UNIVERSITY OF SOUTH DAKOTA RESEARCH PARK INC (EIN 462693612) - 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

2012

Legal Domicile

Principal Officer

RYAN OINES

Phone

6052758010

Tax Period

2024-01-01 to 2024-12-31

UNIVERSITY OF SOUTH DAKOTA RESEARCH PARK INC, founded in 2012, is a small nonprofit in the Education sector that reported $667K in total revenue in fiscal year 2018. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $584K left a modest 12% surplus.

Mission

TO GROW UNIVERSITY RESEARCH CAPACITY, RESOURCES AND TALENT AND CONNECT CORE UNIVERSITY ACTIVITIES WITH PRIVATE SECTOR RESOURCES AND COMPANIES.

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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 $10,029,714

Program Service Revenue $0

Investment Income $244,407

Other Revenue $99,105

TOTAL REVENUE $10,373,226

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $265,628

Other Expenses $306,031

TOTAL EXPENSES $306,031

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,373,226	$3,795,139	+1.7%
Expenses	$306,031	$234,434	+0.3%
Net Income	$10,067,195	$3,560,705	+1.8%

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

$453,719

Total Directors

$779,514

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHEILA GESTRING	CHAIR	0.10	Officer Director	$0	$42,513	$453,719
JAMES ABBOTT	INTERIM PRESIDENT	20.00	Director	$0	$0	$0
DEB PETERS	TREASURER	0.20	Officer Director	$0	$0	$0
MARK MICKELSON	DIRECTOR	0.10	Director	$0	$0	$0
KIM PATRICK	DIRECTOR	0.10	Director	$0	$0	$0
PAUL TENHAKEN	DIRECTOR	0.10	Director	$0	$0	$0
TIM RAVE	DIRECTOR	0.10	Director	$0	$0	$0
BOBBIE TIBBETTS	DIRECTOR	0.10	Director	$0	$0	$0
KATHRYN POHLSON	DIRECTOR (BEG MAY 2024)	0.10	Director	$0	$0	$0
MATT MICHELS	DIRECTOR	0.10	Director	$0	$0	$0
NATHAN LUKKES	DIRECTOR	0.10	Director	$0	$40,499	$325,795
NATHAM PETERSON	DIRECTOR (UNTIL MAR 2024)	0.10	Director	$0	$0	$0
RYAN OINES	CHIEF OPERATING OFFICER	40.00	Officer	$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	$10,373,226	$306,031	$22,733,061	$10,067,195
2023	$3,795,139	$234,434	$12,986,266	$3,560,705
2022	$4,700,103	$171,926	$7,803,121	$4,528,177
2021	$721,045	$330,560	$3,272,091	$390,485
2020	$1,539,657	$1,082,661	$3,041,960	$456,996
2019	$2,750,690	$2,388,731	$8,833,001	$361,959
2018	$667,188	$584,414	$2,139,331	$82,774

UNIVERSITY OF SOUTH DAKOTA RESEARCH PARK INC