RURAL HEALTHCARE INITIATIVE INC

EIN: 934917908 Health Care

RALEIGH, NC

Total Revenue
$13,609
Total Expenses
$1,302,089
Total Assets
$2,323
Net Assets
$2,323
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NC
Principal Officer
ROBERT WILSON JR
Phone
9193293870
Tax Period
2025-01-01 to 2025-12-31

RURAL HEALTHCARE INITIATIVE INC, founded in 2021, is a micro nonprofit in the Health Care sector that reported $14K in total revenue in fiscal year 2025. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 9468% operating deficit.

Mission

RURAL HEALTHCARE INITIATIVE, INC.'S PURPOSE AND MISSION IS TO PROMOTE THE COMMON INTERESTS AND IMPROVE THE BUSINESS CONDITIONS OF HEALTHCARE PROVIDERS IN RURAL AREAS OF THE UNITED STATES BY CREATING EFFECTIVE MODELS OF SUSTAINABLE HEALTHCARE FOR RURAL COMMUNITIES, ENHANCING FINANCIAL OPPORTUNITIES, DEVELOPING RELATIONSHIPS AND NETWORKS, BY JOINING BUSINESSES AND INDIVIDUAL STAKEHOLDERS IN THE HEALTHCARE INDUSTRY, IMPLEMENTING AND MAINTAINING TARGETED STRATEGIC PLANS, AND SERVING AS A LEADER AND ADVOCATE FOR OBTAINING FINANCIAL AND OTHER SPECIALIZED RESOURCES NECESSARY TO SUPPORT AND SUSTAIN RURAL HEALTHCARE IN THE UNITED STATES.

Program Service Accomplishments

Program 1
Expenses: $1,226,479

TO PROMOTE THE COMMON INTERESTS AND IMPROVE THE BUSINESS CONDITIONS OF HEALTHCARE PROVIDERS IN RURAL AREAS OF THE UNITED STATES BY CREATING EFFECTIVE MODELS OF SUSTAINABLE HEALTHCARE FOR RURAL...

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TO PROMOTE THE COMMON INTERESTS AND IMPROVE THE BUSINESS CONDITIONS OF HEALTHCARE PROVIDERS IN RURAL AREAS OF THE UNITED STATES BY CREATING EFFECTIVE MODELS OF SUSTAINABLE HEALTHCARE FOR RURAL COMMUNITIES, ENHANCING FINANCIAL OPPORTUNITIES, DEVELOPING RELATIONSHIPS AND NETWORKS, BY JOINING BUSINESSES AND INDIVIDUAL STAKEHOLDERS IN THE HEALTHCARE INDUSTRY, IMPLEMENTING AND MAINTAINING TARGETED STRATEGIC PLANS, AND SERVING AS A LEADER AND ADVOCATE FOR OBTAINING FINANCIAL AND OTHER SPECIALIZED RESOURCES NECESSARY TO SUPPORT AND SUSTAIN RURAL HEALTHCARE IN THE UNITED STATES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $13,609
Other Revenue $0
TOTAL REVENUE $13,609

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,226,479
Other Expenses $1,302,089
TOTAL EXPENSES $1,302,089

Year-over-Year Comparison

2025 2024 Change
Revenue $13,609 $2,543,418 -1.0%
Expenses $1,302,089 $1,252,615 +0.0%
Net Income $-1,288,480 $1,290,803 -2.0%
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

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Liquidity & Cash Position

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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
1
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT WILSON JR CEO & CHAIRM 3.00
Officer Director
$0 $0 $0
TERRY CARDEN TREASURER 0.50
Director
$0 $0 $0
STEVE STEINBACHER SECRETARY 1.00
Director
$0 $0 $0
DAWN CARTER VICE CHAIR 1.00
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
2025 $13,609 $1,302,089 $2,323 $-1,288,480
2024 $2,543,418 $1,252,615 $1,290,803 $1,290,803
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