Hardy Telecommunications Inc

EIN: 550398418

Lost River, WV

Total Revenue
$16,512,012
Total Expenses
$12,852,555
Total Assets
$40,012,700
Net Assets
$34,772,987
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1953
Legal Domicile
WV
Principal Officer
SCOTT SHERMAN
Phone
3048979911
Tax Period
2024-01-01 to 2024-12-31

Hardy Telecommunications Inc, founded in 1953, is a mid-sized nonprofit that reported $16.5M in total revenue in fiscal year 2024. The organization ran a surplus of $3.7M, a strong 22% operating margin.

Mission

HARDY TELECOMMUNICATIONS, INC. IS A CUSTOMER-OWNED PROVIDER OF COMMUNICATIONS AND INFORMATION SERVICES, COMMITTED TO INNOVATION, AND DEDICATED TO ENHANCING THE QUALITY OF LIFE IN THE COMMUNITIES WE SERVE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $15,628,751
Investment Income $192,162
Other Revenue $691,099
TOTAL REVENUE $16,512,012

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $12,852,555
Other Expenses $12,852,555
TOTAL EXPENSES $12,852,555

Year-over-Year Comparison

2024 2023 Change
Revenue $16,512,012 $15,816,947 +0.0%
Expenses $12,852,555 $12,261,598 +0.0%
Net Income $3,659,457 $3,555,349 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
48
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
4
$11,050
Total Directors
9
$29,350
Key Employees
1
$252,715
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREG ZIRK PRESIDENT 4.00
Officer Director
$4,450 $0 $4,450
PHYLLIS COOK VICE PRESIDENT 3.00
Officer Director
$2,600 $0 $2,600
VICTORIA DYER SECRETARY 3.00
Officer Director
$2,000 $0 $2,000
HAROLD MICHAEL TREASURER 3.00
Officer Director
$2,000 $0 $2,000
WARD MALCOLM MEMBER 3.00
Director
$5,150 $0 $5,150
GERALD SMITH MEMBER 3.00
Director
$2,800 $0 $2,800
ERVIN WILKINS JR MEMBER 3.00
Director
$5,950 $0 $5,950
REED WILLIAMS MEMBER 3.00
Director
$2,400 $0 $2,400
LAURA KESSEL MEMBER 3.00
Director
$2,000 $0 $2,000
SCOTT SHERMAN GENERAL MANAGER 40.00
Key Emp
$252,715 $0 $252,715
DEREK BARR EMPLOYEE 1.00
Highest
$152,788 $0 $152,788
JEFFREY SITES EMPLOYEE 1.00
Highest
$132,201 $0 $132,201
STEVEN POLING EMPLOYEE 1.00
Highest
$127,072 $0 $127,072
DONALD WHETZEL EMPLOYEE 1.00
Highest
$122,611 $0 $122,611
BOBBY ARMISTEAD EMPLOYEE 1.00
Highest
$114,952 $0 $114,952
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 $16,512,012 $12,852,555 $40,012,700 $3,659,457
2023 $15,816,947 $12,261,598 $37,995,264 $3,555,349
2022 $14,172,757 $11,366,947 $35,694,804 $2,805,810
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