MINNESOTA FOREST INDUSTRIES INC (EIN 410626915) - 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

1969

Legal Domicile

Principal Officer

RICK HORTON

Phone

2187225013

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA FOREST INDUSTRIES INC, founded in 1969, is a small nonprofit that reported $742K in total revenue in fiscal year 2023.

Mission

TO INFORM AND EDUCATE THE PUBLIC ABOUT FOREST INDUSTRIES PRACTICES IN MINNESOTA

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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 $736,609

Program Service Revenue $0

Investment Income $4,670

Other Revenue $836

TOTAL REVENUE $742,115

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $295,991

Fundraising Expenses $0

Other Expenses $410,908

TOTAL EXPENSES $756,899

Year-over-Year Comparison

	2023	2022	Change
Revenue	$742,115	$729,901	+0.0%
Expenses	$756,899	$586,536	+0.3%
Net Income	$-14,784	$143,365	-1.1%

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

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

$187,556

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM PARMA	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS HEGG	DIRECTOR	1.00	Director	$0	$0	$0
ERIC TODD	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN BIGNALL	DIRECTOR	1.00	Director	$0	$0	$0
TOM RADOVICH	DIRECTOR/PRESIDENT	1.00	Officer Director	$0	$0	$0
QUINTIN LEGLER	DIRECTOR	1.00	Director	$0	$0	$0
ALLEN RAUSHEL	TREASURER	1.00	Officer Director	$0	$0	$0
CAMERON LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
DAN TOIVONEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVE TWINING	DIRECTOR	1.00	Director	$0	$0	$0
RICK HORTON	EXECUTIVE VP	40.00	Officer	$138,643	$48,913	$187,556

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	$742,115	$756,899	$517,977	$-14,784
2022	$729,901	$586,536	$541,518	$143,365
2021	$785,019	$725,572	$382,538	$59,447
2020	$724,829	$699,963	$335,213	$24,866
2019	$746,696	$715,053	$311,506	$31,643
2018	$761,206	$794,617	$315,904	$-33,411

MINNESOTA FOREST INDUSTRIES INC