Rural Health Innovation Collaborative Inc

EIN: 271374208 501(c)(3) Health Care

Terre Haute, IN

Total Revenue
$1,547,712
Total Expenses
$1,613,281
Total Assets
$911,831
Net Assets
$820,538
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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
2009
Legal Domicile
IN
Principal Officer
Jack Jaeger
Phone
8122378489
Tax Period
2024-07-01 to 2025-06-30

Rural Health Innovation Collaborative Inc, founded in 2009, is a community nonprofit in the Health Care sector that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

The mission of the Rural Health Innovation Collaborative (RHIC) is to advance the health and wellness of the public through the innovative, interprofessional education and training of current and future healthcare professionals.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $260,000
Program Service Revenue $1,287,712
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,547,712

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,050,808
Fundraising Expenses $14,330
Program Expenses $1,500,903
Other Expenses $562,473
TOTAL EXPENSES $1,613,281

Year-over-Year Comparison

2024 2023 Change
Revenue $1,547,712 $1,358,122 +0.1%
Expenses $1,613,281 $1,397,276 +0.2%
Net Income $-65,569 $-39,154 +0.7%
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

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Governance

Voting Members
7
Independent Members
7
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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jack Jaeger Executive Dir, Ex-Officio 40.00
Director
$0 $0 $0
Steve Holman President 0.50
Officer Director
$0 $0 $0
Taihung Duong Vice President 0.50
Officer Director
$0 $0 $0
TJ Warren Treasurer 0.50
Officer Director
$0 $0 $0
Lea Anne Crooks Secretary 0.50
Officer Director
$0 $0 $0
Matthew Ford Director, Ex-Officio 0.50
Director
$0 $0 $0
Mel Burks Director 0.50
Director
$0 $0 $0
Kim Streeter Director, Ex-Officio 0.50
Director
$0 $0 $0
Chris Olsen Director 0.50
Director
$0 $0 $0
Brennan Randolph Director 0.50
Director
$0 $0 $0
Jackie Mathis Director, Ex-Officio 0.50
Director
$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
2025 $1,547,712 $1,613,281 $911,831 $-65,569
2024 $1,358,122 $1,397,276 $974,447 $-39,154
2023 $1,102,732 $1,188,425 $1,010,925 $-85,693
2022 $1,101,562 $998,511 $1,078,302 $103,051
2021 $957,245 $934,388 $1,007,842 $22,857
2020 $1,032,977 $968,315 $972,051 $64,662
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