MICHIGAN RURAL REHABILITATION CORP

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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

1935

Legal Domicile

Principal Officer

WILLIAM MARTIN

Phone

2697814646

Tax Period

2024-07-01 to 2025-06-30

MICHIGAN RURAL REHABILITATION CORP, founded in 1935, is a small nonprofit that reported $329K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $290K left a modest 12% surplus.

Mission

TO PROVIDE LOANS TO RURAL STUDENTS,FARMERS,RESIDENTS,YOUTH AND YOUTH ORGANIZATIONS AS LENDERS OF LAST RESORT.

Program Service Accomplishments

Program 1

Expenses: $102,597

THE ORGANIZATION OPERATES "PER USE" AGREEMENT WITH THE USDA-RURAL DEVELOPMENT AGENCY TO PROVIDE EDUCATIONAL LOANS TO RURAL STUDENTS AS WELL AS PROVIDE MORTGAGES TO FARMERS AND OTHER RURAL RESIDENTS. ADDITIONAL GRANTS ARE AWARDED TO STUDENTS AND YOUTH ORGANIZATIONS TO FOSTER RURAL LIVING OBJECTIVES.

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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 $303,426

Investment Income $5,337

Other Revenue $20,155

TOTAL REVENUE $328,918

Expense Breakdown

Grants Paid $0

Salaries & Benefits $183,344

Fundraising Expenses $0

Program Expenses $134,633

Other Expenses $106,610

TOTAL EXPENSES $289,954

Year-over-Year Comparison

	2024	2023	Change
Revenue	$328,918	$303,452	+0.1%
Expenses	$289,954	$258,191	+0.1%
Net Income	$38,964	$45,261	-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

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

$2,400

Total Directors

$1,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOUIS CIARKOWSKI	CHAIRMAN	N/A	Officer	$1,300	$0	$1,300
CARMEN COUSINO	DIRECTOR	N/A	Director	$200	$0	$200
CHRIS JOHNSON	TREASURER	N/A	Officer	$1,100	$0	$1,100
SCOTT DROWN	DIRECTOR	N/A	Director	$400	$0	$400
JENNIE KOEBEL	DIRECTOR	N/A	Director	$400	$0	$400

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	$328,918	$289,954	$5,898,924	$38,964
2024	$303,452	$258,191	$5,857,116	$45,261
2023	$272,361	$244,624	$5,814,708	$27,737
2022	$303,009	$243,480	$5,790,838	$59,529
2021	$288,328	$237,445	$5,726,546	$50,883
2020	$300,030	$273,816	$5,663,126	$26,214
2019	$283,740	$215,087	$5,613,400	$68,653