NORTH DAKOTA BANKERS ASSOCIATION

EIN: 450172930

BISMARCK, ND

Total Revenue
$1,867,461
Total Expenses
$1,908,097
Total Assets
$3,748,832
Net Assets
$2,967,617
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
ND
Principal Officer
RICK CLAYBURGH
Phone
7012235303
Tax Period
2023-08-01 to 2024-07-31

NORTH DAKOTA BANKERS ASSOCIATION, founded in 1988, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

EXTRAORDINARY LEADERSHIP FOR NORTH DAKOTA BANKS

Program Service Accomplishments

Program 1

PROVIDE EDUCATION TO MEMBERS AND PROMOTE THE BANKING INDUSTRY TO THE PUBLIC THROUGH CONFERENCES, SEMINARS AND MAILINGS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,468,996
Investment Income $70,811
Other Revenue $327,654
TOTAL REVENUE $1,867,461

Expense Breakdown

Grants Paid $0
Salaries & Benefits $947,229
Fundraising Expenses $0
Other Expenses $960,868
TOTAL EXPENSES $1,908,097

Year-over-Year Comparison

2023 2022 Change
Revenue $1,867,461 $1,543,383 +0.2%
Expenses $1,908,097 $1,595,424 +0.2%
Net Income $-40,636 $-52,041 -0.2%
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

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Governance

Voting Members
17
Independent Members
17
Employees
7
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
4
$310,055
Total Directors
18
$310,055
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENEEN AXTMAN CHAIR 2.00
Officer Director
$0 $0 $0
BERNIE SINNER CHAIR-ELECT 2.00
Officer Director
$0 $0 $0
JAMIE NELSON TREASURER 2.00
Officer Director
$0 $0 $0
PAT ARTZ DIRECTOR 2.00
Director
$0 $0 $0
PAIGE BJORNSON DIRECTOR 2.00
Director
$0 $0 $0
GREG GESS DIRECTOR 2.00
Director
$0 $0 $0
TORY HART DIRECTOR 2.00
Director
$0 $0 $0
SAVANNAH HENDRICKSON DIRECTOR 2.00
Director
$0 $0 $0
PETE JAHNER IMMEDIATE PAST CHAIR 2.00
Director
$0 $0 $0
LORI LEINGANG DIRECTOR 2.00
Director
$0 $0 $0
JEFF LEUTHOLD DIRECTOR 2.00
Director
$0 $0 $0
AMY MAZIGIAN DIRECTOR 2.00
Director
$0 $0 $0
TARA MCFADDEN DIRECTOR 2.00
Director
$0 $0 $0
DREW OLAFSON DIRECTOR 2.00
Director
$0 $0 $0
LADAWN SCHMITT DIRECTOR 2.00
Director
$0 $0 $0
KATHY TORSKE DIRECTOR 2.00
Director
$0 $0 $0
JOE WATZKE DIRECTOR 2.00
Director
$0 $0 $0
RICK CLAYBURGH PRESIDENT/CEO 32.00
Officer Director
$272,960 $37,095 $310,055
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 $1,867,461 $1,908,097 $3,748,832 $-40,636
2023 $1,543,383 $1,595,424 $3,797,853 $-52,041
2022 $1,718,847 $1,730,160 $3,870,374 $-11,313
2021 $1,428,988 $1,313,353 $3,839,147 $115,635
2020 $1,223,394 $1,336,141 $3,818,166 $-112,747
2020 $1,223,394 $1,336,141 $3,818,166 $-112,747
2019 $1,315,183 $1,435,347 $3,646,824 $-120,164
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