MINNESOTA AGRICULTURAL AIRCRAFT ASSOCIATION INC (EIN 411465481) - 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

1968

Legal Domicile

Principal Officer

SAM HEIDERSCHEIDT

Phone

9522265874

Tax Period

2025-01-01 to 2025-12-31

MINNESOTA AGRICULTURAL AIRCRAFT ASSOCIATION INC, founded in 1968, is a small nonprofit that reported $110K in total revenue in fiscal year 2025. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $31K, a strong 28% operating margin.

Mission

TO INFORM AND EDUCATE THE PUBLIC, GOVERNMENT BODIES, AND INDUSTRY THROUGH THE COLLECTION AND DISSEMINATION OF INFORMATION CONCERNING AERIAL APPLICATION OF CROP PROTECTION MATERIALS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $40,899

Program Service Revenue $66,822

Investment Income $2,065

Other Revenue $0

TOTAL REVENUE $109,786

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,800

Fundraising Expenses $0

Program Expenses $77,552

Other Expenses $37,697

TOTAL EXPENSES $78,497

Year-over-Year Comparison

	2025	2024	Change
Revenue	$109,786	$121,515	-0.1%
Expenses	$78,497	$153,112	-0.5%
Net Income	$31,289	$-31,597	-2.0%

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

$40,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THERESA STIEREN	EXEC DIRECTO	40.00	Director	$40,800	$0	$40,800
RILEY FARDER	SECRETARY/TR	5.00	Director	$0	$0	$0
DAN GEIST	N DIRECTOR	2.00	Director	$0	$0	$0
NIC HEIDERSCHEDIT	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
SAM HEIDERSCHEIDT	PRESIDENT	5.00	Officer Director	$0	$0	$0
RYAN LUBBEN	DIRECTOR AT	2.00	Director	$0	$0	$0
JOHN RICARD	CENTRAL DIRE	2.00	Director	$0	$0	$0
TONY SCHWENK	S DIRECTOR	2.00	Director	$0	$0	$0
BOONE CARLSON	PRESIDENT	N/A		$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	$109,786	$78,497	$171,428	$31,289
2024	$121,515	$153,112	$140,139	$-31,597
2023	$98,166	$77,701	$171,736	$20,465
2022	$103,354	$85,089	$151,271	$18,265
2021	$51,669	$57,092	$133,006	$-5,423
2020	$149,017	$154,258	$138,429	$-5,241
2019	$122,112	$98,543	$143,670	$23,569
2018	$122,776	$116,042	$120,101	$6,734

MINNESOTA AGRICULTURAL AIRCRAFT ASSOCIATION INC