SOUTH DAKOTA ASSOCIATION OF COOPERATIVES

EIN: 460214081

PIERRE, SD

Total Revenue
$346,034
Total Expenses
$255,703
Total Assets
$916,181
Net Assets
$901,234
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Financial Trends

Organization Details

Formation Year
1944
Legal Domicile
SD
Principal Officer
BRENDA FORMAN
Phone
6059452548
Tax Period
2024-07-01 to 2025-06-30

SOUTH DAKOTA ASSOCIATION OF COOPERATIVES, founded in 1944, is a small nonprofit that reported $231K in total revenue in fiscal year 2018. Revenue decreased 10% compared to the prior year. Expenses of $277K exceeded revenue, resulting in a 20% operating deficit.

Mission

THE ORGANIZATION'S OBJECTIVE IS TO ASSOCIATE THE MEMEBERS TOGETHER INTO A SOCIETY FOR THE PURPOSE OF PROMOTING THE INTEREST AND WELFARE OF SOUTH DAKOTA COOPERATIVES BY ANY APPROPRIATE MEANS AND TO EDUCATE AND BRING ABOUT A BETTER UNDERSTANDING OF THE COOPERATIVE TYPE OF BUSINESS.

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Trantor Score

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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 $316,185
Investment Income $29,849
Other Revenue $0
TOTAL REVENUE $346,034

Expense Breakdown

Grants Paid $0
Salaries & Benefits $149,236
Fundraising Expenses $0
Program Expenses $255,703
Other Expenses $106,467
TOTAL EXPENSES $255,703

Year-over-Year Comparison

2024 2023 Change
Revenue $346,034 $333,035 +0.0%
Expenses $255,703 $245,314 +0.0%
Net Income $90,331 $87,721 +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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Governance

Voting Members
12
Independent Members
11
Employees
2
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
5
$112,500
Total Directors
12
$112,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE TRAXINGER PRESIDENT 0.50
Officer Director
$0 $0 $0
JASON STARK VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
CHAD DYLLA SECRETARY 0.50
Officer Director
$0 $0 $0
MILES MENDEL TREASURER 0.50
Officer Director
$0 $0 $0
TODD VAN WALLEGHEN DIRECTOR 0.50
Director
$0 $0 $0
TRAVIS SCHENK DIRECTOR 0.50
Director
$0 $0 $0
TODD JOHNSON DIRECTOR 0.50
Director
$0 $0 $0
SHAWN DONOVAN DIRECTOR 0.50
Director
$0 $0 $0
MARK FINCK DIRECTOR 0.50
Director
$0 $0 $0
KEN SNYDER DIRECTOR 0.50
Director
$0 $0 $0
TROY GRENSBERG DIRECTOR 0.50
Director
$0 $0 $0
BRENDA FORMAN EXECUTIVE DIRECTOR 40.00
Officer Director
$112,500 $0 $112,500
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
2025 $346,034 $255,703 $916,181 $90,331
2024 $333,035 $245,314 $826,247 $87,721
2023 $285,969 $230,161 $742,344 $55,808
2022 $264,199 $215,185 $639,078 $49,014
2021 $229,572 $180,330 $588,773 $49,242
2020 $269,005 $190,473 $539,048 $78,532
2019 $231,163 $277,333 $461,265 $-46,170
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