SPARTANBURG, SC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INNOVATIVE RURAL DEVELOPMENT CORPORATION, founded in 2011, is a micro nonprofit in the Community Improvement sector that reported $2K in total revenue in fiscal year 2023. Revenue surged 1421% from the prior year, signaling strong growth momentum. Expenses of $2K left a modest 14% surplus.
THE MISSION OF THE CORPORATION IS TO STIMULATE A HEALTHIER COMMUNITY THROUGH THREE AVENUES: 1) HEALTHIER LOCAL ECONOMIES FROM INCREASED MARKET OPPORTUNITIES FOR SUSTAINABLE, LOCALLY-PRODUCED GOODS AVAILABILITY2) HEALTHIER FAMILIES THROUGH INCREASED LOCALLY-DRIVEN ECONOMIC OPPORTUNITIES AND LOCALLY-PRODUCED GOODS AVAILABILITY3) HEALTHIER RESIDENTS THROUGH EDUCATION ON HOW FOOD AND ENVIRONMENT IMPACT HEALTHY LIFE STYLES. BY CREATING OUTLETS FOR LOCALLY-PRODUCED GOODS AND RELATED EDUCATION, THE IRDC WILL BUILD SUSTAINABLE ECONOMIC SYSTEMS THAT STRENGTHEN THE HEALTH OF OUR COMMUNITES AND CREATE NEW JOBS THAT ENHANCE THESE COMMUNITIES' QUALITY OF LIFE.
PROVIDE LEADERSHIP AND ASSISTANCE FOR COMMUNITY SELF-SUSTAINABILITY AND DEVELOPMENT ACROSS THE SOUTHEASTERN UNITED STATES
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $2,373 | $156 | +14.2% |
| Expenses | $2,043 | $4,441 | -0.5% |
| Net Income | $330 | $-4,285 | -1.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ERIN OUZTS | CHAIR | 5.00 |
Director
|
$0 | $0 | $0 |
| BRENDAN BUTTIMER | VICE CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| ALAN DEUSTERHAUS | TREASURER | 1.00 |
Director
|
$0 | $0 | $0 |
| ANDREW WATERS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BETSY SIKMA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2023 | $2,373 | $2,043 | $11,680 | $330 |
| 2022 | $156 | $4,441 | $10,434 | $-4,285 |
| 2021 | $5,135 | $4,184 | $16,074 | $951 |
| 2020 | $122 | $3,620 | $14,260 | $-3,498 |
| 2019 | $5,146 | $3,132 | $16,921 | $2,014 |
| 2018 | $325,319 | $1,064 | $13,788 | $324,255 |
Compare INNOVATIVE RURAL DEVELOPMENT CORPORATION with other nonprofits in South Carolina and across the country.