RURAL DEVELOPMENT INC (EIN 223139262) - 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

1991

Legal Domicile

Principal Officer

GINA GOVONI

Phone

4138639781

Tax Period

2022-07-01 to 2023-06-30

RURAL DEVELOPMENT INC, founded in 1991, is a small nonprofit in the Housing & Shelter sector that reported $924K in total revenue in fiscal year 2022. Revenue surged 120% from the prior year, signaling strong growth momentum. The organization ran a surplus of $171K, a strong 19% operating margin.

Mission

IT IS THE MISSION OF RURAL DEVELOPMENT, INC. (RDI) TO ADVANCE THE RIGHT OF ALL PEOPLE IN FRANKLIN COUNTY AND THE NORTH QUABBIN REGION TO OCCUPY ENVIRONMENTALLY RESPONSIBLE, ENERGY EFFICIENT, AFFORDABLE HOUSING AND TO IMPROVE ECONOMIC INDEPENDENCE. RDI STRIVES TO PROMOTE ENVIRONMENTAL AWARENESS AND TO OPERATE IN A MANNER THAT IS RESPECTFUL OF THE RURAL CHARACTER OF OUR REGION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $176,949

Program Service Revenue $632,897

Investment Income $11,654

Other Revenue $102,850

TOTAL REVENUE $924,350

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $491,551

Other Expenses $753,234

TOTAL EXPENSES $753,234

Year-over-Year Comparison

	2022	2021	Change
Revenue	$924,350	$420,362	+1.2%
Expenses	$753,234	$798,795	-0.1%
Net Income	$171,116	$-378,433	-1.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA DUNLAVY	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTOPHER SIKES	VICE PRESIDENT (UNTIL 10/2022)	0.00	Officer Director	$0	$0	$0
CLARE HIGGINS	TREASURER	1.00	Officer Director	$0	$0	$0
REGINA CURTIS	SECRETARY	1.00	Officer Director	$0	$0	$0
LESLIE BROWN	DIRECTOR	1.00	Director	$0	$0	$0
LEVI ROMAN	DIRECTOR	1.00	Director	$0	$0	$0
BILL BREITBART	DIRECTOR	1.00	Director	$0	$0	$0
FAITH WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
SHAUNDELL DIAZ	DIRECTOR	1.00	Director	$0	$0	$0
GINA GOVONI	EXECUTIVE DIRECTOR	20.00	Officer	$0	$0	$0

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	$924,350	$753,234	$3,657,284	$171,116
2023	$347,138	$344,631	$3,506,538	$2,507
2022	$420,362	$798,795	$13,267,936	$-378,433
2021	$1,607,553	$782,529	$6,024,870	$825,024
2020	$292,513	$460,603	$3,502,526	$-168,090
2019	$301,633	$576,482	$3,432,475	$-274,849
2018	$328,547	$562,061	$3,582,981	$-233,514

RURAL DEVELOPMENT INC