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Filing year 2024

RUNESTONE TELEPHONE ASSOCIATION

Hoffman, Minnesota·EIN 41-0733426·12
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 · Schedule J · 9 reported individuals · Filing year 2024

General Manager/ceo
officer (unspecified)
$362k
$390k
Base
$276k
Bonus
Other
Benefits
$34k
Network Technician
highest compensated employee
$189k
$204k
Base
$133k
Bonus
Other
Benefits
$32k
Office Manager/cfo
highest compensated employee
$173k
$187k
Base
$126k
Bonus
Other
Benefits
$24k
Outside Plant Manager
highest compensated employee
$169k
$182k
Base
$115k
Bonus
Other
Benefits
$32k
Director
board member
$13k
$14k
$13k
$14k
Vice President
vice president
$13k
$14k
Secretary/treasurer
officer (unspecified)
$12k
$13k
Director
board member
$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.

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.
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