2025-06-27T15:02:13-04:00 2024-09-30 431109768 KPM CPAS PC 1445 E REPUBLIC RD SPRINGFIELD MO 65804 990 2023-10-01 430889695 RURAL MISSOURI INCORPORATED RURA 5736340560 3324 EMERALD LANE JEFFERSON CITY MO 65109 ZOLA FINCH EXECUTIVE DIRECTOR 5736340560 2025-06-26 true false KEITH M SEIWERT CPA P00825444 4178824300 2025-06-26 2023 2025-03-06 01:10:19Z ZOLA FINCH 3324 EMERALD LANE JEFFERSON CITY MO 65109 3350894 false X WWW.RMIINC.ORG X 1966 MO RMI PROMOTES ECONOMIC GROWTH IN MIDWESTERN STATES BY SUPPORTING SMALL BUSINESS DEVELOPMENT, AIMING TO INCREASE EMPLOYMENT, PAYROLL, BUSINESS VOLUME, TAX BASE, AND RETAIN RESIDENTS IN THE REGION. 11 11 12 36 0 0 2815918 2930671 292526 420223 7571 0 3116015 3350894 0 0 1669148 1750491 0 0 928128 720044 2597276 2470535 518739 880359 10376576 11367304 461635 837496 9914941 10529808 X RMI'S PURPOSE IS TO FURTHER PROMOTE THE ECONOMIC AND COMMERCIAL DEVELOPMENT OF STATES SITUATED IN THE MIDWESTERN UNITED STATES, PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF SMALL BUSINESS CONCERNS WITHIN RMI'S SERVICE AREA TO BENEFIT RESIDENTS OF THE MIDWESTERN STATES AS MEASURED BY INCREASED EMPLOYMENT, PAYROLL, BUSINESS VOLUME, TAX BASE, AND CITIZEN RETENTION. false false 2036367 2930671 DURING FY24, RMI APPROVED 3 IRP LOANS TOTALING 589,363. DURING FY24, RMI FUNDED 3 INTERMEDIARY RELENDING PROGRAM (IRP) LOANS TOTALING 589,363 (ALL IRP LOANS THAT WERE APPROVED DURING THE FISCAL YEAR WERE ALSO FUNDED). 3 RMI DIRECT LOANS WERE APPROVED TOTALING 472,928. APPROVALS FOR FY 2024 WERE 13 KS SBA 504 LOANS TOTALING 20.027 MILLION; 12 AR SBA 504 LOANS TOTALING 12.828 MILLION AND 35 MO SBA 504 LOANS TOTALING 28.847 MILLION RMI CREATED 692 JOBS AND RETAINED 262 JOBS. 2036367 true false false false false false false false false false true false false false false true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 15 0 true 12 true false false false false false false false false false false false false X 11 11 false false false false true true false true true false false true true true true true true true true false X ZOLA FINCH 5736340560 3324 EMERALD LANE JEFFERSON CITY MO 65109 ZOLA FINCH EXECUTIVE DI 40.00 X 296210 0 23391 MARK DILIBERTO SR. LOAN OFF 40.00 X 198182 0 35460 MELINDA MURRAY SR. LOAN OFF 40.00 X 211358 0 17774 WESLEY DARNELL LOAN OFFICER 40.00 X 151222 0 19107 LUCAS BERHOST LOAN SERVICI 40.00 X 121338 0 14738 GENE WISEMAN PRESIDENT 40.00 X X 0 0 0 CHARLES HACHTEL VICE PRESIDE 40.00 X X 0 0 0 SHAYNA LANE SECR./TREAS. 40.00 X X 0 0 0 TIM HAGENHOFF DIRECTOR 1.00 X 0 0 0 CHRISSY SHUMARD DIRECTOR 1.00 X 0 0 0 MICHAEL DENIGHT DIRECTOR 1.00 X 0 0 0 JANE HOOD DIRECTOR 1.00 X 0 0 0 EILEEN JENNINGS DIRECTOR 1.00 X 0 0 0 JEFF SEIFRIED DIRECTOR 1.00 X 0 0 0 KYLE THOMPSON DIRECTOR 1.00 X 0 0 0 MARTIN SWOPE DIRECTOR 1.00 X 0 0 0 978310 110470 5 false true false ANNETE DARNELL 1600 ARBOUR LEBANON MO 65536 MKTG/PACKAGING 209227 1 SERVICE FEE REVENUE 522291 2930339 2930339 OTHER INCOME 900099 332 332 2930671 420223 420223 3350894 2930671 420223 327021 98106 228915 1122490 1053706 68784 107568 92202 15366 99721 81426 18295 93691 74953 18738 116287 106141 10146 50728 27471 23257 21432 17146 4286 53724 42979 10745 78307 62646 15661 45504 36403 9101 77593 77593 7057 7057 1261 1009 252 17876 14301 3575 35234 28187 7047 LOANS & PROGRAMS EXPENSE 201041 201041 CREDIT LOSSES 14000 14000 2470535 2036367 434168 0 100 4977600 5469353 -2035 22865 4815632 5282989 10021 11120 894630 313753 597893 580877 -22535 10376576 11367304 308422 374842 328745 153213 133909 461635 837496 X 9914941 10529808 9914941 10529808 10376576 11367304 880359 -265492 X false true X false false X 2392331 2817317 2719189 2815918 2930671 13675426 2392331 2817317 2719189 2815918 2930671 13675426 13675426 399319 223216 250134 292526 420223 1585418 399319 223216 250134 292526 420223 1585418 33650 8003 26100 7571 75324 2825300 3048536 2995423 3116015 3350894 15336168 0.89170 0.88420 0.10000 0.11000 X PART III, LINE 12 75,324 315000 315000 488867 244480 244387 90763 69273 21490 580877 X 3350894 3350894 3350894 2470535 2470535 2470535 SCHEDULE D, PAGE 3, PART X THE ORGANIZATION HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF SEPTEMBER 30, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. A TAX LIABILITY WOULD BE RECOGNIZED IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE ORGANIZATION DOES NOT BELIEVE IT LIKELY THAT CHANGES WILL OCCUR WITHIN THE NEXT FISCAL YEAR THAT WILL HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. X X X false false false false false false false false false ZOLA FINCH EXECUTIVE DIRECTOR 226410 69800 17911 5480 319601 MARK DILIBERTO SR. LOAN OFFICER 147369 50813 15992 19468 233642 MELINDA MURRAY SR. LOAN OFFICER 162758 48600 12782 4992 229132 WESLEY DARNELL LOAN OFFICER 115582 35640 11607 7500 170329 FORM 990 - ORGANIZATION'S MISSION RMI'S PURPOSE IS TO FURTHER PROMOTE THE ECONOMIC AND COMMERCIAL DEVELOPMENT OF STATES SITUATED IN THE MIDWESTERN UNITED STATES, PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF SMALL BUSINESS CONCERNS WITHIN RMI'S SERVICE AREA TO BENEFIT RESIDENTS OF THE MIDWESTERN STATES AS MEASURED BY INCREASED EMPLOYMENT, PAYROLL, BUSINESS VOLUME, TAX BASE, AND CITIZEN RETENTION. FORM 990, PAGE 6, PART VI, LINE 6 RMI HAS A VOLUNTEER MEMBERSHIP OF 46 INDIVIDUALS FROM LENDING INSTITUTIONS, BUSINESSES, COMMUNITY ORGANIZATIONS AND GOVERNMENT ECONOMIC DEVELOPMENT ORGANIZATIONS. THERE IS ONLY ONE CLASS OF MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A BOARD ELECTIONS ARE HELD ANNUALLY IN JULY, AND MEMBERS VOTE TO FILL BOARD POSITIONS IN ACCORDANCE WITH TERM LIMITS AND OTHER REQUIREMENTS ESTABLISHED IN THE BYLAWS. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND MADE AVAILABLE TO THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 12C EACH DIRECTOR, MEMBER, OFFICER, AND EMPLOYEE SHALL BE PROVIDED WITH AND ASKED TO REVIEW A COPY OF THE CONFLICT OF INTEREST POLICY AND TO ACKNOWLEDGE IN WRITING COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICIES. THEY MUST DISCLOSE THE EXISTENCE OF A POSSIBLE CONFLICT OF INTEREST. ONCE DISCLOSED, THE BOARD REVIEWS THE SITUATION AND DETERMINES IF A CONFLICT EXISTS. THE BOARD WILL VOTE TO ACCEPT OR REJECT THE TRANSACTION WITH THE INTERESTED PERSON. THE INTERESTED PERSON IS NOT ALLOWED TO VOTE. FORM 990, PAGE 6, PART VI, LINE 15A ANNUAL INDUSTRY AND MARKET COMPENSATION AND BENEFIT STUDIES ARE OBTAINED. THOSE ARE ANNUALLY REVIEWED BY THE BOARD OF DIRECTORS. IN ADDITION, AN ANNUAL EVALUATION OF THE EXECUTIVE DIRECTOR IS ALSO CONDUCTED TO EVALUATE JOB PERFORMANCE. THE BOARD OF DIRECTORS MAKES THE FINAL DETERMINATION OF COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 15B THE EXECUTIVE DIRECTOR (ED) PROVIDES A VERBAL PERFORMANCE REPORT TO THE DIRECTORS AT THE END OF THE FISCAL YEAR, INCLUDING, BUT NOT LIMITED TO, STAFF ACCOMPLISHMENTS AND PROBLEM AREAS, CHANGES IN STAFFING AND DUTIES, PROGRAM PERFORMANCE AND FISCAL RESULTS. THE ED RECOMMENDS A POOL FOR SALARY INCREASES AND ADJUSTMENT AND A BONUS POOL FOR STAFF. COMPARABLE PAY SCALES ARE PRESENTED, EITHER FROM FORMAL WAGE AND COMP STUDIES, SUCH AS THE BI- ANNUAL NADCO INDUSTRY STUDY, OR INTERNAL AND INFORMAL RESEARCH THROUGH DISCUSSIONS WITH EMPLOYERS IN THE AREA OR REVIEW OF OTHER ORGANIZATIONS'990 TAX RETURN. THE BOARD OF DIRECTORS PROVIDES A POOL FOR SALARY ADJUSTMENTS AND BONUSES FOR THE ED TO DISTRIBUTE TO STAFF AT THE ED'S DISCRETION AND SETS THE ED'S COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE UPON REQUEST.