RURAL DEVELOPMENT FINANCE CORPORATION (EIN 450437973) - 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

1994

Legal Domicile

Principal Officer

DAVID SIGLOH

Phone

7016636501

Tax Period

2023-01-01 to 2023-12-31

RURAL DEVELOPMENT FINANCE CORPORATION, founded in 1994, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 102% from the prior year, signaling strong growth momentum. The organization ran a surplus of $840K, a strong 79% operating margin.

Mission

TO PROVIDE FINANCING FOR NEW OR EXPANDING BUSINESSES AND COMMUNITY DEVELOPMENT PROJECTS IN ND.

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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 $15,724

Program Service Revenue $906,449

Investment Income $139,294

Other Revenue $0

TOTAL REVENUE $1,061,467

Expense Breakdown

Grants Paid $85,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $189,490

Other Expenses $136,090

TOTAL EXPENSES $221,090

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,061,467	$526,227	+1.0%
Expenses	$221,090	$156,701	+0.4%
Net Income	$840,377	$369,526	+1.3%

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

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
DAVID SIGLOH	PRESIDENT	4.00	Officer Director	$0	$0	$0
PAULA ANDERSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DEON VILHAUER	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
MICHELLE BERRY	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER WADE	DIRECTOR	0.50	Director	$0	$0	$0
CHERYL OSOWSKI	DIRECTOR	2.00	Director	$0	$0	$0
ANDY WEISS	DIRECTOR	1.00	Director	$0	$0	$0
ALLAN ENGH	DIRECTOR	3.00	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
2024	No data	No data	No data	No data
2023	$1,061,467	$221,090	$8,939,906	$840,377
2022	$526,227	$156,701	$8,375,287	$369,526
2021	$472,705	$155,950	$8,006,076	$316,755
2020	$891,105	$298,406	$7,689,006	$592,699
2019	$1,416,861	$162,241	$7,084,320	$1,254,620
2018	$1,086,243	$155,335	$5,829,220	$930,908

RURAL DEVELOPMENT FINANCE CORPORATION