SALT LAKE CITY, UT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ROCKY MOUNTAIN COMMUNITY REINVESTMENT CO, founded in 1999, is a mid-sized nonprofit in the Community Improvement sector that reported $21.4M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $20.1M left a modest 6% surplus.
THE ROCKY MOUNTAIN COMMUNITY REINVESTMENT CORPORATION FACILITATES THE DEVELOPMENT AND PRESERVATION OF AFFORDABLE HOUSING AND COMMUNITY FACILITIES THAT SERVE LOW TO MODERATE INCOME FAMILIES AND UNDERSERVED COMMUNITIES.
ROCKY MOUNTAIN COMMUNITY REINVESTMENT CORPORATION (RMCRC) WAS FORMED ON MARCH 19, 1999, AND BEGAN GRANTING LOANS IN 2000. RMCRC IS A NONPROFIT, COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION WORKING IN...
ROCKY MOUNTAIN COMMUNITY REINVESTMENT CORPORATION (RMCRC) WAS FORMED ON MARCH 19, 1999, AND BEGAN GRANTING LOANS IN 2000. RMCRC IS A NONPROFIT, COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION WORKING IN COOPERATION WITH ITS MEMBER BANKS (MEMBERS) SERVING AS A CATALYST FOR COMMUNITY DEVELOPMENT BY OFFERING FLEXIBLE FINANCING FOR AFFORDABLE, QUALITY HOUSING TO ASSIST THE ROCKY MOUNTAIN REGION'S LOW AND MODERATE-INCOME RESIDENTS, WORKING WITH GOVERNMENT AGENCIES TO MAXIMIZE LEVERAGE OF PUBLIC AND PRIVATE DOLLARS, AND PROVIDING TECHNICAL ASSISTANCE TO PROJECT SPONSORS. RMCRC USES A POOL OF FUNDS PROVIDED BY ITS MEMBERS UNDER THE INTERCREDITOR AGREEMENT (ICA) ALONG WITH THE SALE OF DIRECT LOAN PARTICIPATIONS TO FUND LOANS TO MORTGAGORS. RMCRC IS A REGISTERED COMMUNITY DEVELOPMENT INSTITUTION FUND (CDFI).
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $21,428,471 | $16,862,552 | +0.3% |
| Expenses | $20,141,179 | $16,147,329 | +0.2% |
| Net Income | $1,287,292 | $715,223 | +0.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| SAM BENTLEY | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROBERT LIKES | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ALYSA PETERSON | BOARD MEMBER JAN-SEPT | 1.00 |
Director
|
$0 | $0 | $0 |
| ANNIE PERIZZOLO | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRIS PARKER | BOARD MEMBER JAN-SEPT | 1.00 |
Director
|
$0 | $0 | $0 |
| DEREK TUCKETT | BOARD MEMBER JAN-SEPT | 1.00 |
Director
|
$0 | $0 | $0 |
| GREG RICH | BOARD MEMBER JAN-SEPT | 1.00 |
Director
|
$0 | $0 | $0 |
| DIANA SASSER | BOARD MEMBER SEPT-DEC | 1.00 |
Director
|
$0 | $0 | $0 |
| DOUG SNYDER | BOARD MEMBER SEPT-DEC | 1.00 |
Director
|
$0 | $0 | $0 |
| REED DIXION | BOARD MEMBER JAN-SEPT | 1.00 |
Director
|
$0 | $0 | $0 |
| JAN BERGESON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SHARLENE WILDE | BOARD MEMBER JAN-SEPT | 1.00 |
Director
|
$0 | $0 | $0 |
| SEPENCER MCALLISTER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| STEPHANIE WHITE | BOARD MEMBER JAN-SEPT | 1.00 |
Director
|
$0 | $0 | $0 |
| TONY MILNER | BOARD MEMBER JAN-SEPT | 1.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM WHETSTONE | BOARD MEMBER JAN-SEPT | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID SNEDAKER | BOARD MEMBER JAN-SEPT | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID DAMSCHEN | BOARD MEMBER JAN-SEPT | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL PALMER | BOARD MEMBER JAN-SEPT | 1.00 |
Director
|
$0 | $0 | $0 |
| JED CROOKSTON | BOARD MEMBER SEPT-DEC | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT HAMMOCK | BOARD MEMBER SEPT-DEC | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVEN NIELSEN | PRESIDENT & CEO JAN-MAR | 40.00 |
Officer
|
$190,203 | $12,990 | $203,193 |
| MENDI LEISURE | CHIEF OPERATING OFFICER | 40.00 |
Officer
|
$182,101 | $14,213 | $196,314 |
| DAVID RIP | TREASURER & CFO | 40.00 |
Officer
|
$296,408 | $52,854 | $349,262 |
| JOHN MONTGOMERY | CHIEF RISK OFFICER | 40.00 |
Officer
|
$259,031 | $31,639 | $290,670 |
| NICHOLAS BERGER | CHIEF LENDING OFFICER | 40.00 |
Officer
|
$221,128 | $44,335 | $265,463 |
| CHRISTOPHER JENSEN | PRESIDENT & CEO FEB-DEC | 40.00 |
Officer
|
$324,554 | $24,933 | $349,487 |
| ADAM KEENE | CONTROLLER | 40.00 |
Key Emp
|
$220,969 | $33,950 | $254,919 |
| VICKIE ENSLEY | CLOSING MANAGER | 40.00 |
Highest
|
$110,656 | $22,083 | $132,739 |
| MATTHEW HAYNES | LOAN CLOSING MANGAGER | 40.00 |
Highest
|
$137,016 | $16,635 | $153,651 |
| AARON HAROLDSEN | SENIOR CREDIT OFFICER | 40.00 |
Highest
|
$121,309 | $35,054 | $156,363 |
| GARY NEIBAUR | ACCOUNTANT | 40.00 |
Highest
|
$117,105 | $8,954 | $126,059 |
| NATASHA PFEIFFER | SENIOR LOAN OFFICER | 40.00 |
Highest
|
$149,719 | $36,054 | $185,773 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $21,428,471 | $20,141,179 | $468,815,435 | $1,287,292 |
| 2023 | $16,862,552 | $16,147,329 | $409,404,552 | $715,223 |
| 2022 | $14,309,085 | $13,554,340 | $316,858,428 | $754,745 |
| 2021 | $12,007,635 | $10,947,876 | $241,166,960 | $1,059,759 |
| 2020 | $9,093,346 | $8,322,135 | $190,630,338 | $771,211 |
| 2019 | $8,195,932 | $7,937,430 | $161,195,074 | $258,502 |
| 2018 | $7,793,692 | $7,405,727 | $156,571,622 | $387,965 |
Compare ROCKY MOUNTAIN COMMUNITY REINVESTMENT CO with other nonprofits in Utah and across the country.