SOUTH DAKOTA FARMHOUSE ASSOCIATION (EIN 466017040) - 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

1966

Legal Domicile

Tax Period

2024-09-01 to 2025-08-31

SOUTH DAKOTA FARMHOUSE ASSOCIATION, founded in 1966, is a small nonprofit in the Education sector that reported $180K in total revenue in fiscal year 2017. Revenue decreased 19% compared to the prior year. Expenses of $216K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROVIDE HOUSING FOR THE SOUTH DAKOTA STATE UNIVERSITY CHAPTER OF FARMHOUSE FRATERNITY, TO PROVIDE SOCIAL EVENTS FOR CHAPTER ALUMNI, AND TO PROVIDE GUIDANCE TO THE UNDERGRADUATE CHAPTER.

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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 $0

Program Service Revenue $185,000

Investment Income $7,136

Other Revenue $0

TOTAL REVENUE $192,136

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $100

Program Expenses $238,397

Other Expenses $240,896

TOTAL EXPENSES $240,896

Year-over-Year Comparison

	2024	2023	Change
Revenue	$192,136	N/A	N/A
Expenses	$240,896	N/A	N/A
Net Income	$-48,760	N/A	N/A

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

N/A

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
CRAIG DYBEDAHL	MEMBER	1.00	Director	$0	$0	$0
LUKE WEBER	MEMBER	1.00	Director	$0	$0	$0
TIM WOLLES	MEMBER	1.00	Director	$0	$0	$0
ETHAN JOHNSON	MEMBER	1.00	Director	$0	$0	$0
MATT DAHLE	MEMBER	1.00	Director	$0	$0	$0
JEREMY NOEM	MEMBER	1.00	Director	$0	$0	$0
ALAN MEIER	PRESIDENT	1.00	Officer Director	$0	$0	$0
LOGAN TESCH	SECRETARY	1.00	Officer Director	$0	$0	$0
CRAIG WEBER	TREASURER	3.00	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	$192,136	$240,896	$1,384,728	$-48,760
2024	$186,028	$190,807	$1,470,674	$-4,779
2023	$175,188	$223,475	$1,517,445	$-48,287
2022	$166,382	$202,921	$1,608,951	$-36,539
2021	$173,885	$210,081	$1,682,624	$-36,196
2020	$187,016	$204,397	$1,826,640	$-17,381
2019	$180,940	$230,658	$1,871,809	$-49,718
2018	$180,088	$216,456	$1,941,358	$-36,368

SOUTH DAKOTA FARMHOUSE ASSOCIATION