SOUTH DAKOTA ASSOCIATION OF TOWNS … - Form 990 Financial Data

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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

1979

Principal Officer

TERRY SLETTEN

Phone

6053531439

Tax Period

2024-03-01 to 2025-02-28

SOUTH DAKOTA ASSOCIATION OF TOWNS AND TOWNSHIPS, founded in 1979, is a small nonprofit that reported $274K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $262K left a modest 4% surplus.

Mission

RESEARCH AND EDUCATION

Program Service Accomplishments

Program 1

Expenses: $211,403 Revenue: $154,270

CONDUCT RESEARCH & EDUCATIONAL PROGRAMS FOR MEMBERS OF SMALL TOWNS AND TOWNSHIP GOVERNMENTS TO FOSTER DELIVERY OF EFFICIENT, EFFECTIVE, AND ECONOMIC GOVERNMENT SERVICES.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $236,527

Investment Income $21,345

Other Revenue $15,645

TOTAL REVENUE $273,517

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,695

Fundraising Expenses $0

Program Expenses $211,403

Other Expenses $186,337

TOTAL EXPENSES $262,032

Year-over-Year Comparison

	2024	2023	Change
Revenue	$273,517	$299,967	-0.1%
Expenses	$262,032	$218,719	+0.2%
Net Income	$11,485	$81,248	-0.9%

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

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

$11,125

Total Directors

$22,475

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER FAHLBERG	PRESIDENT	1.00	Officer Director	$3,400	$0	$3,400
TRAVIS PAULSON	SECRETARY	1.00	Officer Director	$3,100	$0	$3,100
DUSTIN LEISETH	VICE PRESIDE	1.00	Officer Director	$2,525	$0	$2,525
JIM URBAN	DIRECTOR	1.00	Director	$2,250	$0	$2,250
VICKY OLSEN	TREASURER	1.00	Officer Director	$2,100	$0	$2,100
MIKE VANDE WEERD	DIRECTOR	1.00	Director	$2,075	$0	$2,075
ROD HOFER	DIRECTOR	1.00	Director	$1,775	$0	$1,775
BRENDA BAWDON	DIRECTOR	1.00	Director	$1,575	$0	$1,575
STEVEN MUNK	DIRECTOR	1.00	Director	$1,575	$0	$1,575
MATT CAVENEE	DIRECTOR	1.00	Director	$1,350	$0	$1,350
JAMES KUNKLE	DIRECTOR	1.00	Director	$750	$0	$750

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	$273,517	$262,032	$714,027	$11,485
2024	$299,967	$218,719	$702,658	$81,248
2023	$227,020	$178,840	$603,818	$48,180
2022	$184,330	$173,072	$542,826	$11,258
2021	$166,051	$140,455	$519,911	$25,596
2020	$218,200	$195,128	$520,882	$23,072
2019	$237,593	$160,419	$471,225	$77,174

SOUTH DAKOTA ASSOCIATION OF TOWNS AND TOWNSHIPS