SIOUX FALLS ARTS COUNCIL (EIN 460354287) - 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

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 $259K in total revenue in fiscal year 2022. Revenue surged 103% from the prior year, signaling strong growth momentum. The organization ran a surplus of $86K, a strong 33% operating margin.

Mission

THE SIOUX FALLS ARTS COUNCIL STRIVES TO CREATE A MORE VIBRANT ARTS COMMUNITY BY CONNECTING AUDIENCES TO THE ARTS, ARTISTS TO OPPORTUNITIES AND CONNECT ARTS COMMUNITY TO CO-CREATE, COLLABORATE AND COEXIST TOGETHER.

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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 $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

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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

$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

SIOUX FALLS ARTS COUNCIL