Northern Rural Communities Development Inc (EIN 453574214) - 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

2011

Legal Domicile

Principal Officer

Andy Newsum

Phone

5308929600

Tax Period

2024-01-01 to 2024-12-31

Northern Rural Communities Development Inc, founded in 2011, is a micro nonprofit in the Employment sector that reported $7K in total revenue in fiscal year 2024. Revenue surged 626% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4K, a strong 59% operating margin.

Mission

Foster Workforce Competitiveness and Strategies

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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 $7,183

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $7,183

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,950

Other Expenses $2,950

TOTAL EXPENSES $2,950

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,183	$990	+6.3%
Expenses	$2,950	$1,525	+0.9%
Net Income	$4,233	$-535	-8.9%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JJ Berndt	Vice President	0.20	Director	$0	$0	$0
John Dahlgren	Director	0.20	Officer Director	$0	$0	$0
Jody Samons	Director	0.20	Director	$0	$0	$0
Andy Newsum	Board Chair	0.20	Officer Director	$0	$0	$0
Jason Schwenkler	Director	0.20	Director	$0	$0	$0
Michael Cross	Executive Dir.	5.00	Officer	$0	$0	$0
Andrea Campos	Secretary/Treas	5.00	Officer	$0	$0	$0
Jonathan Honkakangas	Finance Directo	5.00	Officer	$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	$7,183	$2,950	$103,392	$4,233
2023	$990	$1,525	$99,159	$-535
2022	$3,000	$10,621	$99,694	$-7,621
2021	$113	$3,179	$131,304	$-3,066
2020	$46,011	$49,241	$143,987	$-3,230
2019	$164,242	$152,314	$190,953	$11,928
2018	$240,027	$226,837	$233,189	$13,190

Northern Rural Communities Development Inc