RURAL DEVELOPMENT CORPORATION INC (EIN 510188108) - 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

1969

Legal Domicile

Principal Officer

ROBERT FISCHER

Phone

8563273143

Tax Period

2024-01-01 to 2024-12-31

RURAL DEVELOPMENT CORPORATION INC, founded in 1969, is a community nonprofit in the Community Improvement sector that reported $6.6M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.4M, a strong 22% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE COMMUNITY ORGANIZATION AND OUTREACH BY ADMINISTERING VARIOUS SOCIAL SERVICES INCLUDING A REGIONAL FOOD DISTRIBUTION PROGRAM AND A FAMILIY SHELTER PROGRAM TO THE DISADVANTAGED AND NEEDY RESIDENTS OF SOUTHERN NEW JERSEY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,962,533

Program Service Revenue $1,533,178

Investment Income $51,008

Other Revenue $82,740

TOTAL REVENUE $6,629,459

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,688,436

Fundraising Expenses $32,810

Program Expenses $4,877,989

Other Expenses $3,500,652

TOTAL EXPENSES $5,189,088

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,629,459	$5,642,794	+0.2%
Expenses	$5,189,088	$4,322,725	+0.2%
Net Income	$1,440,371	$1,320,069	+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

Governance

Voting Members

Independent Members

Employees

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

$133,431

Total Directors

$133,431

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT FISCHER	PRESIDENT	2.00	Officer Director	$0	$0	$0
KELLIE SLADE	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
BRIDGET SHARER	SECRETARY	2.00	Officer Director	$0	$0	$0
JAY EINSTEIN	TREASURER	2.00	Officer Director	$0	$0	$0
TODD BUONODONNA	BOARD MEMBER	2.00	Director	$0	$0	$0
KIM CODISPOTI	BOARD MEMBER	2.00	Director	$0	$0	$0
JANE GRANT-DAMMINGER	BOARD MEMBER	2.00	Director	$0	$0	$0
PAULA DAVIS	BOARD MEMBER	2.00	Director	$0	$0	$0
THOMAS MERIGHI	BOARD MEMBER	2.00	Director	$0	$0	$0
ED SMITH	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSEPHINE WHITE	BOARD MEMEBR	2.00	Director	$0	$0	$0
LESLIE WOLCOTT	BOARD MEMBER	2.00	Director	$0	$0	$0
JILL LOMBARDO	EXECUTIVE DI	40.00	Officer Director	$133,431	$0	$133,431

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	$6,629,459	$5,189,088	$5,082,674	$1,440,371
2023	$5,642,794	$4,322,725	$4,446,184	$1,320,069
2022	$3,247,647	$2,861,368	$3,392,154	$386,279
2021	$2,373,281	$2,036,473	$1,998,052	$336,808
2020	$2,078,124	$1,971,735	$1,325,698	$106,389
2019	$2,700,148	$2,913,226	$917,334	$-213,078
2018	$1,712,951	$1,945,401	$1,140,349	$-232,450

RURAL DEVELOPMENT CORPORATION INC