NORTH DAKOTA TRADE OFFICE INC

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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

2004

Legal Domicile

Principal Officer

DREW A COMBS

Phone

7019296702

Tax Period

2023-07-01 to 2024-06-30

NORTH DAKOTA TRADE OFFICE INC, founded in 2004, is a community nonprofit in the Community Improvement sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 148% from the prior year, signaling strong growth momentum. The organization ran a surplus of $667K, a strong 29% operating margin.

Mission

PROVIDE EDUCATION, RESEARCH, ENGAGEMENT, ADVOCACY, AND EXPERTISE SO THAT NORTH DAKOTA COMPANIES DEVELOP THEIR EXPORT BUSINESS.

Program Service Accomplishments

Program 1

REVERSE TRADE MISSION - INTERNATIONAL DELEGATES TRAVEL TO NORTH DAKOTA TO LEARN ABOUT NORTH DAKOTA PRODUCTS/SERVICES, PARTNERSHIPS, AND OTHER OPPORTUNITIES. SPONSOR OF BIG IRON WHICH IS AN ANNUAL...

REVERSE TRADE MISSION - INTERNATIONAL DELEGATES TRAVEL TO NORTH DAKOTA TO LEARN ABOUT NORTH DAKOTA PRODUCTS/SERVICES, PARTNERSHIPS, AND OTHER OPPORTUNITIES. SPONSOR OF BIG IRON WHICH IS AN ANNUAL EVENT OF NEW FARM EQUIPMENT AND PROVIDE LIAISON BETWEEN AGRI-BUSINESS DEALERS AND NEW TRADE PARTNER.

Program 2

GLOBAL BUSINESS CONFERENCE, TRADE TALK SEMINARS, AND EXPORTECH EDUCATION PROGRAMS - PROVIDED TO ALL MEMBERS AND AVAILABLE ON A FEE BASIS TO THE PUBLIC. SEMINARS AND TRAINING PROVIDED BY NATIONAL...

GLOBAL BUSINESS CONFERENCE, TRADE TALK SEMINARS, AND EXPORTECH EDUCATION PROGRAMS - PROVIDED TO ALL MEMBERS AND AVAILABLE ON A FEE BASIS TO THE PUBLIC. SEMINARS AND TRAINING PROVIDED BY NATIONAL EXPERTS ON INTERNATIONAL TRADE AND HOW TO BE SUCCESSFUL. EXPORT ASSISTANT PROGRAM PROVIDES GRADUATE STUDENTS TO MEMBERS TO ALLOW THE MEMBERS TO GAIN KNOWLEDGE AND EXPERTISE TO THE PARTICULAR COUNTRIES THEY ARE EXECUTING TRADE BUSINESS. PROVIDE DAY TO DAY PROFESSIONAL SERVICES TO CLIENT. PROVIDE WEB BASED DATA SUBSCRIPTION SERVICES. MANAGE, VERIFY AND REIMBURSED ND EXPORTER FUNDS FROM STEP PROGRAM.

Program 3

TRADE MISSION - NORTH DAKOTA BUSINESSES AND OTHERS TRAVEL ABROAD TO TOUR AND MEET POTENTIAL TRADE PARTNERS FOR NORTH DAKOTA PRODUCTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,109,269

Program Service Revenue $191,692

Investment Income $1,450

Other Revenue $827

TOTAL REVENUE $2,303,238

Expense Breakdown

Grants Paid $0

Salaries & Benefits $567,736

Fundraising Expenses $0

Other Expenses $1,068,824

TOTAL EXPENSES $1,636,560

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,303,238	$926,909	+1.5%
Expenses	$1,636,560	$1,411,621	+0.2%
Net Income	$666,678	$-484,712	-2.4%

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

$124,392

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG GOEHRING	BOARD MEMBER	2.00	Director	$0	$0	$0
BILL PRICE	BOARD MEMBER	2.00	Director	$0	$0	$0
SHERMAN WEHLANDER	BOARD MEMBER	2.00	Director	$0	$0	$0
LAURA OBERST	BOARD MEMBER (LEFT 1/24)	2.00	Director	$0	$0	$0
BEVERLY FLATEN	BOARD MEMBER	2.00	Director	$0	$0	$0
TOM SHORMA	BOARD MEMBER	2.00	Director	$0	$0	$0
KERMIT NASH	BOARD MEMBER	2.00	Director	$0	$0	$0
RICK BRANDENBURGER	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSH TEIGEN	SECRETARY	2.00	Officer Director	$0	$0	$0
TAMMY MILLLER	CHAIRMAN	2.00	Officer Director	$0	$0	$0
MIKE LEFOR	VICE CHAIRMAN-TREASURER	2.00	Officer Director	$0	$0	$0
DREW A COMBS	EXECUTIVE DIRECTOR	40.00	Officer	$119,792	$4,600	$124,392

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	No data	No data	No data	No data
2024	$2,303,238	$1,636,560	$1,698,964	$666,678
2023	$926,909	$1,411,621	$1,054,895	$-484,712
2022	$1,917,036	$1,215,910	$1,573,226	$701,126
2021	$420,880	$913,359	$856,147	$-492,479
2020	$2,029,200	$1,241,629	$1,377,288	$787,571
2019	$658,841	$1,368,279	$638,545	$-709,438