Minnesota Farmers Market Association

EIN: 900425842 Community Improvement

Nerstrand, MN

Total Revenue
$225,670
Total Expenses
$310,435
Total Assets
$34,941
Net Assets
$33,536
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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
1998
Legal Domicile
MN
Principal Officer
Kathleen Zeman
Phone
5076649446
Tax Period
2025-01-01 to 2025-12-31

Minnesota Farmers Market Association, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $226K in total revenue in fiscal year 2025. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $310K exceeded revenue, resulting in a 38% operating deficit.

Mission

We envision a community of vibrant, profitable, and professionally managed farmers markets that provide all Minnesotans access to local farm fresh foods, allow local producers to thrive and grow, and ensure that these opportunities are available to everyone regardless of ethnicity, age, gender identity, or economic standing.

Program Service Accomplishments

Program 1
Expenses: $189,204 Revenue: $97,807

Farmer Education - Our Farmers Market Academy, Cottage Foods Academy, and annual conference provide a broad suite of resources to help markets and vendors stay safe and legal. Participation doubled...

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Farmer Education - Our Farmers Market Academy, Cottage Foods Academy, and annual conference provide a broad suite of resources to help markets and vendors stay safe and legal. Participation doubled in the second year of our Grow Your Green initiative to help more farmers achieve profitability. 238 farmers participated in the program, which includes workshops, a workbook, and monthly coaching.

Program 2
Expenses: $91,497 Revenue: $108,806

Member Support - We coordinate an insurance program for our markets and vendors and support members with discounts on industry resources, access to MFMA grant programs, and targeted training.

Program 3
Expenses: $14,913 Revenue: $10,000

Research and Data Collection - We work with the USDA, Minnesota Department of Agriculture, and local universities to collect data on prices of farm products at farmers markets; and data on shoppers...

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Research and Data Collection - We work with the USDA, Minnesota Department of Agriculture, and local universities to collect data on prices of farm products at farmers markets; and data on shoppers, vendors, and management at farmers markets.

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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 (2025)

Revenue Breakdown

Contributions & Grants $221,143
Program Service Revenue $3,200
Investment Income $99
Other Revenue $1,228
TOTAL REVENUE $225,670

Expense Breakdown

Grants Paid $14,462
Salaries & Benefits $86,153
Fundraising Expenses $0
Program Expenses $295,614
Other Expenses $149,511
TOTAL EXPENSES $310,435

Year-over-Year Comparison

2025 2024 Change
Revenue $225,670 $394,542 -0.4%
Expenses $310,435 $292,643 +0.1%
Net Income $-84,765 $101,899 -1.8%
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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Governance

Voting Members
14
Independent Members
14
Employees
2
Volunteers
5

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
5
$46,880
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bonnie Muellerliele President 0.20
Officer Director
$0 $0 $0
Tom Nechodomu Vice President 0.20
Officer Director
$0 $0 $0
Sarah Larsen Secretary 0.20
Officer Director
$0 $0 $0
Ron Branch Treasurer 0.50
Officer Director
$0 $0 $0
Robin Heinen Director 0.20
Director
$0 $0 $0
Kim Guenther Director 0.20
Director
$0 $0 $0
Ruth White Director 0.10
Director
$0 $0 $0
Leticia Rodriguez Director 0.10
Director
$0 $0 $0
Angelica Pena Director 0.10
Director
$0 $0 $0
Chamisa Godwin Director 0.10
Director
$0 $0 $0
Tessa Parks Director 0.20
Director
$0 $0 $0
Heidi Eger Director 0.20
Director
$0 $0 $0
Jane Windsperger Director 0.20
Director
$0 $0 $0
Laura Fredrickson-Gosewisch Director 0.20
Director
$0 $0 $0
Kathleen Zeman Executive Director 29.00
Officer
$46,880 $0 $46,880
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 $225,670 $310,435 $34,941 $-84,765
2024 No data No data No data No data
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