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Filing year 2024

NEW HOPE TELEPHONE COOPERATIVE

New Hope, Alabama·EIN 63-0321560·12
Total revenue
$13.9M
Total assets
$42.7M
Total expenses
$10.6M
Reported officers
11
Mission

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

Executive compensation, broken down

Form 990 · Schedule J · 11 reported individuals · Filing year 2024

Manager
officer (unspecified)
$255k
$270k
Base
$255k
Bonus
Other
Benefits
Manager Administrative Services
unclassified
$141k
$149k
Director
board member
$18k
$19k
$17k
$18k
Secretary
officer (unspecified)
$15k
$16k
Treasurer
officer (unspecified)
$15k
$16k
Vice President
vice president
$15k
$16k
Director
board member
$14k
$15k
Director
board member
$14k
$15k
Director
board member
$11k
$11k
Director
board member
$9k
$10k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 12%
from 2023

From $228k in 2023 to $255k in 2024.

$228k
2023
$255k
2024
In today's dollarsEst.
Up 9% in real terms$248k to $270k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

NEW HOPE TELEPHONE COOPERATIVE reported revenue and expenses across 2 filing years.

RevenueExpenses
$12.4M
$10.6M
2023
$13.9M
$10.6M
2024
Total revenue and total expenses from IRS Form 990 filings.
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