MINNESOTA GROCERS EDUCATION FOUNDATION (EIN 411724568) - 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

1992

Legal Domicile

Principal Officer

JAMIE PFUHL

Phone

6512280973

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA GROCERS EDUCATION FOUNDATION, founded in 1992, is a small nonprofit in the Education sector that reported $184K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $172K left a modest 7% surplus.

Mission

THE MINNESOTA GROCERS EDUCATION FOUNDATION ESTABLISHED THE MN GROCERS ASSOCIATION SCHOLARSHIP PROGRAM TO RECOGNIZE AND AID DESERVING STUDENTS RELATED TO MN'S FOOD INDUSTRY BY VIRTUE OF THEIR PARENTS' EMPLOYMENT OR THEIR OWN PART-TIME EMPLOYMENT BY FIRMS WHICH ARE MEMBERS OF MGA, TO HELP DESERVING STUDENTS WITH COLLEGE EXPENSES, TO INDIRECTLY AID THE COLLEGES ATTENDED BY RECIPIENTS, AND TO IMPROVE THE MORALE OF EMPLOYEES OF FIRMS WHICH ARE MEMBERS OF MGA.

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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 $191,879

Program Service Revenue $0

Investment Income $4,118

Other Revenue $-11,697

TOTAL REVENUE $184,300

Expense Breakdown

Grants Paid $36,750

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $140,984

Other Expenses $135,478

TOTAL EXPENSES $172,228

Year-over-Year Comparison

	2023	2022	Change
Revenue	$184,300	$207,696	-0.1%
Expenses	$172,228	$216,011	-0.2%
Net Income	$12,072	$-8,315	-2.5%

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

$211,618

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMIE PFUHL	PRESIDENT	1.00	Officer	$0	$22,480	$211,618
CRAIG THORVIG	CHAIR	0.25	Director	$0	$0	$0
TOM BUYSSE	VICE CHAIR	0.25	Director	$0	$0	$0
DIANA COLBURN	DIRECTOR	0.25	Director	$0	$0	$0
KENT DIXON	DIRECTOR	0.25	Director	$0	$0	$0
JEREMIAH HINKEMEYER	DIRECTOR	0.25	Director	$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	No data	No data	No data	No data
2023	$184,300	$172,228	$604,583	$12,072
2022	$207,696	$216,011	$542,803	$-8,315
2021	$150,500	$122,947	$589,696	$27,553

MINNESOTA GROCERS EDUCATION FOUNDATION