FURNITURE MISSION OF SOUTH DAKOTA INC (EIN 810584500) - 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

2003

Legal Domicile

Principal Officer

JANEAN MICHALOV

Phone

6059776800

Tax Period

2023-01-01 to 2023-12-31

FURNITURE MISSION OF SOUTH DAKOTA INC, founded in 2003, is a small nonprofit in the Human Services sector that reported $640K in total revenue in fiscal year 2018.

Mission

TO SHARE THE LOVE OF CHRIST THROUGH THE ACCEPTANCE AND DISTRIBUTION OF "GENTLY USED" FURNITURE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $632,471

Program Service Revenue $0

Investment Income $62,561

Other Revenue $120,682

TOTAL REVENUE $815,714

Expense Breakdown

Grants Paid $285,464

Salaries & Benefits $294,231

Fundraising Expenses $73,790

Program Expenses $624,452

Other Expenses $204,102

TOTAL EXPENSES $783,797

Year-over-Year Comparison

	2023	2022	Change
Revenue	$815,714	$2,949,297	-0.7%
Expenses	$783,797	$754,439	+0.0%
Net Income	$31,917	$2,194,858	-1.0%

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

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

$81,162

Total Directors

$81,162

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAMON SEHR	PRESIDENT	2.00	Officer Director	$0	$0	$0
DUSTIN HANSON	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
MIKE HANNA	SECRETARY	2.00	Officer Director	$0	$0	$0
PAUL HOLLISTER	TREASURER	2.00	Officer Director	$0	$0	$0
KYM BLACK	DIRECTOR	2.00	Director	$0	$0	$0
TANNER FITZ	DIRECTOR	2.00	Director	$0	$0	$0
LISA STARK	DIRECTOR	2.00	Director	$0	$0	$0
CHARLIE CHILDERSTON	DIRECTOR	2.00	Director	$0	$0	$0
SARAH KAPPEL	DIRECTOR	2.00	Director	$0	$0	$0
BETTY DEBERG	DIRECTOR	2.00	Director	$0	$0	$0
ALEX CARNES	DIRECTOR	2.00	Director	$0	$0	$0
STERLING NIELSEN	DIRECTOR	2.00	Director	$0	$0	$0
BRYAN ANFINSON	DIRECTOR	2.00	Director	$0	$0	$0
JANEAN MICHALOV	EXECUTIVE DI	40.00	Officer Director	$81,162	$0	$81,162

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	$815,714	$783,797	$3,059,962	$31,917
2022	$2,949,297	$754,439	$3,023,049	$2,194,858
2022	$2,325,416	$760,005	$2,393,682	$1,565,411
2021	$705,536	$708,448	$788,318	$-2,912
2021	$688,422	$706,691	$794,505	$-18,269
2019	$658,075	$636,723	$493,399	$21,352
2018	$640,162	$626,710	$484,931	$13,452

FURNITURE MISSION OF SOUTH DAKOTA INC