Tri-County Communications Cooperative Inc
- Assets
- $64.8m
- Revenue
- $21.2m
- Investments
- $30.6m
- Employees
- 38
- Location
- Strum, WI
- Founding
- 06/1965
- Data as of
- 12/2023
- EIN
- 39-1024048
Organization Overview
Tri-County Communications Cooperative Inc is located in Strum, WI. The organization was established in 1965. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Tri-County Communications Cooperative Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tri-County Communications Cooperative Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2023, Tri-County Communications Cooperative Inc generated $21.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $20.8m during the year ending 12/2023. While expenses have increased by 3.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
IT SHALL BE THE MISSION OF THE TRI-COUNTY COMMUNICATIONS COOPERATIVE, INC. TO PROVIDE DEPENDABLE SERVICES TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary/treasurer | OfficerTrustee | 2.5 | $12,700 |
Name Not Listed President | OfficerTrustee | 2.8 | $14,419 |
Name Not Listed Director | Trustee | 2.4 | $12,400 |
Name Not Listed Director | Trustee | 1.4 | $7,300 |
Name Not Listed Director | Trustee | 1.3 | $6,850 |
Name Not Listed Director | Trustee | 2.4 | $12,550 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tjader & Highstrom Utility Services Llc Underground Utility Construction | 12/30/23 | $2,362,838 |
J&r Underground Llc Underground Utility Construction | 12/30/23 | $810,072 |
Kohnen Underground Utilities Inc Underground Utilities Locator | 12/30/23 | $232,451 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $19,194,896 |
| Investment income | $236,658 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $43,771 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,167,618 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $2,425,268 |
| Compensation of current officers, directors, key employees. | $1,023,309 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,885,114 |
| Pension plan accruals and contributions | $282,154 |
| Other employee benefits | $556,026 |
| Payroll taxes | $294,959 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,263 |
| Fees for services: Accounting | $80,070 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $259,977 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $41,098 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,047,703 |
| Insurance | $0 |
| All other expenses | $105,000 |
| Total functional expenses | $20,849,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,139,491 |
| Savings and temporary cash investments | $4,867,168 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,819,399 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $841,935 |
| Prepaid expenses and deferred charges | $440,176 |
| Net Land, buildings, and equipment | $22,968,816 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $30,595,639 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,168,864 |
| Total assets | $64,841,488 |
| Accounts payable and accrued expenses | $1,138,855 |
| Grants payable | $0 |
| Deferred revenue | $4,429,231 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,930,223 |
| Total liabilities | $7,498,309 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $57,343,179 |
| Total liabilities and net assets/fund balances | $64,841,488 |