SOUTH DAKOTA CHAMBER OF COMMERCE & INDUSTRY

EIN: 460141180

PIERRE, SD

Total Revenue
$510,075
Total Expenses
$520,499
Total Assets
$183,719
Net Assets
$-44,897
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1937
Legal Domicile
SD
Principal Officer
DAVID OWEN
Phone
8007428112
Tax Period
2023-01-01 to 2023-12-31

SOUTH DAKOTA CHAMBER OF COMMERCE & INDUSTRY, founded in 1937, is a small nonprofit that reported $510K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

THE SOUTH DAKOTA CHAMBER OF COMMERCE AND INDUSTRY WILL PROVIDE LEADERSHIP TO ENSURE A VIGOROUS AND PROSPEROUS BUSINESS CLIMATE FOR THE BENEFITS OF ALL SOUTH DAKOTANS.

Program Service Accomplishments

Program 1

THE GOVERNOR'S GIANT VISION COMPETITION IS DESIGNED TO ENCOURAGE AND DEVELOP THE ENTREPRENEURIAL SPIRIT IN SOUTH DAKOTA. SOUTH DAKOTA RESIDENTS AND FULLTIME STUDENTS OF SOUTH DAKOTA COLLEGES...

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THE GOVERNOR'S GIANT VISION COMPETITION IS DESIGNED TO ENCOURAGE AND DEVELOP THE ENTREPRENEURIAL SPIRIT IN SOUTH DAKOTA. SOUTH DAKOTA RESIDENTS AND FULLTIME STUDENTS OF SOUTH DAKOTA COLLEGES, UNIVERSITIES AND TECHNICAL SCHOOLS APPLY TO THE PROGRAM BY SUBMITTING COMPLETE BUSINESS PLANS AND SUPPORTING DOCUMENTS. ALL ENTRANTS ARE JUDGED BY AN INITIAL PANEL OF EXPERIENCED INDIVIDUALS. THE SELECTED FINALISTS GO ON TO COMPETE DURING AN EVENT THAT INCLUDES FORMAL PRESENTATIONS BY THE STUDENT COMPETITORS AND THOSE IN THE OPEN, OR BUSINESS, COMPETITION TO THEIR RESPECTIVE PANEL OF JUDGES. WINNERS IN EACH ARE SELECTED AND ANNOUNCED DURING THE AWARDS PROGRAM. CASH PRIZES ARE AWARDED.

Program 2

LEGISLATIVE ADVOCACY AND RESEARCH - THE CHAMBER FUNCTIONS AS AN ADVOCATE FOR OUR MEMBERS AND FOR ALL BUSINESSES IN SOUTH DAKOTA. THIS ADVOCACY IS DONE IN THE LEGISLATURE, BEFORE STATE AGENCIES, AND...

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LEGISLATIVE ADVOCACY AND RESEARCH - THE CHAMBER FUNCTIONS AS AN ADVOCATE FOR OUR MEMBERS AND FOR ALL BUSINESSES IN SOUTH DAKOTA. THIS ADVOCACY IS DONE IN THE LEGISLATURE, BEFORE STATE AGENCIES, AND DIRECTLY WITH THE PUBLIC IN THE FORM OF INITIATIVE CAMPAIGNS. EACH YEAR, THE SOUTH DAKOTA CHAMBER MONITORS LEGISLATION FOR BILLS THAT POSE A THREAT TO OUR MEMBERS AND TO THE OVERALL BUSINESS CLIMATE OF THE STATE. WE ARE PRESENT EVERY DAY TO LOBBY FOR OUR MEMBERS. WHEN IMPORTANT ISSUES ARE DISCUSSED AT THE DEPARTMENT LEVEL, THE CHAMBER IS AT THE TABLE, BRINGING A RESPECTED VOICE TO THE CONVERSATIONS. EACH WEEK DURING THE LEGISLATIVE SESSION MEMBERS HAVE THE OPPORTUNITY TO PARTICIPATE IN ONLINE LEGISLATIVE BRIEFINGS AND RECEIVE REGULAR ISSUES OF A NEWSLETTER TITLED "CAPITOL-ISM" WHICH GIVES ANALYSIS OF KEY ISSUES IN A WAY THAT MEMBERS CAN APPLY TO THEIR BUSINESS OR UPDATES AS KEY BILLS MOVE THROUGH THE PROCESS.

Program 3

BUSINESS DAY PROVIDES AN OPPORTUNITY FOR ATTENDEES TO GATHER IN PIERRE AND LEARN ABOUT CURRENT LEGISLATIVE ISSUES BEING DEBATED AND HEAR FROM LEADING SPEAKERS. ATTENDEES VOTE THEIR OPINIONS ON...

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BUSINESS DAY PROVIDES AN OPPORTUNITY FOR ATTENDEES TO GATHER IN PIERRE AND LEARN ABOUT CURRENT LEGISLATIVE ISSUES BEING DEBATED AND HEAR FROM LEADING SPEAKERS. ATTENDEES VOTE THEIR OPINIONS ON LEGISLATIVE ISSUES DURING THE ANNUAL BUSINESS CAUCUS VIA TEXT MESSAGES, WITH THE RESULTS BEING TABULATED AND DISPLAYED. THE RESULTS, REPRESENTING DIVERSE DEMOGRAPHICS, ARE DELIVERED TO STATE LEGISLATORS THE NEXT DAY.

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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 $320,201
Program Service Revenue $180,547
Investment Income $872
Other Revenue $8,455
TOTAL REVENUE $510,075

Expense Breakdown

Grants Paid $60,000
Salaries & Benefits $283,522
Fundraising Expenses $0
Other Expenses $176,977
TOTAL EXPENSES $520,499

Year-over-Year Comparison

2023 2022 Change
Revenue $510,075 $463,936 +0.1%
Expenses $520,499 $481,321 +0.1%
Net Income $-10,424 $-17,385 -0.4%
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
19
Independent Members
18
Employees
3
Volunteers
48

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
2
$155,842
Total Directors
19
$155,842
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID OWEN PRESIDENT 50.00
Officer Director
$134,983 $20,859 $155,842
SHEILA ANDERSON BOARD CHAIR 5.00
Officer Director
$0 $0 $0
MICHAEL BENDER DIRECTOR 5.00
Director
$0 $0 $0
PAUL BRUFLAT DIRECTOR 5.00
Director
$0 $0 $0
DAVID CHICOINE DIRECTOR 5.00
Director
$0 $0 $0
ZACH CLARK DIRECTOR 5.00
Director
$0 $0 $0
PAULETTE DAVIDSON DIRECTOR 5.00
Director
$0 $0 $0
DAVID FLICEK DIRECTOR 5.00
Director
$0 $0 $0
PAUL HANSON DIRECTOR 5.00
Director
$0 $0 $0
TODD JACOBS DIRECTOR 5.00
Director
$0 $0 $0
JAFAR KARIM DIRECTOR 5.00
Director
$0 $0 $0
TODD KENNER DIRECTOR 5.00
Director
$0 $0 $0
SCOTT LAWRENCE DIRECTOR 5.00
Director
$0 $0 $0
MARI OSSENFORT DIRECTOR 5.00
Director
$0 $0 $0
DAVE ROZENBOOM DIRECTOR 5.00
Director
$0 $0 $0
BRIAN SANDVIG IMMEDIATE PA 5.00
Director
$0 $0 $0
JOSHUA SHIELDS DIRECTOR 5.00
Director
$0 $0 $0
LINDA LEA VIKEN DIRECTOR 5.00
Director
$0 $0 $0
GLENNIS ZARECKY DIRECTOR 5.00
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 No data No data No data No data
2023 $510,075 $520,499 $183,719 $-10,424
2022 $463,936 $481,321 $165,082 $-17,385
2021 $482,338 $456,224 $168,513 $26,114
2020 $739,168 $744,712 $136,302 $-5,544
2019 $475,987 $479,893 $156,550 $-3,906
2018 $734,374 $753,995 $162,783 $-19,621
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