SOUTH DAKOTA INSURANCE GUARANTY (EIN 466035349) - 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

1970

Legal Domicile

Principal Officer

JIM DAVIDSON

Phone

6052759599

Tax Period

2024-01-01 to 2024-12-31

SOUTH DAKOTA INSURANCE GUARANTY ASSOCIATION, founded in 1970, is a small nonprofit that reported $362K in total revenue in fiscal year 2018. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $620K exceeded revenue, resulting in a 71% operating deficit.

Mission

PROVIDE BENEFITS TO INSURANCE POLICY HOLDERS OF INSOLVENT INSURANCE COMPANIES

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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 $415,671

Investment Income $152,047

Other Revenue $0

TOTAL REVENUE $567,718

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,127,039

TOTAL EXPENSES $1,127,039

Year-over-Year Comparison

	2024	2023	Change
Revenue	$567,718	$334,193	+0.7%
Expenses	$1,127,039	$1,466,158	-0.2%
Net Income	$-559,321	$-1,131,965	-0.5%

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

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
JIM DAVIDSON	CHAIRMAN	4.00	Officer Director	$0	$0	$0
STEVE BRUNING	TREASURER	1.00	Officer Director	$0	$0	$0
MELVIN JURAN	SECRETARY	1.00	Officer Director	$0	$0	$0
JEFF JONES	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN BOWKER	DIRECTOR	1.00	Director	$0	$0	$0
ROB HOVLAND	DIRECTOR	1.00	Director	$0	$0	$0
ANN PAR	DIRECTOR	1.00	Director	$0	$0	$0
EDWIN EVANS	MANAGING SECRETARY	4.00	Officer	$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	$567,718	$1,127,039	$7,299,419	$-559,321
2023	$334,193	$1,466,158	$7,858,740	$-1,131,965
2022	$177,209	$306,307	$8,990,705	$-129,098
2021	$2,196,992	$682,755	$9,119,803	$1,514,237
2020	$614,102	$624,021	$7,605,566	$-9,919
2019	$1,299,530	$592,583	$7,474,195	$706,947
2018	$361,837	$620,048	$6,767,248	$-258,211

SOUTH DAKOTA INSURANCE GUARANTY