SIOUX METRO GROWTH ALLIANCE

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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

2021

Principal Officer

TYLER TORDSEN

Phone

6056797149

Tax Period

2023-01-01 to 2023-12-31

SIOUX METRO GROWTH ALLIANCE, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $534K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year.

Mission

OUR MISSION IS TO STIMULATE, SUSTAIN, AND SUPPORT THE ECONOMIC GROWTH OF THE COMMUNITIES, BUSINESSES, AND GENERAL STAKEHOLDERS OF THE METRO AREA OUTSIDE OF SIOUX FALLS.

Program Service Accomplishments

Program 1

FURTHERANCE OF ECONOMIC DEVELOPMENT OF COMMUNITIES IN LINCOLN, MINNEHAHA, TURNER, AND MCCOOK COUNTIES IN SOUTH DAKOTA. THE PROMOTION AND ASSISTANCE OF GROWTH AND DEVELOPMENT OF COMMUNITIES IN...

FURTHERANCE OF ECONOMIC DEVELOPMENT OF COMMUNITIES IN LINCOLN, MINNEHAHA, TURNER, AND MCCOOK COUNTIES IN SOUTH DAKOTA. THE PROMOTION AND ASSISTANCE OF GROWTH AND DEVELOPMENT OF COMMUNITIES IN LINCOLN, MINNEHAHA, TURNER, AND MCCOOK COUNTIES.

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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 $25,265

Program Service Revenue $499,734

Investment Income $3,486

Other Revenue $5,808

TOTAL REVENUE $534,293

Expense Breakdown

Grants Paid $0

Salaries & Benefits $354,248

Fundraising Expenses $0

Other Expenses $207,135

TOTAL EXPENSES $561,383

Year-over-Year Comparison

	2023	2022	Change
Revenue	$534,293	$562,949	-0.1%
Expenses	$561,383	$509,674	+0.1%
Net Income	$-27,090	$53,275	-1.5%

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

$83,507

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSE FONKERT	PRES & CEO T	40.00	Officer	$61,189	$0	$61,189
TYLER TORDSEN	PRES & CEO A	40.00	Officer	$22,318	$0	$22,318
ROBERT BAKER	DIRECTOR	1.00	Director	$0	$0	$0
JAY BUCHHOLZ	CHAIR	1.00	Officer Director	$0	$0	$0
DAVID DOXTAD	PAST -CHAIR	1.00	Officer Director	$0	$0	$0
JOAN FRANKEN	DIRECTOR	1.00	Director	$0	$0	$0
SHARESE IHNEN	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
RHIANNON ISRAEL	DIRECTOR THR	1.00	Director	$0	$0	$0
MIKE JASPERS	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
HEATHER KRANZ	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS OLSON	DIRECTOR	1.00	Director	$0	$0	$0
ERIC PAULI	DIRECTOR THR	1.00	Director	$0	$0	$0
CHAD RONSHAUGEN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE WENDLAND	DIRECTOR	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	No data	No data	No data	No data
2023	$534,293	$561,383	$170,608	$-27,090
2022	$562,949	$509,674	$212,348	$53,275