The Sioux Falls Ministry Center (EIN 264760861) - 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

2009

Legal Domicile

Phone

6052612587

Tax Period

2023-01-01 to 2023-12-31

The Sioux Falls Ministry Center, founded in 2009, is a small nonprofit in the Human Services sector that reported $906K in total revenue in fiscal year 2018. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $519K, a strong 57% operating margin.

Mission

The purpose of the Sioux Falls Ministry Center is to be a Christian organization providing a facility for ourtreach ministries. The purpose of the facility are to offer operational cost-savings, mutually-complementary services to guests, and encouragement and empowerment to each other as outreach ministries

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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 $354,364

Program Service Revenue $866,908

Investment Income $12,866

Other Revenue $22,134

TOTAL REVENUE $1,256,272

Expense Breakdown

Grants Paid $0

Salaries & Benefits $219,006

Fundraising Expenses $0

Program Expenses $1,163,449

Other Expenses $944,443

TOTAL EXPENSES $1,163,449

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,256,272	$1,501,477	-0.2%
Expenses	$1,163,449	$1,082,903	+0.1%
Net Income	$92,823	$418,574	-0.8%

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

$67,692

Total Directors

$67,692

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Richard Merkouris	President	40.00	Officer Director	$67,692	$0	$67,692
Karrie Schipper	Secretary	2.00	Officer Director	$0	$0	$0
Chad Hatch	Director	0.00	Director	$0	$0	$0
Mick Conlin	Director	0.00	Director	$0	$0	$0
Eric Yunag	Vice President	2.00	Officer Director	$0	$0	$0
James Krueger	Director	0.00	Director	$0	$0	$0
Nate Helling	Treasurer	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	$1,256,272	$1,163,449	$9,198,615	$92,823
2022	$1,501,477	$1,082,903	$9,291,090	$418,574
2021	$1,206,425	$1,140,676	$9,168,048	$65,749
2020	$1,448,232	$1,247,423	$12,777,647	$200,809
2019	$925,798	$993,048	$10,944,374	$-67,250
2018	$906,437	$387,540	$4,141,389	$518,897

The Sioux Falls Ministry Center