MINNESOTA ASSOCIATION OF WHEAT GROWERS

EIN: 411284889

RED LAKE FALLS, MN

Total Revenue
$596,060
Total Expenses
$575,832
Total Assets
$781,959
Net Assets
$653,498
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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
MN
Principal Officer
BRIAN SORENSON
Phone
2182534311
Tax Period
2024-07-01 to 2025-06-30

MINNESOTA ASSOCIATION OF WHEAT GROWERS, founded in 1976, is a small nonprofit that reported $596K in total revenue in fiscal year 2024. Expenses of $576K left a modest 3% surplus.

Mission

TO PROMOTE THE GROWING AND MARKETING OF MINNESOTA WHEAT.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,512
Program Service Revenue $500,599
Investment Income $25,002
Other Revenue $59,947
TOTAL REVENUE $596,060

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $575,832
TOTAL EXPENSES $575,832

Year-over-Year Comparison

2024 2023 Change
Revenue $596,060 $606,423 0.0%
Expenses $575,832 $611,052 -0.1%
Net Income $20,228 $-4,629 -5.4%
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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
8

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
5
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE GUNDERSON DIRECTOR 2.00
Director
$0 $0 $0
KEVIN LEISER PRESIDENT 6.00
Officer Director
$0 $0 $0
TATE PETRY SECRETARY/TREASURER 2.00
Officer Director
$0 $0 $0
ERIK YOUNGGREN DIRECTOR 2.00
Director
$0 $0 $0
JUSTIN OSOWSKI 2ND VICE PRESIDENT (ENDED 06/25) 4.00
Officer Director
$0 $0 $0
AUSTEN GERMOLUS 1ST VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
LOGAN JOHNSON MEMBER (STARTED 06/25) 2.00
Director
$0 $0 $0
KRISTIN HAMRE MEMBER (STARTED 06/25) 2.00
Director
$0 $0 $0
BRIAN SORENSON EXECUTIVE DIRECTOR 20.00
Officer
$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 $596,060 $575,832 $781,959 $20,228
2024 $606,423 $611,052 $725,424 $-4,629
2023 $584,981 $579,386 $726,674 $5,595
2022 $535,461 $543,693 $662,069 $-8,232
2021 $450,437 $407,456 $649,310 $42,981
2020 $566,940 $554,526 $627,785 $12,414
2019 $635,773 $616,808 $638,245 $18,965
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