FSL RURAL DEVELOPMENT INC (EIN 860380470) - 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

1979

Legal Domicile

Principal Officer

TAMARA BOHANNON

Phone

6022851800

Tax Period

2022-07-01 to 2023-06-30

FSL RURAL DEVELOPMENT INC, founded in 1979, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2022. The organization ran a surplus of $273K, a strong 17% operating margin.

Mission

TO PROVIDE HOME AND COMMUNITY-BASED SERVICES AND DEVELOP (CONTINUED ON SCHEDULE O) ENERGY-EFFICIENT, AFFORDABLE HOUSING TO PROMOTE HEALTH, INDEPENDENCE AND DIGNITY FOR ALL.

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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 (2022)

Revenue Breakdown

Contributions & Grants $29,341

Program Service Revenue $1,493,787

Investment Income $63,483

Other Revenue $2,433

TOTAL REVENUE $1,589,044

Expense Breakdown

Grants Paid $0

Salaries & Benefits $283,116

Fundraising Expenses $0

Program Expenses $967,559

Other Expenses $1,032,842

TOTAL EXPENSES $1,315,958

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,589,044	$1,559,982	+0.0%
Expenses	$1,315,958	$1,219,862	+0.1%
Net Income	$273,086	$340,120	-0.2%

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

N/A

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

$798,206

Total Directors

$704,155

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
TAMARA BOHANNON	CEO & PRESIDENT	Officer Director	$0	$0	$195,723
CARRIE SMITH	COO & VICE PRESIDENT	Officer Director	$0	$13,954	$193,864
BLANCA RUIZ	TREASURER	Officer Director	$0	$12,119	$115,340
STEVE HASTINGS	SECRETARY	Officer Director	$0	$8,136	$199,228
DAVID PADDISON	CFO	Officer	$0	$0	$94,051

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,589,044	$1,315,958	$8,770,240	$273,086
2022	$1,559,982	$1,219,862	$8,624,578	$340,120
2021	$1,540,037	$1,192,976	$8,452,709	$347,061
2020	$1,561,683	$1,168,731	$8,236,454	$392,952
2019	$1,490,328	$1,180,382	$8,001,405	$309,946
2018	$1,465,891	$1,125,154	$7,818,447	$340,737

FSL RURAL DEVELOPMENT INC