MINNESOTA AGRICULTURAL WATER RESOURCES CENTER (EIN 451676970) - 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

2010

Legal Domicile

Principal Officer

WARREN FORMO

Phone

6517682106

Tax Period

2025-01-01 to 2025-12-31

MINNESOTA AGRICULTURAL WATER RESOURCES CENTER, founded in 2010, is a small nonprofit in the Environment sector that reported $599K in total revenue in fiscal year 2025. Revenue decreased 17% compared to the prior year.

Mission

CONDUCT RESEARCH AND EDUCATION PROGRAMS TO HELP AGRICULTURAL ORGANIZATIONS AND FARMERS ADDRESS WATER QUALITY ISSUES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $563,245

Program Service Revenue $35,263

Investment Income $6

Other Revenue $0

TOTAL REVENUE $598,514

Expense Breakdown

Grants Paid $0

Salaries & Benefits $421,427

Fundraising Expenses $4,214

Program Expenses $563,905

Other Expenses $219,366

TOTAL EXPENSES $640,793

Year-over-Year Comparison

	2025	2024	Change
Revenue	$598,514	$721,183	-0.2%
Expenses	$640,793	$636,820	+0.0%
Net Income	$-42,279	$84,363	-1.5%

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

$167,768

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM VELDE	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
GLEN GRAFF	TREASURER	1.00	Officer Director	$0	$0	$0
BOB ROELOFS	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
KARLEN NELSON	SECRETARY	1.00	Officer Director	$0	$0	$0
RODNEY MOE	DIRECTOR	1.00	Director	$0	$0	$0
WARREN FORMO	EXECUTIVE DIRECTOR	40.00	Officer	$137,109	$30,659	$167,768

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	$598,514	$640,793	$374,024	$-42,279
2024	$721,183	$636,820	$424,748	$84,363
2023	$844,617	$713,660	$351,885	$130,957
2022	$581,092	$574,458	$233,859	$6,634
2021	$568,598	$548,301	$249,423	$20,297
2020	$684,470	$815,169	$280,842	$-130,699
2019	$1,116,412	$1,153,876	$359,623	$-37,464
2018	$1,181,667	$1,153,867	$466,871	$27,800

MINNESOTA AGRICULTURAL WATER RESOURCES CENTER