South Eastern Development Foundation

EIN: 300017659 501(c)(3) Community Improvement

Sioux Falls, SD

Total Revenue
$2,441,148
Total Expenses
$1,339,293
Total Assets
$24,947,970
Net Assets
$17,014,689
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
SD
Phone
6056818172
Tax Period
2023-01-01 to 2023-12-31

South Eastern Development Foundation, founded in 2002, is a community nonprofit in the Community Improvement sector that reported $2.4M in total revenue in fiscal year 2023. The organization ran a surplus of $1.1M, a strong 45% operating margin.

Mission

Strengthening communities and stimulating economic development through small business lending and affordable housing initiatives

Program Service Accomplishments

Program 1
Expenses: $749,875 Revenue: $15,009

Housing Financing and development provides affordable housing opportunities to low and moderate income families in the region

Program 2
Expenses: $364,420 Revenue: $611,980

The revolving loan fund program is used for community and economic development

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,223,507
Program Service Revenue $626,989
Investment Income $200,952
Other Revenue $389,700
TOTAL REVENUE $2,441,148

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,114,295
Other Expenses $1,339,293
TOTAL EXPENSES $1,339,293

Year-over-Year Comparison

2023 2022 Change
Revenue $2,441,148 $2,283,474 +0.1%
Expenses $1,339,293 $1,682,186 -0.2%
Net Income $1,101,855 $601,288 +0.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

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
4
$273,094
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lynne Keller Forbes President & CEO 0.00
Officer
$0 $0 $273,094
Bryan Hakeman Sec/Treasurer 1.00
Officer Director
$0 $0 $0
Dave Kroll Director 1.00
Director
$0 $0 $0
Keith Thompson President 1.00
Officer Director
$0 $0 $0
Marcus Mahlen Director 1.00
Director
$0 $0 $0
Paul Tschetter Vice 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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $2,441,148 $1,339,293 $24,947,970 $1,101,855
2022 $2,283,474 $1,682,186 $24,350,376 $601,288
2021 $4,520,935 $737,367 $22,464,210 $3,783,568
2020 $4,190,397 $365,242 $17,415,403 $3,825,155
2019 $623,583 $668,147 $12,990,834 $-44,564
2018 $1,819,104 $678,659 $12,397,266 $1,140,445
Explore More Nonprofits
→Top 100 Nonprofits in South Dakota →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare South Eastern Development Foundation with other nonprofits in South Dakota and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.