Rutherford Railroad Development Corp

EIN: 884265374 501(c)(3) Community Improvement

Rutherfordton, NC

Total Revenue
$64,765
Total Expenses
$38,334
Total Assets
$26,431
Net Assets
$26,431
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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
2023
Legal Domicile
NC
Tax Period
2023-01-01 to 2023-12-31

Rutherford Railroad Development Corp, founded in 2023, is a micro nonprofit in the Community Improvement sector that reported $65K in total revenue in fiscal year 2023. The organization ran a surplus of $26K, a strong 41% operating margin.

Mission

The purpose of the corporation is to acquire,preserve,maintain, and manage former railroad rights of way for interim public recreational trail use to ensure their availability for future rail service reactivation. To promote public health and wellness.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $64,765
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $64,765

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $32,474
Other Expenses $38,334
TOTAL EXPENSES $38,334

Year-over-Year Comparison

2023 2022 Change
Revenue $64,765 N/A N/A
Expenses $38,334 N/A N/A
Net Income $26,431 N/A N/A
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
N/A

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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Doug Barrick Chairman 0.00
Officer Director
$0 $0 $0
Scott Webber Treasurer 1.75
Officer Director
$0 $0 $0
Steve Garrison Secretary 1.75
Officer Director
$0 $0 $0
Janet Mason Vice Chairman 1.75
Officer 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 $64,765 $38,334 $26,431 $26,431
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