INDEPENDENT COMMUNITY BANKERS OF SD (EIN 460396671) - 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

1994

Legal Domicile

Principal Officer

MEGAN OLSON

Phone

6059969329

Tax Period

2024-01-01 to 2024-12-31

INDEPENDENT COMMUNITY BANKERS OF SD, founded in 1994, is a small nonprofit that reported $363K in total revenue in fiscal year 2018. Expenses of $343K left a modest 5% surplus.

Mission

TRADE ASSOCIATION

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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 $0

Program Service Revenue $413,134

Investment Income $9,318

Other Revenue $0

TOTAL REVENUE $422,452

Expense Breakdown

Grants Paid $0

Salaries & Benefits $130,546

Fundraising Expenses $0

Other Expenses $258,292

TOTAL EXPENSES $388,838

Year-over-Year Comparison

	2024	2023	Change
Revenue	$422,452	$435,105	0.0%
Expenses	$388,838	$392,022	0.0%
Net Income	$33,614	$43,083	-0.2%

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
JOSH HOGUE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DILLON KJERSTAD	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
KEVINE TEIGEN	DIRECTOR	1.00	Director	$0	$0	$0
MARK HAHLER	DIRECTOR	1.00	Director	$0	$0	$0
MIKE BEHL	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
TIFFANY LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
VALERIE ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
JODI EICH	DIRECTOR	1.00	Director	$0	$0	$0
NICK CONWAY	DIRECTOR	1.00	Director	$0	$0	$0
CLAY SPIELMANN	DIRECTOR	1.00	Director	$0	$0	$0
JULIE PUETZ	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN OLSON	EXECUTIVE DIRECTOR	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	$422,452	$388,838	$625,731	$33,614
2023	$435,105	$392,022	$596,236	$43,083
2022	$412,426	$348,980	$556,260	$63,446
2021	$390,009	$338,436	$492,741	$51,573
2020	$286,317	$263,381	$441,106	$22,936
2019	$347,932	$333,121	$394,166	$14,811
2018	$363,035	$343,463	$381,335	$19,572

INDEPENDENT COMMUNITY BANKERS OF SD