH YEAR THE SALARY OF THE CEO/GENERAL MANAGER IS APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE COMPANY MAKES COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8PAYMENT OF PATRONAGE CAPITAL - -271185; CHANGE IN MEMBERSHIP - 70; NET FORFEITTED PATRONAGE - -6865; PATRONAGE ALLOCATED TO MEMBERS - 286492;
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 3 Significant changes in program services
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 6 Classes of members or stockholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7a Members or stockholders electing members of governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 12c Conflict of interest policy
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 15a Process to establish compensation of top management official
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Line 19 Required documents available to the public
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part XI, Line 9 Other changes in net assets or fund balances
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