MINNESOTA STATE HORTICULTURAL SOCI… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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.

Program Service Accomplishments

Program 1

Expenses: $324,555 Revenue: $80,724

THE ORGANIZATION PUBLISHES NORTHERN GARDENER, THE ONLY MAGAZINE CONTAINING INFORMATION WRITTEN ESPECIALLY FOR COLD CLIMATE GARDENERS, FOUR TIMES PER YEAR, OVER 7,800 SUBSCRIBERS.

Program 2

Expenses: $348,899 Revenue: $48,187

EDUCATIONAL PROGRAMS CONSIST OF CONDUCTING NORTHERN GARDENER CLASSES, PROVIDING THE MINNESOTAN GREEN PROGRAM WHICH PROVIDES DONATED PLANT MATERIALS TO THE COMMUNITY GARDEN LOCATIONS. GARDEN-IN-A-BOX PROVIDES FREE OR AT A REDUCED COST A 3X3 CEDAR BOX, PLANT MATERIAL, SOIL AND A FREE CLASS TO LOW-INCOME FAMILIES.

Program 3

Expenses: $16,304 Revenue: $338,867

MEMBERSHIP SERVICES PROVIDES MEMBERS WITH TWO FREE TICKETS TO THE MINNESOTA HOME AND PATIO SHOW AND THE MINNEAPOLIS HOME AND GARDEN SHOW. DISCOUNTS AT OVER 78 GARDEN CENTERS AND NURSERIES, DISCOUNTS IN THE NORTHERN GARDENER BOOKSTORE, EDUCATIONAL CLASSES AND TOURS, FOUR ISSUES AND ELECTRONICALLY TRANSMITTED SUPPLEMENTS OF THE MAGAZINE NORTHERN GARDENER, LENDING PRIVILEGES IN THE LIBRARY. AS OF DECEMBER 31, 2023, THE ORGANIZATION HAD 9,780 MEMBERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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