MILL CITY FARMERS MARKET INC

EIN: 562647640

MINNEAPOLIS, MN

Total Revenue
$162,547
Total Expenses
$191,765
Total Assets
$591,342
Net Assets
$534,794
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
MN
Principal Officer
ELLA DANIELS
Phone
6123417580
Tax Period
2024-01-01 to 2024-12-31

MILL CITY FARMERS MARKET INC, founded in 2007, is a small nonprofit that reported $163K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $192K exceeded revenue, resulting in a 18% operating deficit.

Mission

MISSION: TO INSPIRE AND NURTURE A HEALTHY COMMUNITY BY BUILDING A LOCAL, SUSTAINABLE, AND ORGANIC FOOD ECONOMY IN A VIBRANT EXPERIENTIAL MARKETPLACE.VISION: TO BE A NATIONALLY RECOGNIZED MARKETPLACE MODEL THAT CONNECTS, EDUCATES, AND EMPOWERS A COMMUNITY TO SUPPORT A HEALTHY AND SUSTAINABLE FOOD SYSTEM TO CONTRIBUTE TO THE SUCCESS OF LOCAL FOOD GROWERS AND PRODUCERS.

Program Service Accomplishments

Program 1
Expenses: $57,990 Revenue: $98,493

FACILITATE AND MANAGE WEEKLY FARMERS MARKETS TO PROVIDE ECONOMIC DEVELOPMENT OPPORTUNITIES TO LOCAL FARMERS AND FOOD MAKERS: SUPPORT AND NURTURE MARKET VENDORS TO ENSURE THEIR SUCCESS. PROMOTE AND...

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FACILITATE AND MANAGE WEEKLY FARMERS MARKETS TO PROVIDE ECONOMIC DEVELOPMENT OPPORTUNITIES TO LOCAL FARMERS AND FOOD MAKERS: SUPPORT AND NURTURE MARKET VENDORS TO ENSURE THEIR SUCCESS. PROMOTE AND EDUCATE THE COMMUNITY ON SUSTAINABLE, REGENERATIVE FARMING PRACTICES AND ENVIRONMENTAL CONSERVATION.

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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 $58,722
Program Service Revenue $98,493
Investment Income $65
Other Revenue $5,267
TOTAL REVENUE $162,547

Expense Breakdown

Grants Paid $0
Salaries & Benefits $125,414
Fundraising Expenses $0
Program Expenses $57,990
Other Expenses $66,351
TOTAL EXPENSES $191,765

Year-over-Year Comparison

2024 2023 Change
Revenue $162,547 $204,677 -0.2%
Expenses $191,765 $227,710 -0.2%
Net Income $-29,218 $-23,033 +0.3%
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
9
Independent Members
11
Employees
18
Volunteers
20

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
4
$100,397
Total Directors
9
$100,397
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELLY MCMANUS BOARD CHAIR 0.50
Officer Director
$0 $0 $0
JILL HOLTER BOARD SECRETARY 0.50
Officer Director
$0 $0 $0
RHYS WILLIAMS BOARD TREASURER 0.50
Officer Director
$0 $0 $0
STEVEN HORNER DIRECTOR 0.50
Director
$0 $0 $0
FAYE JONES DIRECTOR 0.50
Director
$0 $0 $0
DAVID STEVENS DIRECTOR 0.50
Director
$0 $0 $0
BRENDA LANGTON DIRECTOR 0.50
Director
$0 $0 $0
DYANNE DRAKE DIRECTOR 0.50
Director
$0 $0 $0
ELLA DANIELS EXECUTIVE DIRECTOR 10.00
Officer Director
$87,212 $13,185 $100,397
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 $162,547 $191,765 $591,342 $-29,218
2023 $204,677 $227,710 $617,914 $-23,033
2022 $214,256 $216,829 $635,037 $-2,573
2021 $346,097 $244,423 $645,037 $101,674
2020 $197,697 $200,910 $521,680 $-3,213
2019 $184,211 $167,874 $532,407 $16,337
2018 $205,835 $173,336 $509,243 $32,499
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