RURAL DEVELOPMENT FUND

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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

2020

Legal Domicile

Principal Officer

JILL KLINE

Phone

5012233284

Tax Period

2023-01-01 to 2023-12-31

RURAL DEVELOPMENT FUND, founded in 2020, is a community nonprofit in the Community Improvement sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 1090% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 88% operating margin.

Mission

THE MISSION OF THE U.S. ECONOMIC DEVELOPMENT ADMINISTRATION (EDA) IS TO LEAD THE FEDERAL ECONOMIC DEVELOPMENT AGENDA BY PROMOTING COMPETITIVENESS AND PREPARING THE NATION'S REGIONS FOR GROWTH AND SUCCESS IN THE WORLDWIDE ECONOMY. AN AGENCY WITHIN THE U.S. DEPARTMENT OF COMMERCE, EDA MAKES INVESTMENTS IN ECONOMICALLY DISTRESSED COMMUNITIES IN ORDER TO CREATE JOBS FOR U.S. WORKERS, PROMOTE AMERICAN INNOVATION, AND ACCELERATE LONG-TERM SUSTAINABLE ECONOMIC GROWTH.THIS PROGRAM IS FUNDED UNDER THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY (CARES) ACT (PUBLIC LAW 116-136), WHICH PROVIDED EDA WITH $1.5 BILLION FOR ECONOMIC ASSISTANCE PROGRAMS TO HELP COMMUNITIES PREVENT, PREPARE FOR, AND RESPOND TO CORONAVIRUS. EDA CARES ACT RECOVERY ASSISTANCE, WHICH IS BEING ADMINISTERED UNDER THE AUTHORITY OF THE BUREAU'S FLEXIBLE ECONOMIC ADJUSTMENT ASSISTANCE (EAA) (PDF) PROGRAM, PROVIDES A WIDE-RANGE OF FINANCIAL ASSISTANCE TO ELIGIBLE COMMUNITIES AND REGIONS AS THEY RESPOND TO AND RECOVER FROM

Program Service Accomplishments

Program 1

Expenses: $176,315 Revenue: $192,244

THE RURAL DEVELOPMENT FUND'S (RDF) CURRENT AND FUTURE PLANS ARE TO FULFILL THE OBLIGATIONS SET FORTH IN THE WORK PLAN SUBMITTED TO THE ECONOMIC DEVELOPMENT ADMINISTRATION (EDA) FOR A $5 MILLION...

THE RURAL DEVELOPMENT FUND'S (RDF) CURRENT AND FUTURE PLANS ARE TO FULFILL THE OBLIGATIONS SET FORTH IN THE WORK PLAN SUBMITTED TO THE ECONOMIC DEVELOPMENT ADMINISTRATION (EDA) FOR A $5 MILLION REVOLVING LOAN FUND (RLF) PROGRAM. RDF PLANS TO CONTINUE TO GROW ITS NETWORK OF COMMERCIAL LENDERS THROUGHOUT WYOMING. RDF'S GROWTH CAPITAL PROGRAM PURCHASES SUBORDINATED PARTICIPATIONS IN PARTNERSHIP WITH COMMERCIAL LENDERS INTO ELIGIBLE PROJECTS. RDF HAS 2.5 YEARS REMAINING TO DEPLOY THE REVOLVING LOAN FUND $5 MILLION ALLOCATION. DEPLOYING THE EDA RLF IS RDF'S PRIMARY OBJECTIVE.A UNITED STATES DEPARTMENT OF AGRICULTURE (USDA) RURAL BUSINESS ENTERPRISE GRANT (RBEG) IS ALSO AVAILABLE FOR THE RDF TO DEPLOY. THIS $170,000 FUND IS AVAILABLE IN CAMPBELL, CROOK, WESTON, NIOBRARA, AND CONVERSE COUNTIES. THIS FUND WOULD DEPLOY MONIES TO ELIGIBLE COMMERCIAL BUSINESSES THROUGH A SUBORDINATED LOAN PARTICIPATION IN PARTNERSHIP WITH A COMMERCIAL LENDER. THERE IS NO TIME FRAME TO DEPLOY FUNDS THROUGH THIS PROGRAM, BUT RDF WOULD LIKE TO HAVE FUNDS FULLY COMMITTED ONCE THE RIGHT PROJECT(S) ARISE.

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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 $1,687,631

Program Service Revenue $192,244

Investment Income $371

Other Revenue $0

TOTAL REVENUE $1,880,246

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $176,315

Other Expenses $218,622

TOTAL EXPENSES $218,622

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,880,246	$157,967	+10.9%
Expenses	$218,622	$156,590	+0.4%
Net Income	$1,661,624	$1,377	+1205.7%

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

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
CHRISTI HASWELL	DIRECTOR	1.00	Director	$0	$0	$0
JILL KLINE	DIRECTOR	1.00	Director	$0	$0	$0
ROCKY S CASE	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$1,880,246	$218,622	$4,533,902	$1,661,624
2022	$157,967	$156,590	$3,151,536	$1,377
2021	$48,751	$99	$2,212,081	$48,652