RURITAN NATIONAL CORPORATION SPOUT… - Form 990 Financial Data

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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

2012

Legal Domicile

Principal Officer

ALVIN R EVANS SR

Phone

4349933889

Tax Period

2023-01-01 to 2023-12-31

RURITAN NATIONAL CORPORATION SPOUT SPRING RURITAN CLUB, founded in 2012, is a micro nonprofit that reported $37K in total revenue in fiscal year 2023. Expenses of $289K exceeded revenue, resulting in a 678% operating deficit.

Mission

A NONPROFIT CLUB OF THE NATIONAL RURITAN THAT RAISES MONEY WHICH IS THEN RETURNED TO VARIOUS CHARITABLE AND COMMUNITY SERVICES, LOCAL VALUNTEER FIRE AND RESCUE PLUS SCHOLARSHIP FUNDS

Program Service Accomplishments

Program 1

Expenses: $68,216

CONTRIBUTIONS TO NATIONAL AD LOCAL CHARITIES, EDUCATIONAL NEEDS FOR AREA SCHOOLS, COMMUNITY SERVICE FOR YOUTH SPORTS AND DEPRESSED FAMILIES (NEEDY)

Program 2

Expenses: $42,000

SCHOLARSHIPS FOR EDUCATOINAL NEEDS FOR HIGHER LEARNING AND RURITAN NATIONAL

Program 3

Expenses: $28,000

CONTRIBUTIONS TO LOCAL VOLUNTEER FIRE AND RESCUE DEPARTMENTS: 1. Concord Volunteer Fire Department $5,000.002. Appomattox Volunteer Fire Department $5,000.003. Historic Appomattox Railroad Festival $6,000.004. Pamplin Volunteer Fire Department New Truck $5,000.006. Red House Volunteer Fire Department $5,000.00

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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 $3,774

Program Service Revenue $0

Investment Income $5,524

Other Revenue $27,902

TOTAL REVENUE $37,200

Expense Breakdown

Grants Paid $124,987

Salaries & Benefits $7,586

Fundraising Expenses $0

Program Expenses $138,216

Other Expenses $156,903

TOTAL EXPENSES $289,476

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,200	$-36,473	-2.0%
Expenses	$289,476	$352,402	-0.2%
Net Income	$-252,276	$-388,875	-0.4%

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

Volunteers

115

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

$3,585

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA ARTHUR	DIRECTOR & TRUSTEE	4.00	Director	$0	$0	$0
AILEEN FERGUSON	DIRECTOR	4.00	Director	$0	$0	$0
MARK FRANKLIN	DIRECTOR	4.00	Director	$0	$0	$0
LELIA JOHNSON	SECRETARY	10.00	Officer	$1,195	$0	$1,195
CARLA TORRENCE	BINGO TREASURER	20.00	Officer	$1,195	$0	$1,195
JOYCE HARRIS	CLUB TREASURER	5.00	Officer	$1,195	$0	$1,195
RUSSELL EVANS	VICE PRESIDENT	10.00	Officer	$0	$0	$0
LEON MOORE	PRESIDENT	30.00	Officer	$0	$0	$0
R M HARRIS	TRUSTEE	4.00	Officer	$0	$0	$0
SAM SCOTT	TRUSTEE	4.00	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	$37,200	$289,476	$2,120,357	$-252,276
2022	$-36,473	$352,402	$2,372,633	$-388,875
2021	$40,553	$292,792	$2,761,508	$-252,239
2019	$374,164	$244,164	$2,961,507	$130,000
2018	$373,089	$306,788	$2,831,507	$66,301

RURITAN NATIONAL CORPORATION SPOUT SPRING RURITAN CLUB