Center For Rural Policy & Development

EIN: 411919016 501(c)(3) Community Improvement

Mankato, MN

Total Revenue
$705,640
Total Expenses
$900,464
Total Assets
$533,268
Net Assets
$507,442
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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
1998
Legal Domicile
MN
Principal Officer
Julie Tesch
Phone
5079347700
Tax Period
2024-07-01 to 2025-06-30

Center For Rural Policy & Development, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $706K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $900K exceeded revenue, resulting in a 28% operating deficit.

Mission

To provide statewide rural policy research and analysis.

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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 $704,784
Program Service Revenue $0
Investment Income $856
Other Revenue $0
TOTAL REVENUE $705,640

Expense Breakdown

Grants Paid $4,000
Salaries & Benefits $486,354
Fundraising Expenses $148,694
Program Expenses $562,699
Other Expenses $371,610
TOTAL EXPENSES $900,464

Year-over-Year Comparison

2024 2023 Change
Revenue $705,640 $849,614 -0.2%
Expenses $900,464 $744,937 +0.2%
Net Income $-194,824 $104,677 -2.9%
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
16
Independent Members
16
Employees
3
Volunteers
16

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
$193,232
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sue Grafstrom Board Chair 1.00
Officer Director
$0 $0 $0
Jennifer Cronin Vice Chair 1.00
Officer Director
$0 $0 $0
Jessica Seibert Secretary/Treasurer 1.00
Officer Director
$0 $0 $0
Rep Keith Allen Director 1.00
Director
$0 $0 $0
Reed Anfinson Director 1.00
Director
$0 $0 $0
Eunie Biel Director 1.00
Director
$0 $0 $0
Christina Bowstring Director 1.00
Director
$0 $0 $0
Dr Christopher Brown Director 1.00
Director
$0 $0 $0
Martha Castanon Director 1.00
Director
$0 $0 $0
Patrick Costello Director 1.00
Director
$0 $0 $0
Santo Cruz Director 1.00
Director
$0 $0 $0
Sam Hansen Director 1.00
Director
$0 $0 $0
Dave Ladd Director 1.00
Director
$0 $0 $0
Carolyn Olson Director 1.00
Director
$0 $0 $0
Sarah Schake Director 1.00
Director
$0 $0 $0
Tim Velde Director 1.00
Director
$0 $0 $0
Julie Tesch President and CEO 40.00
Officer
$172,256 $20,976 $193,232
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 $705,640 $900,464 $533,268 $-194,824
2024 $849,614 $744,937 $723,973 $104,677
2023 $591,921 $609,389 $616,168 $-17,468
2022 $663,588 $584,300 $628,188 $79,288
2021 $553,849 $555,308 $607,748 $-1,459
2020 $375,328 $552,515 $543,673 $-177,187
2019 $635,177 $489,295 $726,900 $145,882
2018 $449,887 $445,086 $575,494 $4,801
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