RAI DEVELOPMENT CORPORATION (EIN 562097995) - 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

1996

Legal Domicile

Principal Officer

DAVID CHAPMAN

Phone

9199673402

Tax Period

2024-07-01 to 2025-06-30

RAI DEVELOPMENT CORPORATION, founded in 1996, is a small nonprofit in the Community Improvement sector that reported $196K in total revenue in fiscal year 2024. Revenue surged 134% from the prior year, signaling strong growth momentum. The organization ran a surplus of $127K, a strong 65% operating margin.

Mission

RAI IS A DEVELOPMENT CORPORATION WHOSE PURPOSE IS TO HOLD TITLE FOR REAL PROPERTY FOR ANOTHER TAX-EXEMPT ORGANIZATION.

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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 $52,544

Program Service Revenue $135,665

Investment Income $1,357

Other Revenue $6,800

TOTAL REVENUE $196,366

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $68,938

TOTAL EXPENSES $68,938

Year-over-Year Comparison

	2024	2023	Change
Revenue	$196,366	$84,050	+1.3%
Expenses	$68,938	$122,318	-0.4%
Net Income	$127,428	$-38,268	-4.3%

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

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

$115,533

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTHA BOLLINGER	SECRETARY/TREASURER	0.10	Officer Director	$0	$0	$0
JACK SIMONDS	BOARD MEMBER	0.10	Officer Director	$0	$0	$0
ANDRA DAVIS	BOARD MEMBER	0.10	Director	$0	$0	$0
DAVID CHAPMAN	CHAIR	0.10	Officer	$0	$0	$115,533

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	$196,366	$68,938	$676,715	$127,428
2024	$84,050	$122,318	$612,495	$-38,268
2023	$111,460	$123,738	$710,685	$-12,278
2022	$302,710	$248,040	$774,631	$54,670
2021	$323,660	$256,138	$774,384	$67,522
2020	$139,415	$74,527	$758,517	$64,888
2019	$107,860	$92,372	$751,002	$15,488
2018	$95,460	$63,388	$782,798	$32,072

RAI DEVELOPMENT CORPORATION