Sioux Falls, SD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Sioux Falls Thrive Inc, founded in 2017, is a small nonprofit in the Human Services sector that reported $710K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $686K left a modest 3% surplus.
Sioux Falls Thrive was created as the community cradle-to-career workforce development initiative in 2017 by a group of local leaders. Today, Thrive is identified as a proven collaborator in finding sustainable solutions that ensure Sioux Falls children succeed. As a volunteer-based organization, Thrive harnesses the power of Collective Impact by bringing existing community resources together to work collaboratively. The goal is to kickstart action-based solutions to the issues that inhibit student success, particularly in the areas of food security, affordable housing and out-of-school time. Thrive facilitates the work of collaborative teams and encourages these community leaders to think innovatively to solve the issues that they are so passionate about.
Other programming includes consulting with allied collaborative groups in Sioux Falls & around the state, public education, communications, capacity building, strategic relationship management, & the...
Other programming includes consulting with allied collaborative groups in Sioux Falls & around the state, public education, communications, capacity building, strategic relationship management, & the technology & occupancy costs necessary to support program services. In addition, SF Thrive has developed the Eat Well Sioux Falls Mobile Market - a grocery store on wheels taking healthy, affordable food into some of the most vulnerable neighborhoods in Sioux Falls. As the first of its kind in South Dakota, the Mobile Market has acted as a test case that will provide reliable foundational data and experience to support future expansions both in Sioux Falls and across the state. With the support of a grant from the city health department, the scope of work called for establishing a mobile grocery retail option in Food Access Priority Areas with the intent of reducing transportation barriers to food access, scouting locations for potential permanent neighborhood stores, and improving affordability through stocking a proportion of reclaimed or overstock groceries.
SF Thrive's core functions are to provide technical support & solution-finding facilitation to collaborative groups working in three specific areas of need: affordable housing, out-of-school time, &...
SF Thrive's core functions are to provide technical support & solution-finding facilitation to collaborative groups working in three specific areas of need: affordable housing, out-of-school time, & food security. In addition, sub-committees dubbed task teams or community collaboratives have augmented the overall strategy with specific work this year: (1) supporting Youth Development Collaborative volunteers as they launched an online portal that improves access to activities and learning opportunities for students in 6th-12th grades who are disconnected from school, family and community; (2) supporting Housing Action Team volunteers in their launch of a pilot Community Housing Education Program that brings critical renter and homebuyer classes into neighborhoods, breaking down the barriers of transportation, childcare, and food access for families in need of stable housing; (3) emphasizing the growing boundaries of food deserts and piloting the first Mobile Market in the state of South Dakota in an effort to provide improved access to affordable groceries in the most vulnerable neighborhoods; and (4) supporting the new Community Food Security Network in its pilot project to reduce food waste with local producers and develop a citywide collaboration for food salvage and delivery.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $710,032 | $522,080 | +0.4% |
| Expenses | $685,563 | $497,915 | +0.4% |
| Net Income | $24,469 | $24,165 | +0.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Michelle Erpenbach | Executive Director | 40.00 |
|
$109,851 | $0 | $109,851 |
| Lisa Beacom | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Beth Fuller Jensen | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Shantel Krebs | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Alex Ramirez | President | 1.00 |
Director
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$0 | $0 | $0 |
| Kristy Trip | Director | 1.00 |
Director
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$0 | $0 | $0 |
| Rachelle Schapp | Director | 2.00 |
Director
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$0 | $0 | $0 |
| Deb Koski | Director | 1.00 |
Officer
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$0 | $0 | $0 |
| Mary Dally | Treasurer | 2.00 |
Officer
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$0 | $0 | $0 |
| Pooja Pullman | Treasurer | 2.00 |
Officer
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$0 | $0 | $0 |
| Kirk Zeeck | Vice President | 1.00 |
Officer
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$0 | $0 | $0 |
| Brooke Schmidt | Secretary | 1.00 |
Officer
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$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $710,032 | $685,563 | $459,533 | $24,469 |
| 2023 | $522,080 | $497,915 | $490,809 | $24,165 |
| 2022 | $307,293 | $344,431 | $333,445 | $-37,138 |
| 2021 | $392,173 | $357,080 | $145,829 | $35,093 |
| 2021 | $675,511 | $357,080 | $378,397 | $318,431 |
Compare Sioux Falls Thrive Inc with other nonprofits in South Dakota and across the country.