Northern Canola Growers Association Inc (EIN 450435502) - 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

1994

Legal Domicile

Principal Officer

Barry Coleman

Phone

7012234124

Tax Period

2022-12-01 to 2023-11-30

Northern Canola Growers Association Inc, founded in 1994, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2022. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $1.0M left a modest 5% surplus.

Mission

To develop markets, education and research programs for canola production.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,075,205

Program Service Revenue $0

Investment Income $1,407

Other Revenue $-15,891

TOTAL REVENUE $1,060,721

Expense Breakdown

Grants Paid $478,942

Salaries & Benefits $12,000

Fundraising Expenses $0

Other Expenses $512,160

TOTAL EXPENSES $1,003,102

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,060,721	$857,411	+0.2%
Expenses	$1,003,102	$829,726	+0.2%
Net Income	$57,619	$27,685	+1.1%

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

N/A

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

$3,200

Total Directors

$9,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tim Mickelson	President	1.00	Officer Director	$2,200	$0	$2,200
Troy Romfo	Vice President	0.70	Officer Director	$1,000	$0	$1,000
Becky Braaten	Secretary/Treasurer	0.20	Officer Director	$0	$0	$0
Mike Brekhus	Director	0.30	Director	$2,000	$0	$2,000
Matt Mongeon	Director	0.30	Director	$600	$0	$600
Zach Jacobson	Director	0.30	Director	$0	$0	$0
Courtney Meduna	Director	0.30	Director	$0	$0	$0
Kristie Sundeen	Director	0.30	Director	$0	$0	$0
Rob Haman	Director	0.30	Director	$0	$0	$0
Pat Murphy	Director	0.30	Director	$1,400	$0	$1,400
Jon Wert	Director	0.30	Director	$1,000	$0	$1,000
Brian Jenks	Director	0.40	Director	$0	$0	$0
Dan Marquardt	Director	0.30	Director	$1,400	$0	$1,400
Barry Coleman	Executive Director	40.00	Officer	$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	$1,060,721	$1,003,102	$409,913	$57,619
2022	$857,411	$829,726	$463,562	$27,685
2021	$853,753	$831,973	$381,351	$21,780
2020	$799,409	$781,567	$357,953	$17,842
2019	$806,660	$772,283	$285,127	$34,377
2018	$719,568	$740,228	$252,573	$-20,660

Northern Canola Growers Association Inc