RURAL DEVELOPMENT INITIATIVES INC

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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

1991

Legal Domicile

Principal Officer

HEIDI KHOKHAR

Phone

4582158396

Tax Period

2024-01-01 to 2024-12-31

RURAL DEVELOPMENT INITIATIVES INC, founded in 1991, is a community nonprofit in the Unknown sector that reported $2.7M in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $535K, a strong 20% operating margin.

Mission

RDI STRENGTHENS RURAL PEOPLE, PLACES, AND ECONOMIES IN THE PACIFIC NORTHWEST.

Program Service Accomplishments

Program 1

Expenses: $1,040,731 Revenue: $250,892

RESILIENT RURAL ECONOMIES - SERVICES THAT SUPPORT COMMUNITIES AND REGIONS IN IMPLEMENTING INNOVATIVE STRATEGIES TO BUILD LOCAL WEALTH, JOBS, AND LONG-TERM PROSPERITY. RDI'S RURAL ECONOMIC DEVELOPMENT SERVICES HELP TEAMS OF LOCAL LEADERS AND ASPIRING ENTREPRENEURS ASSESS THEIR ECONOMIC LANDSCAPE AND BUILD ON THEIR NATURAL, CULTURAL, AND ECONOMIC ASSETS. OUR WORK RESULTS IN STRONGER LOCAL ECONOMY BUILDING EFFORTS AND SUPPORT SYSTEMS, SUCCESSFUL SMALL BUSINESSES, INCREASED INVESTMENT IN RURAL ENTERPRISES, AND RESILIENT, PLACE-BASED STRATEGIES THAT REDUCE DISPARITIES IN ECONOMIC OPPORTUNITY.

Program 2

Expenses: $316,884 Revenue: $34,125

COLLECTIVE RURAL LEADERSHIP - SERVICES THAT BUILD LOCAL CAPACITY AND PROVIDE EDUCATION FOR INDIVIDUALS IN RURAL COMMUNITIES. RDI'S LEADERSHIP DEVELOPMENT EFFORTS FOSTER A SHARED SENSE OF PURPOSE...

COLLECTIVE RURAL LEADERSHIP - SERVICES THAT BUILD LOCAL CAPACITY AND PROVIDE EDUCATION FOR INDIVIDUALS IN RURAL COMMUNITIES. RDI'S LEADERSHIP DEVELOPMENT EFFORTS FOSTER A SHARED SENSE OF PURPOSE, BUILD TRUST AND CONNECTION AMONG LOCALS, AND INCREASE THE NUMBER AND DIVERSITY OF PEOPLE ACTIVELY ENGAGED IN COMMUNITY CHANGE. OUR WORK RESULTS IN A NETWORK OF SKILLED, ENGAGED LOCAL LEADERS WHO CAN COLLABORATE ACROSS DIFFERENCES, ADDRESS COMPLEX CHALLENGES, AND STRENGTHEN COMMUNITY LIFE.

Program 3

Expenses: $484,361 Revenue: $108,143

INCLUSIVE RURAL POLICY & EQUITABLE RESOURCES - SERVICES THAT CLOSE THE RURAL RESOURCE GAP AND ADVANCE POLITICAL EQUITY FOR RURAL PEOPLE AND PLACES. RDI'S POLICY AND RESOURCE WORK EDUCATES, ACTIVATES, AND CONNECTS RURAL LEADERS AND NETWORKS TO DRIVE SYSTEMS CHANGE. OUR EFFORTS GROW CIVIC PARTICIPATION AND REPRESENTATION, STRENGTHEN RURAL NETWORKS, ELEVATE RURAL PRIORITIES, AND INCREASE ACCESS TO PUBLIC AND PRIVATE FUNDING THROUGH CAPACITY-BUILDING AND EXPANDED INVESTMENT IN RURAL COMMUNITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,277,491

Program Service Revenue $393,160

Investment Income $4,108

Other Revenue $791

TOTAL REVENUE $2,675,550

Expense Breakdown

Grants Paid $167,500

Salaries & Benefits $1,191,794

Fundraising Expenses $30,169

Program Expenses $1,841,976

Other Expenses $781,091

TOTAL EXPENSES $2,140,385

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,675,550	$1,602,501	+0.7%
Expenses	$2,140,385	$1,761,948	+0.2%
Net Income	$535,165	$-159,447	-4.4%

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

$236,764

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAYLOR SARMAN	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
DEB SMITH	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
MIKE MCLAUGHLIN	BOARD TREASURER STARTED AUGUST 2024	1.00	Officer Director	$0	$0	$0
KATIE SHEFFIELD	BOARD TREASURER THROUGH AUGUST 2024	1.00	Officer Director	$0	$0	$0
MALLORIE ROBERTS	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
AMY CALLAHAN-TRACEWELL	BOARD PAST CHAIR	1.00	Officer Director	$0	$0	$0
CHRIS CUMMINGS	BOARD DIRECTOR	1.00	Director	$0	$0	$0
CHRISTIAN VAZQUEZ-RIVERA	BOARD DIRECTOR	1.00	Director	$0	$0	$0
JERRY MILLER	BOARD DIRECTOR	1.00	Director	$0	$0	$0
WILLOW OELKE	BOARD DIRECTOR	1.00	Director	$0	$0	$0
MARINA DENNY	BOARD DIRECTOR	1.00	Director	$0	$0	$0
HEIDI KHOKHAR	EXECUTIVE DIRECTOR	36.00	Officer	$137,738	$8,314	$146,052
AMY HAUSE	DEPUTY DIRECTOR	32.00	Officer	$82,398	$8,314	$90,712

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	$2,675,550	$2,140,385	$2,007,590	$535,165
2023	$1,602,501	$1,761,948	$1,462,068	$-159,447
2022	$1,745,982	$1,652,700	$1,629,041	$93,282
2021	$1,584,158	$1,541,429	$1,425,815	$42,729
2020	$1,253,321	$1,821,107	$1,730,298	$-567,786