NORTH DAKOTA RURAL REHABILITATION CORP

EIN: 456002345

BISMARCK, ND

Total Revenue
$12,691,515
Total Expenses
$1,281,263
Total Assets
$93,558,577
Net Assets
$93,553,141
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1934
Legal Domicile
ND
Principal Officer
WILLIAM FORTIER
Phone
7012235810
Tax Period
2023-07-01 to 2024-06-30

NORTH DAKOTA RURAL REHABILITATION CORP, founded in 1934, is a mid-sized nonprofit that reported $12.7M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $11.4M, a strong 90% operating margin.

Mission

PROVIDE LOW INTEREST RATE LOANS TO DISTRESSED FARM FAMILIES IN THE STATE OF NORTH DAKOTA WHO DO NOT HAVE OTHER MEANS OF OBTAINING FINANCING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,876,098
Investment Income $1,403,091
Other Revenue $9,412,326
TOTAL REVENUE $12,691,515

Expense Breakdown

Grants Paid $638,404
Salaries & Benefits $470,431
Fundraising Expenses $0
Program Expenses $886,632
Other Expenses $172,428
TOTAL EXPENSES $1,281,263

Year-over-Year Comparison

2023 2022 Change
Revenue $12,691,515 $11,583,662 +0.1%
Expenses $1,281,263 $912,875 +0.4%
Net Income $11,410,252 $10,670,787 +0.1%
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
6
Independent Members
3
Employees
4
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
4
$266,396
Total Directors
7
$225,843
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM FORTIER PRESIDENT 20.00
Officer Director
$71,975 $0 $71,975
KENNETH L DALSTED SEC./TREAS. 10.00
Officer Director
$64,390 $0 $64,390
DONALD C GIFFEY DIRECTOR 10.00
Director
$31,578 $0 $31,578
JASON SILLERS VICE PRESIDENT 10.00
Officer Director
$16,700 $0 $16,700
H ROALD LUND DIRECTOR 10.00
Director
$16,450 $0 $16,450
SHANA FORSTER DIRECTOR 10.00
Director
$21,450 $0 $21,450
LUELLA DUNN DIRECTOR (TERM 3/2023) 10.00
Director
$3,300 $0 $3,300
TERESE BERG BUSINESS MANAGER 40.00
Officer
$113,331 $0 $113,331
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 No data No data No data No data
2024 $12,691,515 $1,281,263 $93,558,577 $11,410,252
2023 $11,583,662 $912,875 $82,220,993 $10,670,787
2022 $5,035,416 $879,705 $71,544,583 $4,155,711
2021 $3,585,105 $1,288,831 $67,383,826 $2,296,274
2020 $4,355,152 $826,701 $65,083,576 $3,528,451
2019 $3,239,442 $1,024,648 $61,549,381 $2,214,794
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