NORTH DAKOTA RETAIL ASSOCIATION

EIN: 450282500

BISMARCK, ND

Total Revenue
$562,891
Total Expenses
$524,386
Total Assets
$773,975
Net Assets
$555,930
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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
ND
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.

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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%)

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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

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Governance

Voting Members
18
Independent Members
16
Employees
2
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
6
$193,466
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
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
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