MIDWEST COUNCIL ON AGRICULTURE

EIN: 871250828 Community Improvement

FERGUS FALLS, MN

Total Revenue
$381,348
Total Expenses
$279,517
Total Assets
$561,486
Net Assets
$541,809
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
MN
Principal Officer
PERRY AASNESS
Phone
2029630656
Tax Period
2024-01-01 to 2024-12-31

MIDWEST COUNCIL ON AGRICULTURE, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $381K in total revenue in fiscal year 2024. The organization ran a surplus of $102K, a strong 27% operating margin.

Mission

THE MIDWEST COUNCIL ON AGRICULTURE IS A MULTI-STATE COALITION OF AGRIBUSINESS, COMMODITY GROUPS AND AGRICULTURE LENDERS WHO PROVIDE ADVOCACY AND EDUCATION TOWARDS A STRONG FEDERAL AGRICULTURE POLICY FOR ITS MEMBER STATES.

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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 $374,500
Program Service Revenue $0
Investment Income $6,848
Other Revenue $0
TOTAL REVENUE $381,348

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $161,389
Other Expenses $279,517
TOTAL EXPENSES $279,517

Year-over-Year Comparison

2024 2023 Change
Revenue $381,348 $400,377 0.0%
Expenses $279,517 $274,111 +0.0%
Net Income $101,831 $126,266 -0.2%
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
16
Independent Members
16
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
6
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PERRY AASNESS PRESIDENT 1.00
Officer Director
$0 $0 $0
NATHAN BERSETH PAST PRESIDE 1.00
Officer Director
$0 $0 $0
JARRED BILLADEU VICE PRESIDE 1.00
Officer Director
$0 $0 $0
SHEILA BURKHARDT DIRECTOR 1.00
Director
$0 $0 $0
JOHN CHRISTIANSON TREASURER 1.00
Officer Director
$0 $0 $0
KELLY DETERDING DIRECTOR 1.00
Director
$0 $0 $0
DAVE JANSON DIRECTOR 1.00
Director
$0 $0 $0
BRADY JANZEN DIRECTOR 1.00
Director
$0 $0 $0
JIM KORIN DIRECTOR 1.00
Director
$0 $0 $0
ANDY MARTIN DIRECTOR 1.00
Director
$0 $0 $0
TARA MAY SECRETARY 1.00
Officer Director
$0 $0 $0
LEVI OTIS DIRECTOR 1.00
Director
$0 $0 $0
ED PROSSER DIRECTOR 1.00
Director
$0 $0 $0
JEFFREY RUSTVANG DIRECTOR 1.00
Director
$0 $0 $0
ALLISON STOCK EXECUTIVE DI 1.00
Officer 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
2024 $381,348 $279,517 $561,486 $101,831
2023 $400,377 $274,111 $459,655 $126,266
2022 $378,157 $240,384 $313,712 $137,773
2021 $216,031 $40,092 $183,116 $175,939
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