MINNESOTA TIMBER PRODUCERS ASSOC

EIN: 410578515

DULUTH, MN

Total Revenue
$233,095
Total Expenses
$238,851
Total Assets
$232,390
Net Assets
$219,272
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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

Principal Officer
KELLY KIMBALL
Phone
2187225013
Tax Period
2024-01-01 to 2024-12-31

MINNESOTA TIMBER PRODUCERS ASSOC is a small nonprofit that reported $233K in total revenue in fiscal year 2024.

Mission

LEAD IN THE DEVELOPMENT AND CONSERVATION OF FOREST RESOURCES IN MINNESOTA AND STRENGTHEN AND INCREASE THE PUBLIC'S UNDERSTANDING OF THE TIMBER 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $150,753
Investment Income $26,434
Other Revenue $55,908
TOTAL REVENUE $233,095

Expense Breakdown

Grants Paid $0
Salaries & Benefits $132,620
Fundraising Expenses $0
Other Expenses $106,231
TOTAL EXPENSES $238,851

Year-over-Year Comparison

2024 2023 Change
Revenue $233,095 $220,538 +0.1%
Expenses $238,851 $225,897 +0.1%
Net Income $-5,756 $-5,359 +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

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Governance

Voting Members
49
Independent Members
49
Employees
3
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
3
$91,675
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAY HIGGINS PAST EXECUTI 40.00
Officer
$86,675 $5,000 $91,675
SEE ATTACHED DIRECTORS 1.00
Officer Director
$0 $0 $0
KELLY KIMBALL PRESIDENT 1.00
Officer 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 $233,095 $238,851 $232,390 $-5,756
2023 $220,538 $225,897 $233,905 $-5,359
2022 $227,450 $231,198 $239,273 $-3,748
2021 $199,044 $181,457 $239,441 $17,587
2020 $156,745 $157,892 $224,994 $-1,147
2019 $185,613 $152,590 $221,973 $33,023
2018 $193,124 $179,567 $204,967 $13,557
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