MINNESOTA FARMERS UNION (EIN 410708297) - 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

Legal Domicile

Principal Officer

GARY WERTISH

Phone

6516391223

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA FARMERS UNION is a community nonprofit that reported $4.3M in total revenue in fiscal year 2023. Revenue surged 134% from the prior year, signaling strong growth momentum. Expenses of $3.7M left a modest 13% surplus.

Mission

INFORM, EDUCATE AND REPRESENT OUR MEMBER INTERESTS REGARDING ISSUES IN AGRICULTURE.

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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 $115,190

Program Service Revenue $1,677,324

Investment Income $2,050,341

Other Revenue $455,811

TOTAL REVENUE $4,298,666

Expense Breakdown

Grants Paid $100,000

Salaries & Benefits $1,797,700

Fundraising Expenses $0

Other Expenses $1,824,751

TOTAL EXPENSES $3,722,451

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,298,666	$1,837,036	+1.3%
Expenses	$3,722,451	$2,858,302	+0.3%
Net Income	$576,215	$-1,021,266	-1.6%

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

160

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

$330,250

Total Directors

$330,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY WERTISH	PRESIDENT	39.70	Officer Director	$250,000	$8,250	$258,250
ANNE SCHWAGERL	VICE PRESIDE	39.70	Officer Director	$66,230	$5,770	$72,000
CAROL ANDERSON	CHAIR	1.00	Director	$0	$0	$0
LINDA LARSON	DIRECTOR	1.00	Director	$0	$0	$0
STEVE LINDER	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA ROACH	SECRETARY	1.00	Officer Director	$0	$0	$0
JOSH VANDERPOL	DIRECTOR	1.00	Director	$0	$0	$0
TED WINTER	VICE CHAIR	1.00	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	No data	No data	No data	No data
2023	$4,298,666	$3,722,451	$43,915,988	$576,215
2022	$1,837,036	$2,858,302	$36,827,833	$-1,021,266
2021	$1,479,983	$2,515,016	$33,411,504	$-1,035,033
2020	$1,481,532	$1,764,799	$29,142,450	$-283,267
2019	$1,676,175	$2,857,107	$27,032,492	$-1,180,932
2018	$1,685,932	$2,407,510	$20,922,850	$-721,578

MINNESOTA FARMERS UNION