MINNESOTA HORSE COUNCIL

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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

1935

Legal Domicile

Principal Officer

ELISSA LINDSOE

Phone

6128194512

Tax Period

2024-01-01 to 2024-12-31

MINNESOTA HORSE COUNCIL, founded in 1935, is a small nonprofit that reported $200K in total revenue in fiscal year 2024. The organization ran a surplus of $86K, a strong 43% operating margin.

Mission

THE MINNESOTA HORSE COUNCIL WAS ESTABLISHED IN 1935 TO GATHER AND DISTRIBUTE INFORMATION TO THE GENERAL PUBLIC IN ORDER TO PROMOTE THE MINNESOTA HORSE INDUSTRY. THEY ALSO PROVIDE FUNDING FOR MINNESOTA'S HORSE TRAILS AND GRANTS FOR EQUINE-RELATED PROJECTS AS WELL AS EDUCATION SCHOLARSHIPS TO STUDENTS IN THE EQUINE INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $29,847

AWARDED GRANTS TO NON-PROFIT EQUINE-RELATED ORGANIZATIONS FOR NEW PROJECTS OR CAPITAL IMPROVEMENTS. PRINTED AND DISTRIBUTED MATERIALS ABOUT AVAILABILITY OF THESE GRANTS.

Program 2

Expenses: $18,000

AWARDED EDUCATIONAL SCHOLARSHIPS TO STUDENTS GOING INTO THE MINNESOTA EQUINE INDUSTRY, PRESENTED SCHOLARSHIPS AT ANNUAL DINNER, AND PRINTED MATERIALS ABOUT THE AVAILABILITY OF THESE SCHOLARSHIPS.

Program 3

Expenses: $3,121

AWARDED MATCHING FUNDS TO PROJECTS TO DEVELOP OR MAINTAIN EQUINE TRAILS IN STATE FORESTS AND PARKS. PAID EXPENSES TO STAFF TO WORK ON TRAILS DEVELOPMENT AND PRINTED MATERIALS AND ATTENDED EVENTS TO...

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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 $166,480

Program Service Revenue $0

Investment Income $33,958

Other Revenue $0

TOTAL REVENUE $200,438

Expense Breakdown

Grants Paid $23,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $76,883

Other Expenses $91,507

TOTAL EXPENSES $114,507

Year-over-Year Comparison

	2024	2023	Change
Revenue	$200,438	$204,537	0.0%
Expenses	$114,507	$60,195	+0.9%
Net Income	$85,931	$144,342	-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

N/A

Volunteers

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
ANN GRANEY HOFFMAN	PRESIDENT	N/A	Officer Director	$0	$0	$0
DAVE FLEISCHHAKER	1ST VICE PRE	N/A	Director	$0	$0	$0
DARRELL MEAD	2ND VICE PRE	N/A	Officer Director	$0	$0	$0
DAWN MOORE	SECRETARY	N/A	Officer Director	$0	$0	$0
ELISSA LINDSOE	TREASURER	N/A	Officer Director	$0	$0	$0
KAREN CLARK	DIRECTOR	N/A	Director	$0	$0	$0
SANDY HELGESON	DIRECTOR	N/A	Director	$0	$0	$0
JUDY JENSEN	DIRECTOR	N/A	Officer Director	$0	$0	$0
TRINA JOYCE	DIRECTOR	N/A	Director	$0	$0	$0
DOUG PERSIAN	DIRECTOR	N/A	Director	$0	$0	$0
MEG SAX	DIRECTOR	N/A	Director	$0	$0	$0
TRACY TURNER	DIRECTOR	N/A	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
2024	$200,438	$114,507	$926,409	$85,931
2023	$204,537	$60,195	$819,274	$144,342
2022	$60,813	$60,073	$611,225	$740
2021	$75,513	$220,317	$755,708	$-144,804
2020	$30,886	$145,266	$858,805	$-114,380
2019	$262,308	$184,559	$944,411	$77,749
2018	$219,101	$157,268	$879,299	$61,833