CENTRAL APPALACHIAN RURAL INVESTMENT CORPORATION (EIN 204780639) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

BRENDA MCDANIEL

Phone

6068645175

Tax Period

2023-01-01 to 2023-12-31

CENTRAL APPALACHIAN RURAL INVESTMENT CORPORATION, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $304K in total revenue in fiscal year 2023.

Mission

THE ORGANIZATION IS THE SOLE MEMBER OF ECLIPSE MANAGEMENT, LLC (EIN: 20-3676183) WHICH SERVES AS THE GENERAL PARTNER OF MERITUS VENTURES, LP. MERITUS VENTURES, LP IS CERTIFIED AS A RURAL BUSINESS INVESTMENT COMPANY (RBIC) BY THE RURAL BUSINESS INVESTMENT PROGRAM (RBIP). AS GENERAL PARTNER, ECLIPSE MANAGEMENT, LLC WILL PROVIDE INVESTMENT ADVISORY SERVICES TO MERITUS VENTURES, LP TO INSURE PROGRAM RELATED COHESIVE AND PRUDENT INVESTMENTS IN THE APPALACHIAN CORRIDOR.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $303,826

Investment Income $0

Other Revenue $0

TOTAL REVENUE $303,826

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $303,826

Other Expenses $303,841

TOTAL EXPENSES $303,841

Year-over-Year Comparison

	2023	2022	Change
Revenue	$303,826	$303,826	N/A
Expenses	$303,841	$303,841	N/A
Net Income	$-15	$-15	N/A

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

Employees

N/A

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

$1,015,620

Total Directors

$1,015,620

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENDA MCDANIEL	TREASURER	1.00	Officer Director	$458,267	$76,254	$534,521
THOMAS ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
GRADY VANDERHOOFVEN	VICE-PRESIDENT	1.00	Officer Director	$348,945	$42,154	$391,099
L RAY MONCRIEF	DIRECTOR	1.00	Officer Director	$90,000	$0	$90,000

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	$303,826	$303,841	$293,376	$-15
2022	$303,826	$303,841	$173,134	$-15
2021	$303,826	$303,841	$174,968	$-15
2020	$303,826	$303,841	$175,010	$-15
2019	$322,784	$322,799	$174,933	$-15
2018	$531,322	$531,337	$384,544	$-15

CENTRAL APPALACHIAN RURAL INVESTMENT CORPORATION