MATTER

EIN: 371441658 501(c)(3) Food, Agriculture & Nutrition

ST LOUIS PARK, MN

Total Revenue
$54,879,375
Total Expenses
$46,783,368
Total Assets
$21,181,290
Net Assets
$19,826,466
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
MN
Principal Officer
QUENTON MARTY
Phone
9525008652
Tax Period
2024-01-01 to 2024-12-31

MATTER, founded in 2002, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $54.9M in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum. Expenses of $46.8M left a modest 15% surplus.

Mission

MATTER IS A MINNESOTA-BASED GLOBAL HEALTH NONPROFIT ON A MISSION TO HELP PEOPLE LAUNCH PROJECTS THAT IMPROVE COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $39,507,251 Revenue: $3,514,212

MATTER HELPS HOSPITALS REDUCE LANDFILL MEDICAL WASTE BY REPURPOSING MEDICAL EQUIPMENT AND SUPPLIES. THIS IS BEING ACCOMPLISHED THROUGH THE MATTER 360 MODEL OF DISTRIBUTION TO HOSPITAL AND CLINIC...

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MATTER HELPS HOSPITALS REDUCE LANDFILL MEDICAL WASTE BY REPURPOSING MEDICAL EQUIPMENT AND SUPPLIES. THIS IS BEING ACCOMPLISHED THROUGH THE MATTER 360 MODEL OF DISTRIBUTION TO HOSPITAL AND CLINIC PARTNERS, RESALE AND RECYCLING. INTERNATIONALLY, MATTER ADDRESSES BARRIERS TO HEALTH BY GIVING HOSPITALS AND CLINICS THE TOOLS NEEDED TO CARE FOR PATIENTS IN DIGNIFIED WAYS. WE SOURCE, ALLOCATE, AND SHIP LIFE-SAVING MEDICAL SUPPLIES AND EQUIPMENT TO PARTNERS WHO LACK QUALITY HEALTHCARE ON THE FRONT LINES OF SCARCITY. MATTER PARTNERS WITH GOVERNMENTS AND ORGANIZATIONS TO ASSESS HEALTHCARE FACILITIES AND PROCURES AND SHIPS THE EQUIPMENT & SUPPLIES NEEDED TO SUSTAIN PROGRAMS, IMPROVE THE HEALTH OF THE COMMUNITY, AND SAVE LIVES.

Program 2
Expenses: $529,647

LOCALLY, MATTER ACTIVATES HEALTHY EATING FOR KIDS AND FAMILIES IN MINNESOTA AND AROUND THE U.S. VIA THE MATTERBOX PROGRAM, AN INNOVATIVE SOLUTION TO HEALTHY FOOD ACCESS AND NUTRITION EDUCATION...

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LOCALLY, MATTER ACTIVATES HEALTHY EATING FOR KIDS AND FAMILIES IN MINNESOTA AND AROUND THE U.S. VIA THE MATTERBOX PROGRAM, AN INNOVATIVE SOLUTION TO HEALTHY FOOD ACCESS AND NUTRITION EDUCATION. MATTERBOX ADDRESSES THE GROWING NEED FOR HEALTHY EATING EDUCATION, ESPECIALLY IN COMMUNITIES WHERE POVERTY AND FOOD DESERTS PERSIST. EACH BOX IS AN INTENTIONALLY PROCURED MEAL KIT THAT GIVES A DIGNIFIED EXPERIENCE OF HEALTHIER EATING, AS WELL AS RECIPES, CHALLENGES, TOOLS AND TIPS FOR BUILDING SUSTAINABLE EATING HABITS. MATTERBOX IS NOT ONLY AN IMMEDIATE RESPONSE TO HUNGER, BUT ALSO A CHANNEL FOR CREATING NEW, HEALTHY LIFESTYLE HABITS, PROMOTING LONG TERM CHANGE.

Program 3
Expenses: $5,477,264

MATTER'S EDUCATION PROGRAM LOOKS TO ADDRESS SYSTEMIC ISSUES IN EDUCATIONAL ORGANIZATIONS PREVENTING ALL STUDENTS' SUCCESS, PARTICULARLY, DIDACTIC INSTRUCTIONAL PRACTICES, PASSIVE ENGAGEMENT...

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MATTER'S EDUCATION PROGRAM LOOKS TO ADDRESS SYSTEMIC ISSUES IN EDUCATIONAL ORGANIZATIONS PREVENTING ALL STUDENTS' SUCCESS, PARTICULARLY, DIDACTIC INSTRUCTIONAL PRACTICES, PASSIVE ENGAGEMENT, SUBSTITUTIONAL LEVEL OF TECHNOLOGY USE, AND THE LACK OF PERSONALIZATION. THE MATTER INNOVATION HUBS MODEL STUDENT CENTRIC LEARNING TO EMPHASIZE THE IMPORTANCE OF CREATIVE THINKING, PROBLEM SOLVING, AND CREATIVITY. WE BELIEVE THESE EFFORTS SUPPORT THE CONCEPTS OF THE 4TH INDUSTRIAL REVOLUTION: PEOPLE ANYWHERE, WITH ACCESS TO QUALITY INTERNET AND TRANSFORMATIONAL TECHNOLOGY CAN LEARN ANYTHINGAND APPLY THAT KNOWLEDGE TOWARDS SKILLS THAT CONTRIBUTE TO SOCIETY WHILE MAKING LIVING WAGE DOING SO.

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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 $51,360,533
Program Service Revenue $262,337
Investment Income $43,735
Other Revenue $3,212,770
TOTAL REVENUE $54,879,375

Expense Breakdown

Grants Paid $41,812,364
Salaries & Benefits $3,194,638
Fundraising Expenses $299,033
Program Expenses $45,756,685
Other Expenses $1,776,366
TOTAL EXPENSES $46,783,368

Year-over-Year Comparison

2024 2023 Change
Revenue $54,879,375 $34,986,952 +0.6%
Expenses $46,783,368 $35,671,234 +0.3%
Net Income $8,096,007 $-684,282 -12.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
18
Employees
37
Volunteers
11566

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
3
$0
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
QUENTON MARTY CHIEF EXECUTIVE OFFICER 40.00
Highest
$192,766 $14,390 $207,156
JOEL ANDERSON EXECUTIVE VP OF MATTER 360 40.00
Highest
$188,177 $14,068 $202,245
JEREMY NEWHOUSE CHIEF FINANCIAL OFFICER 40.00
Highest
$157,681 $10,253 $167,934
TAMI HEDRICK CHIEF ENGAGEMENT OFFICER 40.00
Highest
$164,359 $0 $164,359
VICTOR SALAMONE CHIEF CULTURE & BUSINESS DEVELOPMENT OFFICER 40.00
Highest
$152,194 $9,397 $161,591
AMANDA ESCEN BOARD CHAIR 3.00
Officer Director
$0 $0 $0
DEVIN DOYLE TREASURER 2.00
Officer Director
$0 $0 $0
DR CHRISTOPHER TASHJIAN SECRETARY 1.00
Officer Director
$0 $0 $0
MICHAEL ACKMANN BOARD MEMBER 1.00
Director
$0 $0 $0
CASEY CARL BOARD MEMBER 1.00
Director
$0 $0 $0
JAY DEVERELL BOARD MEMBER 1.00
Director
$0 $0 $0
PETE GODDARD BOARD MEMBER 1.00
Director
$0 $0 $0
DERRICK JOHNSON BOARD MEMBER 2.00
Director
$0 $0 $0
CHIPO MTASA BOARD MEMBER 1.00
Director
$0 $0 $0
SHELLY NELSON BOARD MEMBER 1.00
Director
$0 $0 $0
MARK PLETTS BOARD MEMBER 2.00
Director
$0 $0 $0
STEVE RYAN BOARD MEMBER 2.00
Director
$0 $0 $0
MIKE TAMTE BOARD MEMBER 1.00
Director
$0 $0 $0
AARON JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
MEG MARTIN BOARD MEMBER 2.00
Director
$0 $0 $0
ROGER MCCABE BOARD MEMBER 2.00
Director
$0 $0 $0
DAN FAGAN BOARD MEMBER 1.00
Director
$0 $0 $0
ALYSSA LARUE BOARD MEMBER 2.00
Director
$0 $0 $0
MOLLY HENRY BOARD MEMBER 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
2024 $54,879,375 $46,783,368 $21,181,290 $8,096,007
2023 $34,986,952 $35,671,234 $12,834,310 $-684,282
2022 $43,565,077 $39,964,233 $13,588,802 $3,600,844
2021 $45,679,354 $42,480,716 $9,339,640 $3,198,638
2020 $35,521,970 $36,867,847 $5,978,420 $-1,345,877
2019 $28,710,676 $26,350,075 $7,175,513 $2,360,601
2018 $20,078,322 $23,620,973 $4,942,306 $-3,542,651
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