SIOUX FALLS ARTS COUNCIL

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1969

Legal Domicile

Principal Officer

KELLEN BOICE

Phone

6052716696

Tax Period

2024-01-01 to 2024-12-31

SIOUX FALLS ARTS COUNCIL, founded in 1969, is a small nonprofit that reported $114K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $154K exceeded revenue, resulting in a 35% operating deficit.

Mission

OUR MISSION IS TO ENRICH SIOUX FALLS CULTURE, ECONOMY, AND OPPORTUNITY BY BUILDING A STRONGER AND MORE VIBRANT ARTS COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $24,387

ARTIST DIRECTORY, HIGHLIGHTING 370 ARTISTS WORKING IN AND AROUND THE AREA OF SIOUX FALLS.

Program 2

Expenses: $24,413

ACCESSIBILITY ACTIVITIES: CONTINUED TO DEVELOP FEATURES FOR OUR WEBSITE THAT IS A ONE-CLICK STOP FOR ALL ART AND CULTURE HAPPENINGS IN THE SIOUX FALLS AREA INCLUDING AN ONLINE EVENTS CALENDAR, CALLS FOR VISUAL AND LITERARY ART AS WELL AS AUDITION OPPORTUNITIES, EXPLAINED SOCIAL MEDIA PRESENCE THROUGH FACEBOOK, INSTAGRAM AND TWITTER ACTIVITIES, AND DAY TO DAY DIRECT CONSTITUENT CONTACT IN OFFICE SPACE.

Program 3

Expenses: $53,735

FISCAL SPONSORSHIP OF SIX ART ORGANIZATIONS: SIOUX FALLS STAGE, SIOUX FALLS PHOTOGRAPHY COLLABORATIVE, THE WATERING CAN, OUR GROWTH PROJECT, WHITE SPRUCE CHAMBER PLAYERS, AND HEADLIGHTS THEATER.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $101,620

Program Service Revenue $0

Investment Income $3,110

Other Revenue $9,306

TOTAL REVENUE $114,036

Expense Breakdown

Grants Paid $36,582

Salaries & Benefits $54,186

Fundraising Expenses $2,697

Program Expenses $130,985

Other Expenses $63,176

TOTAL EXPENSES $153,944

Year-over-Year Comparison

	2024	2023	Change
Revenue	$114,036	$208,557	-0.5%
Expenses	$153,944	$163,916	-0.1%
Net Income	$-39,908	$44,641	-1.9%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$50,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOEL RIECHE	PRESIDENT	1.00	Officer Director	$0	$0	$0
SARA TELAHUN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DEYA THORIN	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES PAYER II	TREASURER	1.00	Officer Director	$0	$0	$0
MARK MILLAGE	DIRECTOR	0.10	Director	$0	$0	$0
JAMES LANGDON	DIRECTOR	0.10	Director	$0	$0	$0
CHASE KRAMER	DIRECTOR	0.10	Director	$0	$0	$0
ERIN CASTLE	DIRECTOR	0.10	Director	$0	$0	$0
SHANE WUEBBEN	DIRECTOR	0.10	Director	$0	$0	$0
APRIL MEYERINK	DIRECTOR	0.10	Director	$0	$0	$0
MAREN ENGLE	DIRECTOR	0.10	Director	$0	$0	$0
WES EISENHAURER	DIRECTOR	0.10	Director	$0	$0	$0
MARCY DIMOND	DIRECTOR	0.10	Director	$0	$0	$0
MIKE JAMISON	DIRECTOR	0.10	Director	$0	$0	$0
KELLEN BOICE	EXECUTIVE DIRECTOR	40.00	Officer	$50,500	$0	$50,500

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
2024	$114,036	$153,944	$227,222	$-39,908
2023	$208,557	$163,916	$264,087	$44,641
2022	$259,403	$173,610	$241,426	$85,793