ITC RURAL ECONOMIC DEVELOPMENT INC (EIN 753002561) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

SUSAN ROBBINS

Phone

6058742181

Tax Period

2024-01-01 to 2024-12-31

ITC RURAL ECONOMIC DEVELOPMENT INC, founded in 2001, is a micro nonprofit in the Community Improvement sector that reported $54K in total revenue in fiscal year 2018. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $43K, a strong 81% operating margin.

Mission

PROVIDE LOW INTEREST LOANS TO ENHANCE VITALITY OF RURAL COMMUNITIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $18,762

Investment Income $19,929

Other Revenue $0

TOTAL REVENUE $38,691

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,738

Other Expenses $12,081

TOTAL EXPENSES $12,081

Year-over-Year Comparison

	2024	2023	Change
Revenue	$38,691	$35,972	+0.1%
Expenses	$12,081	$10,673	+0.1%
Net Income	$26,610	$25,299	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN ROBBINS	PRESIDENT	0.50	Officer Director	$0	$0	$0
G TODD GARRY	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
WARREN BRANDLEE	SECRETARY	0.50	Officer Director	$0	$0	$0
JOEL BRANDT	TREASURER	0.50	Officer Director	$0	$0	$0
CONNIE SAWINSKY	DIRECTOR	0.50	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	$38,691	$12,081	$1,272,615	$26,610
2023	$35,972	$10,673	$1,276,105	$25,299
2022	$113,014	$13,021	$1,281,995	$99,993
2021	$21,697	$10,737	$1,210,122	$10,960
2020	$29,831	$65,454	$1,228,377	$-35,623
2019	$36,138	$73,829	$1,292,926	$-37,691
2018	$53,545	$10,398	$1,359,080	$43,147

ITC RURAL ECONOMIC DEVELOPMENT INC