ELEVATE RAPID CITY (EIN 460118545) - 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

1885

Legal Domicile

Principal Officer

TOM JOHNSON

Phone

6053431744

Tax Period

2023-01-01 to 2023-12-31

RAPID CITY AREA CHAMBER OF COMMERCE, founded in 1885, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2017. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $964K left a modest 5% surplus.

Mission

ELEVATE THE RAPID CITY REGION FOR ALL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $14,888,095

Program Service Revenue $805,181

Investment Income $248,174

Other Revenue $2,433

TOTAL REVENUE $15,943,883

Expense Breakdown

Grants Paid $452,267

Salaries & Benefits $1,751,175

Fundraising Expenses $0

Other Expenses $1,827,506

TOTAL EXPENSES $4,030,948

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,943,883	$11,929,341	+0.3%
Expenses	$4,030,948	$2,711,260	+0.5%
Net Income	$11,912,935	$9,218,081	+0.3%

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

$302,781

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAULETTE DAVIDSON	CHAIR	1.00	Officer Director	$0	$0	$0
TOM WEAVER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARNE JONES	TREASURER	1.00	Officer Director	$0	$0	$0
TODD KENNER	SECRETARY	1.00	Officer Director	$0	$0	$0
DARREN HAAR	PAST CHAIR	1.00	Director	$0	$0	$0
ALAN SOLANO	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
ANDY BARTLING	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
BRAD HEARST	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
BRANDON LANCE	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
DICK JOHNSON	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
GREG LOOS	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
HANI SHAFAI	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
JANA MCCRODEN	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
MAYOR JASON SALAMUN	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
PETE LIEN	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
ZANE BRINK	EXECUTIVE COMMITTEE	1.00	Director	$0	$0	$0
AL RIEMAN	DIRECTOR	1.00	Director	$0	$0	$0
BRAD MURDOC JURGENSEN	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS AANENSON	DIRECTOR	1.00	Director	$0	$0	$0
DEW BAD WARRIOR-GANGE	DIRECTOR	1.00	Director	$0	$0	$0
DOMICO RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
JACK LYNASS	DIRECTOR	1.00	Director	$0	$0	$0
JAKE QUASNEY	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER BALOUN	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER TRUCANO	DIRECTOR	1.00	Director	$0	$0	$0
JERRY SCHMIDT	DIRECTOR	1.00	Director	$0	$0	$0
JODI ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
JODY BENDER	DIRECTOR	1.00	Director	$0	$0	$0
KELSEY STINE	DIRECTOR	1.00	Director	$0	$0	$0
LIZ HAMBURG	DIRECTOR	1.00	Director	$0	$0	$0
SARAH WHITE	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT BARBOUR	DIRECTOR	1.00	Director	$0	$0	$0
SHON ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE ARRIGO	DIRECTOR	1.00	Director	$0	$0	$0
STEVE MENTELE	DIRECTOR	1.00	Director	$0	$0	$0
TODD GAGNE	DIRECTOR	1.00	Director	$0	$0	$0
TODD CHRISTOFFER	DIRECTOR	1.00	Director	$0	$0	$0
DR ANN BOLMAN	EX-OFFICIO	1.00	Director	$0	$0	$0
FRAN WHITE	EX-OFFICIO	1.00	Director	$0	$0	$0
DR JIM RANKIN	EX-OFFICIO	1.00	Director	$0	$0	$0
DR LAURIE NICHOLS	EX-OFFICIO	1.00	Director	$0	$0	$0
SCOTT LANDGUTH	EX-OFFICIO	1.00	Director	$0	$0	$0
GARY DREWES	EX-OFFICIO	1.00	Director	$0	$0	$0
LLOYD LACROIX	EX-OFFICIO	1.00	Director	$0	$0	$0
NICOLE SWIGART	EX-OFFICIO	1.00	Director	$0	$0	$0
KEVIN MAHER	EX-OFFICIO	1.00	Director	$0	$0	$0
LANCE LEHMANN	EX-OFFICIO	1.00	Director	$0	$0	$0
STACEY DENKE	EX-OFFICIO	1.00	Director	$0	$0	$0
TOM JOHNSON	PRESIDENT/CEO	39.00	Officer	$265,574	$37,207	$302,781

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	No data	No data	No data	No data
2023	$15,943,883	$4,030,948	$33,104,307	$11,912,935
2022	$11,929,341	$2,711,260	$18,402,928	$9,218,081
2021	$1,325,047	$2,257,274	$9,523,060	$-932,227
2020	$1,666,013	$2,128,339	$9,757,873	$-462,326
2018	$1,010,547	$963,858	$382,046	$46,689

ELEVATE RAPID CITY