BLACK HILLS WORKS FOUNDATION INC (EIN 460363653) - 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

1982

Legal Domicile

Principal Officer

ANDREA SERNA

Phone

6057186201

Tax Period

2024-01-01 to 2024-12-31

BLACK HILLS WORKS FOUNDATION INC, founded in 1982, is a community nonprofit in the Employment sector that reported $5.2M in total revenue in fiscal year 2018. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.8M, a strong 53% operating margin.

Mission

THE BLACK HILLS WORKS FOUNDATION, INC. IS COMMITTED TO ENRICHING THE LIVES OF PEOPLE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES NOW AND INTO THE FUTURE. THIS IS ACCOMPLISHED THROUGH RESOURCE DEVELOPMENT, CREATING AWARENESS, PROVIDING ADVOCACY, ENGAGING SUPPORTERS, AND MANAGING ASSETS TO SUPPORT THEIR IMMEDIATE AND LONG-TERM NEEDS.

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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 $1,131,254

Program Service Revenue $514,602

Investment Income $1,269,681

Other Revenue $35,748

TOTAL REVENUE $2,951,285

Expense Breakdown

Grants Paid $892,231

Salaries & Benefits $0

Fundraising Expenses $656,451

Program Expenses $1,917,815

Other Expenses $1,840,840

TOTAL EXPENSES $2,733,071

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,951,285	$2,721,495	+0.1%
Expenses	$2,733,071	$3,127,036	-0.1%
Net Income	$218,214	$-405,541	-1.5%

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

N/A

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
BRAD SAATHOFF	BOARD TREASURER	5.00	Officer Director	$0	$0	$0
ERIC CHRISTIANSON	LIAISON	1.00	Director	$0	$0	$0
CHRIS LONG	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG ROBINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LORI BURMEISTER	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE DOWLING	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
INGRID REUTER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS KARN	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
CURTIS FISCHER	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB HEIBULT	BOARD MEMBER	1.00	Director	$0	$0	$0
CORTNEY FICKEN	BOARD VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
KEVIN DIETZ	BOARD MEMBER	1.00	Director	$0	$0	$0
NICOLE HEDRICK	BOARD MEMBER	1.00	Director	$0	$0	$0
BRAD BLAUVELT	LIAISON	1.00	Director	$0	$0	$0
GREG HANSEN	LIAISON	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	No data	No data	No data	No data
2024	$2,951,285	$2,733,071	$35,758,794	$218,214
2023	$2,721,495	$3,127,036	$33,851,475	$-405,541
2022	$2,683,739	$2,471,489	$31,286,007	$212,250
2021	$2,572,719	$2,036,832	$35,552,118	$535,887
2020	$2,237,945	$1,986,228	$32,106,123	$251,717
2019	$2,049,720	$2,538,429	$29,743,730	$-488,709
2018	$5,220,353	$2,460,757	$29,521,570	$2,759,596

BLACK HILLS WORKS FOUNDATION INC