Friends of South Dakota Public Bro… - Form 990 Financial Data

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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

1973

Legal Domicile

Principal Officer

Ryan Howlett

Phone

6053677266

Tax Period

2024-07-01 to 2025-06-30

Friends of South Dakota Public Broadcasting, founded in 1973, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.4M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $4.7M left a modest 12% surplus.

Mission

Friends of South Dakota Public Broadcasting supports lifelong learning for all South Dakotans through advocacy, leadership and responsible fundraising on behalf of SDPB television, radio, internet, and education and outreach.

Program Service Accomplishments

Program 1

Expenses: $2,484,973 Revenue: $0

Friends of South Dakota Public Broadcasting provides support to South Dakota Public Broadcasting (SDPB), which is a statewide source for over-the-air, commercial-free, educational programming for all ages. SDPB is South Dakotans' most reliable, accessible, and extensive multiplatform resource for access to the South Dakota State Legislature, including live feeds, daily reports, and broadcasts from the Capital. SDPB is the state's major broadcaster of South Dakota High School tournaments and events featuring high school student athletes and achievers. SDPB is a significant source of local, in-depth documentaries and history providers and is the sole provider of over-the-air TV for South Dakota's most remote and rural areas. SDPB is the statewide Emergency Alert System information provider, alerting South Dakotans to Amber Alerts, Blue Alerts and Silver Alerts, and in the event of natural or man-made disasters. It is also the statewide source for all-ages programming about the living culture, history, and current issues of the Oceti Sakowin, comprised of South Dakota's nine Native American Tribes.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,035,422

Program Service Revenue $0

Investment Income $345,460

Other Revenue $0

TOTAL REVENUE $5,380,882

Expense Breakdown

Grants Paid $1,487,208

Salaries & Benefits $1,441,107

Fundraising Expenses $1,769,608

Program Expenses $2,484,973

Other Expenses $1,532,967

TOTAL EXPENSES $4,709,457

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,380,882	$4,417,622	+0.2%
Expenses	$4,709,457	$4,848,671	0.0%
Net Income	$671,425	$-431,049	-2.6%

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

235

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

$265,593

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Katrin Profilet	Past President	2.00	Officer Director	$0	$0	$0
Gene Ellenson	President	2.00	Officer Director	$0	$0	$0
Mike Mueller	Vice President	2.00	Officer Director	$0	$0	$0
Jan Johnson	Secretary	2.00	Officer Director	$0	$0	$0
Josh VanLaecken	Treasurer	2.00	Officer Director	$0	$0	$0
Vernon Brown	Director	1.00	Director	$0	$0	$0
Tom Hurlbert	Director	1.00	Director	$0	$0	$0
Tamara Pier	Director	1.00	Director	$0	$0	$0
Matt Rama	Director	1.00	Director	$0	$0	$0
Matt Moen	Director	1.00	Director	$0	$0	$0
Lindsey Meyers	Director	1.00	Director	$0	$0	$0
Bobbie Clark	Director	1.00	Director	$0	$0	$0
Kara Flynn	Director	1.00	Director	$0	$0	$0
Toby Uecker	Director	1.00	Director	$0	$0	$0
Nick Fischer	Director	1.00	Director	$0	$0	$0
Kay Jorgensen	Ex-Officio Director Until 10/2024	1.00	Director	$0	$0	$0
Julie Overgaard	Ex-Officio Director Until 10/2024	1.00	Director	$0	$0	$0
Karen Mortimer	Director	1.00	Director	$0	$0	$0
Liam Culhane	Director	1.00	Director	$0	$0	$0
Charles Hart	Director	1.00	Director	$0	$0	$0
Leslie Magnusson Hildyard	Director	1.00	Director	$0	$0	$0
Ryan Howlett	CEO	45.00	Officer	$125,406	$10,760	$136,166
Laura Peterson	CFO	45.00	Officer	$117,632	$11,795	$129,427
Eric Erickson	VP of Corporate Partnership	45.00	Highest	$136,629	$8,200	$144,829

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
2025	$5,380,882	$4,709,457	$12,731,312	$671,425
2024	$4,417,622	$4,848,671	$11,742,383	$-431,049
2023	$4,517,811	$4,268,152	$11,028,958	$249,659
2022	$5,354,022	$3,695,167	$8,253,361	$1,658,855
2021	$4,319,011	$3,409,505	$7,126,777	$909,506
2020	$3,697,876	$3,421,392	$5,320,437	$276,484
2019	$3,542,086	$3,190,035	$4,832,930	$352,051

Friends of South Dakota Public Broadcasting