MINNESOTA SOYBEAN GROWERS ASSOCIAT… - Form 990 Financial Data

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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

1962

Legal Domicile

Principal Officer

SCOTT MILLER

Phone

5073881635

Tax Period

2024-09-01 to 2025-08-31

MINNESOTA SOYBEAN GROWERS ASSOCIATION, founded in 1962, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024.

Mission

ESTABLISHED BY SOYBEAN FARMERS IN 1962, THE MINNESOTA SOYBEAN GROWERS ASSOCIATION (MSGA) IS A NON-PROFIT, FARMER-CONTROLLED MEMBERSHIP ORGANIZATION AIMED AT MONITORING GOVERNMENT POLICIES, SUPPORTING RESEARCH ACTIVITIES AND MARKET DEVELOPMENT ACTIVITIES TO IMPROVE THE PROFITABILITY OF SOYBEAN FARMERS THROUGHOUT THE STATE.

Program Service Accomplishments

Program 1

LOBBYING: THE MINNESOTA SOYBEAN GROWERS ASSOCIATION (MSGA) IS THE MAIN ORGANIZATION IN MINNESOTA WHICH DEFENDS SOYBEAN FARMER INTERESTS AT THE STATE CAPITAL. MSGA CONSTANTLY MONITORS THE ACTIONS OF THE MINNESOTA STATE LEGISLATOR AND ENGAGES THOSE LEGISLATORS TO HELP THEM MAKE BETTER DECISIONS FOR MINNESOTA'S SOYBEAN FARMERS. MSGA ENGAGES THOSE LEADERS BY SENDING PRODUCERS, STAFF AND A LOBBYIST TO THE CAPITAL THROUGH-OUT THE ENTIRE YEAR TO HAVE DISCUSSIONS ABOUT HOW DECISIONS IN ST. PAUL AFFECT ALL FARMERS ON A WIDE RANGE OF ISSUES INCLUDING WATER QUALITY, TAXES AND FARM INPUT REGULATION.

Program 2

AG EXPO/SOYBEAN BUSINESS MAGAZINE/YOUNG AND EMERGING FARMER PROGRAM: MSGA IS DEEPLY INVOLVED IN EDUCATING AND COMMUNICATING ITS MESSAGES TO NOT ONLY SOYBEAN PRODUCERS BUT THE ENTIRE AGRICULTURE...

AG EXPO/SOYBEAN BUSINESS MAGAZINE/YOUNG AND EMERGING FARMER PROGRAM: MSGA IS DEEPLY INVOLVED IN EDUCATING AND COMMUNICATING ITS MESSAGES TO NOT ONLY SOYBEAN PRODUCERS BUT THE ENTIRE AGRICULTURE INDUSTRY. IN ORDER TO COMPLETE THIS TASK THE MSGA, IN CONJUNCTION WITH THE MN CORN GROWERS ASSOCIATION, HOLDS AN ANNUAL TRADESHOW AND EDUCATIONAL CONFERENCE WHICH ATTRACTS OVER 1,000 ATTENDEES AND PROVIDES THE AGRICULTURE INDUSTRY WITH THE OPPORTUNITY TO LEARN FROM EXHIBITORS AND SPEAKERS ABOUT HOW TO BE A MORE PROFITABLE FARMER. MSGA ALSO PUBLISHES A BI-MONTHLY MAGAZINE THAT OUTLINES MANY OF THE PROJECTS MANAGED ON BEHALF OF THE MINNESOTA SOYBEAN RESEARCH AND PROMOTION COUNCIL, BUT EDUCATES SOYBEAN PRODUCERS AND THE ACTIONS MSGA HAS TAKEN AT THE CAPITAL ON BEHALF OF ALL SOYBEAN FARMERS. THE MAGAZINE IS DISTRIBUTED FREE OF CHARGE TO OVER 23,000 INDIVIDUALS IN MINNESOTA AND THE SURROUNDING STATES. THE ORGANIZATION ALSO OPERATES EDUCATIONAL/LEADERSHIP PROGRAMS FOR THE INDUSTRY WITH A TRACK SPECIFICALLY FOR YOUNG AND EMERGING FARMERS.

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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 $228,454

Program Service Revenue $1,102,583

Investment Income $8,674

Other Revenue $10,857

TOTAL REVENUE $1,350,568

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,365,696

TOTAL EXPENSES $1,365,696

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,350,568	$1,374,467	0.0%
Expenses	$1,365,696	$1,592,888	-0.1%
Net Income	$-15,128	$-218,421	-0.9%

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

2625

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

$762,328

Total Directors

Key Employees

$257,156

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM SLUNECKA	CHIEF EXECUTIVE OFFICER	0.50	Officer	$0	$46,929	$545,879
JOE SMENTEK	EXECUTIVE DIRECTOR	15.00	Key Emp	$0	$19,583	$257,156
SCOTT MILLER	CHIEF FINANCIAL OFFICER	1.75	Officer	$0	$30,412	$216,449
SEG NIEBUHR	SR. DIRECTOR OF TECHNICAL	1.00	Highest	$0	$24,898	$195,276
ERIC WENBERG	EXECUTIVE DIRECTOR - SSGA	1.00	Highest	$0	$11,532	$164,874
DARIN JOHNSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
RYAN MACKENTHUN	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
ROSE KARAU	TREASURER	0.50	Officer Director	$0	$0	$0
KYLE JORE	SECRETARY	0.50	Officer Director	$0	$0	$0
TREVORE BREKKEN	DIRECTOR	0.50	Director	$0	$0	$0
RAYMOND DEMARS	DIRECTOR	0.50	Director	$0	$0	$0
MARCUS MEINERS	DIRECTOR	0.50	Director	$0	$0	$0
MARK KNUTSON	DIRECTOR	0.50	Director	$0	$0	$0
JAMIE BEYER	DIRECTOR	2.00	Director	$0	$0	$0
BOB WORTH	DIRECTOR	2.00	Director	$0	$0	$0
TIM NELSON	DIRECTOR	0.50	Director	$0	$0	$0
REBECCA SIP	DIRECTOR	0.50	Director	$0	$0	$0
ANDREW MAGES	DIRECTOR	0.50	Director	$0	$0	$0
VERNON POOCH	DIRECTOR	0.50	Director	$0	$0	$0
PAUL MESNER	DIRECTOR	0.50	Director	$0	$0	$0
STEVE BRUSVEN	DIRECTOR	0.50	Director	$0	$0	$0
LAWRENCE SUKALSKI	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT NELSEN	DIRECTOR	0.50	Director	$0	$0	$0
TIM WOLF	DIRECTOR	0.50	Director	$0	$0	$0
DUSTY NEUGEBAUER	DIRECTOR	0.50	Director	$0	$0	$0
RAY HEWITT	DIRECTOR	0.50	Director	$0	$0	$0
PARKER REVIER	DIRECTOR	0.50	Director	$0	$0	$0
MATT PURFEERST	DIRECTOR	0.50	Director	$0	$0	$0
MARK BROWN	DIRECTOR	0.50	Director	$0	$0	$0
LUCAS PETERS	DIRECTOR	0.50	Director	$0	$0	$0
TIM RASMUSSEN	DIRECTOR	0.50	Director	$0	$0	$0
ADAM GUETTER	DIRECTOR	0.50	Director	$0	$0	$0
JUSTIN REMUS	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTOPHER HILL	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN FRUECHTE	DIRECTOR	0.50	Director	$0	$0	$0
DOUG TOREEN	DIRECTOR	0.50	Director	$0	$0	$0
BRAD HOVEL	DIRECTOR	0.50	Director	$0	$0	$0
KEITH NELSEN	DIRECTOR	0.50	Director	$0	$0	$0
BOB LINDEMAN	DIRECTOR	0.50	Director	$0	$0	$0
ANDY PULK	DIRECTOR	0.50	Director	$0	$0	$0
CAL SPRONK	DIRECTOR	0.50	Director	$0	$0	$0
GARY SCHOENFELD	DIRECTOR	0.50	Director	$0	$0	$0
JAMIE SEITZER	DIRECTOR	0.50	Director	$0	$0	$0
JASON CADIEUX	DIRECTOR	0.50	Director	$0	$0	$0
JEFFREY SORENSON	DIRECTOR	0.50	Director	$0	$0	$0
JEREMY TISCHER	DIRECTOR	0.50	Director	$0	$0	$0
JIM KUKOWSKI	DIRECTOR	0.50	Director	$0	$0	$0
JOEL SCHREURS	DIRECTOR	0.50	Director	$0	$0	$0
GEORGE GOBLISH	DIRECTOR	0.50	Director	$0	$0	$0
BRUCE NELSEN	DIRECTOR	0.50	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	$1,350,568	$1,365,696	$1,046,618	$-15,128
2024	$1,374,467	$1,592,888	$1,082,278	$-218,421
2023	$1,156,543	$1,244,224	$1,165,395	$-87,681
2022	$1,148,211	$1,101,490	$1,121,380	$46,721
2021	$766,507	$863,614	$1,173,720	$-97,107
2020	$917,244	$980,271	$958,190	$-63,027
2019	$940,240	$1,074,330	$1,015,653	$-134,090
2018	$1,029,997	$1,062,214	$1,038,717	$-32,217

MINNESOTA SOYBEAN GROWERS ASSOCIATION