RURAL ENTERPRISES OF OKLAHOMA INC

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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

1982

Legal Domicile

Principal Officer

SCOTT DEWALD

Phone

5809245094

Tax Period

2023-01-01 to 2023-12-31

RURAL ENTERPRISES OF OKLAHOMA INC, founded in 1982, is a community nonprofit in the Community Improvement sector that reported $6.5M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $6.1M left a modest 6% surplus.

Mission

REI OKLAHOMA EXPANDS ECONOMIC OPPORTUNITIES FOR OKLAHOMANS BY PROVIDING FLEXIBLE FINANCING AND DEVELOPMENT SERVICES TO INDIVIDUALS, BUSINESSES, AND ENTREPRENEURS WITH LIMITED ACCESS TO RESOURCES.

Program Service Accomplishments

Program 1

Expenses: $1,183,698 Revenue: $1,241,138

ASSISTANCE TO ENTREPRENEURS INCLUDING TRAINING, BUSINESS RENTAL SPACE, AND DEVELOPMENT CAPITAL IN THE FORM OF LOANS WHICH ARE USED AS A BASIS TO LEVERAGE PUBLIC AND PRIVATE RESOURCES NECESSARY TO...

ASSISTANCE TO ENTREPRENEURS INCLUDING TRAINING, BUSINESS RENTAL SPACE, AND DEVELOPMENT CAPITAL IN THE FORM OF LOANS WHICH ARE USED AS A BASIS TO LEVERAGE PUBLIC AND PRIVATE RESOURCES NECESSARY TO ESTABLISH OR EXPAND BUSINESSES IN OKLAHOMA.

Program 2

Expenses: $2,661,473 Revenue: $1,487,729

RURAL ENTERPRISES OF OKLAHOMA, INC. OFFERS MULTIPLE HOUSING OPPORTUNITIES FOR ELIGIBLE BORROWERS THROUGHOUT THE STATE OF OKLAHOMA. THE PROGRAMS INCLUDES AN OFFERING OF DOWN PAYMENT ASSISTANCE. REI...

RURAL ENTERPRISES OF OKLAHOMA, INC. OFFERS MULTIPLE HOUSING OPPORTUNITIES FOR ELIGIBLE BORROWERS THROUGHOUT THE STATE OF OKLAHOMA. THE PROGRAMS INCLUDES AN OFFERING OF DOWN PAYMENT ASSISTANCE. REI ALSO PROVIDES FINANCING IN THE FORM OF LOANS FOR HOUSING PROJECTS SERVING VERY LOW AND LOW INCOME TENANTS.

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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 $3,258,471

Program Service Revenue $2,728,867

Investment Income $547,180

Other Revenue $0

TOTAL REVENUE $6,534,518

Expense Breakdown

Grants Paid $746,660

Salaries & Benefits $3,931,388

Fundraising Expenses $0

Program Expenses $3,845,171

Other Expenses $1,445,681

TOTAL EXPENSES $6,123,729

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,534,518	$7,140,966	-0.1%
Expenses	$6,123,729	$10,874,682	-0.4%
Net Income	$410,789	$-3,733,716	-1.1%

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

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

$1,459,604

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN HARPER	CHAIRMAN	1.00	Director	$0	$0	$0
JEFF GREENLEE	VICE-CHAIRMAN/TREASURER	1.00	Director	$0	$0	$0
BRIAN ALFORD	SECRETARY	1.00	Director	$0	$0	$0
KYLE HUGHBANKS	DIRECTOR	1.00	Director	$0	$0	$0
GARY SHERRER	DIRECTOR	1.00	Director	$0	$0	$0
MARTIN VANMETER	DIRECTOR	1.00	Director	$0	$0	$0
DR FERN GREEN-BOWLING	DIRECTOR	1.00	Director	$0	$0	$0
CLAYTON TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS MEYERS	DIRECTOR	1.00	Director	$0	$0	$0
CLAYTON LODES	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT DEWALD	PRESIDENT/CEO	17.00	Officer	$367,657	$49,155	$416,812
SHERRY HARLIN	COO	36.00	Officer	$247,131	$32,128	$279,259
DEBBIE PARTIN	SVP-LENDING	12.00	Officer	$217,316	$27,637	$244,953
LORI HILL	CFO	17.00	Officer	$214,406	$15,926	$230,332
DENA SHERRILL	VP-HOUSING	36.00	Officer	$151,037	$22,075	$173,112
JAMES HARRINGTON	VP-BUSINESS RESOURCES	36.00	Officer	$91,957	$23,179	$115,136
SHANNON MULKEY	DIRECTOR OF ADMIN SERV	36.00	Highest	$137,380	$9,248	$146,628
SUSAN BATES	SR. LOAN OFFICER	36.00	Highest	$122,261	$16,044	$138,305
MELANIE ANTHONY	SR DIRECTOR OF MARKETING	36.00	Highest	$106,502	$17,889	$124,391

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	$6,534,518	$6,123,729	$36,084,309	$410,789
2022	$7,140,966	$10,874,682	$34,541,112	$-3,733,716
2021	$15,173,432	$14,814,110	$41,908,355	$359,322
2020	$12,971,221	$11,418,640	$39,228,336	$1,552,581
2019	$8,155,171	$6,874,472	$37,193,288	$1,280,699
2018	$9,698,995	$7,587,217	$35,723,868	$2,111,778