DAKOTA RESOURCES

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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

1996

Legal Domicile

Principal Officer

JOE BARTMANN

Phone

6059782804

Tax Period

2024-01-01 to 2024-12-31

DAKOTA RESOURCES, founded in 1996, is a community nonprofit in the Religion sector that reported $4.9M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 39% operating margin.

Mission

DAKOTA RESOURCES IN CONNECTING CAPITAL AND CAPACITY TO EMPOWER RURAL COMMUNITIES. WE BELIEVE THAT LEADERSHIP CAPACITY AND ACCESS TO CAPITAL ARE KEY TO CREATING THE FUTURE OF RURAL. OUR PRODUCTS AND PROGRAMS ARE AIMED AT SUPPORTING RURAL CHANGE LEADERS AND ECONOMIC DEVELOPMENT ORGANIZATIONS TOWARD THRIVING COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $1,301,817 Revenue: $1,349,126

THROUGH COMMUNITY DEVELOPMENT LOAN PRODUCTS, DAKOTA RESOURCES HELPS BUILD THE FINANCIAL CAPACITY OF RURAL ECONOMIC DEVELOPMENT CORPORATIONS AND REVOLVING LOAN FUNDS. OUR CAPITAL INVESTMENT FUND (CIF) IS A $37.2 MILLION LENDING POOL MAKING FLEXIBLE CAPITAL AVAILABLE TO FINANCE LOCAL DEVELOPMENT PROJECTS. THE CIF WAS 94.7% DEPLOYED AT THE END OF 2024. IT IS A SIGNIFICANT SOURCE OF FLEXIBLE CAPITAL FOR RURAL ECONOMIC DEVELOPMENT CORPORATIONS AND REVOLVING LOAN FUNDS IN THE STATE, ALONG WITH RURAL CDFIS ACROSS THE NATION, PROVIDING REASONABLY PRICED, UNSECURED CAPITAL ON A TEN-YEAR INTEREST-ONLY TERM.DAKOTA RESOURCES RECEIVED A $10 MILLION ALLOCATION FROM USDA RURAL DEVELOPMENT UNDER THE COMMUNITY FACILITY RE-LENDING PROGRAM TO RE-LEND INTO ESSENTIAL COMMUNITY FACILITIES IN COMMUNITIES UNDER 20,000 ACROSS SOUTH DAKOTA. THROUGH THIS PROGRAM, DAKOTA RESOURCES HAS INVESTED $4.75 MILLION TO PROVIDE ESSENTIAL COMMUNITY FACILITIES IN RURAL SOUTH DAKOTA.DAKOTA RESOURCES RBEG LOAN FUND PROVIDES FLEXIBLE LOW-COST CAPITAL TO SECOND-STAGE SMALL BUSINESS OWNERS ACROSS THE STATE OF SOUTH DAKOTA.

Program 2

Expenses: $1,021,271 Revenue: $137,791

THROUGH CAPACITY BUILDING PROGRAMS, DAKOTA RESOURCES HELPS RURAL COMMUNITIES THRIVE THROUGH INNOVATIVE PROCESSES, TOOLS, TRAINING, AND RESOURCES. THE DEVELOPMENT SERVICES PROGRAMS ARE DESIGNED TO...

THROUGH CAPACITY BUILDING PROGRAMS, DAKOTA RESOURCES HELPS RURAL COMMUNITIES THRIVE THROUGH INNOVATIVE PROCESSES, TOOLS, TRAINING, AND RESOURCES. THE DEVELOPMENT SERVICES PROGRAMS ARE DESIGNED TO ENHANCE RURAL COMMUNITY AND ECONOMIC DEVELOPMENT LEADERSHIP DEVELOPMENT. THE DAKOTA RESOURCES LEARNING NETWORK IS DESIGNED TO HELP RURAL ECONOMIC DEVELOPMENT LEADERS CONNECT AND ENGAGE WITH ONE ANOTHER IN ORDER TO LEARN FASTER TOGETHER ABOUT TOPICS THAT MATTER MOST TO RURAL ECONOMIC AND COMMUNITY DEVELOPMENT, INCLUDING ENGAGING PEOPLE, SUPPORTING HOUSING DEVELOPMENT, SUPPORTING LOCAL BUSINESSES AND MANAGING LOCAL ECONOMIC DEVELOPMENT ORGANIZATIONS. THE LEARNING NETWORK INCLUDES: - LIVE/ON-DEMAND WEBINARS - IN-PERSON PEER-TO-PEER LEARNING CONFERENCES - WEEKLY ONLINE INTERACTIVE STORIES AND BEST PRACTICES - OPEN-SOURCE TOOLKITS AND RESOURCE LIBRARY OUR COMMUNITY COACHING PROGRAM HELPS RURAL COMMUNITY AND ECONOMIC DEVELOPMENT LEADERS TO LEVEL UP THEIR SKILLS TO EMPOWER LOCAL PEOPLE AND ORGANIZATIONS TO LEAD ACTION. ON-DEMAND COACHING SERVICES PROVIDE ACCESS TO CAPACITY-BUILDING TOOLS AND PROCESSES.

Program 3

Expenses: $89,488 Revenue: $880,640

DAKOTA RESOURCES OWNS 51% OF DAKOTAS AMERICA, LLC, WHICH WAS FORMED THROUGH A JOINT VENTURE SOLELY FOR THE PURPOSE OF APPLYING FOR ALLOCATIONS OF NEW MARKETS TAX CREDITS (NMTC) FROM THE US DEPARTMENT OF TREASURY CDFI FUND. DAKOTAS AMERICA, LLC IS A RURAL COMMUNITY DEVELOPMENT ENTITY (CDE) WITH A NATIONAL SERVICE AREA. THE MISSION IS TO PROVIDE NMTC INVESTMENT TO THE MOST ISOLATED, DISTRESSED AND UNDERSERVED AREAS OF THE UNITED STATES. DAKOTA RESOURCES HAS A MANAGEMENT AGREEMENT IN PLACE TO MANAGE DAKOTAS AMERICA THROUGH DECEMBER 31, 2024. SINCE INCEPTION, DAKOTAS AMERICA HAS BEEN AWARDED SEVEN ALLOCATIONS OF AUTHORITY TO ISSUE $460,000,000 OF QUALIFIED EQUITY INVESTMENTS (QEI).

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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 $2,280,042

Program Service Revenue $2,367,557

Investment Income $296,654

Other Revenue $1,500

TOTAL REVENUE $4,945,753

Expense Breakdown

Grants Paid $3,040

Salaries & Benefits $1,326,048

Fundraising Expenses $10,939

Program Expenses $2,412,576

Other Expenses $1,701,358

TOTAL EXPENSES $3,030,446

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,945,753	$3,906,257	+0.3%
Expenses	$3,030,446	$2,880,749	+0.1%
Net Income	$1,915,307	$1,025,508	+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

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

$330,682

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK LITTON	CHAIR	2.00	Officer Director	$0	$0	$0
HEIDI ZELLER-CRAWFORD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JUSTIN GRAY	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
CALEB FINCK	BOARD MEMBER	0.50	Director	$0	$0	$0
GARRETT SCHWEITZER	BOARD MEMBER	0.50	Director	$0	$0	$0
JACQSON COLLINS	BOARD MEMBER	0.50	Director	$0	$0	$0
LISA CARRICO	BOARD MEMBER	0.50	Director	$0	$0	$0
CONNIE HALVERSON	BOARD MEMBER	0.50	Director	$0	$0	$0
PATRI ACEVEDO FUENTES	BOARD MEMBER	0.50	Director	$0	$0	$0
LINDA SALMONSON	BOARD MEMBER	0.50	Director	$0	$0	$0
RYAN MULDER	BOARD MEMBER	0.50	Director	$0	$0	$0
SKYA DUCHENEAUX	BOARD MEMBER	0.50	Director	$0	$0	$0
LYNN KENDALL	BOARD MEMBER	0.50	Director	$0	$0	$0
BRYAN BREITLING	BOARD MEMBER	0.50	Director	$0	$0	$0
TANYA OLSON	BOARD MEMBER	0.50	Director	$0	$0	$0
ERICA STONE	BOARD MEMBER (NOV-DEC)	0.50	Director	$0	$0	$0
JOE BARTMANN	PRESIDENT	40.00	Officer	$191,022	$12,734	$203,756
LORA WADKINS	DIRECTOR OF COMPLIANCE, CONTROLLER	40.00	Officer	$106,406	$20,520	$126,926
KRISTI WAGNER - DIRECTOR OF	ORGANIZATION RELATIONSHIPS & COMMUNITY COACH	40.00	Highest	$136,116	$25,766	$161,882

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	$4,945,753	$3,030,446	$41,469,725	$1,915,307
2023	$3,906,257	$2,880,749	$37,820,783	$1,025,508
2022	$2,438,799	$2,494,618	$32,660,027	$-55,819
2021	$4,179,502	$2,317,820	$30,186,336	$1,861,682
2020	$4,259,846	$2,278,921	$27,726,406	$1,980,925
2019	$3,661,518	$2,463,420	$29,953,385	$1,198,098
2018	$3,326,438	$2,109,954	$22,378,540	$1,216,484