DAKOTA BUSINESS LENDING (EIN 450443523) - Form 990 Financial Analysis & Trantor Score

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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

1996

Legal Domicile

Principal Officer

STEVE M DUSEK

Phone

7012938892

Tax Period

2024-01-01 to 2024-12-31

DAKOTA BUSINESS LENDING, founded in 1996, is a community nonprofit in the Community Improvement sector that reported $2.6M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $3.3M exceeded revenue, resulting in a 25% operating deficit.

Mission

DAKOTA BUSINESS LENDING IS A SMALL BUSINESS RESOURCE THAT DRIVES ECONOMIC GROWTH BY:1. PROVIDING UNIQUE FINANCING OPPORTUNITIES2. POSITIVELY IMPACTING THE COMMUNITIES WE SERVE3. EDUCATING AND GUIDING SMALL BUSINESSES4. BUILDING PARTNERSHIPS THAT ADD VALUE AND CREATING AN ENVIRONMENT WHERE OUR TEAM MEMBERS THRIVE.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $228,389

Program Service Revenue $2,160,505

Investment Income $198,503

Other Revenue $36,995

TOTAL REVENUE $2,624,392

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,434,223

Fundraising Expenses $0

Program Expenses $2,576,055

Other Expenses $851,417

TOTAL EXPENSES $3,285,640

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,624,392	$3,485,431	-0.2%
Expenses	$3,285,640	$2,699,740	+0.2%
Net Income	$-661,248	$785,691	-1.8%

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

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

$309,070

Total Directors

$12,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT MARSHALL	DIRECTOR	1.00	Director	$0	$0	$0
JIM HAMBRICK	DIRECTOR	1.00	Director	$1,800	$0	$1,800
STEVE GEHRTZ	DIRECTOR	1.00	Director	$1,800	$0	$1,800
JASON HOPFAUF	DIRECTOR	1.00	Director	$1,550	$0	$1,550
TONYA HOLMSTROM	CHAIR	1.00	Officer Director	$1,800	$0	$1,800
JOHN PHILLIPS	DIRECTOR	1.00	Director	$1,800	$0	$1,800
COLE KENEY	VICE-CHAIR	1.00	Officer Director	$1,550	$0	$1,550
HEATHER RANCK	DIRECTOR	1.00	Director	$1,800	$0	$1,800
STEVE M DUSEK	PRESIDENT & CEO	40.00	Officer	$257,283	$48,437	$305,720
ANN PETERSON	VP/LOAN OPERATIONS	40.00	Highest	$138,316	$34,622	$172,938
ANNJANETTE MARTINS	SR. CREDIT MANAGER	40.00	Highest	$115,414	$16,136	$131,550
JASON GERDES	BUSINESS DEVELOPMENT/COMME	40.00	Highest	$104,311	$21,085	$125,396
ROXANNE PFLIIGER	SENIOR BUSINESS DEVELOPMENT/COMME	40.00	Highest	$116,082	$20,494	$136,576
JO BACK	BUSINESS DEVELOPMENT/COMME	40.00	Highest	$101,400	$24,400	$125,800

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	$2,624,392	$3,285,640	$8,880,946	$-661,248
2023	$3,485,431	$2,699,740	$8,778,536	$785,691
2022	$2,699,017	$2,141,843	$6,832,211	$557,174
2021	$2,297,592	$1,762,733	$6,874,323	$534,859
2020	$1,480,924	$1,551,455	$6,151,963	$-70,531
2019	$1,367,205	$1,666,028	$6,425,468	$-298,823
2018	$1,300,188	$1,433,404	$6,927,757	$-133,216

DAKOTA BUSINESS LENDING