Wessington Springs Area Chamber & Development
Nonprofit profile at a glance
- EIN
- 460336659
- IRS 990-EZ coverage
- 2012–2025
- Forms available
- Form 990 2020, Form 990-EZ 2025, Form 990-N 2024
- Location
- Wessington Springs, SD, USA
- Phone
- 6055391929
- Rating
- 50
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Rural Economic Development
Reported finances
- Revenue
- $50,379
- Expenses
- $39,493
- Assets
- $77,748
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
7 people listed
People named in this filing
- Ryan Jensen (Co-Chairperson)
- Troy Duxbury (Co-Chairperson)
- Pat Fastnacth (Vice-Chair)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Promote economic development
What it reported doing in 2025
Bonus Bucks
Operating model
- Revenue model
- Donor-supported. 64% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 8
- Transparency & Controls: 100
- Sustainability: 60
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 9.4%; rating input score 9
- Program expense ratio: 6.3%; rating input score 6
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 21.6%; rating input score 73; 73rd percentile among comparable filings
- Total-asset coverage ratio: 1.97; rating input score 65; 65th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -11.5% per year; rating input score 0; 26th percentile among comparable filings
- Revenue growth: 2.1% per year; rating input score 100; 59th percentile among comparable filings
- Asset growth: 0.5% per year; rating input score 100; 40th percentile among comparable filings
Details
- Where the money goes: 9.4% of revenue deployed · 6.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $2K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 7 filing years from 2012 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 9/100.
- High — Financial Efficiency: Program expense ratio scored 6/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.