MINNESOTA TURKEY GROWERS ASSOCIATIO

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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

1939

Legal Domicile

Principal Officer

ASHLEY KOHLS

Phone

7636822171

Tax Period

2024-03-01 to 2025-02-28

MINNESOTA TURKEY GROWERS ASSOCIATIO, founded in 1939, is a small nonprofit that reported $626K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $97K, a strong 15% operating margin.

Mission

MINNESOTA TURKEY GROWERS ASSOCIATION ENHANCES THE SUCCESS OF THE MINNESOTA TURKEY INDUSTRY THROUGH MEMBER ENGAGEMENT, STRONG ADVOCACY WITH LEGISLATORS AND PUBLIC OUTREACH.

Program Service Accomplishments

Program 1

THROUGH ADVOCACY, RESEARCH SUPPORT, PROMOTIONAL ACTIVITIES AND AS INFORMATION RESOURCE, THE ASSOCIATION FOSTERS A SUCCESSFUL MINNESOTA TURKEY INDUSTRY AND ITS ABILITY TO MAKE CONTRIBUTIONS TO...

THROUGH ADVOCACY, RESEARCH SUPPORT, PROMOTIONAL ACTIVITIES AND AS INFORMATION RESOURCE, THE ASSOCIATION FOSTERS A SUCCESSFUL MINNESOTA TURKEY INDUSTRY AND ITS ABILITY TO MAKE CONTRIBUTIONS TO CONSUMERS, THE ECONOMY, AND THE ENVIRONMENT. MINNESOTA IS CURRENTLY RANKED NUMBER 1 FOR TURKEY PRODUCTION AND PROCESSING IN THE UNITED STATES WITH ITS APPROXIMATELY 450 TURKEY FARMERS RAISING APPROXIMATELY 40 MILLION TURKEYS IN ANNUALLY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $56,121

Program Service Revenue $516,655

Investment Income $36,283

Other Revenue $16,597

TOTAL REVENUE $625,656

Expense Breakdown

Grants Paid $12,250

Salaries & Benefits $204,988

Fundraising Expenses $0

Other Expenses $311,640

TOTAL EXPENSES $528,878

Year-over-Year Comparison

	2024	2023	Change
Revenue	$625,656	$466,254	+0.3%
Expenses	$528,878	$500,212	+0.1%
Net Income	$96,778	$-33,958	-3.8%

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

$112,394

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHLEY KOHLS	EXECUTIVE DI	40.00	Officer	$106,484	$5,910	$112,394
NATE VAN BECK	TREASURER	4.00	Officer Director	$0	$0	$0
PAUL BOLLE	DIRECTOR	1.00	Director	$0	$0	$0
TIM BRODERICK	DIRECTOR	1.00	Director	$0	$0	$0
BARRY KOPPEN	DIRECTOR	1.00	Director	$0	$0	$0
COREY NELSON	DIRECTOR	1.00	Director	$0	$0	$0
DR JILL NEZWORSKI	DIRECTOR	1.00	Director	$0	$0	$0
RJ ORSTEN	DIRECTOR	1.00	Director	$0	$0	$0
JAKE VLAMINCK	PRESIDENT	4.00	Officer Director	$0	$0	$0
JESSICA WESTBROCK	DIRECTOR	1.00	Director	$0	$0	$0
SHANE WILHELM	VICE PRESIDE	4.00	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
2025	$625,656	$528,878	$1,132,657	$96,778
2024	$466,254	$500,212	$1,035,709	$-33,958
2023	$464,122	$505,048	$1,035,577	$-40,926
2022	$430,641	$398,750	$1,057,272	$31,891
2021	$462,310	$400,022	$1,048,196	$62,288
2020	$633,568	$510,809	$1,142,759	$122,759
2019	$534,081	$573,375	$1,053,020	$-39,294