Future Farmers of America - MN Minnesota (EIN 416038238) - 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

1953

Legal Domicile

Principal Officer

TJ Brown

Phone

6056951861

Tax Period

2023-01-01 to 2023-12-31

Future Farmers of America - MN Minnesota, founded in 1953, is a community nonprofit in the Youth Development sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 6% surplus.

Mission

Agricultural Education

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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 $1,057,161

Program Service Revenue $89,888

Investment Income $1,806

Other Revenue $0

TOTAL REVENUE $1,148,855

Expense Breakdown

Grants Paid $0

Salaries & Benefits $255,765

Fundraising Expenses $0

Program Expenses $951,165

Other Expenses $829,837

TOTAL EXPENSES $1,085,602

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,148,855	$899,394	+0.3%
Expenses	$1,085,602	$738,180	+0.5%
Net Income	$63,253	$161,214	-0.6%

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

Volunteers

450

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

$183,764

Total Directors

$183,764

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Julie Tolosky	Ex Officio	40.00	Officer Director	$74,000	$0	$74,000
Lavyne Rada	Interim ED	40.00	Officer Director	$57,264	$0	$57,264
Ashley Crowson	Opperations	16.00	Officer Director	$30,000	$0	$30,000
Dennis Bjorklund	Opperations	16.00	Officer Director	$22,500	$0	$22,500
Seena Glessing	Adult Board Mem	0.00	Director	$0	$0	$0
Val Aarsvold	Adult Board Mem	0.00	Director	$0	$0	$0
Eleora DeMuth	Adult Board Mem	0.00	Director	$0	$0	$0
Brad Nord	Board Member	0.00	Director	$0	$0	$0
Rich Larson	Board Member	0.00	Director	$0	$0	$0
Zane Sheehan	Adult Board Mem	0.00	Director	$0	$0	$0
Abbie Savage	Adult Board Mbr	0.00	Director	$0	$0	$0
Magnus Nelson	Adult Board Mbr	0.00	Director	$0	$0	$0
Kayla Brune	Adult Board Mbr	0.00	Director	$0	$0	$0
Mary Hoffmann	Adult Board Mbr	0.00	Director	$0	$0	$0
Pam Koenen	Adult Board Mbr	0.00	Director	$0	$0	$0
Cara Soukup	Adult Board Mbr	0.00	Director	$0	$0	$0
Evan Gough	Adult Board Mbr	0.00	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	$1,148,855	$1,085,602	$460,357	$63,253
2022	$899,394	$738,180	$396,204	$161,214
2021	$568,184	$492,768	$234,990	$75,416
2020	$374,451	$408,946	$159,574	$-34,495
2019	$500,638	$407,121	$194,069	$93,517
2018	$421,948	$407,093	$100,552	$14,855

Future Farmers of America - MN Minnesota