BON HOMME YANKTON ELECTRIC ASSOCIATION

EIN: 460211846

TABOR, SD

Total Revenue
$12,365,618
Total Expenses
$12,365,618
Total Assets
$41,304,594
Net Assets
$14,998,266
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1946
Legal Domicile
SD
Principal Officer
DEAN STERNHAGEN
Phone
6054632507
Tax Period
2024-01-01 to 2024-12-31

BON HOMME YANKTON ELECTRIC ASSOCIATION INC, founded in 1946, is a mid-sized nonprofit that reported $11.6M in total revenue in fiscal year 2018. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE ELECTRICITY TO RURAL COMMUNITIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $12,151,621
Investment Income $110,665
Other Revenue $103,332
TOTAL REVENUE $12,365,618

Expense Breakdown

Grants Paid $13,956
Salaries & Benefits $1,876,522
Fundraising Expenses $0
Other Expenses $9,584,363
TOTAL EXPENSES $12,365,618

Year-over-Year Comparison

2024 2023 Change
Revenue $12,365,618 $12,469,058 0.0%
Expenses $12,365,618 $12,469,058 0.0%
Net Income $0 $0 N/A
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

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Governance

Voting Members
7
Independent Members
7
Employees
17
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
7
$391,578
Total Directors
8
$44,375
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL VOIGT PRESIDENT/DIRECTOR 2.80
Officer Director
$6,100 $0 $6,100
DEAN STERNHAGEN DIRECTOR/PRESIDENT 2.70
Officer Director
$6,100 $0 $6,100
DAVID SYKORA VICE PRESIDENT 3.90
Officer Director
$7,450 $0 $7,450
DAVID STERNHAGEN SECRETARY 3.80
Officer Director
$6,100 $0 $6,100
ROBERT RUPPELT TREASURER 4.50
Officer Director
$7,225 $0 $7,225
JOHN LILLEVOLD DIRECTOR (UNTIL JUL 2024) 1.50
Director
$2,275 $0 $2,275
RICK CHELOHA DIRECTOR 2.30
Director
$6,600 $0 $6,600
BRIAN BRANDT DIRECTOR (BEG AUG 2024) 2.20
Director
$2,525 $0 $2,525
STEPHANIE HORST GENERAL MANAGER 40.00
Officer
$159,239 $56,618 $215,857
NICOLE EINREM OFFICE MANAGER 40.00
Officer
$107,566 $35,180 $142,746
KENNETH CARDA OPERATIONS MANAGER 40.00
Highest
$105,730 $28,906 $134,636
GUNNAR DALLY JOURNEYMAN LINEMAN 40.00
Highest
$101,729 $29,073 $130,802
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 $12,365,618 $12,365,618 $41,304,594 No data
2023 $12,469,058 $12,469,058 $40,729,100 No data
2022 $11,924,392 $11,924,392 $38,882,765 No data
2021 $11,277,774 $11,277,774 $36,651,316 No data
2020 $10,963,067 $10,963,067 $34,767,596 No data
2019 $10,875,447 $10,875,447 $33,408,306 No data
2018 $11,556,760 $11,556,760 $32,361,331 No data
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