The Hormel Foundation
Austin, Minnesota
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Good
How This Organization Compares
Compared to 132 peers in Philanthropy, Voluntarism & Grantmaking with $10M-$100M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $37,415,875↑9% | $29,418,311↑3% | $1,069,654,211↓31% | |
| 2022 | $34,366,937↓63% | $28,627,138↓11% | $1,540,722,314↑11% | — |
| 2021 | $93,848,142↑217% | $32,074,053↑73% | $1,383,157,373↓5% | — |
| 2020 | $29,596,789↓61% | $18,582,274↓12% | $1,460,095,517↑7% | — |
| 2019 | $76,811,912↑203% | $21,094,632↓20% | $1,367,471,084↑2% | — |
| 2018 | $25,370,690↓7% | $26,467,945↑58% | $1,334,608,656↑23% | — |
| 2017 | $27,304,605↑26% | $16,753,321↓58% | $1,089,311,204↑7% | — |
| 2016 | $21,715,069↓51% | $39,489,938↑102% | $1,017,274,067↓9% | — |
| 2015 | $44,596,803↑137% | $19,573,247↓22% | $1,112,791,126↑36% | — |
| 2014 | $18,816,823↑43% | $25,109,482↓23% | $820,324,598↑17% | — |
| 2013 | $13,187,207↓77% | $32,679,356↑243% | $703,706,545↑41% | — |
| 2012 | $57,871,541↑502% | $9,514,313↓9% | $499,633,921↑13% | — |
| 2011 | $9,606,923 | $10,506,578 | $442,369,518 | — |
Frequently Asked Questions
What does The Hormel Foundation do?▼
The Hormel Foundation is a philanthropy, voluntarism & grantmaking nonprofit organization based in Minnesota. It is classified under NTEE code T30 and is registered as a 501(c) tax-exempt organization with the IRS.
Is The Hormel Foundation financially healthy?▼
Based on our 9-metric Financial Health Score model, The Hormel Foundation has a score of 69/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does The Hormel Foundation generate?▼
The Hormel Foundation reports $40.8M in annual revenue and holds $1.2B in total assets, based on IRS filings.
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