MINNEAPOLIS MEAT CUTTERS & FOOD HA… - Form 990 Financial Data

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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

1973

Legal Domicile

Principal Officer

RENA WONG

Phone

7635251500

Tax Period

2023-01-01 to 2023-12-31

MINNEAPOLIS MEAT CUTTERS & FOOD HANDLERS PROPERTIES INC, founded in 1973, is a small nonprofit that reported $277K in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

BUILDING CORPORATION

Program Service Accomplishments

Program 1

TO HOLD TITLE TO PROPERTY AND EQUIPMENT OCCUPIED AND USED BY UFCW LOCAL UNION NO. 663 (A RELATED ORGANIZATION) AND ITS MEMBERS.

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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 $0

Program Service Revenue $208,633

Investment Income $0

Other Revenue $68,162

TOTAL REVENUE $276,795

Expense Breakdown

Grants Paid $0

Salaries & Benefits $124,718

Fundraising Expenses $0

Other Expenses $168,022

TOTAL EXPENSES $292,740

Year-over-Year Comparison

	2023	2022	Change
Revenue	$276,795	$308,091	-0.1%
Expenses	$292,740	$311,354	-0.1%
Net Income	$-15,945	$-3,263	+3.9%

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

N/A

Employees

Volunteers

N/A

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

$481,533

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RENA WONG	DIRECTOR	1.00	Officer	$0	$24,785	$185,292
MICHAEL LACOSTE	DIRECTOR	1.00	Officer	$0	$24,785	$134,583
MICHAEL POTTER	DIRECTOR - PAST	1.00	Officer	$0	$6,674	$161,658

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	No data	No data	No data	No data
2023	$276,795	$292,740	$510,491	$-15,945
2022	$308,091	$311,354	$525,749	$-3,263
2021	$1,535,520	$1,638,972	$530,059	$-103,452
2020	$267,321	$5,858,301	$602,546	$-5,590,980
2019	$312,993	$292,616	$6,196,102	$20,377
2018	$253,244	$284,982	$5,610,013	$-31,738

MINNEAPOLIS MEAT CUTTERS & FOOD HANDLERS PROPERTIES INC