DAKOTA BIOWORX

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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

2022

Legal Domicile

Principal Officer

CRAIG ARNOLD

Phone

7125406090

Tax Period

2023-01-01 to 2023-12-31

DAKOTA BIOWORX, founded in 2022, is a community nonprofit in the Community Improvement sector that reported $2.6M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 44% operating margin.

Mission

PROVIDE FUNDING FOR A 45,000 SQUARE FOOT SPECIALIZED LABORATORY FACILITY TO BE BUILT AT SOUTH DAKOTA STATE UNIVERSITY

Program Service Accomplishments

Program 1

BROKE GROUND ON LABORATORY

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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 $2,396,868

Program Service Revenue $250,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,646,868

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,208

Fundraising Expenses $0

Program Expenses $1,484,844

Other Expenses $1,468,636

TOTAL EXPENSES $1,484,844

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,646,868	$2,148,320	+0.2%
Expenses	$1,484,844	$295,320	+4.0%
Net Income	$1,162,024	$1,853,000	-0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG ARNOLD	CFO	N/A	Officer	$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	$2,646,868	$1,484,844	$3,015,024	$1,162,024
2022	$2,148,320	$295,320	$1,853,000	$1,853,000