HOPKINS RASPBERRY FESTIVAL ASSOCIATION (EIN 411390949) - 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

1991

Legal Domicile

Principal Officer

JEFF DULAC

Tax Period

2023-11-01 to 2024-10-31

HOPKINS RASPBERRY FESTIVAL ASSOCIATION, founded in 1991, is a small nonprofit that reported $160K in total revenue in fiscal year 2023. Revenue surged 141% from the prior year, signaling strong growth momentum. The organization ran a surplus of $86K, a strong 54% operating margin.

Mission

FOR SOCIAL AND CIVIC BETTERMENT OF THE CITY OF HOPINS, MINNESOTA

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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 $3,650

Program Service Revenue $65,000

Investment Income $11,740

Other Revenue $79,750

TOTAL REVENUE $160,140

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $73,710

Other Expenses $73,710

TOTAL EXPENSES $73,710

Year-over-Year Comparison

	2023	2022	Change
Revenue	$160,140	$66,476	+1.4%
Expenses	$73,710	$91,532	-0.2%
Net Income	$86,430	$-25,056	-4.4%

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABBY PETERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LAUREN PAULSON	BOARD MEMBER	1.00	Director	$0	$0	$0
BETH KOEHLER	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIA ROSS	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT KERSSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
BEN GOODLUND	BOARD MEMBER	1.00	Director	$0	$0	$0
AUBREE YUNKER	BOARD MEMBER	1.00	Director	$0	$0	$0
NICK KNUTSON	C0 EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$0	$0
LOUJEAN GLEASON	CO EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$0	$0
LIZZIE WALLNER	SECRETARY	1.00	Officer	$0	$0	$0
ALAN SCHUTTE	VICE PRESIDENT	1.00	Officer	$0	$0	$0
JEFF DULAC	PRESIDENT	1.00	Officer	$0	$0	$0
SUSIE NORMANDIN	GAMBLING MANAGER	32.00	Officer	$0	$0	$0
CHARLIE YUNKER	FINANCE DIRECTOR	1.00	Officer	$0	$0	$0
JERELD HANSON	TREASURER	1.00	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
2024	$160,140	$73,710	$282,129	$86,430
2023	$66,476	$91,532	$195,082	$-25,056
2022	$112,698	$68,079	$220,268	$44,619
2021	$104,710	$88,736	$181,734	$15,974
2020	$108,450	$55,224	$182,665	$53,226
2019	$85,903	$79,816	$99,151	$6,087
2018	$92,311	$86,633	$95,289	$5,678

HOPKINS RASPBERRY FESTIVAL ASSOCIATION