MINNESOTA GRAIN & FEED ASSOCIATION (EIN 410248640) - 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

1933

Legal Domicile

Principal Officer

LAURA LEMKE

Phone

6514548212

Tax Period

2024-10-01 to 2025-09-30

MINNESOTA GRAIN & FEED ASSOCIATION, founded in 1933, is a small nonprofit that reported $465K in total revenue in fiscal year 2024. Expenses of $437K left a modest 6% surplus.

Mission

ASSOCIATION ORGANIZED TO PROMOTE THE GRAIN ELEVATOR INDUSTRY AND PROVIDE EDUCATION RELEVANT TO THE 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $27,720

Program Service Revenue $324,336

Investment Income $68,925

Other Revenue $43,810

TOTAL REVENUE $464,791

Expense Breakdown

Grants Paid $7,500

Salaries & Benefits $242,859

Fundraising Expenses $30,428

Other Expenses $186,364

TOTAL EXPENSES $436,723

Year-over-Year Comparison

	2024	2023	Change
Revenue	$464,791	$445,089	+0.0%
Expenses	$436,723	$433,814	+0.0%
Net Income	$28,068	$11,275	+1.5%

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

$142,722

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL SIMPSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVE ESTREM	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MARK HERBERG	SECRETARY	1.00	Officer Director	$0	$0	$0
BOB HEIM	TREASURER	1.00	Officer Director	$0	$0	$0
KENT BERGERSON	DIRECTOR	1.00	Director	$0	$0	$0
ANNDEE ERICKSON	DIRECTOR	1.00	Director	$0	$0	$0
NICK JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
NICHOLAS KOSTER	DIRECTOR	1.00	Director	$0	$0	$0
LAURA LEMKE	EXECUTIVE DI	40.00	Officer	$119,654	$23,068	$142,722

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	$464,791	$436,723	$717,448	$28,068
2024	$445,089	$433,814	$721,092	$11,275
2023	$445,293	$437,255	$546,385	$8,038
2022	$521,847	$598,874	$527,833	$-77,027
2021	$452,350	$445,271	$641,566	$7,079
2020	$536,194	$529,913	$486,171	$6,281
2019	$610,265	$635,579	$437,173	$-25,314
2018	$602,850	$629,482	$499,008	$-26,632

MINNESOTA GRAIN & FEED ASSOCIATION