ENTERPRISE 605 INC (EIN 812776110) - 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

2016

Legal Domicile

Principal Officer

ROBERT FOUBERG

Phone

6052254850

Tax Period

2024-01-01 to 2024-12-31

ENTERPRISE 605 INC, founded in 2016, is a community nonprofit in the Community Improvement sector that reported $3.0M in total revenue in fiscal year 2018. Revenue surged 32759% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.0M, a strong 100% operating margin.

Mission

PROMOTING THE INTERESTS AND ECONOMIC DEVELOPMENT OF THE STATE OF SOUTH DAKOTA BY FOSTERING ENTREPRENEURSHIP OPPORTUNITIES AND EXPANSION OF BUSINESS AND SUPPORTING THE GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS THROUGH EDUCATION, INFORMING PUBLIC OPINION GERMANE TO ECONOMIC DEVELOPMENT IN SOUTH DAKOTA, OPERATING AN INTERNSHIP PROGRAM FOCUSED ON ECONOMIC DEVELOPMENT, AND PROVIDING FINANCIAL SUPPORT TO SOUTH DAKOTA BUSINESSES OR BUSINESSES WHO PLAN TO DO BUSINESS IN SOUTH DAKOTA.

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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 $0

Investment Income $7,391

Other Revenue $340

TOTAL REVENUE $7,731

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $20,652

TOTAL EXPENSES $20,652

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,731	$10,234	-0.2%
Expenses	$20,652	$22,766	-0.1%
Net Income	$-12,921	$-12,532	+0.0%

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

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
ROBERT FOUBERG	PRESIDENT	5.00	Officer Director	$0	$0	$0
DAVID LINK	VICE PRES/SE	1.00	Officer Director	$0	$0	$0
DANA DYKHOUSE	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID EMERY	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID CHICOINE	BOARD MEMBER	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	$7,731	$20,652	$6,891,105	$-12,921
2023	$10,234	$22,766	$6,811,279	$-12,532
2022	$5,798	$19,000	$7,588,499	$-13,202
2021	$17,296	$29,833	$7,947,537	$-12,537
2020	$4,626	$16,332	$7,468,748	$-11,706
2019	$18,351	$1,520,818	$7,203,482	$-1,502,467
2018	$3,017,401	$12,180	$8,766,308	$3,005,221

ENTERPRISE 605 INC