SIOUX FALLS STATE THEATRE COMPANY

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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

2005

Legal Domicile

Principal Officer

ALLISON WEILAND

Phone

6053355757

Tax Period

2023-01-01 to 2023-12-31

SIOUX FALLS STATE THEATRE COMPANY, founded in 2005, is a small nonprofit in the Arts, Culture & Humanities sector that reported $940K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Net assets of $8.0M represent 102 months of operating reserves.

Mission

THE SIOUX FALLS STATE THEATRE COMPANY IS A 501(C)(3) ORGANIZATION WITH A MISSION TO PRESERVE A HISTORIC LANDMARK AND PROVIDE COMMUNITY ACCESS TO A UNIQUE STATE-OF-THE-ART ENTERTAINMENT AND EDUCATION VENUE. THE RENOVATED STATE THEATRE WILL DRAMATICALLY ENHANCE COMMUNITY DEVELOPMENT, PROFESSIONAL RECRUITMENT AND THE ECONOMIC VITALITY OF SIOUX FALLS AND THE ENTIRE REGION.

Program Service Accomplishments

Program 1

Expenses: $890,357 Revenue: $787,751

THE SIOUX FALLS STATE THEATRE COMPANY CONTINUES FUNDRAISING EFFORTS TO RAISE FUNDS FOR THE PRESERVATION OF THE HISTORIC STATE THEATRE IN DOWNTOWN SIOUX FALLS, SD.

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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 (2023)

Revenue Breakdown

Contributions & Grants $151,429

Program Service Revenue $787,446

Investment Income $1,058

Other Revenue $305

TOTAL REVENUE $940,238

Expense Breakdown

Grants Paid $0

Salaries & Benefits $287,392

Fundraising Expenses $14,388

Program Expenses $890,357

Other Expenses $692,883

TOTAL EXPENSES $980,275

Year-over-Year Comparison

	2023	2022	Change
Revenue	$940,238	$834,357	+0.1%
Expenses	$980,275	$904,068	+0.1%
Net Income	$-40,037	$-69,711	-0.4%

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

Volunteers

N/A

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

$74,166

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE BATCHELLER	BOARD PRESIDENT	3.00	Officer Director	$0	$0	$0
MIKE CHILDERS	BOARD VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JENNIFER WARREN	BOARD TREASURER	3.00	Officer Director	$0	$0	$0
LIZ WHEELER	BOARD SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN SWEDEEN	BOARD MEMBER	2.00	Director	$0	$0	$0
STACY NEWCOMB-WEILAND	BOARD MEMBER	2.00	Director	$0	$0	$0
ROGER WEBER	BOARD MEMBER	2.00	Director	$0	$0	$0
SHAWN PRITCHETT	BOARD MEMBER	2.00	Director	$0	$0	$0
PATTI ABDALLAH	BOARD MEMBER	2.00	Director	$0	$0	$0
MARCIE HALBERSTADT	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVE MELEMSTER	BOARD MEMBER	2.00	Director	$0	$0	$0
RYAN HOWLETT	BOARD MEMBER	2.00	Director	$0	$0	$0
ALLISON WEILAND	EXECUTIVE DIRECTOR	40.00	Officer	$74,166	$0	$74,166

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
2024	No data	No data	No data	No data
2023	$940,238	$980,275	$10,947,116	$-40,037
2022	$834,357	$904,068	$11,162,856	$-69,711
2021	$690,412	$762,048	$8,341,644	$-71,636
2020	$1,253,498	$257,098	$8,358,529	$996,400
2019	$5,030,489	$155,731	$6,754,912	$4,874,758
2018	$215,005	$234,190	$1,886,063	$-19,185