MINNESOTA MILK PRODUCERS ASSOCIATION (EIN 411469481) - 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

1977

Legal Domicile

Principal Officer

LUCAS SJOSTROM

Phone

3204294838

Tax Period

2023-10-01 to 2024-09-30

MINNESOTA MILK PRODUCERS ASSOCIATION, founded in 1977, is a small nonprofit in the Community Improvement sector that reported $490K in total revenue in fiscal year 2023. Expenses of $541K exceeded revenue, resulting in a 10% operating deficit.

Mission

TO MAKE PUBLIC THE VIEWS AND OBJECTIVES OF WHOLESALE MILK OR PRODUCER PRICING AND/OR PERTAIN TO MILK PRODUCERS.

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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 $131,800

Program Service Revenue $354,326

Investment Income $7,130

Other Revenue $-2,848

TOTAL REVENUE $490,408

Expense Breakdown

Grants Paid $17,662

Salaries & Benefits $13,275

Fundraising Expenses $0

Other Expenses $509,809

TOTAL EXPENSES $540,746

Year-over-Year Comparison

	2023	2022	Change
Revenue	$490,408	$500,062	0.0%
Expenses	$540,746	$418,166	+0.3%
Net Income	$-50,338	$81,896	-1.6%

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

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

$12,200

Total Directors

$16,718

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHELLY DEPESTEL	VICE PRESIDENT	8.00	Officer Director	$5,425	$0	$5,425
GARRETT LUTHENS	PRESIDENT	4.00	Officer Director	$2,350	$0	$2,350
SADIE FRERICKS	SECRETARY	2.00	Officer Director	$1,425	$0	$1,425
RICK SMITH	TREASURER	3.00	Officer Director	$3,000	$0	$3,000
TOM WALSH	DIRECTOR	2.00	Director	$2,293	$0	$2,293
AARON VOGT	DIRECTOR - LEFT DURING THE YEAR	2.00	Director	$1,425	$0	$1,425
ELLIOT EPPLE	DIRECTOR - LEFT DURING THE YEAR	2.00	Director	$800	$0	$800
LUCAS SJOSTROM	EXECUTIVE DIRECTOR	50.00	Officer	$0	$0	$0
ANDY KAMENICK	FINANCE DIRECTOR	7.50	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	$490,408	$540,746	$551,147	$-50,338
2024	No data	No data	No data	No data
2023	$500,062	$418,166	$665,004	$81,896
2021	$536,553	$455,858	$490,032	$80,695
2020	$588,625	$519,227	$443,526	$69,398
2019	$532,438	$581,278	$385,786	$-48,840

MINNESOTA MILK PRODUCERS ASSOCIATION