SIOUX FALLS CARES INC (EIN 460450382) - 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

1991

Legal Domicile

Principal Officer

JASON APPEL

Phone

6053517443

Tax Period

2024-01-01 to 2024-12-31

SIOUX FALLS CARES INC, founded in 1991, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $213K in total revenue in fiscal year 2018. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $46K, a strong 21% operating margin.

Mission

TO PROVIDE FOOD, CLOTHING, TOYS AND OTHER MISCELLANEOUS ITEMS TO FAMILIES IN NEED.

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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 $309,597

Program Service Revenue $0

Investment Income $15,674

Other Revenue $0

TOTAL REVENUE $325,271

Expense Breakdown

Grants Paid $224,245

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $228,410

Other Expenses $6,219

TOTAL EXPENSES $230,464

Year-over-Year Comparison

	2024	2023	Change
Revenue	$325,271	$273,806	+0.2%
Expenses	$230,464	$184,933	+0.2%
Net Income	$94,807	$88,873	+0.1%

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

750

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
JASON APPEL	PRESIDENT	2.00	Officer Director	$0	$0	$0
TAMME BERDAHL	VICE PRESIDENT/SECRETARY	2.00	Officer Director	$0	$0	$0
NICHOELLE WALDNER	TREASURER	2.00	Officer Director	$0	$0	$0
JOAN MILLAGE	DIRECTOR	1.00	Director	$0	$0	$0
MIKE HEINEMAN	DIRECTOR	1.00	Director	$0	$0	$0
RICK MCKINNEY	DIRECTOR	1.00	Director	$0	$0	$0
KIM BURMA	DIRECTOR	1.00	Director	$0	$0	$0
ERIC ELLEFSON	DIRECTOR	1.00	Director	$0	$0	$0
ERICA KRUSE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HEDRICK	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW SCHMIDT	DIRECTOR	1.00	Director	$0	$0	$0
TOM WALSH JR	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	$325,271	$230,464	$871,413	$94,807
2023	$273,806	$184,933	$769,437	$88,873
2022	$398,700	$200,771	$669,291	$197,929
2021	$280,046	$227,832	$492,701	$52,214
2020	$257,813	$197,808	$431,757	$60,005
2019	$234,690	$152,435	$371,752	$82,255
2018	$213,357	$167,678	$289,497	$45,679

SIOUX FALLS CARES INC