FARMERS EDUCATIONAL AND COOPERATIVE UNION OF AMERICA - NORTH DAKOTA DIVISION (EIN 450130613) - 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

1927

Legal Domicile

Principal Officer

MATT PERDUE

Phone

7012522340

Tax Period

2024-10-01 to 2025-09-30

FARMERS EDUCATIONAL AND COOPERATIVE UNION OF AMERICA - NORTH DAKOTA DIVISION, founded in 1927, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $6.3M exceeded revenue, resulting in a 69% operating deficit.

Mission

GUIDED BY THE PRINCIPLES OF COOPERATION, LEGISLATIVE AND EDUCATIONAL GOALS.

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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 $1,385,110

Program Service Revenue $1,826,109

Investment Income $212,519

Other Revenue $336,521

TOTAL REVENUE $3,760,259

Expense Breakdown

Grants Paid $419,960

Salaries & Benefits $2,731,642

Fundraising Expenses $0

Other Expenses $3,193,624

TOTAL EXPENSES $6,345,226

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,760,259	$3,415,716	+0.1%
Expenses	$6,345,226	$5,822,230	+0.1%
Net Income	$-2,584,967	$-2,406,514	+0.1%

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

400

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

$684,121

Total Directors

$792,097

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENJAMIN VIG	DIRECTOR	5.00	Director	$22,425	$0	$22,425
JON IVERSON	DIRECTOR	5.00	Director	$20,806	$0	$20,806
MARK WATNE	PRESIDENT	17.00	Officer Director	$586,948	$10,350	$597,298
MICHELLE ZIESCH	DIRECTOR	5.00	Director	$23,958	$0	$23,958
ROBERT FINKEN	DIRECTOR	5.00	Director	$26,812	$0	$26,812
ROBERT KUYLEN	VICE PRESIDENT	5.00	Officer Director	$37,673	$0	$37,673
SHANE SICKLER	TREASURER	5.00	Officer Director	$28,066	$0	$28,066
TYLER STAFSLIEN	DIRECTOR	5.00	Director	$13,975	$0	$13,975
WESLEY NIEDERMAN	SECRETARY	5.00	Officer Director	$21,084	$0	$21,084

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	$3,760,259	$6,345,226	$124,248,550	$-2,584,967
2024	$3,415,716	$5,822,230	$116,007,097	$-2,406,514
2023	$2,773,538	$5,366,521	$106,137,855	$-2,592,983
2022	$2,847,047	$5,054,101	$98,028,819	$-2,207,054
2021	$4,688,383	$4,178,034	$92,870,322	$510,349
2020	$3,366,870	$4,502,992	$81,910,722	$-1,136,122
2019	$3,355,026	$4,771,443	$72,318,473	$-1,416,417
2018	$2,886,915	$4,815,190	$66,196,733	$-1,928,275

FARMERS EDUCATIONAL AND COOPERATIVE UNION OF AMERICA - NORTH DAKOTA DIVISION