NORTH DAKOTA RETAIL ASSOCIATION

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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

1965

Legal Domicile

Principal Officer

MICHAEL RUD

Phone

7012233370

Tax Period

2024-07-01 to 2025-06-30

NORTH DAKOTA RETAIL ASSOCIATION, founded in 1965, is a small nonprofit that reported $563K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $524K left a modest 7% surplus.

Mission

PROVIDE A SUSTAINABLE ENVIRONMENT FOR LEGISLATIVE & REGULATORY ADVOCACY, EDUCATION, NETWORKING AND MEMBER SERVICES FOR OUR INDUSTRIES.

Program Service Accomplishments

Program 1

LOBBYING TRADE ASSOCIATION FOR NORTH DAKOTA RETIAL AND PETROLEUM MARKETERS. THE ASSOCIATION UPDATES THE MEMBERS ON STATE AND NATIONAL LEGISLATION AND REGULATIONS THAT WILL AFFECT THEIR BUSINESS.

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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 $233,525

Program Service Revenue $273,439

Investment Income $19,183

Other Revenue $36,744

TOTAL REVENUE $562,891

Expense Breakdown

Grants Paid $0

Salaries & Benefits $352,808

Fundraising Expenses $0

Other Expenses $171,578

TOTAL EXPENSES $524,386

Year-over-Year Comparison

	2024	2023	Change
Revenue	$562,891	$500,728	+0.1%
Expenses	$524,386	$488,892	+0.1%
Net Income	$38,505	$11,836	+2.3%

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

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

$193,466

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL RUD	PRESIDENT	40.00	Officer	$177,522	$15,944	$193,466
MATT BJORNSON	DIRECTOR-NDP	N/A	Director	$0	$0	$0
MIKE BURGERS	DIRECTOR-NDP	N/A	Director	$0	$0	$0
CHRIS FITTERER	VICE CHAIRMA	N/A	Officer Director	$0	$0	$0
ANDREW FJELDAHL	IMM PAST CHA	N/A	Officer Director	$0	$0	$0
JOE FOUHY	TREASURER -N	N/A	Officer Director	$0	$0	$0
RICK GOTTBREHT	DIRECTOR-NDP	N/A	Director	$0	$0	$0
TOM HAAHR	DIRECTOR-NDP	N/A	Director	$0	$0	$0
TRAVIS HALVORSON	SECRETARY-ND	N/A	Officer Director	$0	$0	$0
PAUL KLOSTERMAN	DIRECTOR-NDP	N/A	Director	$0	$0	$0
JOHN LOVCIK	DIRECTOR-NDP	N/A	Director	$0	$0	$0
TYLER MEYER	DIRECTOR-NDP	N/A	Director	$0	$0	$0
PAUL MUTCH	DIRECTOR-NDP	N/A	Director	$0	$0	$0
DUSTIN NEVA	DIRECTOR-NDP	N/A	Director	$0	$0	$0
SCOTT ROSS	DIRECTOR-NDP	N/A	Director	$0	$0	$0
DEANNE SVALESON	CHAIRMAN-NDP	N/A	Officer Director	$0	$0	$0
CORY VORDERBRUGGEN	DIRECTOR-NDP	N/A	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
2025	$562,891	$524,386	$773,975	$38,505
2024	$500,728	$488,892	$691,044	$11,836
2023	$451,834	$444,714	$676,714	$7,120
2022	$454,237	$417,426	$542,497	$36,811
2021	$408,154	$393,875	$675,968	$14,279
2021	$408,154	No data	$675,968	No data