Lake Itasca Region Pioneer Farmers (EIN 411430700) - 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

1993

Legal Domicile

Principal Officer

Charleen Olson

Phone

2186942685

Tax Period

2023-10-01 to 2024-09-30

Lake Itasca Region Pioneer Farmers, founded in 1993, is a small nonprofit in the Recreation & Sports sector that reported $130K in total revenue in fiscal year 2023. The organization ran a surplus of $55K, a strong 43% operating margin.

Mission

To preserve the heritage of the agricultural and lumber industry

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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 $41,402

Program Service Revenue $55,017

Investment Income $518

Other Revenue $32,754

TOTAL REVENUE $129,691

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $74,305

Other Expenses $74,305

TOTAL EXPENSES $74,305

Year-over-Year Comparison

	2023	2022	Change
Revenue	$129,691	$125,564	+0.0%
Expenses	$74,305	$79,143	-0.1%
Net Income	$55,386	$46,421	+0.2%

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

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
Bryan Mesich	President	4.00	Officer	$0	$0	$0
Scott Hemmerich	Vice President	4.00	Officer	$0	$0	$0
Megan Teige	Secretary	2.00	Officer	$0	$0	$0
Charlene Olson	Treasurer	2.50	Officer	$0	$0	$0
Tim Ranisate	Director	1.00	Director	$0	$0	$0
Keith Burtler	Director	1.00	Director	$0	$0	$0
Mike Gartner	Director	1.00	Director	$0	$0	$0
MonaRae Teige	Director	1.00	Director	$0	$0	$0
Tammy Kortan	Director	1.00	Director	$0	$0	$0
Phyllis Baumann	Director	1.00	Director	$0	$0	$0
Terry Hoie	Director	1.00	Director	$0	$0	$0
Duane Bolduc	Director	1.00	Director	$0	$0	$0
Brandon Wastweet	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
2024	$129,691	$74,305	$1,108,508	$55,386
2023	$125,564	$79,143	$1,053,122	$46,421
2022	$105,104	$86,737	$1,006,701	$18,367
2021	$283,314	$66,470	$988,334	$216,844
2020	$14,692	$42,501	$771,490	$-27,809
2019	$89,504	$57,742	$799,299	$31,762
2018	$82,647	$70,215	$767,537	$12,432

Lake Itasca Region Pioneer Farmers