MINNESOTA HORSE EXPOSITION INC

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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

1981

Legal Domicile

Principal Officer

SUE SUTER

Phone

6128687650

Tax Period

2024-06-01 to 2025-05-31

MINNESOTA HORSE EXPOSITION INC, founded in 1981, is a small nonprofit that reported $371K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring.

Mission

PROVIDE ON-GOING YEAR ROUND PROMOTION OF THE HORSE INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $373,859 Revenue: $352,143

ANNUAL EXPO HELD AT THE MINNESOTA FAIRGROUNDS FOR EDUCATION AND PROMOTION OF THE HORSE INDUSTRY. THIS YEAR THE ANNUAL EXPO WAS HELD AT CANTERBURY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,250

Program Service Revenue $360,742

Investment Income $6,772

Other Revenue $-1,640

TOTAL REVENUE $371,124

Expense Breakdown

Grants Paid $30,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $373,859

Other Expenses $367,533

TOTAL EXPENSES $397,533

Year-over-Year Comparison

	2024	2023	Change
Revenue	$371,124	$663,892	-0.4%
Expenses	$397,533	$629,603	-0.4%
Net Income	$-26,409	$34,289	-1.8%

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

N/A

Volunteers

125

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
DARRELL MEAD	PRESIDENT	10.00	Officer Director	$0	$0	$0
LESLIE RUSSELL STEWART	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
DAWN MOORE	SECRETARY	1.00	Officer Director	$0	$0	$0
SUE SUTER	TREASURER	10.00	Officer Director	$0	$0	$0
ANN GRANEY HOFFMANN	DIRECTOR	1.00	Director	$0	$0	$0
SANDY HELGESEN	DIRECTOR	1.00	Director	$0	$0	$0
DAVE FLEISCHHAKER	DIRECTOR	1.00	Director	$0	$0	$0
ERIN CORCORAN	DIRECTOR	1.00	Director	$0	$0	$0
DEB WEBBER	DIRECTOR	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
2025	$371,124	$397,533	$214,022	$-26,409
2024	$663,892	$629,603	$496,530	$34,289
2023	$767,846	$784,040	$493,414	$-16,194
2022	$766,278	$552,811	$340,167	$213,467