RUSSELL DEVELOPMENT COMPANY INC (EIN 475221522) - 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

2015

Legal Domicile

Principal Officer

KEVIN SMTIH

Phone

5029929436

Tax Period

2023-01-01 to 2023-12-31

RUSSELL DEVELOPMENT COMPANY INC, founded in 2015, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $7.7M in total revenue in fiscal year 2023. Revenue surged 2376% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.8M, a strong 37% operating margin.

Mission

TO REVITALIZE THE RUSSELL NEIGHBORHOOD OF LOUISVILLE, KY THROUGH NEW HOME CONSTRUCTION AND REHABILITATION, AND EXPANDING LOCAL FOOD OPTIONS BY PROVIDING FOOD ENTREPRENEURS A KITCHEN INCUBATOR.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $7,698,726

Investment Income $29,630

Other Revenue $0

TOTAL REVENUE $7,728,356

Expense Breakdown

Grants Paid $2,000,057

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,882,424

Other Expenses $2,882,367

TOTAL EXPENSES $4,882,424

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,728,356	$312,086	+23.8%
Expenses	$4,882,424	$440,128	+10.1%
Net Income	$2,845,932	$-128,042	-23.2%

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
KEVIN SMITH	PRESIDENT	1.00	Officer Director	$0	$0	$0
JULIE DENTON	DIRECTOR	1.00	Director	$0	$0	$0
JOHNETTA ROBERTS	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM MOODY	VICE PRESIDENT	1.00	Officer Director	$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	No data	No data	No data	No data
2023	$7,728,356	$4,882,424	$7,476	$2,845,932
2022	$312,086	$440,128	$5,277,601	$-128,042
2021	$311,912	$455,148	$5,412,164	$-143,236
2020	$369,639	$520,935	$5,574,806	$-151,296
2019	$391,900	$531,874	$5,719,566	$-139,974
2018	$348,697	$591,535	$5,928,337	$-242,838

RUSSELL DEVELOPMENT COMPANY INC