WASHINGTON STATE RURAL DEVELOPMENT COUNCIL (EIN 383983361) - 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

2015

Legal Domicile

Principal Officer

Kim Herman

Phone

4259857195

Tax Period

2024-01-01 to 2024-12-31

WASHINGTON STATE RURAL DEVELOPMENT COUNCIL, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $254K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $245K left a modest 3% surplus.

Mission

The primary purpose of Washington State Rural Development council is to work with rural partners around Washington State to coordinate services to rural communities and promote initiatives that support rural community and economic development and related activities.

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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 $253,461

Program Service Revenue $0

Investment Income $87

Other Revenue $0

TOTAL REVENUE $253,548

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $244,364

Other Expenses $245,233

TOTAL EXPENSES $245,233

Year-over-Year Comparison

	2024	2023	Change
Revenue	$253,548	$205,053	+0.2%
Expenses	$245,233	$208,769	+0.2%
Net Income	$8,315	$-3,716	-3.2%

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
Jon DeVaney	Director	2	Director	$0	$0	$0
Stephen Dunk	Director	2	Director	$0	$0	$0
Micki Harnois	Director	2	Director	$0	$0	$0
Mario Villanueva	Director	2	Director	$0	$0	$0
Blanche L Rhea	Director	2	Director	$0	$0	$0
Michael J Gaffney	Director	2	Director	$0	$0	$0
Kim Herman	President	6	Officer Director	$0	$0	$0
Lael Duncan	Vice President	4	Officer Director	$0	$0	$0
Craig Muska	Treasurer	4	Officer Director	$0	$0	$0
Gabe Spencer	Secretary	4	Officer 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	No data	No data	No data	No data
2024	$253,548	$245,233	$231,288	$8,315
2023	$205,053	$208,769	$222,973	$-3,716

WASHINGTON STATE RURAL DEVELOPMENT COUNCIL