SOUTH DAKOTA FARMERS UNION FOUNDATI (EIN 460459143) - 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

1999

Legal Domicile

Principal Officer

DOUG SOMBKE

Phone

6053526761

Tax Period

2023-01-01 to 2023-12-31

SOUTH DAKOTA FARMERS UNION FOUNDATI, founded in 1999, is a small nonprofit in the Education sector that reported $148K in total revenue in fiscal year 2018. Expenses of $142K left a modest 4% surplus.

Mission

TO PROVIDE MEMBER EDUCATION OPPORTUNITIES THROUGH CONDUCTING YOUTH CAMPS AND PROVIDING SCHOLARSHIPS TO MEMBERS PURSUING A CAREER IN AGRICULTURE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $29,052

Program Service Revenue $0

Investment Income $12,549

Other Revenue $29,078

TOTAL REVENUE $70,679

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $129,912

Other Expenses $140,831

TOTAL EXPENSES $140,831

Year-over-Year Comparison

	2023	2022	Change
Revenue	$70,679	$138,570	-0.5%
Expenses	$140,831	$198,964	-0.3%
Net Income	$-70,152	$-60,394	+0.2%

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

$332,406

Total Directors

$363,456

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG SOMBKE	PRESIDENT	1.00	Officer Director	$0	$3,995	$190,635
KARLA HOFHENKE	SECRETARY-TR	1.00	Officer Director	$0	$33,294	$137,571
GAIL TEMPLE	DIRECTOR	0.10	Director	$0	$0	$6,000
SCOTT KOLOUSEK	DIRECTOR	0.10	Director	$0	$0	$5,250
OREN LESMEISTER	DIRECTOR	0.10	Director	$0	$0	$4,800
DAVID REIS	DIRECTOR	0.10	Director	$0	$0	$4,500
CHAD JOHNSON	DIRECTOR	0.10	Director	$0	$0	$4,200
WAYNE SOREN	VICE PRESIDE	0.10	Officer Director	$0	$0	$4,200
DALLIS BASEL	DIRECTOR	0.10	Director	$0	$0	$3,600
LARRY BIRGEN	DIRECTOR	0.10	Director	$0	$0	$2,700

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	No data	No data	No data	No data
2023	$70,679	$140,831	$941,403	$-70,152
2022	$138,570	$198,964	$1,092,180	$-60,394
2021	$795,328	$200,133	$1,093,634	$595,195
2020	$179,259	$168,609	$477,946	$10,650
2019	$357,844	$246,112	$455,349	$111,732
2018	$148,188	$142,102	$342,069	$6,086

SOUTH DAKOTA FARMERS UNION FOUNDATI