SOUTH DAKOTA BIOTECHNOLOGY ASSOCIATION (EIN 371518658) - 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

2005

Legal Domicile

Principal Officer

JONI EKSTRUM

Phone

6052743714

Tax Period

2024-01-01 to 2024-12-31

SOUTH DAKOTA BIOTECHNOLOGY ASSOCIATION, founded in 2005, is a small nonprofit in the Community Improvement sector that reported $283K in total revenue in fiscal year 2018. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $115K, a strong 40% operating margin.

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.

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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 $161,636

Program Service Revenue $187,518

Investment Income $3,147

Other Revenue $0

TOTAL REVENUE $352,301

Expense Breakdown

Grants Paid $0

Salaries & Benefits $191,636

Fundraising Expenses $0

Other Expenses $244,268

TOTAL EXPENSES $435,904

Year-over-Year Comparison

	2024	2023	Change
Revenue	$352,301	$347,822	+0.0%
Expenses	$435,904	$370,035	+0.2%
Net Income	$-83,603	$-22,213	+2.8%

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

$140,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDDIE SULLIVAN	ADVISOR	2.00	Director	$0	$0	$0
MARK STOWERS	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFF HEIKES	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
THOMAS JOHNSON	TREASURER	1.00	Officer Director	$0	$0	$0
KELLY HERRMANN	SECRETARY	1.00	Officer Director	$0	$0	$0
MEL USTAD	PAST PRESIDENT	1.00	Director	$0	$0	$0
DANIEL SCHOLL	DIRECTOR	1.00	Director	$0	$0	$0
SUE LANCASTER	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPH BAUSCH	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL ENGEBRETSON	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY PODHRADSKY	DIRECTOR	1.00	Director	$0	$0	$0
JAMISON ROUNDS	DIRECTOR	1.00	Director	$0	$0	$0
KATIE POHLSON	DIRECTOR	1.00	Director	$0	$0	$0
JONI JOHNSON	EXECUTIVE DIRECTOR	40.00	Officer	$120,500	$0	$140,000

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	$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

SOUTH DAKOTA BIOTECHNOLOGY ASSOCIATION