BLACK HILLS WORKS INC

EIN: 460341382 501(c)(3) Employment

RAPID CITY, SD

Total Revenue
$49,407,411
Total Expenses
$44,870,886
Total Assets
$23,635,251
Net Assets
$17,461,827
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1958
Legal Domicile
SD
Principal Officer
BRADLEY SAATHOFF
Phone
6053434550
Tax Period
2023-07-01 to 2024-06-30

BLACK HILLS WORKS INC, founded in 1958, is a mid-sized nonprofit in the Employment sector that reported $25.4M in total revenue in fiscal year 2018. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

CREATING A COMMUNITY WHERE EVERYONE PARTICIPATES TO ACHIEVE A LIFE OF FULL POTENTIAL.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,037,012
Program Service Revenue $47,659,531
Investment Income $183,847
Other Revenue $527,021
TOTAL REVENUE $49,407,411

Expense Breakdown

Grants Paid $0
Salaries & Benefits $36,591,691
Fundraising Expenses $516,573
Program Expenses $38,463,173
Other Expenses $8,279,195
TOTAL EXPENSES $44,870,886

Year-over-Year Comparison

2023 2022 Change
Revenue $49,407,411 $43,585,383 +0.1%
Expenses $44,870,886 $40,203,556 +0.1%
Net Income $4,536,525 $3,381,827 +0.3%
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
12
Independent Members
12
Employees
1049
Volunteers
335

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
$458,000
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEAN AURAND BOARD PRESIDENT 0.50
Officer Director
$0 $0 $0
JESS PEKARSKI BOARD VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
JACQUELINE SLY BOARD SECRETARY/TREASURER 0.50
Officer Director
$0 $0 $0
BRAD BLAUVELT BOARD MEMBER 0.50
Director
$0 $0 $0
KELLY STACY BOARD MEMBER 0.50
Director
$0 $0 $0
EVAN NESTORE BOARD MEMBER 0.50
Director
$0 $0 $0
ERIC CHRISTIANSON BOARD MEMBER 0.50
Director
$0 $0 $0
GREG HANSEN BOARD MEMBER 0.50
Director
$0 $0 $0
BRAD HAUPT BOARD MEMBER 0.50
Director
$0 $0 $0
TAMMY SCHREIBER BOARD MEMBER 0.50
Director
$0 $0 $0
JACK JENSEN BOARD MEMBER 0.50
Director
$0 $0 $0
HALEY MOLINE SOMMER BOARD MEMBER 0.50
Director
$0 $0 $0
BRADLEY SAATHOFF CEO 1.00
Officer
$275,016 $37,902 $312,918
MARY DUNCAN CFO 1.00
Officer
$129,370 $15,712 $145,082
MICHELLE AMAN VP OF RESIDENTIAL SERVICES 40.00
Highest
$111,437 $6,569 $118,006
TARA BLASIUS VP OF VOCATIONAL SERVICES 40.00
Highest
$105,026 $23,636 $128,662
ANDREA SERNA FOUNDATION PRESIDENT 40.00
Highest
$149,666 $6,412 $156,078
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 No data No data No data No data
2024 $49,407,411 $44,870,886 $23,635,251 $4,536,525
2023 $43,585,383 $40,203,556 $21,756,077 $3,381,827
2022 $31,445,606 $34,360,184 $22,578,935 $-2,914,578
2021 $36,058,984 $32,543,761 $18,443,225 $3,515,223
2020 $25,482,307 $25,987,030 $16,726,519 $-504,723
2019 $25,381,599 $25,417,734 $12,716,661 $-36,135
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