Inter-Cooperative Exchange

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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

2006

Legal Domicile

Principal Officer

Mark Henkel

Phone

3603991118

Tax Period

2024-07-01 to 2025-06-30

Inter-Cooperative Exchange, founded in 2006, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $241K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $229K left a modest 5% surplus.

Program Service Accomplishments

Program 1

Successfully monitored market prices, provided regular market update to members, successfully concluded price negotiations with crab processing companies, represented members in binding arbitration for price disputes, received and allocated crab individual fishing quota among members. Engaged in marketing efforts to sustain traditional markets for crab and create new markets.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $240,646

Investment Income $0

Other Revenue $0

TOTAL REVENUE $240,646

Expense Breakdown

Grants Paid $0

Salaries & Benefits $161,744

Fundraising Expenses $0

Other Expenses $66,929

TOTAL EXPENSES $228,673

Year-over-Year Comparison

	2024	2023	Change
Revenue	$240,646	$207,292	+0.2%
Expenses	$228,673	$218,938	+0.0%
Net Income	$11,973	$-11,646	-2.0%

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
Erling E Jacobsen	Executive Director	50.00	Highest	$149,628	$0	$149,628
Mark Henkel	President	2.00	Officer Director	$0	$0	$0
Jennifer Vickstrom	Vice President	1.00	Officer Director	$0	$0	$0
Kris Deane	Secretary/Treasurer	4.00	Officer Director	$0	$0	$0
Mike Woodley	Director	1.00	Director	$0	$0	$0
Oystein Lone	Director	1.00	Director	$0	$0	$0
Mark Casto	Director	1.00	Director	$0	$0	$0
Rick Shelford	Director	1.00	Director	$0	$0	$0
Glenn Mikkelsen	Director	1.00	Director	$0	$0	$0
Dan Gunn	Alt Director	1.00	Director	$0	$0	$0
Melanie Potter	Alt Director	1.00	Director	$0	$0	$0
Rip Carlton	Alt 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
2025	$240,646	$228,673	$268,852	$11,973
2024	$207,292	$218,938	$266,012	$-11,646
2023	$134,270	$355,223	$334,471	$-220,953
2022	$314,328	$347,969	$497,369	$-33,641
2021	$411,206	$416,617	$554,520	$-5,411
2020	$423,668	$431,275	$544,055	$-7,607
2019	$456,486	$365,877	$541,957	$90,609