MINNESOTA PROPANE ASSOCIATION

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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

1948

Legal Domicile

Phone

7636334271

Tax Period

2024-10-01 to 2025-09-30

MINNESOTA PROPANE ASSOCIATION, founded in 1948, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

Seek ways to promote propane to the public as a fuel of choice; provide training and safety material to propane industry; promote safe practices to propane consumers; monitor regulatory and legislative initiatives effecting the propane industry.

Program Service Accomplishments

Program 1

Education: Increases the knowledge and understanding of the safe and proper utilization of propane in the propane industry and among consumers with emphasis on transportation, installation and...

Education: Increases the knowledge and understanding of the safe and proper utilization of propane in the propane industry and among consumers with emphasis on transportation, installation and consumer use of propane and propane equipment by creating, organizing and sponsoring a variety of technical and regulatory programs.

Program 2

Government affairs: Protect the general well-being of the energy consuming public by working with state legislative and regulatory officials to institute legislative and regulatory requirements...

Government affairs: Protect the general well-being of the energy consuming public by working with state legislative and regulatory officials to institute legislative and regulatory requirements within the propane industry for the creation of safe and efficient operating systems.

Program 3

Information services: Relevant information is distributed to the various entities of the propane industry. Produces a bi-weekly news brief email and maintains a web site to enhance the coordination and timeliness of communications with its members and others associated with the propane industry. Provides information to the general public through informational and promotional materials and another web site maintained by the Association on the benefits and safe handling of propane and propane products.

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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 $1,321,624

Program Service Revenue $595,655

Investment Income $-548

Other Revenue $4,381

TOTAL REVENUE $1,921,112

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,876,313

TOTAL EXPENSES $1,876,313

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,921,112	$2,142,763	-0.1%
Expenses	$1,876,313	$2,139,906	-0.1%
Net Income	$44,799	$2,857	+14.7%

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

N/A

Volunteers

100

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHANIE TUMAN	Secretary	2.00	Officer Director	$0	$0	$0
MARLA VERLINDE	Past President	2.00	Officer Director	$0	$0	$0
TONY BUCK	President	6.00	Officer Director	$0	$0	$0
DAVE WAGER	Exec. Director	40.00	Officer Director	$0	$0	$0
DOUG LUND	Director	2.00	Director	$0	$0	$0
MAREN JUNTTI	Treasurer	2.00	Officer Director	$0	$0	$0
TRAVIS SMITH	Director	2.00	Director	$0	$0	$0
PAT BLETH	2nd VP	2.00	Officer Director	$0	$0	$0
JIM JUNG	State Director	2.00	Officer Director	$0	$0	$0
STEPHANIE HENNEN	District Dir.	2.00	Officer Director	$0	$0	$0
HOWARD REINHARD	Director	2.00	Director	$0	$0	$0
JASON AHO	MNPEPSC Pres.	2.00	Officer Director	$0	$0	$0
ROB WINTER	Director	2.00	Director	$0	$0	$0
TREVOR BEAUDRY	Director	2.00	Director	$0	$0	$0
JOHN MCMAHON	Director	2.00	Director	$0	$0	$0
JEFF HEAD	1st VP	2.00	Officer Director	$0	$0	$0
KENTON SONNENBURG	Director	2.00	Director	$0	$0	$0
AUSTIN SINCLAIR	Director	2.00	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
2025	$1,921,112	$1,876,313	$1,426,323	$44,799
2024	$2,142,763	$2,139,906	$1,401,959	$2,857
2023	$2,697,514	$2,696,246	$1,519,335	$1,268
2022	$1,664,231	$1,689,288	$1,583,838	$-25,057
2021	$1,542,606	$1,442,219	$1,698,418	$100,387
2020	$2,118,721	$1,512,072	$1,986,707	$606,649
2019	$1,403,166	$1,483,161	$1,104,553	$-79,995
2018	$1,525,398	$1,462,832	$1,299,432	$62,566