RUNESTONE TELEPHONE ASSOCIATION (EIN 410733426) - 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

1949

Legal Domicile

Principal Officer

KENT HEDSTROM

Phone

3209862013

Tax Period

2024-01-01 to 2024-12-31

RUNESTONE TELEPHONE ASSOCIATION, founded in 1949, is a mid-sized nonprofit that reported $13.0M in total revenue in fiscal year 2024. The organization ran a surplus of $2.2M, a strong 17% operating margin.

Mission

PROVIDE RELIABLE TELECOMMUNICATION SERVICES TO COOPERATIVE MEMBERS

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $12,648,751

Investment Income $172,934

Other Revenue $173,052

TOTAL REVENUE $12,994,737

Expense Breakdown

Grants Paid $0

Salaries & Benefits $773,912

Fundraising Expenses $0

Other Expenses $7,122,715

TOTAL EXPENSES $10,804,764

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,994,737	$12,390,032	+0.0%
Expenses	$10,804,764	$10,466,406	+0.0%
Net Income	$2,189,973	$1,923,626	+0.1%

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

$400,004

Total Directors

$62,970

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENT HEDSTROM	GENERAL MANAGER/CEO	40.00	Officer	$275,532	$86,672	$362,204
RUSS FROEMMING	NETWORK TECHNICIAN	40.00	Highest	$132,986	$56,339	$189,325
RYAN SCHONHARDT	OFFICE MANAGER/CFO	40.00	Highest	$126,111	$47,264	$173,375
CHRIS VELDHOUSE	OUTSIDE PLANT MANAGER	40.00	Highest	$114,642	$54,752	$169,394
ROBERT LEEGAARD	PRESIDENT	1.00	Officer Director	$12,780	$0	$12,780
TORY BELGUM	VICE PRESIDENT	1.00	Officer Director	$12,780	$0	$12,780
JOHN KAPPHAHN	SECRETARY/TREASURER	1.00	Officer Director	$12,240	$0	$12,240
RICHARD STAPLES	DIRECTOR	1.00	Director	$13,080	$0	$13,080
JOLENE VIPOND	DIRECTOR	1.00	Director	$12,090	$0	$12,090

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	$12,994,737	$10,804,764	$40,230,575	$2,189,973
2023	$12,390,032	$10,466,406	$37,028,271	$1,923,626
2022	$11,787,535	$8,299,942	$33,594,503	$3,487,593
2021	$11,495,965	$10,585,142	$32,214,901	$910,823
2020	$11,079,391	$9,133,723	$29,399,452	$1,945,668
2019	$10,869,301	$7,877,834	$26,137,925	$2,991,467
2018	$7,803,875	$7,554,588	$22,339,066	$249,287

RUNESTONE TELEPHONE ASSOCIATION