RURAL HEALTH CARE INITIATIVE

EIN: 450766007 501(c)(3) Health Care

MINNEAPOLIS, MN

Total Revenue
$450,368
Total Expenses
$411,485
Total Assets
$425,058
Net Assets
$389,714
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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
2011
Legal Domicile
MN
Principal Officer
MARIE STODOLKA
Phone
7634587706
Tax Period
2024-07-01 to 2025-06-30

RURAL HEALTH CARE INITIATIVE, founded in 2011, is a small nonprofit in the Health Care sector that reported $450K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $411K left a modest 9% surplus.

Mission

TO PARTNER WITH COMMUNITIES IN SIERRA LEONE TO REDEVELOP HEALTH CARE SYSTEMS AND TO OVERCOME ONE OF THE WORLD'S HIGHEST RATES OF MATERNAL AND CHILD MORTALITY

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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 $449,220
Program Service Revenue $0
Investment Income $1,033
Other Revenue $115
TOTAL REVENUE $450,368

Expense Breakdown

Grants Paid $0
Salaries & Benefits $56,284
Fundraising Expenses $0
Program Expenses $392,723
Other Expenses $355,201
TOTAL EXPENSES $411,485

Year-over-Year Comparison

2024 2023 Change
Revenue $450,368 $357,107 +0.3%
Expenses $411,485 $366,571 +0.1%
Net Income $38,883 $-9,464 -5.1%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
40

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
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AJAYI NICOL CHAIR 5.00
Officer Director
$0 $0 $0
MARIE STODOLKA VICE CHAIR 20.00
Officer Director
$0 $0 $0
KYLE BRIESE TREASURER 3.00
Officer Director
$0 $0 $0
MAGGIE PILACINSKI SECRETARY 20.00
Officer Director
$0 $0 $0
SARAH CASSELL DIRECTOR 3.00
Director
$0 $0 $0
KATELYNN ROLFES DIRECTOR 3.00
Director
$0 $0 $0
CAROL NELSON DIRECTOR 20.00
Director
$0 $0 $0
PETER GOGRA DIRECTOR 3.00
Director
$0 $0 $0
LAMIN FORAY DIRECTOR 3.00
Director
$0 $0 $0
NEIL CRAIGAN DIRECTOR 3.00
Director
$0 $0 $0
RILEY GAINES 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
2025 $450,368 $411,485 $425,058 $38,883
2024 $357,107 $366,571 $320,187 $-9,464
2023 $342,585 $299,031 $329,651 $43,554
2022 $300,898 $263,859 $286,097 $37,039
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