DOWNTOWN SIOUX FALLS INC (EIN 363627217) - 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

1988

Legal Domicile

Principal Officer

T JOSEPH BATCHELLER

Phone

6053384009

Tax Period

2023-01-01 to 2023-12-31

DOWNTOWN SIOUX FALLS INC, founded in 1988, is a small nonprofit that reported $785K in total revenue in fiscal year 2018. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $872K exceeded revenue, resulting in a 11% operating deficit.

Mission

DOWNTOWN SIOUX FALLS, INC. (DTSF) ENSURES DOWNTOWN IS A PLACE FOR EVERYONE, EVERY DAY. DTSF BOLDLY LEADS THE DOWNTOWN COMMUNITY BY CHAMPIONING DIVERSE EXPERIENCES, ECONOMIC GROWTH, AND A HEALTHY ENVIRONMENT.

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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 $262,014

Program Service Revenue $782,691

Investment Income $14,771

Other Revenue $0

TOTAL REVENUE $1,059,476

Expense Breakdown

Grants Paid $4,332

Salaries & Benefits $388,019

Fundraising Expenses $67,302

Program Expenses $768,655

Other Expenses $652,667

TOTAL EXPENSES $1,045,018

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,059,476	$909,771	+0.2%
Expenses	$1,045,018	$960,841	+0.1%
Net Income	$14,458	$-51,070	-1.3%

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

$103,585

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
T JOSEPH BATCHELLER	PRESIDENT	40.00	Officer	$93,579	$10,006	$103,585
VANEY HARIRI	VICE CHAIR/CHAIR (BEG APR 2023)	1.00	Officer Director	$0	$0	$0
ERIK GAIKOWSKI	TREASURER/VICE CHAIR (BEG APR 2023)	1.00	Officer Director	$0	$0	$0
ADDIE GRAHAM-KRAMER	SECRETARY/TREASURER (BEG APR 2023)	1.00	Officer Director	$0	$0	$0
VERNON BROWN	DIRECTOR/SECRETARY (BEG APR 2023)	1.00	Officer Director	$0	$0	$0
ANITA WETSCH	CHAIR/PAST CHAIR (BEG APR 2023)	1.00	Officer Director	$0	$0	$0
DEREK OHME	PAST CHAIR (UNTIL APR 2023)	1.00	Officer Director	$0	$0	$0
LUKE JESSEN	DIRECTOR (BEG MAR 2023)	1.00	Director	$0	$0	$0
KYLE RAPH	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA BETHKE	DIRECTOR	1.00	Director	$0	$0	$0
GREG KOCH	DIRECTOR	1.00	Director	$0	$0	$0
IVY OLAND	DIRECTOR (BEG MAR 2023)	1.00	Director	$0	$0	$0
PAIGE PEARSON MEYER	DIRECTOR (BEG APR 2023)	1.00	Director	$0	$0	$0
TANEEZA ISLAM	DIRECTOR (BEG APR 2023)	1.00	Director	$0	$0	$0
KALEN BIORD	DIRECTOR	1.00	Director	$0	$0	$0
MITCH JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
MICKI LUNDIN	DIRECTOR	1.00	Director	$0	$0	$0
TERRI SCHUVER	DIRECTOR (UNTIL JAN 2023)	1.00	Director	$0	$0	$0
ANN METLI	DIRECTOR (UNTIL JAN 2023)	1.00	Director	$0	$0	$0
JAKE QUASNEY	DIRECTOR (UNTIL MAR 2023)	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	$1,059,476	$1,045,018	$1,449,666	$14,458
2022	$909,771	$960,841	$1,268,781	$-51,070
2021	$943,014	$966,242	$1,313,562	$-23,228
2020	$834,798	$813,160	$1,297,403	$21,638
2019	$854,870	$842,118	$1,158,239	$12,752
2018	$784,566	$872,167	$1,087,235	$-87,601

DOWNTOWN SIOUX FALLS INC