Thundercloud INC EIN 84-4192476

Thundercloud INC FY2022 filing

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Builds and manages a high-speed internet network for underserved areas. For fiscal year 2022 it reported $95K in revenue, $398K in expenses, and $1.9M in net assets.Pt I

Founded
2019
Type
Membership association · Human Services
Location
Huntington, WV
Website
www.thundercloudwv.com
Filings
5 on file (2020–2022)
Revenue
$95KFY2022
Expenses
$398K
Net assets
$1.9M
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  84-4192476 Membership association Huntington, WV Founded 2019
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 8/20/26 · see original: IRS
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Size
$1–10M
What they do
Builds and manages a high-speed internet network for underserved areas.
Leadership
Robert Plymale · Chair
Money in and out
$95K revenue, $398K expenses
Bottom line
-320% operating surplus
Membership & operating revenue · FY2022
Total revenue
$95K
Pt VIII · Ln 12
Total expenses
$398K
Pt IX · Ln 25
Net assets
$1.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$303K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Operating surplus
-320%
revenue over expenses
Earned revenue
0%
of revenue from program services & dues
Payroll share
0%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$95K
FY2022▲ +394%
Expenses
$398K
FY2022▲ +133%
Total assets
$1.9M
FY2022▼ -14%
Total liabilities
$0
FY2022
Total revenue
$95K
Pt VIII · Ln 12
Total expenses
$398K
Pt IX · Ln 25
Net assets
$1.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$303K
Total assetsPt X · Ln 16$1.9M
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $395K of program spending, described in the organization's own filed words · FY2022.
01

Construction and facilitation of open-access fiber-optic broadband network for underserved region.

$395Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThundercloud INC
EINHdr · item D84-4192476
Principal addressHdr · item CHuntington, WV
WebsiteHdr · item Jwww.thundercloudwv.com
Year of formationHdr · item L2019
State of legal domicileHdr · item MWV
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFApr 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$91K · 96%
Investment income$4K · 4%
Contributions & grants96%$91K
Investment income4%$4K
— government grantsLn 1e$90K
Total revenueLn 12$95K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$395K
Management & general1%$3K
Total functional expensesLn 25$398K

Balance Sheet

Part X · end of year
CashLn 1$1.9M
Total assetsLn 16$1.9M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.9M
Months of cash on handcomputed57.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.9M · Operating expenses/yr $398K
57.3 months
Where the money goes
Program services
Program services $395K · Total expenses $398K
99%
Management & General
Management & general $3K · Total expenses $398K
0.7%
Fundraising
Fundraising $0 · Total expenses $398K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $533
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $91K · Total revenue $95K
96%
Government reliance
Government grants $90K · Total revenue $95K
95%
Earned-income share
Program service revenue $0 · Total revenue $95K
0%
Investment reliance
Investment income $4K · Total revenue $95K
+4%
Program self-sufficiency
Program service revenue $0 · Total expenses $398K
0%
Growth & trend
Revenue growth (YoY)
This year $95K · Prior year $19K
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $1.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $95K · Expenses $398K
-320%
Liabilities-to-Assets
Total liabilities — · Total assets $1.9M
Net-asset ratio
Net assets $1.9M · Total assets $1.9M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $1.9M
0%
People & payroll
Highest Reported Total Compensation
Individual Robert Plymale · Reported title CHAIR · Highest reported compensation $0 · Total expenses $398K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $398K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 0.7%
Fundraising cost ratio 0%
Revenue growth 394%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.6%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$6.1M revenue · ⤓ 990 PDF
FY2023$26K revenue · ⤓ 990 PDF
FY2022$95K revenue · viewing · ⤓ 990 PDF
FY2021$19K revenue · ⤓ 990 PDF
FY2020$2.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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