SOUTH DAKOTA BANKERS BENEFIT PLAN TRUST (EIN 464332220) - 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

2014

Legal Domicile

Principal Officer

DAVID KING

Phone

6056602341

Tax Period

2023-01-01 to 2023-12-31

SOUTH DAKOTA BANKERS BENEFIT PLAN TRUST, founded in 2014, is a mid-sized nonprofit in the Mutual Benefit sector that reported $13.4M in total revenue in fiscal year 2018.

Mission

THE PRIMARY PURPOSE OF THIS TAX-EXEMPT IRC SECTION 501(C)(9) VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION ("VEBA") IS TO PROVIDE FOR THE PAYMENT OF HEALTH BENEFITS TO ITS MEMBERS.

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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 $0

Program Service Revenue $20,558,423

Investment Income $290,283

Other Revenue $250,114

TOTAL REVENUE $21,098,820

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $19,530,395

Other Expenses $1,577,994

TOTAL EXPENSES $19,530,395

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,098,820	$19,894,999	+0.1%
Expenses	$19,530,395	$19,650,178	0.0%
Net Income	$1,568,425	$244,821	+5.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID KING	CHAIRMAN	3.00	Director	$0	$0	$0
GEORGE KENZY	DIRECTOR	1.50	Director	$0	$0	$0
DEAN DREESSEN	CO-CHAIRMAN	1.00	Director	$0	$0	$0
MARK LAW	SECRETARY	1.00	Director	$0	$0	$0
JOSEPH ANGLIN	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	No data	No data	No data	No data
2023	$21,098,820	$19,530,395	$13,140,277	$1,568,425
2022	$19,894,999	$19,650,178	$9,798,535	$244,821
2021	$20,987,346	$19,248,611	$10,846,248	$1,738,735
2020	$15,917,774	$16,330,155	$13,825,522	$-412,381
2019	$15,407,834	$12,733,963	$9,771,426	$2,673,871
2018	$13,415,334	$13,434,207	$6,349,524	$-18,873

SOUTH DAKOTA BANKERS BENEFIT PLAN TRUST