MINNESOTA CANAL & RESERVOIR CO (EIN 840479607) - 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

1903

Legal Domicile

Principal Officer

WILLY KISTLER

Phone

7192070472

Tax Period

2024-01-01 to 2024-12-31

MINNESOTA CANAL & RESERVOIR CO, founded in 1903, is a micro nonprofit that reported $64K in total revenue in fiscal year 2024. The organization ran a surplus of $29K, a strong 45% operating margin.

Mission

MAINTAIN RESERVOIR AND CANAL, DELIVER WATER TO MEMBERS VIA CANAL

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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 $0

Program Service Revenue $62,867

Investment Income $1,373

Other Revenue $0

TOTAL REVENUE $64,240

Expense Breakdown

Grants Paid $0

Salaries & Benefits $800

Fundraising Expenses $0

Program Expenses $35,135

Other Expenses $34,335

TOTAL EXPENSES $35,135

Year-over-Year Comparison

	2024	2023	Change
Revenue	$64,240	$63,495	+0.0%
Expenses	$35,135	$35,289	0.0%
Net Income	$29,105	$28,206	+0.0%

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

N/A

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

$400

Total Directors

$400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLY KISTLER	PRESIDENT	2.00	Officer	$300	$0	$300
JOHN CLAWSON	DIRECTOR	1.00	Director	$200	$0	$200
TOM GILLESPIE	DIRECTOR	1.00	Director	$100	$0	$100
KURT GRIMM	DIRECTOR	1.00	Director	$100	$0	$100
D RICHARD KENDALL	VICE PRESIDENT	1.00	Officer	$100	$0	$100

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	No data	No data	No data	No data
2024	$64,240	$35,135	$771,776	$29,105
2023	$63,495	$35,289	$758,356	$28,206
2022	$56,128	$47,631	$745,835	$8,497
2021	$56,517	$41,975	$752,626	$14,542
2020	$60,645	$38,096	$752,989	$22,549
2019	$58,163	$81,153	$745,022	$-22,990
2018	$60,577	$63,792	$782,169	$-3,215

MINNESOTA CANAL & RESERVOIR CO