Enterprise Institute

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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

2002

Legal Domicile

Phone

6056975015

Tax Period

2025-01-01 to 2025-12-31

Enterprise Institute, founded in 2002, is a small nonprofit in the Education sector that reported $376K in total revenue in fiscal year 2025. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $109K, a strong 29% operating margin.

Mission

To support and enhance educational, commercialization, research and business development opportunities for faculty and students at educational institutions within the state of South Dakota in partnership with industry by facilitating outreach, educational events, and technical assistance; to assist the economic development of South Dakota through encouragement of and assistance to the entrepreneurial enterprises.

Program Service Accomplishments

Program 1

Expenses: $214,749 Revenue: $96,738

Business Resource Center - The Enterprise Institute provides confidential business consulting services for independent inventors, researchers, and high-growth entrepreneurs in our region.

Program 2

Expenses: $22,329 Revenue: $68,347

The Innovation Expo is an entrepreneurship conference where we celebrate the inventors, entrepreneurs, and investors who grow new technologies and businesses in our region. The event features keynote speaker presentations, panel discussions, educational sessions and also networking opportunities.

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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 (2025)

Revenue Breakdown

Contributions & Grants $179,186

Program Service Revenue $165,085

Investment Income $31,684

Other Revenue $0

TOTAL REVENUE $375,955

Expense Breakdown

Grants Paid $0

Salaries & Benefits $206,952

Fundraising Expenses $0

Program Expenses $237,078

Other Expenses $59,651

TOTAL EXPENSES $266,603

Year-over-Year Comparison

	2025	2024	Change
Revenue	$375,955	$311,104	+0.2%
Expenses	$266,603	$253,392	+0.1%
Net Income	$109,352	$57,712	+0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tom Eitreim	Executive Director	40.00		$163,700	$12,674	$176,374
Duane Sander	Sec and Treas	2.00	Officer Director	$0	$0	$0
Al Kurtenbach	Vice Chair	1.00	Officer Director	$0	$0	$0
Keith Bartels	Chairman	1.00	Officer Director	$0	$0	$0
Ed Cannon	Director	1.00	Director	$0	$0	$0
Errol EerNisse	Director	1.00	Director	$0	$0	$0
Darren Haar	Director	1.00	Director	$0	$0	$0
Jerome Lohr	Director	1.00	Director	$0	$0	$0
Jim Morgan	Director	1.00	Director	$0	$0	$0
Brad Wheeler	Director	1.00	Director	$0	$0	$0
Matt Paulson	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
2025	$375,955	$266,603	$947,880	$109,352
2024	$311,104	$253,392	$842,490	$57,712
2023	$231,030	$227,918	$788,824	$3,112
2022	$297,693	$371,298	$795,922	$-73,605
2021	$381,177	$339,264	$833,543	$41,913
2020	$387,190	$308,340	$797,456	$78,850
2019	$455,681	$285,644	$776,935	$170,037