MINNESOTA LAND TRUST

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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

1991

Legal Domicile

Principal Officer

KRIS WILLIAM LARSON

Phone

6516479590

Tax Period

2024-07-01 to 2025-06-30

MINNESOTA LAND TRUST, founded in 1991, is a mid-sized nonprofit in the Environment sector that reported $25.8M in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.4M, a strong 17% operating margin.

Mission

THE MINNESOTA LAND TRUST PROTECTS AND RESTORES MINNESOTA'S MOST VITAL NATURAL LANDS IN ORDER TO PROVIDE WILDLIFE HABITAT, CLEAN WATER, OUTDOOR EXPERIENCES AND SCENIC BEAUTY FOR GENERATIONS TO COME.

Program Service Accomplishments

Program 1

Expenses: $19,130,694 Revenue: $35,175

THE MINNESOTA LAND TRUST ENGAGES IN THREE PRIMARY STRATEGIES TO ACCOMPLISH ITS MISSION. PROTECT: PROTECT IMPORTANT NATURAL HABITATS THROUGH CONSERVATION EASEMENTS AND FEE TITLE TRANSACTIONS. RESTORE: PARTNER WITH GOVERNMENTAL ENTITIES ON RECOVERING THE ECOLOGICAL FUNCTIONS OF THE ST. LOUIS RIVER ESTUARY AND HELP LANDOWNERS RESTORE THEIR PROTECTED LANDS TO NATIVE HABITAT. ENGAGE: INVEST IN EFFORTS DESIGNED TO ENGAGE CURRENT AND FUTURE GENERATIONS OF MINNESOTANS IN THE GREAT OUTDOORS IN ORDER TO MAINTAIN MINNESOTA'S GREAT CONSERVATION ETHIC. SEE SCHEDULE O FOR MORE DETAILS.PROTECTION: THE LAND TRUST WORKS WITH LANDOWNERS AND LOCAL COMMUNITIES TO PROTECT AND RESTORE MINNESOTA'S CHERISHED BUT INCREASINGLY THREATENED LANDS AND WATERS PRIMARILY THROUGH ESTABLISHING, CREATING, AND MONITORING PERPETUAL CONSERVATION EASEMENTS. 760 LAND PROTECTION PROJECTS HAVE BEEN COMPLETED SINCE 1991, TOTALING 79,131 ACRES AND 3,000,000 FEET OF SHORELINE. RESTORATION: THE LAND TRUST HAS PARTNERED WITH LOCAL, STATE, FEDERAL AND TRIBAL ENTITIES ON RESTORATION WORK IN THE ST. LOUIS RIVER ESTUARY, A UNIQUE, 12,000-ACRE WETLAND COMPLEX BETWEEN DULUTH, MN AND SUPERIOR, WI. THE RESTORATION PROGRAM ALSO HELPS PRIVATE LANDOWNERS RESTORE THEIR LAND TO ITS NATURAL STATE, HELPING TO PROTECT WILDLIFE HABITAT AS WELL AS OUR STATE'S SIGNATURE LAKES AND RIVERS. ENGAGEMENT: LAND TRUST FOSTERS A CONSERVATION ETHOS BY BUILDING CONNECTIONS TO NATURE AND INCREASING ACCESS TO MEANINGFUL NATURE EXPERIENCES FOR ALL MINNESOTANS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $25,275,122

Program Service Revenue $35,175

Investment Income $513,901

Other Revenue $1,055

TOTAL REVENUE $25,825,253

Expense Breakdown

Grants Paid $24,930

Salaries & Benefits $4,086,036

Fundraising Expenses $856,098

Program Expenses $19,130,694

Other Expenses $17,301,068

TOTAL EXPENSES $21,433,475

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,825,253	$20,288,868	+0.3%
Expenses	$21,433,475	$19,357,568	+0.1%
Net Income	$4,391,778	$931,300	+3.7%

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

Volunteers

110

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

$360,979

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETE VORBRICH	CHAIR	4.00	Officer Director	$0	$0	$0
BRIDGET LEVIN	VICE-CHAIR, EMERITUS	4.00	Officer Director	$0	$0	$0
KELLY MATSUOKA	VICE-CHAIR	4.00	Officer Director	$0	$0	$0
JANE WYATT	TREASURER	4.00	Officer Director	$0	$0	$0
MARIA CHRISTU	SECRETARY	4.00	Officer Director	$0	$0	$0
CHRISTINE RUPPERT	BOARD MEMBER	2.00	Director	$0	$0	$0
COLLEEN CAREY	BOARD MEMBER	2.00	Director	$0	$0	$0
DRAPER JAFFRAY	BOARD MEMBER	2.00	Director	$0	$0	$0
ELIZABETH WINTON	BOARD MEMBER	2.00	Director	$0	$0	$0
ELLEN JONES	BOARD MEMBER	4.00	Director	$0	$0	$0
ERIN ANDERSON WENZ	BOARD MEMBER	2.00	Director	$0	$0	$0
JANE KINGSTON	BOARD MEMBER	4.00	Director	$0	$0	$0
JENNIE ZUMBUSCH	BOARD MEMBER	2.00	Director	$0	$0	$0
JERRY STEINER	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN KNAPP	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN OBERHOLTZER	BOARD MEMBER	2.00	Director	$0	$0	$0
JULIE ANDRUS	BOARD MEMBER	2.00	Director	$0	$0	$0
KAREN GRIES	BOARD MEMBER	2.00	Director	$0	$0	$0
LIZ DILLON	BOARD MEMBER	2.00	Director	$0	$0	$0
NATHAN EBNET	BOARD MEMBER	2.00	Director	$0	$0	$0
NICKOLAS REINKE	BOARD MEMBER	2.00	Director	$0	$0	$0
NORM GIERTZ	BOARD MEMBER	2.00	Director	$0	$0	$0
ODIA WOOD-KRUEGER	BOARD MEMBER	2.00	Director	$0	$0	$0
RACEY RODNE	BOARD MEMBER	2.00	Director	$0	$0	$0
KRIS WILLIAM LARSON	CEO	40.00	Officer	$198,523	$4,642	$203,165
CLAIRE COLLIANDER	DIRECTOR OF FINANCE AND OP	40.00	Officer	$145,627	$12,187	$157,814
AMY SCHWARZ	GENERAL COUNSEL	40.00	Highest	$148,337	$11,972	$160,309
WAYNE OSTLIE	DIRECTOR OF LAND PROTECTION	40.00	Highest	$132,458	$3,295	$135,753
DARYL PETERSON	DIRECTOR OF RESTORATION PROGRAMS	40.00	Highest	$124,720	$11,617	$136,337
ADAM BREININGER	DIRECTOR OF DEVELOPMENT AND COMMS	40.00	Highest	$106,651	$12,438	$119,089
ANDREW MOE	DIRECTOR OF STEWARDSHIP	40.00	Highest	$101,442	$2,511	$103,953

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	$25,825,253	$21,433,475	$26,759,235	$4,391,778
2024	$20,288,868	$19,357,568	$19,180,781	$931,300
2023	$18,938,328	$18,593,679	$16,822,062	$344,649
2022	$12,321,916	$11,967,869	$15,349,534	$354,047
2021	$17,938,382	$16,309,093	$16,850,851	$1,629,289
2020	$10,120,014	$7,853,401	$13,191,030	$2,266,613
2019	$9,604,008	$8,146,991	$10,331,399	$1,457,017
2018	$8,856,895	$6,118,641	$8,872,350	$2,738,254