Hilltop Regional Kitchen (EIN 821626826) - 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

2017

Legal Domicile

Principal Officer

Katherine Mackendanz

Phone

2188416913

Tax Period

2024-01-01 to 2024-12-31

Hilltop Regional Kitchen, founded in 2017, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $103K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $117K exceeded revenue, resulting in a 14% operating deficit.

Mission

Serve fresh and frozen meals to seniors, disabled and homebound individuals in central MN. Over 60,000 meals served annually to over 400 individuals.

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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 $78,266

Program Service Revenue $24,168

Investment Income $449

Other Revenue $0

TOTAL REVENUE $102,883

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $117,191

Other Expenses $117,191

TOTAL EXPENSES $117,191

Year-over-Year Comparison

	2024	2023	Change
Revenue	$102,883	$87,195	+0.2%
Expenses	$117,191	$108,435	+0.1%
Net Income	$-14,308	$-21,240	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Reportable Comp	Other Comp	Total
Richard Hest	President	15.00	$0	$0	$0
Carol Aspengren	VP	5.00	$0	$0	$0
Katherine Mackedanz	Treas/Sec	5.00	$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	$102,883	$117,191	$1,035,947	$-14,308
2023	$87,195	$108,435	$1,050,255	$-21,240
2022	$125,047	$87,341	$1,071,495	$37,706
2021	$78,885	$78,809	$1,033,789	$76
2020	$113,215	$73,182	$1,033,713	$40,033
2019	$105,340	$82,504	$993,680	$22,836

Hilltop Regional Kitchen