2025-11-17T08:59:58+00:00 2024-12-31 440160260 Forvis Mazars LLP 1401 50th Street Suite 350 West Des Moines IA 502665935 990 2024-01-01 420591540 WELLMAN COOPERATIVE TELEPHONE ASSOCIATION WELL 3196466075 305 8TH AVENUE PO BOX 170 WELLMAN IA 52356 Dion Schminke General Manager 3196466075 2025-11-17 true true Matthew C Hall P01573021 5152230159 2025-11-17 2024 2025-03-06 01:10:19Z DION SCHMINKE 305 8TH AVENUE PO BOX 170 WELLMAN IA 52356 3204774 false X WWW.WELLMANTELEPHONE.COM X 1952 IA TO PROVIDE HIGH QUALITY, RELIABLE, TELECOMMUNICATIONS SERVICES TO ITS MEMBERS. 7 7 6 0 5149 1492 0 29862 2888976 2934016 49816 51959 142069 172117 3080861 3187954 9812 13794 434528 423165 479996 728333 0 0 0 2077363 1937487 3001699 3102779 79162 85175 10040834 12882514 4059607 6419114 5981227 6463400 TO PROVIDE HIGH QUALITY, RELIABLE TELECOMMUNICATIONS sERVICES TO ITS MEMBERS. false false THE COOPERATIVE PROVIDES QUALITY SERVICES TO ITS MEMBER SUBSCRIBERS WE HAVE BUILT OUR ENTIRE SERVICE AREA WITH FIBER TO PROVIDE HIGH SPEED INTERNET, VIDEO, LOCAL EXCHANGE SERVICES AND TOLL SERVICES. WE PROVIDE EQUIPMENT FOR SALE OR LEASE AND INSTALLATION AND MAINTENANCE OF CUSTOMER PREMISE WIRING AND OTHER MISCELLANEOUS SERVICES. WE ALSO PROVIDE TRANSPORT FROM OUR TOWERS. 0 false false false false false false false false false false true true false false true false false true false false false false false false false false false false false true false false false false false false false false false false false false false false false true true true false false true 19 0 true 6 true true true false false false false 2124329 200592 false false false X 7 7 false false false false true true true true true false false false true true true true true true true true false false IA X DION SCHMINKE 3196466075 305 8TH AVENUE WELLMAN IA 52356 JEREMY STATLER VICE PRESIDENT 0.5 0.0 X X 3120 0 0 TERRA HUBER SECRETARY 0.5 0.0 X X 2895 0 0 TONY STUTZMAN PRESIDENT 0.5 0.0 X X 3210 0 0 DAVID QUIRAM DIRECTOR 0.5 0.0 X 255 0 0 DIANE BRENNEMAN DIRECTOR 0.5 0.0 X 2625 0 0 JONATHAN CHALUPA DIRECTOR 0.5 0.0 X 2295 0 0 LEROY POWELL DIRECTOR 0.5 0.0 X 2805 0 0 NICOLE SLABAUGH DIRECTOR 0.5 0.0 X 3150 0 0 DION SCHMINKE COO 45.0 0.0 X 141548 0 40074 161903 0 40074 1 false true false Central Cable W7435 County Rd AW Waupun WI 53963 Unnderground Cable Contractor 2274680 Vantage Point 2211 NORTH MINNESOTA ST MITCHELL SD 57301 Consulting Services 351606 FORVIS MAZARS LLP 1401 50TH ST STE 350 WEST DES MOINES IA 502665935 CONSULTING 112988 3 29862 29862 Telecommunications Services 517000 2934016 2934016 0 0 0 0 2934016 51959 51959 128345 2494 125851 0 125851 111312 2398 12141 0 0 6541 14326 -7785 -7785 INSURANCE PROCEEDS 900099 22839 22839 ALL OTHER MISC REVENUE 900099 17911 17911 DIRECTORY REVENUE 511140 14382 3832 10550 -1081 0 -1081 0 54051 3187954 3037543 5149 115400 13794 423165 201977 351325 11321 131953 31757 2567 166113 0 17934 94759 568315 PLANT SPECIFIC OPERATIONS 495263 COST OF VIDEO SERVICES 351102 CUSTOMER OPERATIONS 85343 PLANT NON-SPECIFIC OPERATIONS 80390 75701 3102779 1211493 1250096 20011 250128 721790 294772 0 0 0 0 29007 394528 88464 99199 15353819 6407356 6328394 8946463 1114527 1108875 0 10000 0 517148 538453 10040834 12882514 1282685 1659266 780551 2099964 8403 9232 0 0 1526250 2235282 461718 415370 4059607 6419114 X 5981227 6463400 5981227 6463400 10040834 12882514 X 85175 396998 X false true true false 35350 35350 920093 545544 374549 14398376 5861812 8536564 8946463 Closely-held equity interests Financial derivatives Investment in WKIJ 481193 C Investment in Aureon 627682 F 1108875 Federal Income Taxes ASSET RETIREMENT OBLIGATION DEFERRED COMPENSATION 299223 OTHER LIABILITIES 1196 DEFERRED REVENUE 61379 OPERATING LEASE LIABILITY 53572 415370 0 0 0 0 0 0 0 0 0 0 0 0 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. false false false DION SCHMINKE COO 141548 0 0 0 0 0 9884 0 30190 0 181622 0 0 0 Form 990, Part VI, Line 6 Classes of members or stockholders MEMBERSHIP IN THE COOPERATIVE IS RESTRICTED TO SUBSCRIBERS TO MEMBERSHIP-ELIGIBLE VOICE, VIDEO OR DATA SERVICE PROVIDED BY THE COOPERATIVE WHO ARE OTHERWISE ELIGIBLE FOR MEMBERSHIP, PURSUANT TO THE ARTICLES OF INCORPORATION. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body MEMBERS ELECT THE BOARD OF DIRECTORS AT AN ANNUAL MEETING. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders MEMBER APPROVAL OF SIGNIFICANT BOARD DECISIONS THAT MAY ARISE, SUCH AS MERGERS AND ACQUISITIONS, AS NECESSARY. 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 MANAGEMENT. ANY QUESTIONS OR CONCERNS THAT THE ORGANIZATION'S MANAGEMENT MAY HAVE ARE ADDRESSED, AND ANY CORRECTIONS OR CLARIFICATIONS THAT NEED TO BE MADE ARE MADE. THE ENTIRE 990 WITH ALL REQUIRED SCHEDULES IS THEN PROVIDED TO THE VOTING MEMBERS OF THE BOARD PRIOR TO FILING THE 990. Form 990, Part VI, Line 12c Conflict of interest policy THE BOARD OF DIRECTORS DISCLOSE AND SIGN A CONFLICT OF INTEREST FORM. THIS FORM IS REVIEWED AND SIGNED ON AN ANNUAL BASIS. IF A CONFLICT IS FOUND, THE PERSON WITH A CONFLICT IS PROHIBITED FROM PARTICIPATING IN THE DELIBERATIONS AND DECISIONS OF THE TRANSACTION. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE COMPENSATION OF MANAGEMENT AND OTHER STAFF IS DETERMINED BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. THE BOARD INCORPORATES A SALARY STUDY PUBLISHED BY NTCA, WHICH INDICATES COMPENSATION STATISTICS OF SIMILAR ORGANIZATIONS. Form 990, Part VI, Line 15b Process to establish compensation of other employees THE COMPENSATION OF MANAGEMENT AND OTHER STAFF IS DETERMINED BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. THE BOARD INCORPORATES A SALARY STUDY PUBLISHED BY NTCA, WHICH INDICATES COMPENSATION STATISTICS OF SIMILAR ORGANIZATIONS. Form 990, Part VI, Line 19 Required documents available to the public THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND CERTAIN GOVERNING DOCUMENTS ARE MADE AVAILABLE TO MEMBERS UPON REQUEST. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue K-1 INCOME/LOSS - Total Revenue: -1081, Related or Exempt Function Revenue: , Unrelated Business Revenue: -1081, Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Patronage Capital Allocated - 423165; K-1 Adjustment - 1081; Patronage capital paid - Estates - -31567; UNCLAIMED PATRONAGE - 9972; EQUITY IN LOSS OF SUBSIDIARY - -5653; Total - 396998; WKIJ COMMUNICATIONS 305 8TH AVENUE WELLMAN IA 52356 421244226 INVESTMENT IA WELLMAN COOP C Corporation 19810 483802 1.0000 true true false false false false false false false false true true false false false false false true true false WKIJ COMMUNICATIONS R 252244 CASH WKIJ COMMUNICATIONS A 2398 CASH