SOUTH DAKOTA FARMERS UNION FOUNDATI

EIN: 460459143 501(c)(3) Education

HURON, SD

Total Revenue
$70,679
Total Expenses
$140,831
Total Assets
$941,403
Net Assets
$941,359
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
SD
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 micro nonprofit in the Education sector that reported $71K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $141K exceeded revenue, resulting in a 99% operating deficit.

Mission

TO PROVIDE MEMBER EDUCATION OPPORTUNITIES IN THE AREAS OF AGRICULTURE AND COOPERATIVE ORGANIZATIONS.

Program Service Accomplishments

Program 1
Expenses: $129,912

MONIES FROM THE FOUNDATION ARE USED TO FUND EDUCATIONAL OPPORTUNITIES PRIMARILY IN THE AREAS OF AGRICULTURE AND COOPERATIVE ORGANIZATIONS.

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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%)

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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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Governance

Voting Members
10
Independent Members
9
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
3
$332,406
Total Directors
10
$363,456
Key Employees
0
$0
Highest Compensated
0
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
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