SOUTH DAKOTA NEWS WATCH

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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

2017

Legal Domicile

Principal Officer

TRAVIS RHOADES

Phone

6052156225

Tax Period

2024-01-01 to 2024-12-31

SOUTH DAKOTA NEWS WATCH, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $611K in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $525K left a modest 14% surplus.

Mission

SOUTH DAKOTA NEWS WATCH REPORTS UNTOLD STORIES THAT HELP SOUTH DAKOTANS BE INFORMED AND ENGAGED CITIZENS. SOUTH DAKOTA NEWS WATCH PRODUCES INVESTIGATIVE AND PUBLIC SERVICE JOURNALISM THAT SHEDS LIGHT ON THE PEOPLE, COMMUNITIES, INSTITUTIONS, GOVERNMENTS, ISSUES, CONCERNS, HEALTH, AND GENERAL WELFARE OF SOUTH DAKOTA.

Program Service Accomplishments

Program 1

Expenses: $423,893

A 501(C)(3) ORGANIZATION THAT TELLS IN-DEPTH AND INVESTIGATIVE STORIES, VERIFIES CLAIMS THROUGH FACT BRIEFS AND ENGAGES WITH COMMUNITIES TO IDENTIFY SOLUTIONS TO THE STATE'S TOP CHALLENGES.

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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 $569,707

Program Service Revenue $0

Investment Income $8,641

Other Revenue $32,458

TOTAL REVENUE $610,806

Expense Breakdown

Grants Paid $0

Salaries & Benefits $392,815

Fundraising Expenses $41,814

Program Expenses $423,893

Other Expenses $131,987

TOTAL EXPENSES $524,802

Year-over-Year Comparison

	2024	2023	Change
Revenue	$610,806	$446,390	+0.4%
Expenses	$524,802	$547,308	0.0%
Net Income	$86,004	$-100,918	-1.9%

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

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

$162,649

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACK MARSH	DIRECTOR	4.00	Director	$0	$0	$0
MARCI BURDICK	CHAIR	4.00	Officer Director	$0	$0	$0
TRAVIS RHOADES	TREASURER	1.50	Officer Director	$0	$0	$0
JON HUNTER	SECRETARY	1.50	Officer Director	$0	$0	$0
RANDELL BECK	DIRECTOR	1.50	Director	$0	$0	$0
NANCY TURBAK BERRY	DIRECTOR	1.50	Director	$0	$0	$0
CHRISTINE HAMILTON	DIRECTOR	1.50	Director	$0	$0	$0
ARNOLD GARSON	DIRECTOR	1.50	Director	$0	$0	$0
CORY MYERS	DIRECTOR	1.50	Director	$0	$0	$0
TIMOTHY WALTNER	DIRECTOR	1.50	Director	$0	$0	$0
NICK KOTZEA	VICE CHAIR	2.50	Officer Director	$0	$0	$0
STEPHANY CHALBERG	DIRECTOR	1.50	Director	$0	$0	$0
KRISTI HINE	DIRECTOR	1.50	Director	$0	$0	$0
JANELLE TOMAN	DIRECTOR	1.50	Director	$0	$0	$0
DEBRA JENSEN	DIRECTOR	1.50	Director	$0	$0	$0
CARSON WALKER	CEO	50.00	Officer	$131,673	$30,976	$162,649

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	$610,806	$524,802	$545,540	$86,004
2023	$446,390	$547,308	$453,608	$-100,918
2022	$551,771	$366,152	$543,416	$185,619
2021	$360,078	$303,526	$356,585	$56,552
2020	$329,011	$270,520	$299,681	$58,491
2019	$334,356	$213,290	$241,190	$121,066