Just for Nuts Inc

EIN: 880752926 501(c)(3) Public & Societal Benefit

Luverne, MN

Total Revenue
$75,134
Total Expenses
$16,552
Total Assets
$103,205
Net Assets
$103,205
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
MN
Principal Officer
Michael Davis
Phone
5072834027
Tax Period
2024-01-01 to 2024-12-31

Just for Nuts Inc, founded in 2022, is a micro nonprofit in the Public & Societal Benefit sector that reported $75K in total revenue in fiscal year 2024. Revenue fell 66% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $59K, a strong 78% operating margin.

Mission

Just for Nuts is a 501C3 nonprofit organization with the intention of being a perpetual fund with ongoing interests including the goal of making landmarks and destination attractions including the maintenance of current projects to help increase tourism for the local economy.

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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 $75,134
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $75,134

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $378
Program Expenses $13,037
Other Expenses $16,552
TOTAL EXPENSES $16,552

Year-over-Year Comparison

2024 2023 Change
Revenue $75,134 $220,052 -0.7%
Expenses $16,552 $176,406 -0.9%
Net Income $58,582 $43,646 +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
7
Independent Members
6
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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Betty Mann Trustee 2.00
Director
$0 $0 $0
William Rolfs Trustee 2.00
Director
$0 $0 $0
Tammy Makram Trustee 0.00
Director
$0 $0 $0
Debra J Luethje Trustee 0.00
Director
$0 $0 $0
Michael Davis President 2.00
Officer
$0 $0 $0
Vance Walgrave Vice President 10.00
Officer
$0 $0 $0
Katie Walgrave SecretaryTreasurer 10.00
Officer
$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 No data No data No data No data
2024 $75,134 $16,552 $103,205 $58,582
2023 $220,052 $176,406 $44,623 $43,646
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