REALTOR ASSOCIATION OF THE SIOUX EMPIRE INC

EIN: 460359167

SIOUX FALLS, SD

Total Revenue
$1,500,486
Total Expenses
$1,468,339
Total Assets
$2,268,604
Net Assets
$2,048,342
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1920
Legal Domicile
SD
Principal Officer
JOSEPH ZIKA III
Phone
6053344752
Tax Period
2023-12-01 to 2024-11-30

REALTOR ASSOCIATION OF THE SIOUX EMPIRE INC, founded in 1920, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2017. Expenses of $979K left a modest 11% surplus.

Mission

TO FURTHER THE REAL ESTATE PROFESSION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $25,000
Program Service Revenue $1,406,489
Investment Income $55,664
Other Revenue $13,333
TOTAL REVENUE $1,500,486

Expense Breakdown

Grants Paid $0
Salaries & Benefits $518,898
Fundraising Expenses $0
Other Expenses $949,441
TOTAL EXPENSES $1,468,339

Year-over-Year Comparison

2023 2022 Change
Revenue $1,500,486 $1,724,772 -0.1%
Expenses $1,468,339 $1,738,532 -0.2%
Net Income $32,147 $-13,760 -3.3%
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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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
7
Volunteers
15

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
8
$187,463
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATE PATRICK PRESIDENT/INTERIM CEO (DEC-MAR) 5.00
Officer Director
$0 $0 $0
LARISSA LUTHER PRESIDENT ELECT 2.00
Officer Director
$0 $0 $0
CALLIE WOCKENFUSS FIRST VP 2.00
Officer Director
$0 $0 $0
LAURA WINGERT VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
KATIE MILLIMAN TREASURER 5.00
Officer Director
$0 $0 $0
TARA ALLEN EX-OFFICIO 2.00
Officer Director
$0 $0 $0
SEAN LARSEN LOCAL DIRECTOR 2.00
Director
$0 $0 $0
ROGER RUSSELL LOCAL DIRECTOR 2.00
Director
$0 $0 $0
HADASS NEGI LOCAL DIRECTOR 2.00
Director
$0 $0 $0
MARCUS WALGRAVE STATE DIRECTOR 2.00
Director
$0 $0 $0
CLAY WILHELM STATE DIRECTOR 2.00
Director
$0 $0 $0
LARRY LUETKE STATE DIRECTOR 2.00
Director
$0 $0 $0
JOE GREEN STATE DIRECTOR 2.00
Director
$0 $0 $0
BRECK MILLER STATE DIRECTOR 2.00
Director
$0 $0 $0
TONYA MADSEN STATE DIRECTOR 2.00
Director
$0 $0 $0
KRISTEN GULSON CEO/CFO (UNTIL DEC 2023) 40.00
Officer
$182,092 $5,371 $187,463
JACK ZIKA CEO (BEG FEB 2024) 40.00
Officer
$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 $1,500,486 $1,468,339 $2,268,604 $32,147
2023 $1,724,772 $1,738,532 $2,264,459 $-13,760
2022 $1,500,544 $1,355,322 $2,199,740 $145,222
2021 $1,404,563 $1,349,471 $2,203,167 $55,092
2020 $1,123,122 $942,380 $2,083,277 $180,742
2019 $1,162,344 $1,021,695 $1,845,182 $140,649
2018 $1,099,846 $979,356 $1,640,449 $120,490
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