Agricultural Utilization Research Institute

EIN: 411635043 501(c)(3) Food, Agriculture & Nutrition

Crookston, MN

Total Revenue
$6,450,690
Total Expenses
$6,467,339
Total Assets
$8,815,408
Net Assets
$6,400,794
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
MN
Principal Officer
Shannon Schlecht
Phone
2182817600
Tax Period
2024-07-01 to 2025-06-30

Agricultural Utilization Research Institute, founded in 1989, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $6.5M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

AURI is an economic catalyst for the agricultural industry, taking innovative ideas from concept to reality to build a stronger agricultural economy.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,797,393
Program Service Revenue $388,059
Investment Income $262,032
Other Revenue $3,206
TOTAL REVENUE $6,450,690

Expense Breakdown

Grants Paid $4,700
Salaries & Benefits $4,408,672
Fundraising Expenses $0
Program Expenses $3,936,741
Other Expenses $2,053,967
TOTAL EXPENSES $6,467,339

Year-over-Year Comparison

2024 2023 Change
Revenue $6,450,690 $7,013,347 -0.1%
Expenses $6,467,339 $6,353,391 +0.0%
Net Income $-16,649 $659,956 -1.0%
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

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Governance

Voting Members
11
Independent Members
11
Employees
38
Volunteers
11

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
5
$254,612
Total Directors
13
$7,105
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Federico Tripodi Chair 3.00
Officer Director
$2,000 $0 $2,000
John Schafer Vice Chair (Resigned Jan. 2025) 3.00
Officer Director
$1,220 $0 $1,220
Carolyn Olson Secretary/Treasurer 3.00
Officer Director
$1,160 $0 $1,160
Kent Heins Director 3.00
Director
$0 $0 $0
Jon Veldhouse Vice Chair (as of Jan. 2025) 3.00
Officer Director
$1,060 $0 $1,060
Joe Serbus Director 3.00
Director
$480 $0 $480
Ted Winter Director 3.00
Director
$275 $0 $275
Mikayla Tabert Director 3.00
Director
$580 $0 $580
Jeff Grev Director 3.00
Director
$330 $0 $330
Lauren McNamara Director 3.00
Director
$0 $0 $0
Senator Aric Putnam Director 3.00
Director
$0 $0 $0
Representative Samantha Vang Director (Resigned Jan. 2025) 3.00
Director
$0 $0 $0
Representative Rick Hansen Director (as of Jan. 2025) 3.00
Director
$0 $0 $0
Shannon Schlecht Executive Director 40.00
Officer
$209,463 $39,709 $249,172
Luca Zullo Sr. Director of Science & Technology 40.00
Highest
$150,166 $19,083 $169,249
Jennifer Wagner-Lahr Sr. Director of Business Development & Commerciali 40.00
Highest
$126,884 $34,206 $161,090
Adam Stratton Sr. Director of Operations & Finance 40.00
Highest
$124,944 $34,186 $159,130
Jason Robinson Business Development Director, Food 40.00
Highest
$113,040 $14,812 $127,852
Michael Sparby Commercialization Director 40.00
Highest
$107,590 $32,978 $140,568
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 $6,450,690 $6,467,339 $8,815,408 $-16,649
2024 $7,013,347 $6,353,391 $8,882,711 $659,956
2023 $6,457,680 $6,243,627 $6,675,740 $214,053
2022 $5,034,016 $4,961,957 $6,538,023 $72,059
2021 $5,389,230 $4,722,058 $5,866,335 $667,172
2020 $5,073,559 $4,709,500 $5,668,171 $364,059
2019 $4,467,171 $4,675,841 $4,704,852 $-208,670
2018 $4,494,846 $4,592,750 $4,946,100 $-97,904
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