SHARED RESOURCES INC

EIN: 873999581 Public & Societal Benefit

DELL RAPIDS, SD

Total Revenue
$32,865
Total Expenses
$30,623
Total Assets
$6,032,320
Net Assets
$5,483,815
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
SD
Principal Officer
LLOYD RAVE
Phone
6059105870
Tax Period
2023-01-01 to 2023-12-31

SHARED RESOURCES INC, founded in 2023, is a micro nonprofit in the Public & Societal Benefit sector that reported $33K in total revenue in fiscal year 2023. Expenses of $31K left a modest 7% surplus.

Mission

PROVIDE WATER SERVICE FOR USE AND BENEFIT OF ITS MEMBERS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $32,865
TOTAL REVENUE $32,865

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,175
Fundraising Expenses $0
Other Expenses $24,448
TOTAL EXPENSES $30,623

Year-over-Year Comparison

2023 2022 Change
Revenue $32,865 N/A N/A
Expenses $30,623 N/A N/A
Net Income $2,242 N/A N/A
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
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
3
$11,950
Total Directors
7
$21,575
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LLOYD RAVE PRESIDENT 2.00
Officer Director
$1,000 $0 $5,800
DAN DANNENBRING VICE PRESIDE 0.50
Officer Director
$900 $0 $900
RODNEY VAN DER VLIET SECRETARY/TR 0.50
Officer Director
$900 $0 $5,250
REGGIE GASSMAN DIRECTOR 0.25
Director
$675 $0 $675
VINCE NELSON DIRECTOR 0.25
Director
$900 $0 $900
DAVID HOWARD DIRECTOR 0.25
Director
$900 $0 $3,650
DAVID STEARNS DIRECTOR 0.25
Director
$900 $0 $4,400
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 $32,865 $30,623 $6,032,320 $2,242
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