Rural Community Assistance Corporation (EIN 942512284) - 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

1978

Legal Domicile

Principal Officer

Murat Unal

Phone

9164472854

Tax Period

2024-10-01 to 2025-09-30

Rural Community Assistance Corporation, founded in 1978, is a mid-sized nonprofit in the Community Improvement sector that reported $90.8M in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. The organization ran a surplus of $32.3M, a strong 36% operating margin.

Mission

RCAC provides training, technical and financial resources and advocacy so rural communities achieve their goals and visions.

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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 $79,957,196

Program Service Revenue $7,721,475

Investment Income $3,021,730

Other Revenue $131,433

TOTAL REVENUE $90,831,834

Expense Breakdown

Grants Paid $3,869,255

Salaries & Benefits $30,790,838

Fundraising Expenses $634,738

Program Expenses $57,716,668

Other Expenses $23,883,934

TOTAL EXPENSES $58,544,027

Year-over-Year Comparison

	2024	2023	Change
Revenue	$90,831,834	$58,791,828	+0.5%
Expenses	$58,544,027	$50,345,386	+0.2%
Net Income	$32,287,807	$8,446,442	+2.8%

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

277

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

$1,067,846

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Suzanne Anarde-Devenport	CEO	40.00	Officer	$341,445	$42,930	$384,375
Cynthia Spencer	COO	40.00	Officer	$198,166	$36,817	$234,983
Murat Unal	CFO	40.00	Officer	$207,125	$27,716	$234,841
Ari Neumann	CIPO	40.00	Officer	$182,809	$30,838	$213,647
Juanita Hallstrom	Director, Loan Fund	40.00		$161,217	$34,453	$195,670
Anjali Sheth	Controller	40.00		$155,547	$39,052	$194,599
David Ferrier	Director, Housing Prog.	40.00		$163,605	$23,672	$187,277
Julia Helmreich	Director, Comms, Dev & Events	40.00		$164,100	$23,097	$187,197
Robert Longman	Loan Prod & Credit	40.00		$142,826	$20,977	$163,803
Erika Holzhauer	Asst Dir Housing	40.00		$124,761	$30,439	$155,200
Carol Cohen	Asst. Dir Econ Dev	40.00		$123,215	$31,832	$155,047
Michael Boyd	Asst. Dir C&ES	40.00		$122,140	$32,208	$154,348
Kate Hammarback	Int. Secretary	3.00	Officer Director	$0	$0	$0
Claudia O'Grady	Vice President	3.00	Officer Director	$0	$0	$0
Martin Miller	Board Member	10.00	Director	$0	$0	$0
Doris Morgan	Board Member	2.00	Director	$0	$0	$0
Frank Bravo	President	5.00	Officer Director	$0	$0	$0
Jackie Qatalina Schaeffer	Board Member	2.00	Director	$0	$0	$0
Keoni Lee	Board Member	3.00	Director	$0	$0	$0
Andres Cano	Treasurer	2.00	Officer Director	$0	$0	$0
Robert Apodaca	Board Member	2.00	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	$90,831,834	$58,544,027	$257,468,340	$32,287,807
2024	$58,791,828	$50,345,386	$220,723,819	$8,446,442
2023	$39,665,671	$34,132,281	$196,674,615	$5,533,390
2022	$32,872,425	$28,141,299	$196,708,835	$4,731,126
2021	$52,189,041	$23,675,555	$208,729,565	$28,513,486
2018	$24,246,331	$18,744,774	$103,307,708	$5,501,557

Rural Community Assistance Corporation