Rural Employment Alternative
EIN: 421150011 · Conroy, IA
| Metric | Value |
|---|---|
| Total Revenue | $716K |
| Total Expenses | $592K |
| Net Assets | $145K |
Is Rural Employment Alternative Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Rural Employment Alternative
Rural Employment Alternative (EIN: 421150011) is a nonprofit organization based in Conroy, IA. The organization reported total revenue of $716K and total assets of $510K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rural Employment Alternative's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rural Employment Alternative is a small nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -0.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $620K |
| Total Expenses | $592K |
| Surplus / Deficit | +$28K |
| Total Assets | $511K |
| Total Liabilities | $366K |
| Net Assets | $145K |
| Operating Margin | 4.5% |
| Debt-to-Asset Ratio | 71.6% |
| Months of Reserves | 10.4 months |
Financial Health Grade: A
In 2024, Rural Employment Alternative reported a surplus of $28K with revenue exceeding expenses, holds 10.4 months of operating reserves (strong position), has a debt-to-asset ratio of 71.6% (high leverage).
Financial Trends
Over 13 years of filings (2012–2024), Rural Employment Alternative's revenue has declined at a compound annual growth rate (CAGR) of -0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -2.8% | -1.8% | -0.8% |
| 2023 | -28.2% | -5.7% | +0.8% |
| 2022 | +31.1% | +13.0% | +36.2% |
| 2021 | +23.9% | -7.5% | +22.3% |
| 2020 | -14.9% | +2.2% | +2.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rural Employment Alternative has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Rural Employment Alternative with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $28K, with revenue exceeding expenses.
- Debt-to-asset ratio: 71.6%.
Frequently Asked Questions about Rural Employment Alternative
Is Rural Employment Alternative a legitimate charity?
Rural Employment Alternative (EIN: 421150011) is a registered tax-exempt nonprofit based in Iowa. It has 13 years of IRS 990 filings on record. Total revenue: $716K. No red flags identified. Financial health grade: A.
How does Rural Employment Alternative spend its money?
Rural Employment Alternative reported $716K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Rural Employment Alternative tax-deductible?
Rural Employment Alternative is registered as a tax-exempt nonprofit (EIN: 421150011). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Rural Employment Alternative located?
Rural Employment Alternative is headquartered in Conroy, Iowa and files with the IRS under EIN 421150011.
How many years of IRS 990 filings does Rural Employment Alternative have?
Rural Employment Alternative has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $716K in total revenue.
Filing History
IRS 990 filing history for Rural Employment Alternative showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Rural Employment Alternative's revenue has declined by 7.3%, moving from $669K to $620K. Total assets increased by 75.2% over the same period, from $292K to $511K. Total functional expenses fell by 7.2%, from $638K to $592K. In its most recent filing year (2024), Rural Employment Alternative reported a surplus of $28K, with revenue exceeding expenses. The organization holds $366K in liabilities against $511K in assets (debt-to-asset ratio: 71.6%), resulting in net assets of $145K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $620K | $592K | $511K | $366K | — | — |
| 2023 | $638K | $603K | $515K | $398K | — | View 990 |
| 2022 | $888K | $640K | $512K | $429K | — | View 990 |
| 2021 | $677K | $566K | $376K | $454K | — | — |
| 2020 | $547K | $612K | $307K | $583K | — | View 990 |
| 2019 | $642K | $599K | $299K | $509K | — | View 990 |
| 2018 | $667K | $571K | $279K | $532K | — | — |
| 2017 | $562K | $557K | $216K | $565K | — | View 990 |
| 2016 | $631K | $616K | $247K | $600K | — | View 990 |
| 2015 | $612K | $610K | $262K | $631K | — | View 990 |
| 2014 | $622K | $658K | $280K | $651K | — | View 990 |
| 2013 | $653K | $626K | $323K | $40K | — | View 990 |
| 2012 | $669K | $638K | $292K | $36K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $620K, expenses of $592K, and assets of $511K (revenue -2.8% year-over-year).
- 2023: Revenue of $638K, expenses of $603K, and assets of $515K (revenue -28.2% year-over-year).
- 2022: Revenue of $888K, expenses of $640K, and assets of $512K (revenue +31.1% year-over-year).
- 2021: Revenue of $677K, expenses of $566K, and assets of $376K (revenue +23.9% year-over-year).
- 2020: Revenue of $547K, expenses of $612K, and assets of $307K (revenue -14.9% year-over-year).
- 2019: Revenue of $642K, expenses of $599K, and assets of $299K (revenue -3.7% year-over-year).
- 2018: Revenue of $667K, expenses of $571K, and assets of $279K (revenue +18.8% year-over-year).
- 2017: Revenue of $562K, expenses of $557K, and assets of $216K (revenue -11.0% year-over-year).
- 2016: Revenue of $631K, expenses of $616K, and assets of $247K (revenue +3.1% year-over-year).
- 2015: Revenue of $612K, expenses of $610K, and assets of $262K (revenue -1.7% year-over-year).
- 2014: Revenue of $622K, expenses of $658K, and assets of $280K (revenue -4.7% year-over-year).
- 2013: Revenue of $653K, expenses of $626K, and assets of $323K (revenue -2.5% year-over-year).
- 2012: Revenue of $669K, expenses of $638K, and assets of $292K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rural Employment Alternative:
Data Sources and Methodology
This transparency report for Rural Employment Alternative is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.