MADISON, SD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)DAKOTA STATE UNIVERSITY APPLIED RESEARCH CORPORATION, founded in 2022, is a community nonprofit in the Science & Technology sector that reported $1.1M in total revenue in fiscal year 2024. Expenses of $1.0M left a modest 5% surplus.
NONE
THE PRIMARY PURPOSE OF THE CORPORATION IS TO CONDUCT APPLIED/PROBLEM-DRIVEN CYBERSECURITY RESEARCH TO ASSIST PUBLIC AND PRIVATE NATIONAL SECURITY PARTNERS IN SUPPORT OF THE OVERALL CYBERSECURITY...
THE PRIMARY PURPOSE OF THE CORPORATION IS TO CONDUCT APPLIED/PROBLEM-DRIVEN CYBERSECURITY RESEARCH TO ASSIST PUBLIC AND PRIVATE NATIONAL SECURITY PARTNERS IN SUPPORT OF THE OVERALL CYBERSECURITY NEEDS OF THE UNITED STATES. THE CORPORATION MAY ALSO CONDUCT APPLIED CYBER RESEARCH, SUPPORT RELATED PUBLIC SERVICE ACTIVITIES, AND/OR PROVIDE SPACE FOR RELATED OR COMPLEMENTARY CYBER ACTIVITIES, PARTICULARLY IN THE INDUSTRIES OF AGRICULTURE, HEALTH CARE, AND FINANCE.DURING FY25 THE ORGANIZATION WORKED ON ESTABLISHING ITS PROGRAM. PROGRAM ACTIVITIES WILL COMMENCE DURING FY26.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,070,000 | $1,000,000 | +0.1% |
| Expenses | $1,017,062 | $1,037,406 | 0.0% |
| Net Income | $52,938 | $-37,406 | -2.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DR JOSE-MARIE GRIFFITHS | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $12,621 | $357,006 |
| SARA VENHUIZEN | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANDREA THOMPSON | CEO | 40.00 |
Officer
Director
|
$600,000 | $0 | $600,000 |
| MILES BEACOM | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| NATHAN LUKKES | BOARD MEMBER | 1.00 |
Director
|
$0 | $40,381 | $363,446 |
| STACY KOOISTRA | COO & GENERAL COUNSEL | 40.00 |
Officer
|
$328,713 | $0 | $328,713 |
| STACY KRUSEMARK | SECRETARY/TREASURER | 1.00 |
Officer
|
$0 | $17,066 | $206,212 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,070,000 | $1,017,062 | $8,158 | $52,938 |
| 2024 | $1,000,000 | $1,037,406 | $8,573 | $-37,406 |
| 2023 | $215,000 | $212,932 | $14,616 | $2,068 |
Compare DAKOTA STATE UNIVERSITY APPLIED RESEARCH CORPORATION with other nonprofits in South Dakota and across the country.