RURAL HEALTH VENTURES INC

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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

1985

Legal Domicile

Phone

3088827291

Tax Period

2021-01-01 to 2021-12-31

RURAL HEALTH VENTURES INC, founded in 1985, is a small nonprofit in the Health Care sector that reported $138K in total revenue in fiscal year 2021. Revenue decreased 20% compared to the prior year. Net assets of $404K represent 35 months of operating reserves.

Mission

Rural Health Ventures' mission is to provide advanced medical services to rural hospitals in Chase, Dundy, and Perkins County that the member hospitals may not be able to offer otherwise

Program Service Accomplishments

Program 1

Expenses: $118,275 Revenue: $118,305

The ultrasound program is the main revenue base for Rural Health Ventures. The ultrasound equipment is owned by RHV, but the organization contracts directly with sonographers to complete ultrasound exams. The majority of expenses are associated with the equipment, technicians, or service agreements. Each hospital receiving services are invoiced for exams completed.

Program 2

Expenses: $30,923 Revenue: $14,860

DEXA scam service is owned by RHV and employees from each hospital operates the equipment. Each month the hospitals receiving services are invoice for procedures completed.

Program 3

Expenses: $0 Revenue: $4,808

The surgical services include arthoscopes, cystoscopes, and lap/chole procedures. Equipment is owned by RHV and used by member hospitals.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $137,973

Investment Income $123

Other Revenue $0

TOTAL REVENUE $138,096

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $149,198

Other Expenses $149,198

TOTAL EXPENSES $149,198

Year-over-Year Comparison

	2021	2020	Change
Revenue	$138,096	$171,869	-0.2%
Expenses	$149,198	$175,946	-0.2%
Net Income	$-11,102	$-4,077	+1.7%

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
Abigail Cyboron	President	0.50	Director	$0	$0	$0
Matthew Musgrove	Treasurer	0.50	Director	$0	$0	$0
Rita Jones	Secretary	0.50	Director	$0	$0	$0
Alicia Aldridge	Member	0.50	Director	$0	$0	$0
Taylor Maucher	Member	0.50	Director	$0	$0	$0
Neil Hilton	Member	0.50		$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
2021	$138,096	$149,198	$413,710	$-11,102