MINNESOTA FFA FOUNDATION INC (EIN 416038263) - 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

VAL AARSVOLD

Phone

5075340188

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA FFA FOUNDATION INC, founded in 1953, is a small nonprofit in the Education sector that reported $693K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Net assets of $3.8M represent 66 months of operating reserves.

Mission

TO PROVIDE FINANCIAL SUPPORT TO FFA (FORMERLY FUTURE FARMERS OF AMERICA) PROGRAMS AND STUDENTS IN MINNESOTA.

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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 $685,579

Program Service Revenue $0

Investment Income $9,342

Other Revenue $-2,331

TOTAL REVENUE $692,590

Expense Breakdown

Grants Paid $222,640

Salaries & Benefits $184,279

Fundraising Expenses $39,210

Program Expenses $596,631

Other Expenses $352,794

TOTAL EXPENSES $759,713

Year-over-Year Comparison

	2023	2022	Change
Revenue	$692,590	$559,649	+0.2%
Expenses	$759,713	$512,836	+0.5%
Net Income	$-67,123	$46,813	-2.4%

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

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

$96,851

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE TESCH	CHAIR	2.00	Officer Director	$0	$0	$0
JENNY DOERING	CHAIR ELECT	2.00	Officer Director	$0	$0	$0
PAT DINGELS	PAST CHAIR	2.00	Officer Director	$0	$0	$0
STACI MARTIN	TREASURER	2.00	Officer Director	$0	$0	$0
PATRICE BAILEY	SECRETARY	2.00	Officer Director	$0	$0	$0
GARY SLOAN	EXEC. BOARD SPONSOR	2.00	Officer Director	$0	$0	$0
BRUCE MATHIOWETZ	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTA WILLIAMSON	DIRECTOR	2.00	Director	$0	$0	$0
ERIN LARSON	DIRECTOR	2.00	Director	$0	$0	$0
GARY WERTISH	DIRECTOR	2.00	Director	$0	$0	$0
JASMINE STRINGER	DIRECTOR	2.00	Director	$0	$0	$0
JOE SERBUS	DIRECTOR	2.00	Director	$0	$0	$0
LARA DURBEN	DIRECTOR	2.00	Director	$0	$0	$0
LAUREN STOEL	DIRECTOR	2.00	Director	$0	$0	$0
MARK JIRIK	DIRECTOR	2.00	Director	$0	$0	$0
MAT VAUPEL	DIRECTOR	2.00	Director	$0	$0	$0
NATHAN PURRINGTON	DIRECTOR	2.00	Director	$0	$0	$0
PAULA MOHR	DIRECTOR	2.00	Director	$0	$0	$0
PETER GRUNDMAN	DIRECTOR	2.00	Director	$0	$0	$0
VALERIE VELDE	DIRECTOR	2.00	Director	$0	$0	$0
VAL AARSVOLD	EXECUTIVE DIRECTOR	40.00	Officer	$96,851	$0	$96,851

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	$692,590	$759,713	$3,830,402	$-67,123
2022	$559,649	$512,836	$3,710,013	$46,813
2021	$2,249,236	$449,595	$3,664,820	$1,799,641
2020	$1,186,882	$474,333	$1,665,080	$712,549
2019	$459,624	$473,798	$871,748	$-14,174
2018	$639,714	$487,354	$838,408	$152,360

MINNESOTA FFA FOUNDATION INC