VISIT RAPID CITY (EIN 821020421) - 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

2017

Legal Domicile

Principal Officer

ALLY FORMANEK

Phone

6057188492

Tax Period

2024-01-01 to 2024-12-31

VISIT RAPID CITY, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $2.7M in total revenue in fiscal year 2018. Revenue surged 100% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE THE RAPID CITY AND BLACK HILLS AREA AS A VISITOR DESTINATION AND PROMOTE ECONOMIC GROWTH TO ENHANCE THE AREA FOR VISITORS AND RESIDENTS.

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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 $250,646

Program Service Revenue $3,189,954

Investment Income $63,050

Other Revenue $3,778

TOTAL REVENUE $3,507,428

Expense Breakdown

Grants Paid $533,925

Salaries & Benefits $998,374

Fundraising Expenses $0

Other Expenses $1,946,514

TOTAL EXPENSES $3,478,813

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,507,428	$3,460,580	+0.0%
Expenses	$3,478,813	$3,140,820	+0.1%
Net Income	$28,615	$319,760	-0.9%

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

N/A

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

$232,178

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY BUNTROCK	CHAIR	1.00	Officer Director	$0	$0	$0
TIM JOHNSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SCOTT LANDGUTH	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
CHRIS JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
JESSE SCHEITLER	DIRECTOR	1.00	Director	$0	$0	$0
KATELYN COOK	DIRECTOR	1.00	Director	$0	$0	$0
MIKE DERBY	DIRECTOR	1.00	Director	$0	$0	$0
STACIE HULL	VOTING LIAISON	1.00	Director	$0	$0	$0
LOGAN STEFFENS	VOTING LIAISON	1.00	Director	$0	$0	$0
BROOK KAUFMAN	PRESIDENT	40.00	Officer	$226,565	$5,613	$232,178

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	$3,507,428	$3,478,813	$3,588,231	$28,615
2023	$3,460,580	$3,140,820	$3,490,186	$319,760
2022	$3,030,912	$3,569,252	$3,252,507	$-538,340
2021	$3,408,774	$2,556,767	$2,991,953	$852,007
2020	$3,458,518	$2,526,258	$2,292,918	$932,260
2019	$2,771,928	$2,573,890	$1,205,441	$198,038
2018	$2,718,823	$2,715,894	$1,082,448	$2,929

VISIT RAPID CITY