SOUTH DAKOTA DEVELOPMENT CORPORATION (EIN 460404566) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

JENNIFER OBERG

Phone

6052751504

Tax Period

2024-01-01 to 2024-12-31

SOUTH DAKOTA DEVELOPMENT CORPORATION, founded in 1983, is a small nonprofit in the Community Improvement sector that reported $142K in total revenue in fiscal year 2018. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $13.4M exceeded revenue, resulting in a 9366% operating deficit.

Mission

THE PRINCIPLE OBJECTIVE OF THE CORPORAITON SHALL BE TO BENEFIT THE STATE OF SOUTH DAKOTA BY FOSTERING INCREASED EMPLOYMENT OPPORTUNITIES AND EXPANSION OF BUSINESS AND INDUSTRY FOR THE CITIZENS OF THIS STATE.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $500,010

Investment Income $5,918

Other Revenue $0

TOTAL REVENUE $505,928

Expense Breakdown

Grants Paid $0

Salaries & Benefits $345,033

Fundraising Expenses $0

Program Expenses $433,888

Other Expenses $261,095

TOTAL EXPENSES $606,128

Year-over-Year Comparison

	2024	2023	Change
Revenue	$505,928	$640,183	-0.2%
Expenses	$606,128	$550,462	+0.1%
Net Income	$-100,200	$89,721	-2.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$105,938

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC CHRISTIANSON	DIRECTOR	3.00	Director	$0	$0	$0
DREW DUNCAN	DIRECTOR	3.00	Director	$0	$0	$0
JONI EKSTRUM	VICE CHAIRMAN	3.00	Officer Director	$0	$0	$0
NATE ENGBERS	DIRECTOR	3.00	Director	$0	$0	$0
ALEX SOUNDY	SECRETARY	3.00	Officer Director	$0	$0	$0
BRENT HEINERT	TREASURER	3.00	Officer Director	$0	$0	$0
JULIE JOHNSON	DIRECTOR	3.00	Director	$0	$0	$0
KYLE PETERS	DIRECTOR	3.00	Director	$0	$0	$0
JOHN SCHRAMM	DIRECTOR	3.00	Director	$0	$0	$0
RANDY SNYDERS	DIRECTOR	3.00	Director	$0	$0	$0
LUKE TIBBETTS	CHAIRMAN	3.00	Officer Director	$0	$0	$0
KEVIN WAGNER	DIRECTOR	3.00	Director	$0	$0	$0
DEREK SIMONSEN	DIRECTOR	3.00	Director	$0	$0	$0
JENNIFER OBERG	EXECUTIVE DIRECTOR	40.00	Officer	$105,938	$0	$105,938

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	$505,928	$606,128	$213,301	$-100,200
2023	$640,183	$550,462	$182,348	$89,721
2022	$433,578	$560,859	$115,137	$-127,281
2021	$274,179	$500,668	$70,437	$-226,489
2020	$204,440	$409,922	$201,610	$-205,482
2019	$105,262	$315,807	$421,912	$-210,545
2018	$141,740	$13,417,306	$613,464	$-13,275,566

SOUTH DAKOTA DEVELOPMENT CORPORATION