Tri-County Communications Cooperative Inc
- Assets
- $52.9m
- Revenue
- $20.0m
- Investments
- $27.5m
- Employees
- 39
- Location
- Strum, WI
- Founding
- 06/1965
- Data as of
- 12/2021
- 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 12/2021, Tri-County Communications Cooperative Inc employed 39 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 12/2021, Tri-County Communications Cooperative Inc generated $20.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $19.8m during the year ending 12/2021. While expenses have increased by 3.8% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
IT SHALL BE THE MISSION OF THE TRI-COUNTY COMM. 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
TELEPHONE SERVICE TO 2,145 ACCESS LINES AND RELATED SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Rue General Manager/ceo | Officer | 40 | $309,990 |
Gerald Webb Operations Manager | Officer | 40 | $191,382 |
Kristen Carroll CFO | Officer | 40 | $173,852 |
Kevin Schroeder It/network Manager | 40 | $109,487 | |
Russell Carlisle President | OfficerTrustee | 2.33 | $12,094 |
Christine Howard Director | Trustee | 1.98 | $10,300 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tjader Highstrom Cable/fiber Plowing | 12/30/21 | $1,231,151 |
Jandr Underground Llc Cable/fiber Plowing | 12/30/21 | $584,491 |
Kohnen Underground Utilities Inc Cable/fiber Locating | 12/30/21 | $177,479 |
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 | $18,248,364 |
| Investment income | $78,433 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $48,084 |
| 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 | $19,988,134 |
| 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 | $2,858,087 |
| Compensation of current officers, directors, key employees. | $912,020 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,665,188 |
| Pension plan accruals and contributions | $231,643 |
| Other employee benefits | $608,505 |
| Payroll taxes | $267,258 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,470 |
| Fees for services: Accounting | $74,472 |
| 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 | $216,692 |
| 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 | $46,871 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,604,582 |
| Insurance | $0 |
| All other expenses | $210,573 |
| Total functional expenses | $19,759,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,656,449 |
| Savings and temporary cash investments | $998,043 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $559,082 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $477,136 |
| Prepaid expenses and deferred charges | $440,741 |
| Net Land, buildings, and equipment | $19,989,045 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $27,471,711 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,321,043 |
| Total assets | $52,913,250 |
| Accounts payable and accrued expenses | $1,652,521 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,585,249 |
| Total liabilities | $3,237,770 |
| 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 | $49,675,480 |
| Total liabilities and net assets/fund balances | $52,913,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tri-County Communications Cooperative Inc Strum, WI | $52,913,250 | $19,988,134 |
Radiant Life Ministries Marion, IL | $195,965,953 | $18,938,808 |
Santa Fe Communications Inc Milwaukee, WI | $17,891,778 | $16,474,876 |
Odva Inc Ann Arbor, MI | $9,332,381 | $4,655,782 |
Jack Van Impe Ministries Rochester Hills, MI | $11,882,515 | $4,233,402 |
Scola Mc Clelland, IA | $4,272,203 | $340,778 |
City Bureau Nfp Chicago, IL | $2,720,494 | $2,390,104 |
Illinois Beef Association Inc Springfield, IL | $854,239 | $1,875,178 |
American Dairy Association Of The Midwest St Paul, MN | $3,677,038 | $1,489,980 |
Michigan Association Of Broadcasters Lansing, MI | $4,071,084 | $1,659,520 |
Graphic Communications International Union Carol Stream, IL | $1,053,478 | $1,025,532 |
Foundation For American Content And Entertainment Farmington Hills, MI | $616,104 | $1,400,000 |