REI DEVELOPMENT CORP (EIN 300071074) - 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

2002

Legal Domicile

Principal Officer

SCOTT DEWALD

Phone

5809245094

Tax Period

2024-01-01 to 2024-12-31

REI DEVELOPMENT CORP, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $3.2M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $997K, a strong 31% operating margin.

Mission

THE CORPORATION EXPANDS OPPORTUNITIES FOR OKLAHOMANS BY PROVIDING ECONOMIC DEVELOPMENT ACTIVITIES IN DISTRESSED AREAS OF OKLAHOMA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,152,784

Investment Income $69,635

Other Revenue $1,257

TOTAL REVENUE $3,223,676

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,215,732

Fundraising Expenses $0

Program Expenses $2,052,009

Other Expenses $1,011,428

TOTAL EXPENSES $2,227,160

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,223,676	$2,804,959	+0.1%
Expenses	$2,227,160	$1,912,849	+0.2%
Net Income	$996,516	$892,110	+0.1%

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

$1,090,247

Total Directors

$530,042

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAYTON TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
JEFF GREENLEE	DIRECTOR	1.00	Director	$0	$0	$0
KYLE HUGHBANKS	DIRECTOR	1.00	Director	$0	$0	$0
MARTIN VANMETER	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT DEWALD	PRESIDENT/CEO	19.00	Officer Director	$0	$42,667	$530,042
DEBBIE PARTIN	EXECUTIVE VICE PRESIDENT	24.00	Officer	$0	$26,713	$286,933
LORI HILL	TRASURER/SECRETARY	23.00	Officer	$0	$23,040	$273,272

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	$3,223,676	$2,227,160	$7,095,537	$996,516
2023	$2,804,959	$1,912,849	$5,808,833	$892,110
2022	$1,946,749	$1,781,084	$5,483,409	$165,665
2021	$1,742,027	$1,984,558	$6,814,978	$-242,531
2020	$2,539,238	$2,100,701	$7,379,770	$438,537
2019	$3,377,760	$3,336,168	$7,504,048	$41,592
2018	$2,482,332	$3,644,192	$6,173,674	$-1,161,860

REI DEVELOPMENT CORP