Farmers Mutual Cooperative Telephone Co
EIN: 420246310 · Moulton, IA
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $1.3M |
| Net Assets | $4.7M |
Is Farmers Mutual Cooperative Telephone Co Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Farmers Mutual Cooperative Telephone Co
Farmers Mutual Cooperative Telephone Co (EIN: 420246310) is a nonprofit organization based in Moulton, IA. The organization reported total revenue of $1.6M and total assets of $16.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Farmers Mutual Cooperative Telephone Co's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Farmers Mutual Cooperative Telephone Co is a mid-size nonprofit that has been operating for 64 years, with 4 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$97K |
| Total Assets | $11.3M |
| Total Liabilities | $6.6M |
| Net Assets | $4.7M |
| Operating Margin | 7.0% |
| Debt-to-Asset Ratio | 58.3% |
| Months of Reserves | 105.4 months |
Financial Health Grade: A
In 2023, Farmers Mutual Cooperative Telephone Co reported a surplus of $97K with revenue exceeding expenses, holds 105.4 months of operating reserves (strong position), has a debt-to-asset ratio of 58.3% (high leverage).
Financial Trends
Over 4 years of filings (2016–2023), Farmers Mutual Cooperative Telephone Co's revenue has grown at a compound annual growth rate (CAGR) of 5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.2% | +10.7% | +174.9% |
| 2020 | -12.5% | +38.8% | +31.3% |
| 2019 | +46.5% | -12.6% | -10.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1962 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Farmers Mutual Cooperative Telephone Co has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Farmers Mutual Cooperative Telephone Co with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $97K, with revenue exceeding expenses.
- Debt-to-asset ratio: 58.3%.
Frequently Asked Questions about Farmers Mutual Cooperative Telephone Co
Is Farmers Mutual Cooperative Telephone Co a legitimate charity?
Farmers Mutual Cooperative Telephone Co (EIN: 420246310) is a registered tax-exempt nonprofit based in Iowa. It has 4 years of IRS 990 filings on record. Total revenue: $1.6M. No red flags identified. Financial health grade: A.
How does Farmers Mutual Cooperative Telephone Co spend its money?
Farmers Mutual Cooperative Telephone Co reported $1.6M in total revenue in IRS 990 filings. 4 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Farmers Mutual Cooperative Telephone Co tax-deductible?
Farmers Mutual Cooperative Telephone Co is registered as a tax-exempt nonprofit (EIN: 420246310). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Farmers Mutual Cooperative Telephone Co located?
Farmers Mutual Cooperative Telephone Co is headquartered in Moulton, Iowa and files with the IRS under EIN 420246310.
How many years of IRS 990 filings does Farmers Mutual Cooperative Telephone Co have?
Farmers Mutual Cooperative Telephone Co has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $1.6M in total revenue.
Filing History
IRS 990 filing history for Farmers Mutual Cooperative Telephone Co showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2016–2023), Farmers Mutual Cooperative Telephone Co's revenue has grown by 45.1%, moving from $956K to $1.4M. Total assets increased by 221.6% over the same period, from $3.5M to $11.3M. Total functional expenses rose by 34.4%, from $961K to $1.3M. In its most recent filing year (2023), Farmers Mutual Cooperative Telephone Co reported a surplus of $97K, with revenue exceeding expenses. The organization holds $6.6M in liabilities against $11.3M in assets (debt-to-asset ratio: 58.3%), resulting in net assets of $4.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.3M | $11.3M | $6.6M | — | View 990 |
| 2020 | $1.2M | $1.2M | $4.1M | $325K | — | — |
| 2019 | $1.4M | $840K | $3.1M | $515K | — | View 990 |
| 2016 | $956K | $961K | $3.5M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.3M, and assets of $11.3M (revenue +13.2% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.2M, and assets of $4.1M (revenue -12.5% year-over-year).
- 2019: Revenue of $1.4M, expenses of $840K, and assets of $3.1M (revenue +46.5% year-over-year).
- 2016: Revenue of $956K, expenses of $961K, and assets of $3.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Farmers Mutual Cooperative Telephone Co:
Data Sources and Methodology
This transparency report for Farmers Mutual Cooperative Telephone Co is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.