Minnesota Foundation For Agriculture (EIN 411574656) - 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

1987

Legal Domicile

Principal Officer

Karin Schaefer

Phone

6517682101

Tax Period

2023-10-01 to 2024-09-30

Minnesota Foundation For Agriculture, founded in 1987, is a small nonprofit that reported $247K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $225K left a modest 9% surplus.

Mission

Promote agriculture through the support of education, leadership, research, and promotion.

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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 $192,089

Program Service Revenue $0

Investment Income $20,274

Other Revenue $34,410

TOTAL REVENUE $246,773

Expense Breakdown

Grants Paid $140,111

Salaries & Benefits $0

Fundraising Expenses $4,664

Program Expenses $186,675

Other Expenses $84,469

TOTAL EXPENSES $224,580

Year-over-Year Comparison

	2023	2022	Change
Revenue	$246,773	$214,650	+0.1%
Expenses	$224,580	$324,237	-0.3%
Net Income	$22,193	$-109,587	-1.2%

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

$445,521

Total Directors

$106,150

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dan Glessing	President	10.00	Officer Director	$0	$0	$59,540
Carolyn Olson	Vice President	1.00	Officer Director	$0	$0	$13,800
Jeff Pagel	Director	1.00	Director	$0	$0	$3,450
Bob Roelofs	Director	1.00	Director	$0	$0	$4,200
Peter Bakken	Director	1.00	Director	$0	$0	$6,110
Nathan Collins	Director	1.00	Director	$0	$0	$4,050
Fran Miron	Director	1.00	Director	$0	$0	$4,950
Miles Kuschel	Director	1.00	Director	$0	$0	$7,200
Shayne Isane	Director	1.00	Director	$0	$0	$2,850
Steve Schoenfeld	Promotion & Education Chair	1.00	Director	$0	$0	$0
Jessica Bester	Young Farmers & Ranchers Chair	1.00	Director	$0	$0	$0
Karin Schaefer	Executive Director/Secretary	4.00	Officer	$0	$36,571	$187,948
Dave Johnson	Director of Operations/Treasurer	4.00	Officer	$0	$34,970	$184,233

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	$246,773	$224,580	$558,296	$22,193
2023	$214,650	$324,237	$478,034	$-109,587
2022	$181,025	$257,104	$538,997	$-76,079
2021	$509,730	$253,358	$790,675	$256,372
2020	$213,937	$230,350	$458,464	$-16,413
2019	$280,445	$235,366	$464,032	$45,079
2018	$262,388	$310,112	$446,255	$-47,724

Minnesota Foundation For Agriculture