REDBUD FINANCIAL ALTERNATIVES INC

EIN: 472214397 501(c)(3) Human Services

HAZARD, KY

Total Revenue
$210,767
Total Expenses
$499,824
Total Assets
$2,236,073
Net Assets
$758,134
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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
2014
Legal Domicile
KY
Principal Officer
R SCOTT MCREYNOLDS
Phone
6064360497
Tax Period
2023-07-01 to 2024-06-30

REDBUD FINANCIAL ALTERNATIVES INC, founded in 2014, is a small nonprofit in the Human Services sector that reported $211K in total revenue in fiscal year 2023. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $500K exceeded revenue, resulting in a 137% operating deficit.

Mission

TO PROVIDE FAIR AND EQUITABLE LOANS ALONGSIDE FINANCIAL EDUCATION AND COACHING TO EMPOWER PEOPLE TO ACHIEVE THEIR FINANCIAL GOALS

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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 $88,000
Program Service Revenue $114,666
Investment Income $0
Other Revenue $8,101
TOTAL REVENUE $210,767

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $433,734
Other Expenses $499,824
TOTAL EXPENSES $499,824

Year-over-Year Comparison

2023 2022 Change
Revenue $210,767 $472,057 -0.6%
Expenses $499,824 $312,345 +0.6%
Net Income $-289,057 $159,712 -2.8%
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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Governance

Voting Members
9
Independent Members
9
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
2
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BETSY CLEMONS BOARD MEMBER N/A
Director
$0 $0 $0
KRISTIN COLLINS BOARD MEMBER N/A
Director
$0 $0 $0
ZACH LAWRENCE BOARD MEMBER N/A
Director
$0 $0 $0
RUSSELL OLIVER BOARD MEMBER N/A
Director
$0 $0 $0
PAULA PARKER BOARD MEMBER N/A
Director
$0 $0 $0
PAUL PATULA BOARD MEMBER N/A
Director
$0 $0 $0
JILL ROBERTSON BOARD MEMBER N/A
Director
$0 $0 $0
LES ROLL BOARD MEMBER N/A
Director
$0 $0 $0
ANNIE WILLIAMS BOARD MEMBER N/A
Director
$0 $0 $0
AMIE BEDWELL CFO N/A
Officer
$0 $0 $0
R SCOTT MCREYNOLDS DIRECTOR N/A
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
2025 No data No data No data No data
2024 $210,767 $499,824 $2,236,073 $-289,057
2023 $472,057 $312,345 $2,395,313 $159,712
2022 $543,235 $233,639 $1,361,615 $309,596
2021 $335,489 $130,505 $948,004 $204,984
2020 $188,081 $234,429 $759,226 $-46,348
2019 $470,495 $131,692 $623,044 $338,803
2018 $76,276 $118,095 $168,142 $-41,819
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