SOUTH DAKOTA STATE FAIR FOUNDATION (EIN 460425814) - 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

PEGGY BESCH

Phone

6053537340

Tax Period

2024-01-01 to 2024-12-31

SOUTH DAKOTA STATE FAIR FOUNDATION, founded in 1994, is a community nonprofit in the Community Improvement sector that reported $2.8M in total revenue in fiscal year 2021. The organization ran a surplus of $2.7M, a strong 99% operating margin.

Mission

TO SUPPORT ACTIVITIES DESIGNED TO ENHANCE, IMPROVE, EXPAND AND CONTINUE THE SOUTH DAKOTA STATE FAIR AS AN AGRICULTURAL, EDUCATIONAL, DEVELOPMENTAL AND ENTERTAINMENT VENUE IN THE STATE

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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 $1,986,465

Program Service Revenue $0

Investment Income $37,505

Other Revenue $250

TOTAL REVENUE $2,024,220

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $729,922

Other Expenses $730,061

TOTAL EXPENSES $730,061

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,024,220	$1,553,389	+0.3%
Expenses	$730,061	$5,277,792	-0.9%
Net Income	$1,294,159	$-3,724,403	-1.3%

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
RITA ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN BELL	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT CORDTS	TREASURER	1.00	Officer Director	$0	$0	$0
RODNEY FREEMAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SHERMAN GOSE	DIRECTOR	1.00	Director	$0	$0	$0
BARRY MACK	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DENISE MUNTEFERING	DIRECTOR	1.00	Director	$0	$0	$0
FARON WAHL	DIRECTOR	1.00	Director	$0	$0	$0
JIM WHITE	DIRECTOR	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
2024	$2,024,220	$730,061	$2,486,479	$1,294,159
2023	$1,553,389	$5,277,792	$1,195,022	$-3,724,403
2022	$1,957,283	$14,385	$4,919,425	$1,942,898
2021	$2,779,835	$38,486	$2,976,527	$2,741,349

SOUTH DAKOTA STATE FAIR FOUNDATION