RICEVILLE AREA DEVELOPMENT (EIN 475613781) - 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

JORDAN OULMAN

Phone

6419852621

Tax Period

2023-01-01 to 2023-12-31

RICEVILLE AREA DEVELOPMENT, founded in 2015, is a micro nonprofit in the Community Improvement sector that reported $15K in total revenue in fiscal year 2023. Revenue surged 480% from the prior year, signaling strong growth momentum. Expenses of $19K exceeded revenue, resulting in a 27% operating deficit.

Mission

To enhance the sustainability of the Riceville Community School District and the stability of the Riceville area economy.

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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 $13,994

Program Service Revenue $750

Investment Income $0

Other Revenue $0

TOTAL REVENUE $14,744

Expense Breakdown

Grants Paid $13,994

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $18,719

Other Expenses $4,725

TOTAL EXPENSES $18,719

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,744	$2,540	+4.8%
Expenses	$18,719	$13,922	+0.3%
Net Income	$-3,975	$-11,382	-0.7%

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
MARK JENSEN	Director	0.00	Director	$0	$0	$0
CHRISTOPHER SMITH	Director	0.00	Director	$0	$0	$0
EMILY SCHIPPER	Director	0.00	Director	$0	$0	$0
CHRIS LEARD	Director	0.00	Director	$0	$0	$0
JORDAN OULMAN	President	4.00	Officer	$0	$0	$0
BRANDON WATSON	Vice President	0.00	Officer	$0	$0	$0
ASHLEY OULMAN	Secretary	1.00	Officer	$0	$0	$0
RYAN RICKERL	Treasurer	2.00	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
2024	No data	No data	No data	No data
2023	$14,744	$18,719	$4,028	$-3,975
2022	$2,540	$13,922	$8,003	$-11,382
2021	$23,154	$3,447	$19,425	$19,707
2020	$4,374	$11,877	$296,385	$-7,503
2019	$4,918	$49,856	$1,716,156	$-44,938
2018	$26,239	$85,361	$1,761,094	$-59,122

RICEVILLE AREA DEVELOPMENT