CENTRAL MINNESOTA VEGETABLE GROWERS ASSN

EIN: 410948794

Minneapolis, MN

Total Revenue
$609,873
Total Expenses
$556,888
Total Assets
$288,764
Net Assets
$287,565
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
MN
Principal Officer
Virginia Nelson
Phone
6123331718
Tax Period
2024-01-01 to 2024-12-31

CENTRAL MINNESOTA VEGETABLE GROWERS ASSN, founded in 1965, is a small nonprofit that reported $610K in total revenue in fiscal year 2024. Revenue surged 63% from the prior year, signaling strong growth momentum. Expenses of $557K left a modest 9% surplus.

Mission

The Central Minnesota Vegetable Growers Association is a member-based, nonprofit association with over 150 members. Our members directly market their fruits, vegetables and farmstead products to consumers at the Minneapolis Farmers Market. The CMVGA manages, educates and assists in improving production methods and direct-marketing strategies for its members through related partnerships with the University of Minnesota, the Minnesota Department of Agriculture and the Minnesota Grown Promotional Board. The CMVGA members use a wide variety of sustainable growing practices spanning from greenhouse and hydroponics, to fields of fruits and vegetables along with improved practices for the production of farmstead goods. The CMVGA is dedicated to the success of its farmers markets, the future of small farms and agriculture, and most importantly, providing quality to customers.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $28,775
Program Service Revenue $579,054
Investment Income $1,717
Other Revenue $327
TOTAL REVENUE $609,873

Expense Breakdown

Grants Paid $0
Salaries & Benefits $144,815
Fundraising Expenses $0
Other Expenses $412,073
TOTAL EXPENSES $556,888

Year-over-Year Comparison

2024 2023 Change
Revenue $609,873 $375,289 +0.6%
Expenses $556,888 $305,398 +0.8%
Net Income $52,985 $69,891 -0.2%
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

Sign In

Governance

Voting Members
6
Independent Members
6
Employees
8
Volunteers
2

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
3
$1,785
Total Directors
7
$3,570
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Virginia Nelson President/ Secretary 5.00
Officer Director
$595 $0 $595
Terry Picha Vice President 5.00
Officer Director
$595 $0 $595
Bill Brooks Treasurer 5.00
Officer Director
$595 $0 $595
Dave Nathe Board Member 5.00
Director
$595 $0 $595
Gary Bergman Board Member 5.00
Director
$595 $0 $595
Jesse Preiner Board Member 5.00
Director
$595 $0 $595
Kevin Broman Former Board Member 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 $609,873 $556,888 $288,764 $52,985
2023 $375,289 $305,398 $235,662 $69,891
2022 $379,294 $336,383 $192,396 $42,911
2021 $365,500 $318,902 $148,978 $46,598
2020 $329,001 $366,015 $116,806 $-37,014
2019 $349,773 $383,481 $130,288 $-33,708
2018 $424,309 $371,551 $150,146 $52,758
Explore More Nonprofits
Top 100 Nonprofits in Minnesota Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare CENTRAL MINNESOTA VEGETABLE GROWERS ASSN with other nonprofits in Minnesota and across the country.