SOUTH DAKOTA SHERIFFS ASSOCIATION (EIN 411883269) - 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

1997

Legal Domicile

Principal Officer

DOUG SOLEM

Phone

6059406554

Tax Period

2024-01-01 to 2024-12-31

SOUTH DAKOTA SHERIFFS ASSOCIATION, founded in 1997, is a small nonprofit in the Recreation & Sports sector that reported $251K in total revenue in fiscal year 2018. Revenue decreased 9% compared to the prior year. Expenses of $239K left a modest 5% surplus.

Mission

THR PURPOSE OF THE ORGANIZATION SHALL BE TO SEEK BETTER COOPERATION BETWEEN THE SHERIFF AND THEIR DEPUTIES, STATE'S ATTORNEYS, CHIEFS OF POLICE AND THEIR OFFICERS, THE ATTORNEY GENERAL AND HIS AGENTS, THE DIVISION OF HIGHWAY PATROL AND ALL OTHER OFFICERS OF THE STATE OF SOUTH DAKOTA, AND TO ACT IN THE INTEREST OF AND FOR THE BENEFIT OF THESE PEACE OFFICERS AND THEIR TAXPAYERS FOR THE STATE OF SOUTH DAKOTA. TO PROVIDE TRAINING AND INTERCHANGE OPPORTUNITIES FOR LAW ENFORCEMENT OFFICERS.

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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 $227,231

Program Service Revenue $100,506

Investment Income $0

Other Revenue $0

TOTAL REVENUE $327,737

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,254

Fundraising Expenses $0

Program Expenses $301,894

Other Expenses $222,640

TOTAL EXPENSES $301,894

Year-over-Year Comparison

	2024	2023	Change
Revenue	$327,737	$374,733	-0.1%
Expenses	$301,894	$346,463	-0.1%
Net Income	$25,843	$28,270	-0.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRED LAMPHERE	PAST PRESIDE	N/A	Director	$0	$0	$0
DAVE ACKERMAN	2ND VICE PRE	N/A	Officer	$0	$0	$0
CORY BORG	SECRETARY/TR	N/A	Officer	$0	$0	$0
DOUG SOLEM	VICE PRESIDE	N/A	Officer	$0	$0	$0
JASON WEBER	PRESIDENT	N/A	Officer	$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
2025	No data	No data	No data	No data
2024	$327,737	$301,894	$208,067	$25,843
2023	$374,733	$346,463	$199,124	$28,270
2022	$310,362	$326,801	$190,543	$-16,439
2021	$370,919	$338,922	$230,219	$31,997
2020	$304,059	$250,012	$132,016	$54,047
2019	$324,317	$273,727	$78,106	$50,590
2018	$250,592	$238,526	$89,613	$12,066

SOUTH DAKOTA SHERIFFS ASSOCIATION