BLACK HILLS AREA COMMUNITY FOUNDATION (EIN 363608635) - 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

1987

Legal Domicile

Principal Officer

CHRIS HUBER

Phone

6057180112

Tax Period

2024-01-01 to 2024-12-31

BLACK HILLS AREA COMMUNITY FOUNDATION, founded in 1987, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $7.7M in total revenue in fiscal year 2018. Revenue surged 93% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.0M, a strong 65% operating margin.

Mission

EDUCATIONAL, SCIENTIFIC, LITERARY AND CHARITABLE SUPPORT IN BROAD AREAS INCLUDING DEVELOPMENT OF BOTH QUALITY AND QUANTITY OF ECONOMIC GROWTH IN THE RAPID CITY AND BLACK HILLS AREA

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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 (2024)

Revenue Breakdown

Contributions & Grants $12,152,019

Program Service Revenue $0

Investment Income $1,694,212

Other Revenue $19,451

TOTAL REVENUE $13,865,682

Expense Breakdown

Grants Paid $4,349,072

Salaries & Benefits $791,188

Fundraising Expenses $76,103

Program Expenses $9,525,345

Other Expenses $4,717,501

TOTAL EXPENSES $9,857,761

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,865,682	$7,342,365	+0.9%
Expenses	$9,857,761	$7,308,625	+0.3%
Net Income	$4,007,921	$33,740	+117.8%

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

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

$139,650

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS HUBER	CEO	50.00	Officer	$133,000	$6,650	$139,650
TERRY HERMANN	CHAIR	1.00	Officer Director	$0	$0	$0
ELIZABETH ZIEGLMEIER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KELLY BUNTROCK	TREASURER	1.00	Officer Director	$0	$0	$0
STEVE FLANERY	SECRETARY	1.00	Officer Director	$0	$0	$0
STEVE HELMERS	PAST CHAIR	N/A	Officer Director	$0	$0	$0
URLA MARCUS	DIRECTOR	1.00	Director	$0	$0	$0
RC SCULL	DIRECTOR	1.00	Director	$0	$0	$0
WILLIE HUSTEAD	DIRECTOR	1.00	Director	$0	$0	$0
BRAD BENHAM	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH LUX	DIRECTOR	1.00	Director	$0	$0	$0
KASSIE MCKIE SHIFFERMILLER	DIRECTOR	1.00	Director	$0	$0	$0
DR ROGER KNUTSEN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE TENNYSON	DIRECTOR	1.00	Director	$0	$0	$0
PRISCILLA ROMKEMA PHD	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD WAHLSTROM	DIRECTOR	1.00	Director	$0	$0	$0
MARIE HIGH BEAR	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN DIBONA	DIRECTOR	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	$13,865,682	$9,857,761	$66,897,711	$4,007,921
2023	$7,342,365	$7,308,625	$56,009,000	$33,740
2022	$16,934,227	$5,280,754	$53,430,728	$11,653,473
2021	$12,495,187	$3,514,227	$46,752,001	$8,980,960
2020	$5,931,973	$4,960,475	$30,518,251	$971,498
2019	$10,020,946	$7,373,142	$30,050,433	$2,647,804
2018	$7,705,884	$2,719,954	$25,739,170	$4,985,930

BLACK HILLS AREA COMMUNITY FOUNDATION