SALEM, OR
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)VALLEY DEVELOPMENT INITIATIVES, founded in 1994, is a small nonprofit that reported $120K in total revenue in fiscal year 2024. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $196K exceeded revenue, resulting in a 63% operating deficit.
THE PRINCIPAL PURPOSE OF THIS CORPORATION SHALL BE TO ACT AS AN INTERMEDIARY BORROWER/RELENDER WITHIN THE SCOPE OF CERTAIN "INTERMEDIARY RELENDING PROGRAMS" ESTABLISHED BY THE U.S. DEPARTMENT OF AGRICULTURE, RURAL DEVELOPMENT, AND THE U.S. SMALL BUSINESS ADMINISTRATION; AS A LENDER OF OTHER PUBLIC FUNDS SUCH AS THOSE MADE AVAILABLE UNDER THE RURAL BUSINESS ENTERPRISE GRANT PROGRAM ESTABLISHED BY RURAL DEVELOPMENT AND FUNDS THAT MAY BE DERIVED FROM OTHER PUBLIC AGENCIES TO ACCOMPLISH SIMILAR GOALS, AND PROVIDE AFFORDABLE HOUSING THAT IS DECENT, SAFE, AND SANITARY FOR LOW-INCOME FAMILIES, TO CARRY OUT A NEIGHBORHOOD REVITALIZATION OR COMMUNITY ECONOMIC DEVELOPMENT, AND TO CONTRACT WITH AN APPROPRIATE POLITICAL SUBDIVISION ("A PUBLIC BODY" AS DEFINED IN ORS 30.620) OF THE STATE OF OREGON TO ADMINISTER SUCH PROGRAM IN THE NAME OF THIS CORPORATION.
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 | $120,249 | $353,239 | -0.7% |
| Expenses | $195,658 | $418,415 | -0.5% |
| Net Income | $-75,409 | $-65,176 | +0.2% |
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 |
|---|---|---|---|---|---|---|
| DERIK MUNNS | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ALEX RHOTEN | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANDY BENNETT | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RAY TEASLEY | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SAM BRENTANO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TRUMAN STONE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LESA GOFF | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KENNA WEST | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| NATALIE MCRAE CARMICHAEL | PROGRAM DIRECTOR | 0.50 |
Officer
|
$0 | $41,450 | $163,451 |
| JEFFREY HILDERBRAND | LOAN PROGRAM MANAGER | 20.00 |
Highest
|
$0 | $37,019 | $156,858 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $120,249 | $195,658 | $7,382,916 | $-75,409 |
| 2024 | $353,239 | $418,415 | $7,682,904 | $-65,176 |
| 2023 | $319,865 | $473,460 | $7,879,106 | $-153,595 |
| 2022 | $191,112 | $361,742 | $7,121,121 | $-170,630 |
| 2021 | $336,935 | $375,436 | $7,257,429 | $-38,501 |
| 2020 | $396,099 | $397,078 | $7,338,440 | $-979 |
| 2019 | $296,477 | $353,421 | $7,481,853 | $-56,944 |
| 2018 | $286,780 | $211,545 | $7,711,017 | $75,235 |
Compare VALLEY DEVELOPMENT INITIATIVES with other nonprofits in Oregon and across the country.