EAST DAKOTA TRANSIT INC

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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

Legal Domicile

Principal Officer

JIM IVERSON

Phone

6054800501

Tax Period

2024-10-01 to 2025-09-30

EAST DAKOTA TRANSIT INC is a small nonprofit in the Public & Societal Benefit sector that reported $230K in total revenue in fiscal year 2024.

Mission

TO PROVIDE SUBSIDIZED PUBLIC TRANSPORTATION IN AND AROUND MADISON, SD

Program Service Accomplishments

Program 1

Expenses: $248,281

EAST DAKOTA TRANSIT PROVIDES RIDES TO THE PUBLIC INCLUDING THE ELDERLY, DISABLED, CHILDREN & THOSE WHO REQUIRE A WHEELCHAIR LIFT.

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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 $227,153

Program Service Revenue $0

Investment Income $2,733

Other Revenue $0

TOTAL REVENUE $229,886

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $248,281

Other Expenses $248,281

TOTAL EXPENSES $248,281

Year-over-Year Comparison

	2024	2023	Change
Revenue	$229,886	$220,810	+0.0%
Expenses	$248,281	$272,185	-0.1%
Net Income	$-18,395	$-51,375	-0.6%

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

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
ASHLEY CURRY	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM IVERSON	CHAIR	1.00	Officer Director	$0	$0	$0
JOEL JORGENSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ROY LINDSAY	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
TERESA MALLETT	BOARD MEMBER	1.00	Director	$0	$0	$0
LOIS NIEDERT	BOARD MEMBER	1.00	Director	$0	$0	$0
DENNIS SLAUGHTER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DONNA UTHE	BOARD MEMBER	1.00	Director	$0	$0	$0
SIERRA YORK	BOARD MEMBER	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
2025	$229,886	$248,281	$157,696	$-18,395
2024	$220,810	$272,185	$195,604	$-51,375
2023	$200,727	$237,158	$208,950	$-36,431
2022	$216,408	$194,056	$245,381	$22,352
2021	$200,771	$163,216	$235,658	$37,555
2020	$232,906	$168,158	$198,103	$64,748
2019	$206,348	$223,096	$140,547	$-16,748
2018	$232,678	$199,487	$163,793	$33,191