MINNESOTA HORSE COUNCIL

EIN: 237390203

MONTICELLO, MN

Total Revenue
$200,438
Total Expenses
$114,507
Total Assets
$926,409
Net Assets
$926,409
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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
MN
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.

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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%)

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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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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
20

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
5
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
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
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