SOUTH DAKOTA BANKERS ASSOCIATION (EIN 460191650) - 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

1971

Legal Domicile

Principal Officer

KARLTON ADAM

Phone

6052241653

Tax Period

2023-01-01 to 2023-12-31

SOUTH DAKOTA BANKERS ASSOCIATION, founded in 1971, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2018. Revenue decreased 18% compared to the prior year. Expenses of $1.2M left a modest 5% surplus.

Mission

PROMOTE WELFARE AND USEFULNESS OF BANKS AND FINANCIAL INSTITUIONS

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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 $0

Program Service Revenue $604,886

Investment Income $430,978

Other Revenue $824,077

TOTAL REVENUE $1,859,941

Expense Breakdown

Grants Paid $0

Salaries & Benefits $629,234

Fundraising Expenses $0

Other Expenses $775,148

TOTAL EXPENSES $1,404,382

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,859,941	$1,620,576	+0.1%
Expenses	$1,404,382	$1,160,440	+0.2%
Net Income	$455,559	$460,136	0.0%

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

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

$429,074

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARLTON ADAM	PRESIDENT	40.00	Officer	$261,000	$35,279	$296,279
DAVID BANGASSER	PAST CHAIR	1.00	Officer Director	$0	$0	$0
DAVID D NELSON	CHAIR	1.00	Officer Director	$0	$0	$0
PETE MEHLHAFF	VICE CHAIR	1.00	Director	$0	$0	$0
NATHAN FRANZEN	DIRECTOR	1.00	Director	$0	$0	$0
KEITH KNUPPE	DIRECTOR	1.00	Director	$0	$0	$0
DYLAN CLARKSON	CHAIR ELECT	1.00	Officer Director	$0	$0	$0
JOHN MCGRATH	DIRECTOR	1.00	Director	$0	$0	$0
PENNIE LUTZ	DIRECTOR	1.00	Director	$0	$0	$0
HALLEY LEE	ADM. V-PRES	40.00	Officer	$112,346	$20,449	$132,795
TERRY FITZKE	DIRECTOR	1.00	Director	$0	$0	$0
DUSTY PETERSEN	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE DOOLEY	DIRECTOR	1.00	Director	$0	$0	$0
TODD CHRISTOFFER	DIRECTOR	1.00	Director	$0	$0	$0
CAMERON BECKER	DIRECTOR	1.00	Director	$0	$0	$0
DEREK NOLAN	DIRECTOR	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	No data	No data	No data	No data
2023	$1,859,941	$1,404,382	$5,149,721	$455,559
2022	$1,620,576	$1,160,440	$4,543,463	$460,136
2021	$1,608,814	$1,216,823	$4,336,502	$391,991
2020	$1,086,764	$943,602	$3,973,366	$143,162
2019	$1,550,606	$1,294,210	$3,782,825	$256,396
2018	$1,215,448	$1,151,034	$3,373,540	$64,414

SOUTH DAKOTA BANKERS ASSOCIATION