MOBRIDGE ECONOMIC DEVELOPMENT CORPORATION

EIN: 460391819

MOBRIDGE, SD

Total Revenue
$95,975
Total Expenses
$99,356
Total Assets
$1,429,407
Net Assets
$1,044,558
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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
1984
Legal Domicile
SD
Principal Officer
MICHELE HARRISON
Phone
6058455202
Tax Period
2025-01-01 to 2025-12-31

MOBRIDGE ECONOMIC DEVELOPMENT CORPORATION, founded in 1984, is a micro nonprofit that reported $96K in total revenue in fiscal year 2025. Revenue fell 85% from the prior year — a significant decline worth monitoring. Net assets of $1.0M represent 131 months of operating reserves.

Mission

PROMOTE INDUSTRY & COMMERCE

Program Service Accomplishments

Program 1
Expenses: $40,042 Revenue: $33,220

PROMOTE BUSINESS IN THE LOCAL AREA BY PROVIDING LOANS TO THEM AT A LOW RATE OF INTEREST.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $46,479
Program Service Revenue $33,220
Investment Income $6,756
Other Revenue $9,520
TOTAL REVENUE $95,975

Expense Breakdown

Grants Paid $30,003
Salaries & Benefits $50,500
Fundraising Expenses $0
Program Expenses $40,042
Other Expenses $18,853
TOTAL EXPENSES $99,356

Year-over-Year Comparison

2025 2024 Change
Revenue $95,975 $649,772 -0.9%
Expenses $99,356 $587,351 -0.8%
Net Income $-3,381 $62,421 -1.1%
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

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Governance

Voting Members
8
Independent Members
N/A
Employees
1
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
3
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN AYOUB DIRECTOR N/A
Director
$0 $0 $0
BRUCE BREKKE DIRECTOR N/A
Officer Director
$0 $0 $0
TIM FREDERICK DIRECTOR N/A
Director
$0 $0 $0
MICHELE HARRISON EXECUTIVE DI N/A
Officer Director
$0 $0 $0
ADAM HAYES DIRECTOR N/A
Director
$0 $0 $0
CHAD JAEGER DIRECTOR N/A
Director
$0 $0 $0
DAWN KONOLD DIRECTOR N/A
Director
$0 $0 $0
JESSE KONOLD DIRECTOR N/A
Director
$0 $0 $0
DARRELL SCHLEPP DIRECTOR N/A
Director
$0 $0 $0
TRAVIS VETCH DIRECTOR N/A
Director
$0 $0 $0
KEVIN WIENTJES DIRECTOR N/A
Director
$0 $0 $0
TOM ZERR DIRECTOR N/A
Officer 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 $95,975 $99,356 $1,429,407 $-3,381
2024 No data No data No data No data
2023 $131,821 $79,005 $1,383,546 $52,816
2022 $79,047 $57,830 $1,322,740 $21,217
2021 $84,951 $52,952 $1,248,591 $31,999
2020 $168,173 $78,183 $1,353,169 $89,990
2019 $63,838 $48,283 $1,219,742 $15,555
2018 $103,728 $48,981 $860,659 $54,747
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