NORTHERN MINNESOTA-WISCONSIN AREA RETAIL FOOD HEALTH & WELFARE FUND (EIN 416175286) - 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

1959

Legal Domicile

Principal Officer

BOYD HANSON

Phone

2187284231

Tax Period

2023-01-01 to 2023-12-31

NORTHERN MINNESOTA-WISCONSIN AREA RETAIL FOOD HEALTH & WELFARE FUND, founded in 1959, is a mid-sized nonprofit that reported $15.6M in total revenue in fiscal year 2023. Expenses of $15.0M left a modest 4% surplus.

Mission

PROVIDE HEALTH AND WELFARE BENEFITS

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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 $0

Program Service Revenue $15,391,934

Investment Income $211,434

Other Revenue $0

TOTAL REVENUE $15,603,368

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $895,287

TOTAL EXPENSES $15,033,901

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,603,368	$15,567,390	+0.0%
Expenses	$15,033,901	$15,847,621	-0.1%
Net Income	$569,467	$-280,231	-3.0%

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

Governance

Voting Members

Independent Members

N/A

Employees

Volunteers

N/A

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

Total Directors

$558,764

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES GLEB	TRUSTEE	1.00	Director	$0	$15,419	$130,108
ALLEN PRIOLO	TRUSTEE - ALTERNATE - PAST	1.00	Director	$0	$15,158	$105,392
ABRAHAM WANGNOO	TRUSTEE	1.00	Director	$0	$15,724	$112,393
STACY SPEXET	TRUSTEE	1.00	Director	$0	$15,689	$107,120
ADAM EVENSTAD	TRUSTEE - ALTERNATE	1.00	Director	$0	$16,053	$103,751
BOYD HANSON	TRUSTEE	1.00	Director	$0	$0	$0
COURTNEY ANDERSON	TRUSTEE	1.00	Director	$0	$0	$0
GREG KREMER	TRUSTEE	1.00	Director	$0	$0	$0
AMY ANDREWS	TRUSTEE - ALTERNATE	1.00	Director	$0	$0	$0
DAVID VADNAIS	TRUSTEE - ALTERNATE	1.00	Director	$0	$0	$0
BRUCE ANDERSON	TRUSTEE - ALTERNATE - PAST	1.00	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	$15,603,368	$15,033,901	$9,691,808	$569,467
2022	$15,567,390	$15,847,621	$8,790,969	$-280,231
2021	$16,178,140	$15,909,987	$9,554,218	$268,153
2020	$16,360,341	$14,258,490	$9,524,021	$2,101,851
2019	$17,126,987	$17,085,645	$7,326,887	$41,342
2018	$17,675,106	$16,158,348	$7,191,179	$1,516,758

NORTHERN MINNESOTA-WISCONSIN AREA RETAIL FOOD HEALTH & WELFARE FUND