SD ASSOCIATION OF HEALTHCARE ORGANIZATIONS

EIN: 460254666

SIOUX FALLS, SD

Total Revenue
$3,081,221
Total Expenses
$2,779,114
Total Assets
$9,345,920
Net Assets
$7,212,474
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1926
Legal Domicile
SD
Principal Officer
TIMOTHY RAVE
Phone
6053612281
Tax Period
2024-01-01 to 2024-12-31

SD ASSOCIATION OF HEALTHCARE ORGANIZATIONS, founded in 1979, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2018. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $2.4M exceeded revenue, resulting in a 21% operating deficit.

Mission

PROVIDE A UNIFIED VOICE IN SUSTAINING AND ENHANCING COMMUNITY-FOCUSED HEALTH SERVICES.

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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 $2,770,341
Investment Income $310,880
Other Revenue $0
TOTAL REVENUE $3,081,221

Expense Breakdown

Grants Paid $2,500
Salaries & Benefits $1,750,308
Fundraising Expenses $0
Other Expenses $1,026,306
TOTAL EXPENSES $2,779,114

Year-over-Year Comparison

2024 2023 Change
Revenue $3,081,221 $2,809,645 +0.1%
Expenses $2,779,114 $2,646,188 +0.1%
Net Income $302,107 $163,457 +0.8%
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
12
Employees
20
Volunteers
16

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
$721,683
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL HANSON - LEFT 92024 IMMEDIATE PAST-CHAIRPERSON 1.00
Officer Director
$0 $0 $0
JASON MERKLEY CHAIRPERSON/IMMED. PAST-CHAIRPERSON 1.00
Officer Director
$0 $0 $0
PAULETTE DAVIDSON CHAIRPERSON-ELECT/CHAIRPERSON 1.00
Officer Director
$0 $0 $0
NICK FOSNESS SECRETARY-TREAS./CHAIRPERSON-ELECT 1.00
Officer Director
$0 $0 $0
ERICA PETERSON TRUSTEE(DISTRICT IV)/SECRETARY-TREAS. 0.50
Officer Director
$0 $0 $0
THOMAS WORSLEY - JOINED 92024 TRUSTEE (DISTRICT I) 0.50
Director
$0 $0 $0
MARK SCHULTE - LEFT 92024 TRUSTEE (DISTRICT I) 0.50
Director
$0 $0 $0
NATALIE GAUER TRUSTEE (DISTRICT II) 0.50
Director
$0 $0 $0
SCOTT LARSON - LEFT 92024 TRUSTEE (DISTRICT III) 0.50
Director
$0 $0 $0
ERIC HILMOE - JOINED 92024 TRUSTEE (DISTRICT IV) 0.50
Director
$0 $0 $0
MIKE WILDE - TRUSTEE AT-LARGE TRUSTEE (DISTRICT III)/PHYSICIAN 0.50
Director
$0 $0 $0
JOHN PIERCE - JOINED 92024 TRUSTEE (AT-LARGE) 0.50
Director
$0 $0 $0
MICK GIBBS TRUSTEE (AT-LARGE) 0.50
Director
$0 $0 $0
TAMMY MILLER TRUSTEE (AT-LARGE) 0.50
Director
$0 $0 $0
JOHN AYOUB DELEGATE FROM AHA 0.50
Director
$0 $0 $0
JUSTIN HINKER - LEFT 72024 DELEGATE FROM LEADINGAGE 0.50
Director
$0 $0 $0
TIMOTHY RAVE PRESIDENT/CEO 38.00
Officer
$445,820 $70,632 $516,452
TAMMY HATTING COO 39.00
Officer
$164,728 $40,503 $205,231
MICHELLE SYBESMA VP EDUCATION & COMMUNICATION 39.00
Highest
$148,435 $43,425 $191,860
BECKY HEISINGER DIRECTOR OF QUALITY INTEGRATION 30.00
Highest
$102,306 $47,649 $149,955
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 $3,081,221 $2,779,114 $9,345,920 $302,107
2023 $2,809,645 $2,646,188 $7,558,401 $163,457
2022 $2,212,039 $2,512,533 $7,817,106 $-300,494
2021 $2,684,920 $2,202,711 $8,076,868 $482,209
2020 $2,386,609 $1,868,597 $7,484,829 $518,012
2019 $2,334,005 $1,964,773 $7,257,555 $369,232
2018 $2,016,198 $2,437,553 $6,554,975 $-421,355
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