The Carroll Institute

EIN: 460363475 501(c)(3) Mental Health

Sioux Falls, SD

Total Revenue
$6,448,263
Total Expenses
$6,029,746
Total Assets
$9,741,738
Net Assets
$7,101,391
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
SD
Principal Officer
Tiffany Butler
Phone
6053362556
Tax Period
2024-07-01 to 2025-06-30

THE CARROLL INSTITUTE, founded in 1981, is a community nonprofit in the Mental Health sector that reported $4.1M in total revenue in fiscal year 2017. Expenses of $3.7M left a modest 8% surplus.

Mission

Prevention, intervention, treatment and care for individuals experiencing chemical addictions.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $27,822
Program Service Revenue $6,362,511
Investment Income $22,337
Other Revenue $35,593
TOTAL REVENUE $6,448,263

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,489,252
Fundraising Expenses $0
Program Expenses $4,211,435
Other Expenses $1,540,494
TOTAL EXPENSES $6,029,746

Year-over-Year Comparison

2024 2023 Change
Revenue $6,448,263 $6,453,773 0.0%
Expenses $6,029,746 $5,673,724 +0.1%
Net Income $418,517 $780,049 -0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
100
Volunteers
12

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
6
$147,842
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tiffany Butler Executive Director 50.00
Officer
$147,073 $769 $147,842
Gretchen Hartmann Clinical Supervisor 40.00
Highest
$124,122 $287 $124,409
Mark Broders Chairperson 1.00
Officer Director
$0 $0 $0
Lt Jason Leach Immediate Past Chair 1.00
Officer Director
$0 $0 $0
Chad Conaway Vice Chairperson 1.00
Officer Director
$0 $0 $0
Sandy Frentz Secretary 1.00
Officer Director
$0 $0 $0
Mary Pat Mullen Treasurer 1.00
Officer Director
$0 $0 $0
Emily Herbert Director 1.00
Director
$0 $0 $0
David JHieb Director 1.00
Director
$0 $0 $0
Frances Ellis Rice Director 1.00
Director
$0 $0 $0
Joe Bosman Director 1.00
Director
$0 $0 $0
Gary Tuschen 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
2025 $6,448,263 $6,029,746 $9,741,738 $418,517
2024 $6,453,773 $5,673,724 $9,115,470 $780,049
2023 $5,603,656 $5,332,850 $8,481,648 $270,806
2022 $4,802,732 $4,790,619 $8,292,611 $12,113
2021 $6,289,487 $4,487,074 $8,297,552 $1,802,413
2020 $3,953,153 $4,247,977 $7,106,485 $-294,824
2019 $4,203,873 $3,857,836 $6,975,006 $346,037
2018 $4,072,986 $3,727,835 $6,684,651 $345,151
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