BLACK HILLS COMMUNITY LOAN FUND INC (EIN 262504959) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

BLACK HILLS COMMUNITY LOAN FUND INC, founded in 2007, is a micro nonprofit in the Community Improvement sector that reported $37K in total revenue in fiscal year 2018. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $157K exceeded revenue, resulting in a 319% operating deficit.

Mission

TO CREATE FINANCIAL OPPORTUNITIES FOR PEOPLE WHO ARE NOT BEING ECONOMICALLY SERVED BY TYPICAL LENDING INSTITUTIONS IN RAPID CITY, SOUTH DAKOTA AND SURROUNDING COMMUNITIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,145,999

Program Service Revenue $0

Investment Income $4,962

Other Revenue $6,912

TOTAL REVENUE $1,157,873

Expense Breakdown

Grants Paid $0

Salaries & Benefits $662,249

Fundraising Expenses $0

Program Expenses $839,075

Other Expenses $436,216

TOTAL EXPENSES $1,098,465

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,157,873	$462,443	+1.5%
Expenses	$1,098,465	$769,514	+0.4%
Net Income	$59,408	$-307,071	-1.2%

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

Total Directors

Key Employees

$120,959

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Barbara Schmitt	EXECUTIVE DIRECTOR	40.00	Key Emp	$120,959	$0	$120,959
Yolanda Garcia	Director	1.00	Director	$0	$0	$0
Karissa Loewen	Director	1.00	Director	$0	$0	$0
Ramona Harrington	Director	1.00	Director	$0	$0	$0
Bonnie LeBeau	Secretary	1.00	Officer Director	$0	$0	$0
Cassandra Palmier	Treasurer	1.00	Officer Director	$0	$0	$0
Tanya Fiddler	President	1.00	Officer 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	$1,157,873	$1,098,465	$1,516,339	$59,408
2022	$808,910	$745,587	$907,219	$63,323
2021	$290,601	$316,199	$852,671	$-25,598
2020	$672,857	$219,607	$870,354	$453,250
2019	$256,619	$251,291	$370,070	$5,328
2018	$37,470	$157,076	$359,630	$-119,606

BLACK HILLS COMMUNITY LOAN FUND INC