SOUTH DAKOTA SPECIALTY PRODUCERS A… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

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

2001

Legal Domicile

Phone

6056816793

Tax Period

2024-01-01 to 2024-12-31

SOUTH DAKOTA SPECIALTY PRODUCERS ASSOCIATION, founded in 2001, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $522K in total revenue in fiscal year 2024. Revenue surged 243% from the prior year, signaling strong growth momentum. The organization ran a surplus of $107K, a strong 20% operating margin.

Mission

South Dakota Specialty Producers Association (SDSPA) provides education, promotion and connections for specialty foods and products.

Program Service Accomplishments

Program 1

Expenses: $415,314 Revenue: $522,021

In addition to promoting its members products, SDSPA works to support its members in the following ways:Developing cooperative marketing opportunities.Serving as a venue for networking and...

In addition to promoting its members products, SDSPA works to support its members in the following ways:Developing cooperative marketing opportunities.Serving as a venue for networking and information gathering.Marketing agritourism.Promoting South Dakota product identity.Offering educational programs.Supporting research.Working with legislators and policy makers on legislation and issues beneficial to specialty crop growers.Partnering with governmental agencies and other organizations on common goals.Membership

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $522,021

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $522,021

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $415,314

Other Expenses $415,314

TOTAL EXPENSES $415,314

Year-over-Year Comparison

	2024	2023	Change
Revenue	$522,021	$152,294	+2.4%
Expenses	$415,314	$164,311	+1.5%
Net Income	$106,707	$-12,017	-9.9%

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

N/A

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
CHERI RATH	President	1.00	Director	$0	$0	$0
JEWEL BORK	Treasurer	1.00	Director	$0	$0	$0
MICHAEL GUBBLES	Secretary	1.00	Director	$0	$0	$0
GREG JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTY KERR	BOARD MEMBER	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	$522,021	$415,314	$104,716	$106,707

SOUTH DAKOTA SPECIALTY PRODUCERS ASSOCIATION