MINNESOTA STATE HORTICULTURAL SOCIETY (EIN 410635199) - 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

1866

Legal Domicile

Principal Officer

LARA LAU-SCHOMMER

Phone

6516433601

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA STATE HORTICULTURAL SOCIETY, founded in 1866, is a community nonprofit in the Environment sector that reported $1.1M in total revenue in fiscal year 2023. The organization ran a surplus of $216K, a strong 20% operating margin.

Mission

TO SERVE NORTHERN GARDENERS THROUGH EDUCATION, ENCOURAGEMENT AND COMMUNITY.

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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 $478,735

Program Service Revenue $527,487

Investment Income $28,925

Other Revenue $59,635

TOTAL REVENUE $1,094,782

Expense Breakdown

Grants Paid $10,001

Salaries & Benefits $402,457

Fundraising Expenses $39,906

Program Expenses $689,758

Other Expenses $466,207

TOTAL EXPENSES $878,665

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,094,782	$1,049,657	+0.0%
Expenses	$878,665	$996,036	-0.1%
Net Income	$216,117	$53,621	+3.0%

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

200

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

$85,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDY MACMANUS	DIRECTOR	1.00	Director	$0	$0	$0
RENAY LEONE	SECRETARY	2.00	Officer Director	$0	$0	$0
MARY MEYER	CHAIR	2.00	Officer Director	$0	$0	$0
STEVE POPPE	DIRECTOR	1.00	Director	$0	$0	$0
PAUL MARKWARDT	TREASURER	2.00	Officer Director	$0	$0	$0
LAURA WAGNER	DIRECTOR	1.00	Director	$0	$0	$0
MARY MARROW	VICE CHAIR	2.00	Officer Director	$0	$0	$0
NAN ESERKALN	DIRECTOR	1.00	Director	$0	$0	$0
RHYS WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
JILL RULLI	DIRECTOR	2.00	Director	$0	$0	$0
GAIL HUDSON	DIRECTOR	1.00	Director	$0	$0	$0
RANDY NELSON	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW DON SMITH	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN TROTT	DIRECTOR	1.00	Director	$0	$0	$0
LARA LAU-SCHOMMER	EXECUTIVE DIRECTOR	40.00	Officer	$80,000	$5,000	$85,000

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	$1,094,782	$878,665	$1,055,453	$216,117
2022	$1,049,657	$996,036	$800,929	$53,621
2021	$831,158	$955,237	$929,297	$-124,079
2021	$400,499	$465,081	$811,875	$-64,582
2020	$1,355,219	$706,684	$925,351	$648,535
2019	$729,794	$976,867	$293,595	$-247,073
2018	$1,015,292	$1,064,390	$587,211	$-49,098
2018	$955,999	$1,064,389	$528,199	$-108,390

MINNESOTA STATE HORTICULTURAL SOCIETY