SOUTH DAKOTA BIOTECHNOLOGY ASSOCIATION

EIN: 371518658 Community Improvement

SIOUX FALLS, SD

Total Revenue
$392,407
Total Expenses
$416,036
Total Assets
$154,139
Net Assets
$150,263
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
SD
Principal Officer
JONI EKSTRUM
Phone
6052743714
Tax Period
2025-01-01 to 2025-12-31

SOUTH DAKOTA BIOTECHNOLOGY ASSOCIATION, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $392K in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

A SOUTH DAKOTA ALLIANCE DEDICATED TO THE DEVELOPMENT OF BIOTECHNOLOGY INDUSTRIES THROUGH EXPANSION OF BIO-BASED RESEARCH, INVESTMENT, EDUCATION, ADVOCACY, FUNDING, EDUCATION, INFRASTRUCTURE DEVELOPMENT, AND PROMOTION.

Program Service Accomplishments

Program 1

THE ASSOCIATION PROVIDED LEADERSHIP AND VISION WITH A VOICE IN STATE AND NATIONAL FORUMS THROUGH QUARTERLY INDUSTRY UPDATES. THE ANNUAL BIOTECH SUMMIT AND ANNUAL MEETING IS HELD IN THE FALL TO...

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THE ASSOCIATION PROVIDED LEADERSHIP AND VISION WITH A VOICE IN STATE AND NATIONAL FORUMS THROUGH QUARTERLY INDUSTRY UPDATES. THE ANNUAL BIOTECH SUMMIT AND ANNUAL MEETING IS HELD IN THE FALL TO PROVIDE A VENUE FOR PROFESSIONALS TO GATHER, NETWORK, AND LEARN ABOUT ENERGING TECHNOLOGIES IN THE BIOTECH INDUSTRY. BIOTECH INDUSTRY PROFESSIONALS, STUDENTS, FACULTY, VENDORS AND VENTURE CAPITALISTS ATTEND THE SUMMIT.

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Trantor Score

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

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

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $169,676
Program Service Revenue $222,141
Investment Income $590
Other Revenue $0
TOTAL REVENUE $392,407

Expense Breakdown

Grants Paid $0
Salaries & Benefits $193,421
Fundraising Expenses $0
Other Expenses $222,615
TOTAL EXPENSES $416,036

Year-over-Year Comparison

2025 2024 Change
Revenue $392,407 $352,301 +0.1%
Expenses $416,036 $435,904 0.0%
Net Income $-23,629 $-83,603 -0.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
2
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
5
$149,050
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK STOWERS PRESIDENT 1.00
Officer Director
$0 $0 $0
JEFF HEIKES VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
TOM JOHNSON TREASURER 1.00
Officer Director
$0 $0 $0
KELLY HERRMANN SECRETARY 1.00
Officer Director
$0 $0 $0
LAURIE ANDERSON DIRECTOR 1.00
Director
$0 $0 $0
CHRISTOPH BAUSCH DIRECTOR 1.00
Director
$0 $0 $0
ASHLEY PODHRADSKY DIRECTOR 1.00
Director
$0 $0 $0
KATIE POHLSON DIRECTOR 1.00
Director
$0 $0 $0
JAMISON ROUNDS DIRECTOR 1.00
Director
$0 $0 $0
DANIEL ENGEBRETSON DIRECTOR 1.00
Director
$0 $0 $0
SUE LANCASTER DIRECTOR 1.00
Director
$0 $0 $0
DANIEL SCHOLL DIRECTOR 1.00
Director
$0 $0 $0
NATHAN SCHOCK DIRECTOR 1.00
Director
$0 $0 $0
BOBBIE TIBBETTS DIRECTOR 1.00
Director
$0 $0 $0
MEL USTAD DIRECTOR 1.00
Director
$0 $0 $0
EDDIE SULLIVAN DIRECTOR 2.00
Director
$0 $0 $0
JONI JOHNSON DIRECTOR 40.00
Officer
$149,050 $0 $149,050
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 $392,407 $416,036 $154,139 $-23,629
2024 $352,301 $435,904 $206,200 $-83,603
2023 $347,822 $370,035 $277,331 $-22,213
2022 $247,325 $329,496 $312,459 $-82,171
2021 $345,233 $211,804 $345,618 $133,429
2020 $217,906 $171,756 $206,397 $46,150
2019 $262,035 $214,760 $157,734 $47,275
2018 $283,425 $168,741 $160,208 $114,684
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