MIDWEST FOOD PRODUCTS ASSOCIATION INC (EIN 390711980) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1905

Legal Domicile

Principal Officer

NICHOLAS NOVAK

Phone

6082559946

Tax Period

2024-10-01 to 2025-09-30

MIDWEST FOOD PRODUCTS ASSOCIATION INC, founded in 1905, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Expenses of $956K left a modest 5% surplus.

Mission

TO FOSTER AND PROMOTE THE PROCESSING OF VEGETABLES, FRUITS AND OTHER FOODS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $57,090

Program Service Revenue $910,547

Investment Income $42,798

Other Revenue $0

TOTAL REVENUE $1,010,435

Expense Breakdown

Grants Paid $69,000

Salaries & Benefits $401,261

Fundraising Expenses $0

Other Expenses $485,311

TOTAL EXPENSES $955,572

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,010,435	$952,328	+0.1%
Expenses	$955,572	$932,858	+0.0%
Net Income	$54,863	$19,470	+1.8%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
BRAD KRINGS	DIRECTOR	1.00	Director	$0	$0	$0
MARK ENTER	DIRECTOR	1.00	Director	$0	$0	$0
JON A BREKKEN	DIRECTOR	1.00	Director	$0	$0	$0
ROB ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
RUSTY SCHIEBER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAVID BARRETT	DIRECTOR	1.00	Director	$0	$0	$0
STEVE FREGA	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
MIKE MANEY	DIRECTOR	1.00	Director	$0	$0	$0
EDIE ARMSTRONG	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
TRAVIS HIETPAS	DIRECTOR	1.00	Director	$0	$0	$0
TRICIA KWAK	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS B NOVAK	PRESIDENT (HIRED IN 2025)	40.00	Officer Director	$0	$0	$0
TOM BROWN	ASSOC. MEMBER REPRESENTATIVE	1.00	Director	$0	$0	$0
JEN PINO-GALLAGHER	ASSOC. MEMBER REPRESENTATIVE	1.00	Director	$0	$0	$0
DEAN BECKER FORMER	ASSOC. MEMBER REPRESENTATIVE	1.00	Director	$0	$0	$0
JASON CULOTTA FORMER	PRESIDENT	40.00		$201,337	$21,393	$222,730

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	$1,010,435	$955,572	$2,170,084	$54,863
2024	$952,328	$932,858	$1,947,743	$19,470
2023	$973,208	$928,737	$1,654,613	$44,471
2022	$1,114,154	$931,325	$1,328,897	$182,829
2021	$669,490	$649,624	$1,655,370	$19,866
2020	$817,569	$778,378	$1,369,267	$39,191
2019	$876,862	$818,122	$1,263,566	$58,740

MIDWEST FOOD PRODUCTS ASSOCIATION INC