HEMINGFORD CO-OP TELEPHONE COMPANY (EIN 470187450) - 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

1930

Legal Domicile

Principal Officer

RYAN GASSELING

Phone

3084873311

Tax Period

2023-01-01 to 2023-12-31

HEMINGFORD CO-OP TELEPHONE COMPANY, founded in 1930, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2023. Net assets of $12.2M represent 52 months of operating reserves.

Mission

PROVIDE TELECOMMUNICATIONS SERVICE TO RESIDENTS IN WESTERN NEBRASKA

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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 $2,693,942

Investment Income $100,281

Other Revenue $0

TOTAL REVENUE $2,794,223

Expense Breakdown

Grants Paid $0

Salaries & Benefits $934,113

Fundraising Expenses $0

Other Expenses $1,810,334

TOTAL EXPENSES $2,744,447

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,794,223	$2,761,583	+0.0%
Expenses	$2,744,447	$2,699,322	+0.0%
Net Income	$49,776	$62,261	-0.2%

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

Total Directors

$32,655

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN GASSELING	PRESIDENT	1.00	Director	$4,760	$0	$5,740
BRAD DELSING	SECRETARY	1.00	Director	$4,480	$0	$5,460
DAVID ROES	DIRECTOR	1.00	Director	$4,165	$0	$5,145
GREG HANSEN	VICE PRESIDE	1.00	Director	$3,920	$0	$5,040
BRUCE WINTEN	DIRECTOR	1.00	Director	$4,165	$0	$4,900
ED WERNKE	DIRECTOR	1.00	Director	$2,695	$0	$3,675
JESSICA DAVIES	DIRECTOR	1.00	Director	$1,960	$0	$2,695

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
2023	$2,794,223	$2,744,447	$16,374,954	$49,776
2022	$2,761,583	$2,699,322	$15,824,477	$62,261
2020	$2,481,963	$2,425,647	$15,965,893	$56,316
2019	$2,535,856	$2,467,898	$15,323,014	$67,958
2018	$2,661,153	$2,456,224	$14,999,021	$204,929

HEMINGFORD CO-OP TELEPHONE COMPANY