SOUTH DAKOTA BEEF INDUSTRY COUNCIL… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1970

Legal Domicile

Principal Officer

JODIE ANDERSON

Phone

6052244722

Tax Period

2023-10-01 to 2024-09-30

SOUTH DAKOTA BEEF INDUSTRY COUNCIL INC, founded in 1970, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2023.

Mission

TO COLLECT AND ADMINISTER THE $1 BEEF CHECKOFF PROGRAM FOR THE STATE OF SOUTH DAKOTA. THE BEEF CHECKOFF PROGRAM IS USED TO PROMOTE, EDUCATE AND PROVIDE RESEARCH FOR THE BENEFITS OF BEEF.

Program Service Accomplishments

Program 1

COLLECTS AND ADMINISTERS THE $1 BEEF CHECKOFF ON CATTLE SOLD IN SOUTH DAKOTA. CHECKOFF DOLLARS ARE UTILIZED STRICTLY FOR PROMOTION, EDUCATION, OR RESEARCH PROGRAMS. 50 CENTS OF EVERY DOLLAR IS...

COLLECTS AND ADMINISTERS THE $1 BEEF CHECKOFF ON CATTLE SOLD IN SOUTH DAKOTA. CHECKOFF DOLLARS ARE UTILIZED STRICTLY FOR PROMOTION, EDUCATION, OR RESEARCH PROGRAMS. 50 CENTS OF EVERY DOLLAR IS DIRECTED TO THE CATTLEMENS BEEF BOARD, WHICH OVERSEES THE NATIONAL CHECKOFF PROGRAM AND IS RESPONSIBLE FOR THE CERTIFICATION OF QUALIFIED STATE BEEF COUNCILS. 50 CENTS OF EACH DOLLAR COLLECTED IS RETAINED AND A PORTION MAY BE INVESTED IN THE NATIONAL CHECKOFF PROGRAMS THROUGH THE FEDERATION DIVISION OF THE NATIONAL CATTLEMENS BEEF ASSOCIATION TO FURTHER EXTEND NATIONAL AND INTERNATIONAL BEEF PROMOTIONAL EFFORTS WITH A UNIFIED STATE-NATIONAL PARTNERSHIP.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,534,809

Program Service Revenue $0

Investment Income $15,737

Other Revenue $7,303

TOTAL REVENUE $3,557,849

Expense Breakdown

Grants Paid $601,644

Salaries & Benefits $215,533

Fundraising Expenses $0

Other Expenses $2,638,691

TOTAL EXPENSES $3,455,868

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,557,849	$3,526,234	+0.0%
Expenses	$3,455,868	$3,925,182	-0.1%
Net Income	$101,981	$-398,948	-1.3%

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

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

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

$76,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY DEERING	PRESIDENT	1.00	Officer Director	$0	$0	$0
KENT VANDERWAL	TREASURER	2.00	Officer Director	$0	$0	$0
CARL SANDERS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LES SHAW	DIRECTOR	1.00	Director	$0	$0	$0
RANDY VOLMER	DIRECTOR	1.00	Director	$0	$0	$0
JOSH GEIGLE	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA CHRISTENSEN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE GEBHART	DIRECTOR	1.00	Director	$0	$0	$0
MARSHALL EDLEMAN	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN TUPPER	DIRECTOR	1.00	Director	$0	$0	$0
TODD MORTENSON	DIRECTOR	1.00	Director	$0	$0	$0
KELSEY GERAETS	DIRECTOR	1.00	Director	$0	$0	$0
LAURIE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
BECKY LITTAU	DIRECTOR	1.00	Director	$0	$0	$0
DANIELLE KARTAK	DIRECTOR	1.00	Director	$0	$0	$0
ERIN YOST	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS EFFLING	DIRECTOR	1.00	Director	$0	$0	$0
DAVID REIS	DIRECTOR	1.00	Director	$0	$0	$0
ERIC SUMPTION	DIRECTOR	1.00	Director	$0	$0	$0
LANCE PERION	DIRECTOR	1.00	Director	$0	$0	$0
JODIE ANDERSON	EXECUTIVE DIRECTOR	40.00	Officer	$76,000	$0	$76,000
VEABEA THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
CASEY PERMAN	DIRECTOR	1.00	Director	$0	$0	$0
EMILY PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
AMY BLUM	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
2024	$3,557,849	$3,455,868	$423,482	$101,981
2023	$3,526,234	$3,925,182	$321,501	$-398,948
2022	$3,862,570	$4,335,319	$720,449	$-472,749
2021	$4,031,431	$4,100,292	$1,193,198	$-68,861
2020	$3,581,571	$3,826,440	$1,262,059	$-244,869
2019	$3,822,578	$3,747,909	$1,506,928	$74,669
2018	$3,802,959	$3,619,024	$1,432,259	$183,935

SOUTH DAKOTA BEEF INDUSTRY COUNCIL INC