SOUTH DAKOTA CROP IMPROVMENT ASSOC… - 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

1925

Legal Domicile

Principal Officer

KYLE GUSTAFSON

Phone

6056884606

Tax Period

2024-10-01 to 2025-09-30

SOUTH DAKOTA CROP IMPROVMENT ASSOCIATION, founded in 1925, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 13% operating deficit.

Mission

THE MISSION OF THE ASSOCIATION IS TO BE THE EFFECTIVE VOICE OF ACTION IN ALL ASPECTS OF PRODUCING AND MARKETING AGRICULTURAL CROPS, INCLUDING THE PROMOTION OF AGRICULTURAL RESEARCH AND EDUCATION OF MEMBERS WITH AN ULTIMATE MOTIVE TO FOSTER A MORE STABLE AGRICULTURE FOR THE STATE OF SOUTH DAKOTA.

Program Service Accomplishments

Program 1

Expenses: $1,440,096 Revenue: $286,205

SEED CERTIFICATION IS A PRIMARY FUNCTION OF THE ASSOCIATION. THE ASSOCIATION INSPECTS SEED PRODUCERS' FIELDS AND SEED PROCESSORS' FACILITIES TO ENSURE THAT CERTIFIED SEED IS GROWN AND HANDLED...

SEED CERTIFICATION IS A PRIMARY FUNCTION OF THE ASSOCIATION. THE ASSOCIATION INSPECTS SEED PRODUCERS' FIELDS AND SEED PROCESSORS' FACILITIES TO ENSURE THAT CERTIFIED SEED IS GROWN AND HANDLED PROPERLY. THE ASSOCIATION COLLECTS SALES FEES AND ROYALTIES WHEN CERTIFIED SEED IS SOLD IN THE STATE OF SOUTH DAKOTA. THE ASSOCIATION ALSO COLLECTS FROM AND REMITS THESE FEES AND ROYALTIES TO SIMILAR ORGANIZATIONS IN NEIGHBORING STATES TO SOUTH DAKOTA.

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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 $0

Program Service Revenue $452,752

Investment Income $67,723

Other Revenue $752,090

TOTAL REVENUE $1,272,565

Expense Breakdown

Grants Paid $419,175

Salaries & Benefits $213,047

Fundraising Expenses $0

Program Expenses $1,440,096

Other Expenses $807,874

TOTAL EXPENSES $1,440,096

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,272,565	$1,342,925	-0.1%
Expenses	$1,440,096	$1,108,572	+0.3%
Net Income	$-167,531	$234,353	-1.7%

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
JESS SONDERGOTH	PRESIDENT	0.50	Officer Director	$0	$0	$0
STEVE KUECKER	VICE-PRESIDENT	0.50	Officer Director	$0	$0	$0
DREW REUMAN	DIRECTOR	0.50	Director	$0	$0	$0
LARON KRAUSE	DIRECTOR	0.50	Director	$0	$0	$0
RYAN VAN TASSELL	DIRECTOR	0.50	Director	$0	$0	$0
JONAS LYNCH	DIRECTOR	0.50	Director	$0	$0	$0
TRENT KUBIK	DIRECTOR	0.50	Director	$0	$0	$0
LARRY YMKER	DIRECTOR	0.50	Director	$0	$0	$0
JESSE WITTLER	DIRECTOR	0.50	Director	$0	$0	$0
FRED ZENK	DIRECTOR	0.50	Director	$0	$0	$0
KYLE GUSTAFSON	EXECUTIVE DIRECTOR	40.00	Officer 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
2025	$1,272,565	$1,440,096	$5,790,192	$-167,531
2024	$1,342,925	$1,108,572	$5,836,102	$234,353
2023	$1,257,619	$1,455,622	$5,460,475	$-198,003
2022	$1,175,947	$1,261,844	$5,345,554	$-85,897
2021	$1,849,787	$1,003,974	$5,823,643	$845,813
2020	$1,122,743	$971,502	$5,396,969	$151,241
2019	$1,149,203	$1,177,516	$5,632,488	$-28,313
2018	$1,219,198	$1,052,920	$4,406,900	$166,278

SOUTH DAKOTA CROP IMPROVMENT ASSOCIATION