FOOD GROUP MINNESOTA INC THE (EIN 411246504) - 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

1976

Legal Domicile

Principal Officer

SOPHIA LENARZ-COY

Phone

7634503860

Tax Period

2023-10-01 to 2024-09-30

FOOD GROUP MINNESOTA INC THE, founded in 1976, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $20.9M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $19.7M left a modest 6% surplus.

Mission

FIGHTING HUNGER. NOURISHING OUR COMMUNITY.

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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 $16,145,410

Program Service Revenue $4,536,107

Investment Income $130,083

Other Revenue $104,795

TOTAL REVENUE $20,916,395

Expense Breakdown

Grants Paid $7,218,556

Salaries & Benefits $4,202,899

Fundraising Expenses $843,754

Program Expenses $17,856,759

Other Expenses $8,286,674

TOTAL EXPENSES $19,708,129

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,916,395	$18,690,707	+0.1%
Expenses	$19,708,129	$17,960,047	+0.1%
Net Income	$1,208,266	$730,660	+0.7%

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

Volunteers

2288

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

$150,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIDGET HAYDEN	SECRETARY	2.00	Officer Director	$0	$0	$0
DAVE SCHMIECHEN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
GEORGI NGUYEN	DIRECTOR	2.00	Director	$0	$0	$0
PATRICE BAILEY	DIRECTOR	2.00	Director	$0	$0	$0
KEITH NARR	CHAIR	2.00	Officer Director	$0	$0	$0
KURT JOHANSEN	TREASURER	2.00	Officer Director	$0	$0	$0
LEAH PORTER	DEVELOPMENT CHAIR	2.00	Officer Director	$0	$0	$0
ANDREW CHELSETH	DIRECTOR	2.00	Director	$0	$0	$0
STEVE KRIKAVA	DIRECTOR	2.00	Director	$0	$0	$0
RHYS WILLIAMS	DIRECTOR	2.00	Director	$0	$0	$0
SARAH KINNEY	DIRECTOR	2.00	Director	$0	$0	$0
SHARMYN PHIPPS	DIRECTOR	2.00	Director	$0	$0	$0
SHARON ROBERG-PEREZ	DIRECTOR	2.00	Director	$0	$0	$0
STEPHANIE SPENCE	DIRECTOR	2.00	Director	$0	$0	$0
SOPHIA LENARZ-COY	EXECUTIVE DIRECTOR	40.00	Officer	$129,349	$20,651	$150,000

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	$20,916,395	$19,708,129	$11,430,812	$1,208,266
2023	$18,690,707	$17,960,047	$7,256,071	$730,660
2022	$14,957,380	$14,955,938	$6,821,261	$1,442
2021	$17,978,828	$17,562,192	$6,336,092	$416,636
2021	$17,978,828	$17,562,192	$6,336,092	$416,636
2020	$18,625,411	$18,153,515	$6,866,592	$471,896
2020	$18,625,411	$18,153,515	$6,866,592	$471,896
2019	$11,908,726	$11,206,731	$5,796,359	$701,995
2018	$10,569,131	$10,637,003	$5,376,556	$-67,872

FOOD GROUP MINNESOTA INC THE