MICHIGAN SEED POTATO ASSOCIATION (EIN 383302973) - Form 990 Financial Analysis & Trantor Score

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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

1998

Legal Domicile

Principal Officer

GERALD KRUEGER

Phone

9897324433

Tax Period

2022-06-01 to 2023-05-31

MICHIGAN SEED POTATO ASSOCIATION, founded in 1998, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $262K in total revenue in fiscal year 2022.

Mission

TO FUNCTION AS A SEED CERTIFYING AGENCY AND TO CARRY OUT EDUCATIONAL AND SCIENTIFIC ACTIVITIES TO FURTHER THE PRODUCTION AND USE OF IMPROVED SEED STOCK.

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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 (2022)

Revenue Breakdown

Contributions & Grants $251

Program Service Revenue $261,399

Investment Income $42

Other Revenue $0

TOTAL REVENUE $261,692

Expense Breakdown

Grants Paid $0

Salaries & Benefits $150,436

Fundraising Expenses $0

Program Expenses $256,049

Other Expenses $137,278

TOTAL EXPENSES $287,714

Year-over-Year Comparison

	2022	2021	Change
Revenue	$261,692	$248,848	+0.1%
Expenses	$287,714	$273,198	+0.1%
Net Income	$-26,022	$-24,350	+0.1%

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

$58,923

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERALD KRUEGER	PRESIDENT	3.00	Officer Director	$0	$0	$0
JESSE COUSINEAU	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
BRYAN FISCHER	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT HANSON	DIRECTOR	1.00	Director	$0	$0	$0
TYLER SACKETT	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH DORMAN	EX-OFFICIO	N/A	Director	$0	$0	$0
DR JAIME WILBUR EX-OFFICIO	EX+OFFICIO	N/A	Director	$0	$0	$0
DAMEN KURZER	EXECUTIVE DI	40.00	Officer	$55,473	$3,450	$58,923

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
2023	$261,692	$287,714	$204,229	$-26,022
2022	$248,848	$273,198	$227,628	$-24,350
2021	$263,812	$267,245	$247,839	$-3,433
2020	$276,351	$270,731	$237,203	$5,620
2019	$233,561	$248,305	$235,923	$-14,744

MICHIGAN SEED POTATO ASSOCIATION