MIDWEST DAIRY ASSOCIATION (EIN 410433125) - 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

1937

Legal Domicile

Principal Officer

COREY SCOTT

Phone

6514880261

Tax Period

2023-01-01 to 2023-12-31

MIDWEST DAIRY ASSOCIATION, founded in 1937, is a mid-sized nonprofit that reported $24.5M in total revenue in fiscal year 2023.

Mission

MIDWEST DAIRY WORKS WITH OTHERS TO GIVE CONSUMERS AN EXCELLENT DAIRY EXPERIENCE INCREASING SALES, FOSTERING INNOVATION, AND INSPIRING CONSUMER CONFIDENCE OF DAIRY PRODUCTS AND PRACTICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $23,952,234

Investment Income $253,747

Other Revenue $311,637

TOTAL REVENUE $24,517,618

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,198,460

Fundraising Expenses $0

Program Expenses $23,633,138

Other Expenses $17,858,925

TOTAL EXPENSES $25,057,385

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,517,618	$24,870,938	0.0%
Expenses	$25,057,385	$24,836,188	+0.0%
Net Income	$-539,767	$34,750	-16.5%

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

$305,569

Total Directors

$180,865

Key Employees

$373,930

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MOLLY PELZER	CEO	60.00	Officer	$257,799	$24,465	$282,264
BRENDA GOLDMAN	CHIEF ADMIN	55.00	Key Emp	$173,381	$16,779	$190,160
TRUDY WASTWEET	COO	55.00	Key Emp	$167,971	$15,799	$183,770
WENDY MECK	VP ACCOUNTIN	55.00	Highest	$146,531	$18,902	$165,433
MELISSA YOUNG	VP BUSINESS	50.00	Highest	$147,162	$13,635	$160,797
MARTHA KEMPER	VP DAIRY EXP	55.00	Highest	$138,216	$15,105	$153,321
BRIDGET SHEEHAN	VP BUSINESS	50.00	Highest	$138,064	$14,630	$152,694
JAY EDENBORG	VP CORP. COM	50.00	Highest	$135,793	$12,577	$148,370
JONNA SCHUTTE	DIRECTOR	4.00	Director	$8,442	$0	$8,442
MARVIN POST	DIRECTOR	4.00	Director	$7,600	$0	$7,600
ERIC HOESE	DIRECTOR	4.00	Director	$7,425	$0	$7,425
CHARLES KRAUSE	BOARD CHAIR	4.50	Officer Director	$7,100	$0	$7,100
SUZANNE VOLD	DIRECTOR	4.00	Director	$6,885	$0	$6,885
ALLEN MERRILL	DIRECTOR	4.00	Director	$6,558	$0	$6,558
DOUG CARROLL	EX-OFFICIO	4.00	Director	$6,360	$0	$6,360
PAM BOLIN	DIRECTOR	4.00	Director	$5,986	$0	$6,186
MARGARET JOHNSON	DIRECTOR	4.00	Director	$6,150	$0	$6,150
MARK FELLWOCK	DIRECTOR	4.00	Director	$5,990	$0	$6,140
ORVILLE MILLER	EX-OFFICIO	4.00	Director	$6,060	$0	$6,060
SARAH KUECHLE	DIRECTOR	4.00	Director	$5,975	$0	$5,975
ALEX PETERSON	DIRECTOR	4.00	Director	$5,550	$0	$5,550
NATHAN ROTH	DIRECTOR	4.00	Director	$5,455	$0	$5,455
JOYCE RACIDKY	DIRECTOR	4.00	Director	$5,380	$0	$5,380
TOM WALSH	DIRECTOR	4.00	Director	$5,320	$0	$5,320
RITA YOUNG	SECRETARY	4.50	Officer Director	$4,425	$0	$4,425
SUE KLEINGARTNER	DIRECTOR	4.00	Director	$4,400	$0	$4,400
MATT SCHELLING	TREASURER	4.50	Officer Director	$4,400	$0	$4,400
DAVE SCHWARTZ	DIRECTOR	4.00	Director	$4,372	$0	$4,372
LILA KREBS	DIRECTOR	4.00	Director	$4,200	$0	$4,350
LEE MAASSEN	DIRECTOR	4.00	Director	$4,250	$0	$4,250
DAN HOTVEDT	FIRST VICE C	4.50	Officer Director	$4,185	$0	$4,235
KAREN KASPER	DIRECTOR	4.00	Director	$3,890	$0	$4,040
BYRON LEHMAN	DIRECTOR	4.00	Director	$4,005	$0	$4,005
ALAN FEUERHELM	DIRECTOR	4.00	Director	$3,750	$0	$3,750
KRISTINE SPADGENSKE	DIRECTOR	4.00	Director	$3,695	$0	$3,695
BRENT MUELLER	DIRECTOR	4.00	Director	$3,426	$0	$3,426
MARY TEMME	DIRECTOR	4.00	Director	$3,270	$0	$3,270
SHIRLEY HULISKY	DIRECTOR	4.00	Director	$3,240	$0	$3,240
ANTHONY ANDERSON	DIRECTOR	4.00	Director	$3,160	$0	$3,160
BILL DEUTSCH	SECOND VICE	4.50	Officer Director	$3,145	$0	$3,145
MINDI ARENDT	DIRECTOR	4.00	Director	$3,010	$0	$3,010
BARB LIEBENSTEIN	DIRECTOR	4.00	Director	$2,765	$0	$2,765
KATHLEEN MCANDREWS	DIRECTOR	4.00	Director	$2,363	$0	$2,363
DOUG POPP	'22 DIRECTOR	4.00	Director	$2,168	$0	$2,168
MEGAN HERBERG	'22 DIRECTOR	4.00	Director	$1,820	$0	$1,820
JAMES NEUGEBAUER	'22 DIRECTOR	4.00	Director	$1,450	$0	$1,450
DOUG ODE	DIRECTOR	4.00	Director	$900	$0	$900
ROBERT HORST	DIRECTOR	4.00	Director	$820	$0	$820
ANNELIES SEFFROOD	'22 DIRECTOR	4.00	Director	$820	$0	$820
COREY SCOTT	CEO STARTED	0.00	Officer	$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	No data	No data	No data	No data
2023	$24,517,618	$25,057,385	$7,300,289	$-539,767
2022	$24,870,938	$24,836,188	$7,846,581	$34,750
2021	$23,101,295	$22,970,985	$7,228,337	$130,310
2020	$22,680,578	$22,971,833	$7,161,566	$-291,255
2019	$22,470,604	$23,460,625	$7,052,081	$-990,021
2018	$22,632,760	$22,718,911	$8,104,878	$-86,151

MIDWEST DAIRY ASSOCIATION