Rural Business Innovation Corporation

Nonprofit profile at a glance

EIN
232721618
IRS 990-EZ coverage
2010–2021
Forms available
Form 990-EZ 2021
Location
Bloomsburg, PA, USA
Phone
5702540096
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Employment Procurement Assistance

Official website

Reported finances

Revenue
$38,088
Expenses
$55,574
Assets
$105,553
Liabilities
$137,024

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • LUCINDA CRAIG (FORMER EXECUTIVE DIRECTOR)
  • FRED KLUCK (PRESIDENT)
  • DANIEL MCGANN (VICE PRESIDENT)

People named in this filing

  • LUCINDA CRAIG (FORMER EXECUTIVE DIRECTOR)
  • FRED KLUCK (PRESIDENT)
  • DANIEL MCGANN (VICE PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To facilitate the start-up of early state companies by providing direct loans, education, and assistance to prospective business owners.

What it reported doing in 2021

Provide incubator space that facilitates the start-up of early stage companies along with education and assistance to new business owners. Provide direct loans to assist start-up businesses.

Operating model

Revenue model
Donor-supported. 79% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of total spending goes to programs and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 63
  • Transparency & Controls: 100
  • Sustainability: 23
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72.2%; rating input score 72
  • Program expense ratio: 47.5%; rating input score 47

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -45.9%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 1.9; rating input score 56; 56th percentile among comparable filings
  • Liabilities to assets ratio: 1.3; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 71.1%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: 7.2% per year; rating input score 100; 74th percentile among comparable filings
  • Revenue growth: 7.8% per year; rating input score 100; 81st percentile among comparable filings
  • Asset growth: -1% per year; rating input score 0; 33rd percentile among comparable filings

Details

  • Where the money goes: 72.2% of revenue deployed · 47.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $26K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 10 filing years from 2010 to 2021
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Moderate — Financial Efficiency: Program expense ratio scored 47/100.
  • High — Sustainability: Operating margin scored 13/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 56/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.