SIOUX FALLS DEVELOPMENT FOUNDATION INC (EIN 460243934) - 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

Principal Officer

BOB MUNDT

Phone

6053390103

Tax Period

2024-10-01 to 2025-09-30

SIOUX FALLS DEVELOPMENT FOUNDATION INC, founded in 1954, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2017. Revenue fell 25% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.7M, a strong 48% operating margin.

Mission

TO COLLABORATIVELY CREATE QUALITY ECONOMIC GROWTH AND WORKFORCE DEVELOPMENT IN SIOUX FALLS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $7,005,915

Program Service Revenue $182,727

Investment Income $894,511

Other Revenue $1,212,585

TOTAL REVENUE $9,295,738

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,410,417

Fundraising Expenses $0

Other Expenses $1,224,816

TOTAL EXPENSES $2,635,233

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,295,738	$21,589,603	-0.6%
Expenses	$2,635,233	$19,011,806	-0.9%
Net Income	$6,660,505	$2,577,797	+1.6%

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

$503,236

Total Directors

Key Employees

$219,035

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB MUNDT	PRESIDENT &	50.00	Officer	$240,777	$56,721	$297,498
DEAN DZIEDZIC	VP - ECONOMI	50.00	Key Emp	$187,340	$31,695	$219,035
CORY BUCK	CFO	50.00	Officer	$149,927	$55,811	$205,738
DENISE GUZZETTA	VP - WORKFOR	45.00	Highest	$133,884	$18,451	$152,335
MIKE GRAY	DIR. OF BUS.	45.00	Highest	$113,838	$17,500	$131,338
CLINT ACKERMAN	DIRECTOR	1.00	Director	$0	$0	$0
RAQUEL BLOUNT	DIRECTOR	1.00	Director	$0	$0	$0
KURT BROST	DIRECTOR	1.00	Director	$0	$0	$0
KENT CUTLER	CHAIR ELECT	2.00	Officer Director	$0	$0	$0
CHRIS DAUGAARD	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS EKSTRUM	DIRECTOR	1.00	Director	$0	$0	$0
KIRA KIMBALL	DIRECTOR	1.00	Director	$0	$0	$0
JASON KJENSTAD	DIRECTOR	1.00	Director	$0	$0	$0
RANDY KNECHT	TREASURER	2.00	Officer Director	$0	$0	$0
JULIE LAUTT	SECRETARY	2.00	Officer Director	$0	$0	$0
DAVE LINK	DIRECTOR	1.00	Director	$0	$0	$0
CLARK MEYER	CHAIR ELECT	2.00	Officer Director	$0	$0	$0
MARLA MEYER	DIRECTOR	1.00	Director	$0	$0	$0
TONY NOUR	DIRECTOR	1.00	Director	$0	$0	$0
AJ SAIGH	DIRECTOR	1.00	Director	$0	$0	$0
KARLA SANTI	DIRECTOR	1.00	Director	$0	$0	$0
KEITH SEVERSON	DIRECTOR	1.00	Director	$0	$0	$0
AL SPENCER	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT WICKERSHAM	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
2025	$9,295,738	$2,635,233	$106,497,986	$6,660,505
2024	$21,589,603	$19,011,806	$99,337,297	$2,577,797
2023	$16,811,116	$2,831,082	$87,105,498	$13,980,034
2022	$9,616,434	$2,147,692	$66,202,631	$7,468,742
2021	$7,701,176	$2,269,051	$50,584,468	$5,432,125
2020	$3,201,901	$1,926,973	$47,396,022	$1,274,928
2019	$2,815,234	$1,975,688	$43,177,562	$839,546
2018	$3,607,690	$1,865,055	$42,823,826	$1,742,635

SIOUX FALLS DEVELOPMENT FOUNDATION INC