SOUTH DAKOTA ASSOCIATION OF HEALTHCARE ORGANIZATIONS HEALTHCARE RESEARCH EDUC (EIN 371835290) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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

Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

TIMOTHY RAVE

Phone

6053612281

Tax Period

2024-01-01 to 2024-12-31

SOUTH DAKOTA ASSOCIATION OF HEALTHCARE ORGANIZATIONS HEALTHCARE RESEARCH EDUC, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $537K in total revenue in fiscal year 2018. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $201K, a strong 37% operating margin.

Mission

HEALTHCARE EDUCATION AND OTHER SERVICES FOR PROVIDERS.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $783,633

Program Service Revenue $417,128

Investment Income $20,327

Other Revenue $0

TOTAL REVENUE $1,221,088

Expense Breakdown

Grants Paid $127,916

Salaries & Benefits $541,072

Fundraising Expenses $0

Program Expenses $747,879

Other Expenses $281,756

TOTAL EXPENSES $950,744

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,221,088	$842,519	+0.4%
Expenses	$950,744	$788,852	+0.2%
Net Income	$270,344	$53,667	+4.0%

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

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

$516,452

Total Directors

$516,452

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY RAVE	PRESIDENT/CEO	1.00	Officer Director	$0	$70,632	$516,452
PAULETTE DAVIDSON	DIRECTOR	0.10	Director	$0	$0	$0
NICK FOSNESS	DIRECTOR - JOINED 9/2024	0.10	Director	$0	$0	$0
JASON MERKLEY	DIRECTOR - LEFT 9/2024	0.10	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	$1,221,088	$950,744	$1,112,321	$270,344
2023	$842,519	$788,852	$907,716	$53,667
2022	$789,926	$655,597	$895,372	$134,329
2021	$762,193	$689,679	$589,231	$72,514
2020	$2,193,981	$2,292,825	$484,759	$-98,844
2019	$833,854	$690,606	$552,363	$143,248
2018	$537,498	$336,452	$346,068	$201,046

SOUTH DAKOTA ASSOCIATION OF HEALTHCARE ORGANIZATIONS HEALTHCARE RESEARCH EDUC