RCIL - SOUTHEASTERN MINNESOTA BARR… - 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

1987

Legal Domicile

Principal Officer

KARL SONNEMAN

Phone

6515652638

Tax Period

2023-10-01 to 2024-09-30

RCIL - SOUTHEASTERN MINNESOTA BARRIER FREE HOUSING CORPORATION, founded in 1987, is a small nonprofit that reported $325K in total revenue in fiscal year 2023.

Mission

THE ORGANIZATION OPERATES 2 APARTMENTS BUILDINGS THAT ARE DESIGNED TO PROVIDE HANDICAPPED INDIVIDUALS WITH ACCESSIBLE HOUSING AND OTHER SERVICES THAT ACCOMODATE THEIR PARTICULAR NEEDS TO INDEPENDENT LIVING.

Program Service Accomplishments

Program 1

Expenses: $284,173 Revenue: $322,874

SUBSIDIZED APARTMENT BUILDINGS PROVIDING HOUSING AND OTHER SERVICES TO LOW-INCOME AND HANDICAPPED INDIVIDUALS.

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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 $319,077

Investment Income $2,264

Other Revenue $3,797

TOTAL REVENUE $325,138

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $284,173

Other Expenses $322,931

TOTAL EXPENSES $322,931

Year-over-Year Comparison

	2023	2022	Change
Revenue	$325,138	$315,371	+0.0%
Expenses	$322,931	$351,069	-0.1%
Net Income	$2,207	$-35,698	-1.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL KEY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KARL SONNEMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
TAMMY FIEDLER	TREASURER	1.00	Officer Director	$0	$0	$0
LAURA MIELKE	SECRETARY	1.00	Director	$0	$0	$0
TIMOTHY HUNTER	DIRECTOR	1.00	Director	$0	$0	$0
BOBBI WILLERS	EXECUTIVE DIRECTOR	2.00	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
2025	No data	No data	No data	No data
2024	$325,138	$322,931	$1,526,084	$2,207
2023	$315,371	$351,069	$1,580,226	$-35,698
2022	$296,364	$314,445	$1,665,060	$-18,081
2021	$297,477	$300,840	$1,740,082	$-3,363
2020	$323,756	$255,003	$1,792,106	$68,753
2019	$284,075	$255,732	$1,650,782	$28,343

RCIL - SOUTHEASTERN MINNESOTA BARRIER FREE HOUSING CORPORATION