BLACK HILLS STATE UNIVERSITY FOUND… - 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

1975

Legal Domicile

Principal Officer

STEVE MEEKER

Phone

6056426220

Tax Period

2023-01-01 to 2023-12-31

BLACK HILLS STATE UNIVERSITY FOUNDATION, founded in 1975, is a community nonprofit in the Education sector that reported $5.2M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.3M, a strong 44% operating margin.

Mission

TO PROVIDE PRIVATE GIFT SUPPORT FOR BHSU. THE FOUNDATION'S PURPOSE IS TO COMMUNICIATE THIS TO ALUMNI, PARENTS, FRIENDS, CORPORATIONS, AND FOUNDATIONS TO OBTAIN AWARENES, UNDERSTANDING, ACCEPTANCE, AND SUPPORT. THE FOUNDATION ALSO ADDRESSES BOTH THE SHORT-TERM OPERATING AND LONG-TERM CAPITAL AND ENDOWMENT NEEDS OF BHSU.

Program Service Accomplishments

Program 1

Expenses: $1,575,808

PROVIDE SCHOLARSHIPS AND AWARDS TO STUDENTS OF BLACK HILLS STATE UNIVERSITY. THE ORGANIZATION AWARDED 1,006 SCHOLARSHIPS.

Program 2

Expenses: $637,813

INSTITUTIONAL SUPPORT OF MANAGEMENT AND SPECIAL PROJECTS RELATED TO BLACK HILLS STATE UNIVERSITY.

Program 3

Expenses: $35,212

DEVELOP AND MAINTAIN RELATIONSHIPS WITH ALUMNI OF BHSU.

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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 $4,386,552

Program Service Revenue $0

Investment Income $773,246

Other Revenue $24,430

TOTAL REVENUE $5,184,228

Expense Breakdown

Grants Paid $2,126,054

Salaries & Benefits $11,234

Fundraising Expenses $47,619

Program Expenses $2,331,235

Other Expenses $782,273

TOTAL EXPENSES $2,919,561

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,184,228	$4,334,811	+0.2%
Expenses	$2,919,561	$2,003,963	+0.5%
Net Income	$2,264,667	$2,330,848	0.0%

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

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

$225,655

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE MEEKER	EXEC VICE PR	27.00	Officer	$0	$38,383	$225,655
KATHY J JOHNSON	VP OF FINANC	1.00	Highest	$0	$40,171	$239,516
DAMIAN EDERHOFF	PRESIDENT	1.00	Officer Director	$0	$0	$0
JIM MORAVEC	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
BETH BENNING	SECRETARY	1.00	Officer Director	$0	$0	$0
SANDRA ADDY	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHRYN JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARLA BARNARD	BOARD MEMBER	1.00	Director	$0	$0	$0
TASHI BRAUN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
TAMARA BURKE	BOARD MEMBER	1.00	Director	$0	$0	$0
VINCENT GRAVELLE	BOARD MEMBER	1.00	Director	$0	$0	$0
JUDY DRYDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
CRAIG KATT	BOARD MEMBER	1.00	Director	$0	$0	$0
LES LINDSKOV	BOARD MEMBER	1.00	Director	$0	$0	$0
RON MEEKER	BOARD MEMBER	1.00	Director	$0	$0	$0
DARYL JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
WAYNE MUNDT	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE BENEDICT	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE OLSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE PECHOTA	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN VARLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN WORDEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0

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	$5,184,228	$2,919,561	$40,784,303	$2,264,667
2022	$4,334,811	$2,003,963	$32,932,668	$2,330,848
2021	$3,440,272	$1,841,165	$34,958,605	$1,599,107
2020	$3,926,287	$1,908,237	$29,512,903	$2,018,050
2019	$2,103,249	$1,947,318	$25,608,815	$155,931
2018	$1,679,580	$1,859,554	$23,088,535	$-179,974

BLACK HILLS STATE UNIVERSITY FOUNDATION