Rural Dynamics Inc
- Assets
- $5.6m
- Revenue
- $793.0k
- Investments
- $0.0
- Employees
- 9
- Location
- Great Falls, MT
- Founding
- 07/1974
- Data as of
- 12/2023
- EIN
- 81-0303443
Organization Overview
Rural Dynamics Inc is located in Great Falls, MT. The organization was established in 1974. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. As of 12/2023, Rural Dynamics Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rural Dynamics Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Rural Dynamics Inc generated $793.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $637.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (10.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
RURAL DYNAMICS, INC. HELPS PEOPLE ACHIEVE FINANCIAL SECURITY AND PURSUE ECONOMIC OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RURAL DYNAMICS, INC. PROVIDES PERSONAL FINANCE ASSISTANCE THROUGH TRUST FUND ACTIVITY FOR 252 CLIENTS, FINANCIAL EDUCATION, AND COUNSELING TO 827 CLIENTS AND PREPARED 3,224 TAX RETURNS WHICH RETURNED $4.4 MILLION DOLLARS TO MONTANA TAXPAYERS THROUGH THE TAX HELP MONTANA PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Molly Kimmel Chair | OfficerTrustee | 1 | $0 |
John Doran Vice Chair | OfficerTrustee | 1 | $0 |
Jennifer Banna Director | Trustee | 1 | $0 |
David Fink Director | Trustee | 1 | $0 |
Shandy Moran Director (termed 09.2023) | Trustee | 1 | $0 |
Hanna Tester Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $347 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $143,175 |
| Government grants | $316,630 |
| All other contributions, gifts, grants, and similar amounts not included above | $104,305 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $564,457 |
| Total Program Service Revenue | $226,573 |
| Investment income | $1,950 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $792,980 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $120,451 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $236,289 |
| Pension plan accruals and contributions | $12,499 |
| Other employee benefits | $33,850 |
| Payroll taxes | $30,741 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,461 |
| Fees for services: Accounting | $2,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $378 |
| Fees for services: Other | $5,771 |
| Advertising and promotion | $19,918 |
| Office expenses | $55,976 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,986 |
| Travel | $22,926 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,102 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,088 |
| Insurance | $2,280 |
| All other expenses | $0 |
| Total functional expenses | $637,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,723 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $180,232 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $425,639 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,251 |
| Net Land, buildings, and equipment | $13,992 |
| Investments—publicly traded securities | $887,727 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,893,622 |
| Total assets | $5,574,186 |
| Accounts payable and accrued expenses | $54,981 |
| Grants payable | $0 |
| Deferred revenue | $2,474 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,828,255 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,376,556 |
| Total liabilities | $5,262,266 |
| Net assets without donor restrictions | $311,920 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,574,186 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Debt Reduction Services Inc Boise, ID | $2,036,838 | $2,593,429 |
Family Financial Education Foundation Evanston, WY | $2,515,876 | $553,833 |
Black Hills Childrens Ranch Inc Rapid City, SD | $545,572 | $876,698 |
Allen Credit & Debt Counseling Agency Wolsey, SD | $413,969 | $889,078 |
Rural Dynamics Inc Great Falls, MT | $5,574,186 | $792,980 |
Rushmore Consumer Credit Resource Center Rapid City, SD | $1,126,274 | $348,125 |
Blue Federal Credit Union Foundation Cheyenne, WY | $298,643 | $343,645 |
Montana Credit Unions For Community Development Helena, MT | $421,243 | $175,409 |
Financial Advocates Of Southeast Idaho Inc Ammon, ID | $16,110 | $0 |
Benefit Payment Services Inc Mitchell, SD | $808 | $0 |
Representative Payee Services Inc Ethan, SD | $2,412 | $0 |
Toms Payee Service Inc Sheridan, WY | $202 | $0 |
She Knows Inc Post Falls, ID | $0 | $1,895 |