RURAL EMPLOYMENT ALTERNATIVE

EIN: 421150011 501(c)(3)

Conroy, IA

Total Revenue
$715,929
Total Expenses
$678,755
Total Assets
$509,764
Net Assets
$182,471
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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
1980
Legal Domicile
IA
Principal Officer
Theresa Seboldt
Phone
3196624043
Tax Period
2024-07-01 to 2025-06-30

RURAL EMPLOYMENT ALTERNATIVE, founded in 1980, is a small nonprofit that reported $716K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $679K left a modest 5% surplus.

Mission

The mission of Rural Employment Alternatives, Inc. is to provide meaningful community access opportunities, classes and daily living skills programming to individuals who experience mental and physical disabilities and require supervision and assistance.

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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 $53,938
Program Service Revenue $652,684
Investment Income $9,307
Other Revenue $0
TOTAL REVENUE $715,929

Expense Breakdown

Grants Paid $0
Salaries & Benefits $518,386
Fundraising Expenses $1,663
Program Expenses $552,390
Other Expenses $160,369
TOTAL EXPENSES $678,755

Year-over-Year Comparison

2024 2023 Change
Revenue $715,929 $620,211 +0.2%
Expenses $678,755 $592,470 +0.1%
Net Income $37,174 $27,741 +0.3%
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
7
Independent Members
7
Employees
11
Volunteers
5

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
5
$125,837
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jeannine Scandridge Executive Director (Partial Year) 40
Officer
$65,033 $10,349 $75,382
Theresa Seboldt Executive Director 40
Officer
$46,220 $4,235 $50,455
Marci Mohr President 1
Officer Director
$0 $0 $0
Kendra Van Dyke Vice President 1
Officer Director
$0 $0 $0
Cynthia Heaton Secretary Treasurer 1
Officer Director
$0 $0 $0
Kurtis Broeg Director 0.3
Director
$0 $0 $0
Delores Reinhart Director 0.5
Director
$0 $0 $0
Cameron Miles Director 1
Director
$0 $0 $0
John Phillips Director 1
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 $715,929 $678,755 $509,764 $37,174
2024 $620,211 $592,470 $511,110 $27,741
2023 $637,902 $603,311 $515,431 $34,591
2022 $888,063 $639,835 $511,554 $248,228
2021 $677,277 $566,332 $375,601 $110,945
2020 $546,687 $612,460 $307,010 $-65,773
2019 $642,158 $599,390 $298,822 $42,768
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