New Hope Telephone Cooperative
Nonprofit profile at a glance
- EIN
- 300316192
- IRS 990 coverage
- 2021–2024
- Forms available
- Form 990 2024
- Location
- New Hope, VA, USA
- Phone
- 5403635277
- Rating confidence
- Limited
- Sector
- Telecommunications
Reported finances
- Revenue
- $2,337,681
- Expenses
- $2,244,521
- Assets
- $10,581,276
- Liabilities
- $4,810,478
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- LARRY POWELL (PRESIDENT)
- DANIEL PHILLIPS (VICE PRESIDENT)
Highest reported compensation
- TIMOTHY HARRIS (GEN MGR & EXEC VP): $115,556 total reported compensation
- JILL LEVINE (SEC/TREAS): $71,497 total reported compensation
- LARRY POWELL (PRESIDENT): $14,437 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To create and maintain a quality communications system for customers of the new hope telephone cooperative, providing as many of their communications needs as practical.
What it reported doing in 2024
Provided telephone and broadband services to 740 members in its service area.
Operating model
- Revenue model
- Earned-program. 95% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 90
- Accountability: 77
- Sustainability: 53
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 4%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 4.71; rating input score 83; 83rd percentile among comparable filings
- Liabilities to assets ratio: 0.45; rating input score 23; 23rd percentile among comparable filings
- Officer compensation ratio: 9.9%; rating input score 30; 30th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 3.5% per year; rating input score 100; 30th percentile among comparable filings
- Asset growth: 0.3% per year; rating input score 100; 13th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 9 of 9 board members independent · 4 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $116K · 11 people listed
- Consistency: 12 of 12 current checks pass
- Schedules: 2 filed schedules
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: 11 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 5 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 48/100.
- High — Sustainability: Liabilities to assets ratio scored 23/100.
- Moderate — Sustainability: Officer compensation ratio scored 30/100.