ALLY DAKOTA DEVELOPMENT INC

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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

1981

Legal Domicile

Principal Officer

FRANCES WHITE

Phone

6053475837

Tax Period

2024-10-01 to 2025-09-30

ALLY DAKOTA DEVELOPMENT INC, founded in 1981, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2024. Revenue surged 553% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 73% operating margin.

Mission

PROMOTE ECONOMIC DEVELOPMENT IN STATE OF SOUTH DAKOTA AND THE RAPID CITY/ BLACK HILLS REGION.

Program Service Accomplishments

Program 1

TO PROMOTE, ENCOURAGE AND ADVANCE ECONOMIC AND COMMUNITY DEVELOPMENT IN SOUTH DAKOTA. THE ORGANIZATION ADMINISTERS THE REGIONAL SMALL BUSINESS ADMINISTRATION (SBA) 504 LOAN PROGRAM.

Program 2

ADMINISTERS THE CARES AND LAWRENCE COUNTY REVOLVING LOAN PROGRAMS. LOANS WERE FUNDED THROUGH GRANTS FROM THE US DEPARTMENT OF COMMERCE ECONOMIC DEVELOPMENT ADMINISTRATION AND LAWRENCE COUNTY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,840,794

Program Service Revenue $996,428

Investment Income $81,223

Other Revenue $12

TOTAL REVENUE $3,918,457

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,062,966

TOTAL EXPENSES $1,067,966

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,918,457	$600,263	+5.5%
Expenses	$1,067,966	$600,188	+0.8%
Net Income	$2,850,491	$75	+38005.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANCES WHITE	EXECUTIVE DI	40.00	Officer	$0	$0	$0
MATT WALTERS	PRESIDENT	1.00	Officer Director	$0	$0	$0
BEN HANSON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
KAYCE GERLACH	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
BOBBIE BOHLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
CANDI THOMSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES MORTENSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSICA FALKEN	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN DIETZ	BOARD MEMBER	1.00	Director	$0	$0	$0
KORY MENKEN	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL MOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER KOTTWITZ	BOARD MEMBER	1.00	Director	$0	$0	$0
SPENCER WHITE	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM WALTER	BOARD MEMBER	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
2025	$3,918,457	$1,067,966	$5,970,242	$2,850,491
2024	$600,263	$600,188	$2,835,646	$75
2023	$538,388	$501,511	$2,814,410	$36,877
2022	$972,630	$617,095	$2,883,121	$355,535
2021	$1,560,203	$692,109	$2,495,222	$868,094
2020	$653,661	$601,010	$1,601,976	$52,651
2019	$541,377	$516,060	$1,534,066	$25,317
2018	$529,092	$450,001	$1,467,167	$79,091