MINNESOTA PROPANE ASSOCIATION (EIN 410838935) - 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

1948

Legal Domicile

Phone

7636334271

Tax Period

2023-10-01 to 2024-09-30

MINNESOTA PROPANE ASSOCIATION, founded in 1948, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring.

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.

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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 $1,712,694

Program Service Revenue $404,637

Investment Income $18,038

Other Revenue $7,394

TOTAL REVENUE $2,142,763

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $2,139,906

TOTAL EXPENSES $2,139,906

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,142,763	$2,697,514	-0.2%
Expenses	$2,139,906	$2,696,246	-0.2%
Net Income	$2,857	$1,268	+1.3%

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
MARLA VERLINDE	President	6.00	Officer Director	$0	$0	$0
TONY BUCK	1st Vice Pres.	2.00	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	MNPEPSC Pres.	2.00	Officer Director	$0	$0	$0
PAT BLETH	Secretary	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
MIKE HOLY	Director	2.00	Director	$0	$0	$0
ROB WINTER	Director	2.00	Director	$0	$0	$0
TREVOR BEAUDRY	Past President	2.00	Officer Director	$0	$0	$0
JOHN MCMAHON	Director	2.00	Director	$0	$0	$0
JEFF HEAD	2nd Vice Pres.	2.00	Officer Director	$0	$0	$0
STEVE GORDER	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
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

MINNESOTA PROPANE ASSOCIATION