HANCOCK RURAL TELEPHONE CORPORATION DBA NINESTAR CONNECT (EIN 350914373) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1950

Legal Domicile

Principal Officer

SCOTT HIATT

Phone

3173263131

Tax Period

2023-01-01 to 2023-12-31

HANCOCK RURAL TELEPHONE CORPORATION DBA NINESTAR CONNECT, founded in 1950, is a mid-sized nonprofit that reported $61.8M in total revenue in fiscal year 2023. Expenses of $58.2M left a modest 6% surplus.

Mission

PROVIDING SUPERIOR ELECTRIC AND VARIOUS TELECOMMUNICATION PRODUCTS AND SERVICES TO OUR CUSTOMERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $60,140,856

Investment Income $900,882

Other Revenue $758,094

TOTAL REVENUE $61,799,832

Expense Breakdown

Grants Paid $13,000

Salaries & Benefits $1,724,485

Fundraising Expenses $0

Program Expenses $58,214,132

Other Expenses $54,570,340

TOTAL EXPENSES $58,214,132

Year-over-Year Comparison

	2023	2022	Change
Revenue	$61,799,832	$58,752,932	+0.1%
Expenses	$58,214,132	$56,884,228	+0.0%
Net Income	$3,585,700	$1,868,704	+0.9%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,543,572

Total Directors

$238,713

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAYMOND KERKHOF	CHAIRMAN	8.00	Officer Director	$21,300	$0	$21,300
STEPHEN VAIL	VICE CHAIRMAN	7.00	Officer Director	$18,200	$0	$18,200
CHARLES KENNEDY	SECRETARY/TREASURER	5.00	Officer Director	$18,300	$0	$18,300
JAMES CHERRY	DIRECTOR	7.00	Director	$5,925	$0	$5,925
MARK EVANS	DIRECTOR	5.00	Director	$14,500	$0	$14,500
JACK NEGLEY	DIRECTOR	6.00	Director	$17,700	$0	$17,700
PHILIP HAYES	DIRECTOR	8.00	Director	$18,400	$0	$18,400
SUSAN BODKIN	DIRECTOR	5.00	Director	$17,700	$0	$17,700
THOMAS ORDING	DIRECTOR	5.00	Director	$17,700	$0	$17,700
JOSEPH PAXTON	DIRECTOR	5.00	Director	$17,700	$0	$17,700
SCOTT PITTMAN	DIRECTOR	6.00	Director	$17,700	$0	$17,700
ROBIN RICHEY	DIRECTOR	6.00	Director	$17,700	$0	$17,700
TIMOTHY BRYANT	DIRECTOR	4.00	Director	$17,700	$0	$17,700
DARRELL THOMAS	DIRECTOR	2.00	Director	$3,413	$0	$3,413
RICHARD GRIFFIN	DIRECTOR	7.00	Director	$14,775	$0	$14,775
MIKE BURROW	PRESIDENT & CEO	50.00	Officer	$371,927	$123,893	$495,820
SCOTT HIATT	CHIEF FINANCIAL OFFICER	47.00	Officer	$220,426	$79,508	$299,934
REGINA BEVER	VP OF ADMINISTRATION	43.00	Officer	$179,382	$53,466	$232,848
JEFF CONLEY	VP OF OPERATIONS	44.00	Officer	$153,151	$51,781	$204,932
ROSS FERSON	CHIEF TECHNOLOGY OFFICER	45.00	Officer	$188,872	$63,366	$252,238
JAMIE BELL	CONSTRUCTION ENGINEER	52.00	Highest	$121,076	$49,499	$170,575
THOMAS NANCE	DIRECTOR OF ELECTRIC OPERATIONS	49.00	Highest	$134,351	$50,501	$184,852
KORY CHAPMAN	JORNEYMAN LINEMAN	48.00	Highest	$129,697	$51,630	$181,327
AUSTIN GEARLDS	JORNEYMAN LINEMAN	48.00	Highest	$137,227	$36,145	$173,372
BRYAN GIDDINGS	LEAD LINEMAN	52.00	Highest	$163,458	$39,406	$202,864

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$61,799,832	$58,214,132	$256,602,138	$3,585,700
2022	$58,752,932	$56,884,228	$234,385,558	$1,868,704
2019	$51,230,558	$47,803,900	$147,768,424	$3,426,658
2018	$51,760,928	$46,936,657	$127,347,102	$4,824,271

HANCOCK RURAL TELEPHONE CORPORATION DBA NINESTAR CONNECT