STARTUP SIOUX FALLS

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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

Principal Officer

BRIENNE MANER

Phone

6052758000

Tax Period

2024-10-01 to 2025-09-30

STARTUP SIOUX FALLS, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $836K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $974K exceeded revenue, resulting in a 16% operating deficit.

Mission

THE MISSION OF STARTUP SIOUX FALLS IS TO CREATE A THRIVING EPICENTER OF ENTREPRENEURSHIP AND PIPELINE OF DEMERGING RAPID GROWTH BUSISSES TO EXPAND AND DIVERSIFY THE SIOUX FALLS ECONOMY BY PROVIDING INCUBATOR, ACCELERATOR, AND OTHER ENTREPRENEURIAL DEVELOP SERVICES TO THESE BUSINESSES.

Program Service Accomplishments

Program 1

Expenses: $709,765 Revenue: $276,988

TO ASSIST IN THE DEVELOPMENT AND EXPANSION OF EMERGING RAPID GROWTH BUSINESSES IN THE SIOUX FALLS REGION. TO PROVIDE OFFICE SPACE ALONG WITH OTHER ENTREPRENEURIAL SERIVCES TO THESE BUSINESSES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $355,149

Program Service Revenue $276,988

Investment Income $204,325

Other Revenue $0

TOTAL REVENUE $836,462

Expense Breakdown

Grants Paid $0

Salaries & Benefits $419,583

Fundraising Expenses $79,610

Program Expenses $709,765

Other Expenses $554,754

TOTAL EXPENSES $974,337

Year-over-Year Comparison

	2024	2023	Change
Revenue	$836,462	$1,146,617	-0.3%
Expenses	$974,337	$1,086,392	-0.1%
Net Income	$-137,875	$60,225	-3.3%

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

$106,401

Total Directors

$595,862

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB MUNDT ED SIOUX FALLS DEV FD	DIRECTOR	1.00	Director	$0	$42,661	$314,802
JEFF GRIFFIN ED GREATER SF CHAMBER	DIRECTOR	1.00	Director	$0	$38,628	$281,060
BRIENNE MANER	PRESIDENT	40.00	Officer	$0	$7,241	$106,401
KIM BURMA	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS DAUGAARD	DIRECTOR	1.00	Director	$0	$0	$0
ARIN GONSETH	TREASURER	1.00	Officer Director	$0	$0	$0
FAITH LARSON	DIRECTOR	1.00	Director	$0	$0	$0
ALISSA MATT	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MEYER	CHAIR	1.00	Officer Director	$0	$0	$0
CINDY PETERSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SCOTT PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
KARLA SANTI	PAST CHAIR	1.00	Director	$0	$0	$0
KEITH SEVERSON	TREASURER	1.00	Officer Director	$0	$0	$0
JAEL THORPE	DIRECTOR	1.00	Director	$0	$0	$0
CHEZ TSCHETTER	SECRETARY	1.00	Officer Director	$0	$0	$0
PAUL TSCHETTER	PAST CHAIR	1.00	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	$836,462	$974,337	$6,115,052	$-137,875
2024	$1,146,617	$1,086,392	$6,403,681	$60,225
2023	$2,104,533	$971,392	$6,661,750	$1,133,141
2022	$1,464,509	$959,638	$5,106,146	$504,871
2021	$833,696	$928,971	$4,477,758	$-95,275
2020	$678,940	$760,000	$4,525,748	$-81,060
2019	$915,040	$954,242	$4,832,919	$-39,202
2018	$931,726	$1,119,896	$4,988,104	$-188,170