NEW HOPE TELEPHONE COOPERATIVE (EIN 630321560) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1951

Legal Domicile

Phone

2567234211

Tax Period

2023-01-01 to 2023-12-31

NEW HOPE TELEPHONE COOPERATIVE, founded in 1951, is a mid-sized nonprofit that reported $12.9M in total revenue in fiscal year 2018. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $11.8M left a modest 9% surplus.

Mission

TO PROVIDE TELECOMMUNICATION SERVICES TO MEMBERS OF THE COOPERATIVE LOCATED IN ITS RURAL SERVICE AREA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $12,241,115

Investment Income $204,339

Other Revenue $3,436

TOTAL REVENUE $12,448,890

Expense Breakdown

Grants Paid $0

Salaries & Benefits $488,202

Fundraising Expenses $0

Program Expenses $10,183,355

Other Expenses $9,695,153

TOTAL EXPENSES $10,614,969

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,448,890	$13,040,075	0.0%
Expenses	$10,614,969	$9,794,628	+0.1%
Net Income	$1,833,921	$3,245,447	-0.4%

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

N/A

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

$282,195

Total Directors

$124,982

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL MARTIN	MANAGER	40.00	Officer	$227,509	$0	$227,509
TAMMY WEEKS	MANAGER ADMINISTRATIVE SERVICES	40.00		$135,712	$0	$135,712
JIM DUNCAN	Director	3.00	Director	$20,776	$0	$20,776
JOEY CRAIG	Director	3.00	Director	$16,946	$0	$16,946
CALVIN BEARDEN	Secretary	3.00	Officer Director	$16,723	$0	$16,723
JERRY O'NEAL	Director	3.00	Director	$16,083	$0	$16,083
RANDY MORRISON	Vice President	3.00	Officer Director	$15,435	$0	$15,435
GARLAND ELDERS	President	3.00	Officer Director	$12,369	$0	$12,369
MIKE WHITAKER	Treasurer	3.00	Officer Director	$10,159	$0	$10,159
PRESTON WHITAKER	Director	3.00	Director	$8,435	$0	$8,435
BARRY JONES	Director	3.00	Director	$5,200	$0	$5,200
JEFFERY CANTRELL	Director	3.00	Director	$2,856	$0	$2,856

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	$12,448,890	$10,614,969	$40,061,623	$1,833,921
2022	$13,040,075	$9,794,628	$39,373,996	$3,245,447
2021	$12,900,779	$10,066,216	$37,548,227	$2,834,563
2020	$12,999,419	$10,202,185	$36,978,185	$2,797,234
2019	$13,674,476	$11,644,843	$36,685,780	$2,029,633
2018	$12,866,517	$11,754,528	$36,309,378	$1,111,989

NEW HOPE TELEPHONE COOPERATIVE