SOUTH DAKOTA ASSOCIATION OF REALTO… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Principal Officer

MICHELLE KLEVEN

Phone

6052240554

Tax Period

2024-01-01 to 2024-12-31

SOUTH DAKOTA ASSOCIATION OF REALTORS INC, founded in 1981, is a small nonprofit in the Community Improvement sector that reported $987K in total revenue in fiscal year 2024. The organization ran a surplus of $189K, a strong 19% operating margin.

Mission

AS THE VOICE FOR REAL ESTATE, THE SOUTH DAKOTA ASSOCIATION OF REALTORS SERVES ITS LOCAL BOARDS AND ALL MEMBERS BY PROVIDING TIMELY INFORMATION, QUALITY EDUCATION, POLITICAL ADVOCACY AND PROMOTING THE REALTOR IMAGE AND CODE OF ETHICS.

Program Service Accomplishments

Program 1

Expenses: $296,987 Revenue: $180,549

TO UNITE REAL ESTATE LICENSEES IN THE STATE OF SOUTH DAKOTA TO PROMOTE HIGH STANDARDS OF CONDUCT AND ENCOURAGE CONTINUING EDUCATION AMONG MEMBERS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $785,005

Program Service Revenue $180,549

Investment Income $19,761

Other Revenue $1,758

TOTAL REVENUE $987,073

Expense Breakdown

Grants Paid $0

Salaries & Benefits $325,905

Fundraising Expenses $0

Program Expenses $296,987

Other Expenses $471,994

TOTAL EXPENSES $797,899

Year-over-Year Comparison

	2024	2023	Change
Revenue	$987,073	$956,119	+0.0%
Expenses	$797,899	$805,280	0.0%
Net Income	$189,174	$150,839	+0.3%

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

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

$160,689

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE KLEVEN	EXECUTIVE VI	40.00	Officer	$136,000	$24,689	$160,689
CARMEN ALLBEE	DIRECTOR	1.00	Director	$0	$0	$0
STEVE ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
LYNSEY BALDERRAMOS	DIRECTOR	1.00	Director	$0	$0	$0
JAIMA KNUTSON COLSON	DIRECTOR	1.00	Director	$0	$0	$0
LISA DIROSE	DIRECTOR	1.00	Director	$0	$0	$0
MARIE FAULK	DIRECTOR	1.00	Director	$0	$0	$0
AMY FRINK	DIRECTOR	1.00	Director	$0	$0	$0
JOE GREEN	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY HANDCOCK	DIRECTOR	1.00	Director	$0	$0	$0
BUD HANNAH	DIRECTOR	1.00	Director	$0	$0	$0
BRANDY HARTMAN	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN HARVEY	DIRECTOR	1.00	Director	$0	$0	$0
STRATTON HAVLIK	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE HEIDEBRINK	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
TONY HENSLEY	DIRECTOR	1.00	Director	$0	$0	$0
ALAN HESS	DIRECTOR	1.00	Director	$0	$0	$0
DOREEN HOIUM	DIRECTOR	1.00	Director	$0	$0	$0
DAN JACOBSEN	DIRECTOR	1.00	Director	$0	$0	$0
NANCY JARK	PRESIDENT	1.00	Officer Director	$0	$0	$0
LORNA JOHNSTON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID KNEIP	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN KUEHN	DIRECTOR	1.00	Director	$0	$0	$0
KYLE LALIM	DIRECTOR	1.00	Director	$0	$0	$0
JULIE LARSON	DIRECTOR	1.00	Director	$0	$0	$0
MEREDITH LEE	DIRECTOR	1.00	Director	$0	$0	$0
LARRY LUETKE	DIRECTOR	1.00	Director	$0	$0	$0
LARISSA LUTHER	DIRECTOR	1.00	Director	$0	$0	$0
TONYA MADSEN	DIRECTOR	1.00	Director	$0	$0	$0
RENEE MAGUIRE	DIRECTOR	1.00	Director	$0	$0	$0
STUART MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
CHEYENNE MCGRIFF	DIRECTOR	1.00	Director	$0	$0	$0
BRECK MILLER	DIRECTOR	1.00	Director	$0	$0	$0
LISA MUELLER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
PAT MURTHA	DIRECTOR	1.00	Director	$0	$0	$0
JONI NAPTON	DIRECTOR	1.00	Director	$0	$0	$0
KAYE O'NEAL	DIRECTOR	1.00	Director	$0	$0	$0
KATE PATRICK	DIRECTOR	1.00	Director	$0	$0	$0
TARA PORTILLO	DIRECTOR	1.00	Director	$0	$0	$0
EMILIE PORTZ	DIRECTOR	1.00	Director	$0	$0	$0
JACKIE PROUTY	DIRECTOR	1.00	Director	$0	$0	$0
CASEY RAFTEVOLD	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA RONNING	DIRECTOR	1.00	Director	$0	$0	$0
SETH SAYLER	DIRECTOR	1.00	Director	$0	$0	$0
TARRAH SONNENSCHEIN	DIRECTOR	1.00	Director	$0	$0	$0
PHELAN STAHL	DIRECTOR	1.00	Director	$0	$0	$0
TYLER SUTTON	DIRECTOR	1.00	Director	$0	$0	$0
DAWN TASSLER	DIRECTOR	1.00	Director	$0	$0	$0
ABBY THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
KERRY TRIMBLE-WOEHL	DIRECTOR	1.00	Director	$0	$0	$0
SAMANTHA TROOIEN	DIRECTOR	1.00	Director	$0	$0	$0
JASON TYSDAL	DIRECTOR	1.00	Director	$0	$0	$0
MICAH VOLMER	DIRECTOR	1.00	Director	$0	$0	$0
MARCUS WALGRAVE	DIRECTOR	1.00	Director	$0	$0	$0
MARTY WILCOX	PRESIDENT EL	1.00	Officer Director	$0	$0	$0
CRYSTAL WILES	DIRECTOR	1.00	Director	$0	$0	$0
CLAY WILHELM	DIRECTOR	1.00	Director	$0	$0	$0
CALLIE WOCKENFUSS	DIRECTOR	1.00	Director	$0	$0	$0
JACK ZIKA	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	$987,073	$797,899	$3,153,056	$189,174
2023	$956,119	$805,280	$2,997,219	$150,839
2022	$875,738	$701,190	$3,036,367	$174,548
2021	$875,802	$672,334	$3,004,733	$203,468
2020	$752,407	$512,103	$2,797,051	$240,304
2019	$790,753	$661,046	$2,608,895	$129,707
2018	$872,180	$633,860	$2,528,051	$238,320

SOUTH DAKOTA ASSOCIATION OF REALTORS INC