RURAL NEVADA DEVELOPMENT CORPORATION (EIN 880280033) - 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

1992

Legal Domicile

Principal Officer

MARY KERNER

Phone

7752898519

Tax Period

2023-07-01 to 2024-06-30

RURAL NEVADA DEVELOPMENT CORPORATION, founded in 1992, is a community nonprofit in the Unknown sector that reported $5.6M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.7M, a strong 48% operating margin.

Mission

ECONOMIC DEVELOPMENT SERVICES

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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 $4,112,161

Program Service Revenue $350,745

Investment Income $1,104,822

Other Revenue $0

TOTAL REVENUE $5,567,728

Expense Breakdown

Grants Paid $0

Salaries & Benefits $786,552

Fundraising Expenses $0

Program Expenses $2,607,523

Other Expenses $2,100,869

TOTAL EXPENSES $2,887,421

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,567,728	$4,912,598	+0.1%
Expenses	$2,887,421	$2,076,612	+0.4%
Net Income	$2,680,307	$2,835,986	-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

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

$173,161

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY MARTIN	CHAIR	5.00	Director	$0	$0	$0
TRISH RIPPIE	1ST VICE CHAIR	2.00	Director	$0	$0	$0
JONI EASTLEY	2ND VICE CHAIR	2.00	Director	$0	$0	$0
KENNA ALMBERG	SEC./TREAS	1.00	Director	$0	$0	$0
DANNY BENSON	DIRECTOR	1.00	Director	$0	$0	$0
KATHY HALBARDIER	DIRECTOR	1.00	Director	$0	$0	$0
JAMES UTTERBACK	DIRECTOR	1.00	Director	$0	$0	$0
MARY KERNER	CEO	40.00	Officer	$158,410	$14,751	$173,161

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	$5,567,728	$2,887,421	$32,634,809	$2,680,307
2023	$4,912,598	$2,076,612	$28,451,438	$2,835,986
2022	$5,521,868	$2,016,110	$25,484,515	$3,505,758
2021	$11,283,329	$2,097,882	$21,547,293	$9,185,447
2020	$1,698,422	$1,706,649	$11,956,520	$-8,227
2019	$1,945,116	$1,854,747	$11,486,154	$90,369

RURAL NEVADA DEVELOPMENT CORPORATION