SOUTH DAKOTA STATE MEDICAL ASSOCIATION FOUNDATION (EIN 466012680) - 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

1949

Legal Domicile

Principal Officer

BARB SMITH

Phone

6053361965

Tax Period

2024-01-01 to 2024-12-31

SOUTH DAKOTA STATE MEDICAL ASSOCIATION FOUNDATION, founded in 1949, is a small nonprofit in the Education sector that reported $225K in total revenue in fiscal year 2018. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $59K, a strong 26% operating margin.

Mission

TO AID AND SUPPORT MEDICAL RESEARCH, TEACHING AND EDUCATION. THE FOUNDATION GRANTS STUDENT SPONSORSHIPS TO THOSE PURSUING A MEDICAL EDUCATION AND GRANTS MONIES TO THE UNIVERSITY OF SOUTH DAKOTA SANFORD SCHOOL OF MEDICINE TO MATCH GRANTS RECEIVED.

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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 $53,182

Program Service Revenue $3,846

Investment Income $483,690

Other Revenue $0

TOTAL REVENUE $540,718

Expense Breakdown

Grants Paid $69,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $69,500

Other Expenses $73,964

TOTAL EXPENSES $143,464

Year-over-Year Comparison

	2024	2023	Change
Revenue	$540,718	$489,988	+0.1%
Expenses	$143,464	$130,802	+0.1%
Net Income	$397,254	$359,186	+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

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
BARB SMITH	CEO OF SDSMA	N/A	Officer	$0	$0	$0
LUCIO MARGALLO II MD	PRESIDENT	N/A	Officer Director	$0	$0	$0
JENNIFER TINGUELY MD	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
BRIAN WILSON DO	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
KEITH HANSON MD	DIRECTOR	N/A	Director	$0	$0	$0
JENNIFER MAY MD	DIRECTOR	N/A	Director	$0	$0	$0
MARY J MILROY MD	DIRECTOR	N/A	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	$540,718	$143,464	$6,891,369	$397,254
2023	$489,988	$130,802	$6,379,643	$359,186
2022	$335,867	$147,178	$5,464,460	$188,689
2021	$635,168	$165,285	$6,493,597	$469,883
2020	$457,670	$335,119	$5,918,503	$122,551
2019	$296,994	$143,401	$5,468,397	$153,593
2018	$224,653	$165,521	$4,740,732	$59,132

SOUTH DAKOTA STATE MEDICAL ASSOCIATION FOUNDATION