YELLOW JACKET FOUNDATION

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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

1974

Legal Domicile

Phone

6056426385

Tax Period

2023-01-01 to 2023-12-31

YELLOW JACKET FOUNDATION, founded in 1974, is a community nonprofit that reported $6.9M in total revenue in fiscal year 2023. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.9M, a strong 72% operating margin.

Mission

TO SUPPORT STUDENT ATHLETES BY FUNDING ATHLETIC SCHOLARSHIPS AND IMPROVING ATHLETIC FACILITIES.

Program Service Accomplishments

Program 1

Expenses: $1,805,291

THROUGH VARIOUS ENDEAVORS, THE YELLOW JACKET FOUNDATION FUNDS ALL ATHLETIC SCHOLARSHIPS GIVEN TO BLACK HILLS STATE STUDENT ATHLETES. THE FOUNDATION ALSO PROVIDES SUPPORT TO THE VARIOUS ATHLETIC...

THROUGH VARIOUS ENDEAVORS, THE YELLOW JACKET FOUNDATION FUNDS ALL ATHLETIC SCHOLARSHIPS GIVEN TO BLACK HILLS STATE STUDENT ATHLETES. THE FOUNDATION ALSO PROVIDES SUPPORT TO THE VARIOUS ATHLETIC PROGRAMS AND FACILITIES OF THE UNIVERSITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,473,053

Program Service Revenue $0

Investment Income $188,066

Other Revenue $244,866

TOTAL REVENUE $6,905,985

Expense Breakdown

Grants Paid $945,519

Salaries & Benefits $0

Fundraising Expenses $38,135

Program Expenses $1,805,291

Other Expenses $1,021,330

TOTAL EXPENSES $1,966,849

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,905,985	$4,359,748	+0.6%
Expenses	$1,966,849	$1,542,195	+0.3%
Net Income	$4,939,136	$2,817,553	+0.8%

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

$225,655

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	EXECUTIVE DI	15.00	Officer	$0	$38,383	$225,655
DARIN DOUGLAS	PRESIDENT	1.00	Officer Director	$0	$0	$0
SUSAN PETERSON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
NEIL GRANDBOUCHE	SECRETARY	1.00	Officer Director	$0	$0	$0
RON JUNEK	TREASURER	1.00	Officer Director	$0	$0	$0
JIM ALCORN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE KAITFORS	DIRECTOR	1.00	Director	$0	$0	$0
FORREST BRADY	DIRECTOR	1.00	Director	$0	$0	$0
DANA DYKHOUSE	DIRECTOR	1.00	Director	$0	$0	$0
DAN GREEN	DIRECTOR	1.00	Director	$0	$0	$0
MATT WALTERS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN HECK	DIRECTOR	1.00	Director	$0	$0	$0
BILL HUGHES	DIRECTOR	1.00	Director	$0	$0	$0
TIM PENTON	DIRECTOR	1.00	Director	$0	$0	$0
TERRY KELLEY	DIRECTOR	1.00	Director	$0	$0	$0
DAVE LITTLE	DIRECTOR	1.00	Director	$0	$0	$0
BETH MATHIS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MICKELSON	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY PEARSON	DIRECTOR	1.00	Director	$0	$0	$0
KAY SCHALLENKAMP	DIRECTOR	1.00	Director	$0	$0	$0
STAN TRIPLETT	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT GRASLIE	DIRECTOR	1.00	Director	$0	$0	$0
BOB YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
DILLON HAUG	EX-OFFICIO M	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	No data	No data	No data	No data
2023	$6,905,985	$1,966,849	$12,724,814	$4,939,136
2022	$4,359,748	$1,542,195	$7,306,802	$2,817,553
2021	$2,559,424	$1,521,911	$5,113,790	$1,037,513
2020	$1,760,285	$1,270,849	$3,792,249	$489,436
2019	$2,063,237	$1,970,013	$3,109,318	$93,224
2018	$1,204,344	$1,541,686	$2,767,531	$-337,342