Taylor Family Farms Foundation Inc

EIN: 934509448 501(c)(3) Philanthropy & Grantmaking

North Mankato, MN

Total Revenue
$104,238,144
Total Expenses
$2,808,120
Total Assets
$275,442,636
Net Assets
$275,442,636
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
IA
Principal Officer
Kristin Duncanson
Phone
5076252828
Tax Period
2025-01-01 to 2025-12-31

Taylor Family Farms Foundation Inc, founded in 2023, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $104.2M in total revenue in fiscal year 2025. Revenue surged 3444% from the prior year, signaling strong growth momentum. The organization ran a surplus of $101.4M, a strong 97% operating margin.

Mission

To support and enhance rural communities in Southern Minnesota and Northern Iowa.

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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 $101,348,246
Program Service Revenue $0
Investment Income $61,717
Other Revenue $2,828,181
TOTAL REVENUE $104,238,144

Expense Breakdown

Grants Paid $2,778,657
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,779,921
Other Expenses $29,463
TOTAL EXPENSES $2,808,120

Year-over-Year Comparison

2025 2024 Change
Revenue $104,238,144 $2,941,119 +34.4%
Expenses $2,808,120 $1,728,507 +0.6%
Net Income $101,430,024 $1,212,612 +82.6%
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
5
Independent Members
3
Employees
N/A
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
4
$465,294
Total Directors
5
$465,294
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kristin Duncanson - Chairperson President/ Mankato Area Fdtn Rep 2.00
Officer Director
$0 $0 $0
Jeremy Wells - Vice President St. Paul & MN Foundation Rep 2.00
Officer Director
$0 $58,781 $363,858
Tim Penny - Treasurer Southern MN Initiative Fdtn Rep 2.00
Officer Director
$0 $0 $101,436
Chris Austin Secretary 2.00
Officer Director
$0 $0 $0
James Mulvilhill Director 2.00
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
2025 $104,238,144 $2,808,120 $275,442,636 $101,430,024
2024 $2,941,119 $1,728,507 $174,012,612 $1,212,612
2023 $172,800,000 No data $172,800,000 No data
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