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Filing year 2024

RUNESTONE TELEPHONE ASSOCIATION

Hoffman, Minnesota·EIN 41-0733426·501(c)(12)
Total revenue
$13M
Total assets
$40.2M
Total expenses
$10.8M
Reported officers
9
Mission

PROVIDE RELIABLE TELECOMMUNICATION SERVICES TO COOPERATIVE MEMBERS AT REASONABLE RATES, WHILE RESPECTING EMPLOYEES AND CUSTOMERS.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 9 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

General Manager/ceo
Officer (Unspecified)
$362k
$390k
Base
$276k
Bonus
Other
Benefits
$34k
Network Technician
Highest Compensated Employee
Median to 75th percentile
$189k
$204k
Base
$133k
Bonus
Other
Benefits
$32k
Office Manager/cfo
Highest Compensated Employee
Median to 75th percentile
$173k
$187k
Base
$126k
Bonus
Other
Benefits
$24k
Outside Plant Manager
Highest Compensated Employee
Median to 75th percentile
$169k
$182k
Base
$115k
Bonus
Other
Benefits
$32k
Director
Board Member
25th percentile to median
$13k
$14k
President
Below 10th percentile
$13k
$14k
Vice President
25th percentile to median
$13k
$14k
Secretary/treasurer
Officer (Unspecified)
$12k
$13k
Director
Board Member
25th percentile to median
$12k
$13k

Teal figures restate each filed amount in 2026 dollars.

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

Up 2%
from 2023

From $355k in 2023 to $362k in 2024.

$355k
2023
$362k
2024
In today's dollarsEst.
Down 1% in real terms$392k to $390k

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

Pay for the position

Highest Compensated Employee pay rose 2% from 2023 to 2024, while revenue rose 5%.

$186k in 2023 to $189k in 2024.
  • Board Member pay rose 2% from 2023 to 2024.
  • Chief Executive Officer pay fell 7% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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

Revenue and expenses over time

RUNESTONE TELEPHONE ASSOCIATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$12.4M
$10.5M
2023
$13M
$10.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about RUNESTONE TELEPHONE ASSOCIATION

What does the Highest Compensated Employee of RUNESTONE TELEPHONE ASSOCIATION earn?

In 2024, the Highest Compensated Employee of RUNESTONE TELEPHONE ASSOCIATION received $189,325 in total compensation. This pay is above the median (the midpoint) for Highest Compensated Employee roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Highest Compensated Employee pay at RUNESTONE TELEPHONE ASSOCIATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Highest Compensated Employee at RUNESTONE TELEPHONE ASSOCIATION falls between the median and the 75th percentile.

What are RUNESTONE TELEPHONE ASSOCIATION's revenue and expenses?

In 2024, RUNESTONE TELEPHONE ASSOCIATION reported $13M in total revenue and $10.8M in total expenses on its IRS Form 990.

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