DELAWARE SOYBEAN BOARD

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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

1985

Legal Domicile

Principal Officer

DANIELLE BAUER FARACE

Phone

4107429500

Tax Period

2023-10-01 to 2024-09-30

DELAWARE SOYBEAN BOARD, founded in 1985, is a small nonprofit that reported $446K in total revenue in fiscal year 2023.

Mission

TO COLLECT ASSESSMENTS AND DISBURSE THE MONEY COLLECTED TO FUND PROJECTS RELATED TO MARKETING, PROMOTION OF SOYBEANS AND NEW USES, SOYBEAN EDUCATION, AND SOYBEAN RESEARCH TO DECREASE PRODUCTION COSTS TO FARMERS.

Program Service Accomplishments

Program 1

Expenses: $214,664

REQUIRED BY FEDERAL LAW TO FORWARD HALF THE ASSESSMENTS COLLECTED TO THE UNITED SOYBEAN BOARD.

Program 2

Expenses: $73,501

TO FUND IN-STATE (DELAWARE) SOYBEAN RELATED RESEARCH.

Program 3

Expenses: $114,827

PROMOTION OF SOYBEANS AT VARIOUS FAIRS AND MEETINGS, EDUCATIONAL PROGRAMS ON SOYBEANS AND THEIR MANY USES, COMMUNICATION OF BOARD ACTIVITIES THROUGH NEWS RELEASES, NEWSLETTERS, ANNUAL REPORT, AND...

PROMOTION OF SOYBEANS AT VARIOUS FAIRS AND MEETINGS, EDUCATIONAL PROGRAMS ON SOYBEANS AND THEIR MANY USES, COMMUNICATION OF BOARD ACTIVITIES THROUGH NEWS RELEASES, NEWSLETTERS, ANNUAL REPORT, AND SOCIAL MEDIA.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $11,482

Program Service Revenue $429,378

Investment Income $4,826

Other Revenue $298

TOTAL REVENUE $445,984

Expense Breakdown

Grants Paid $288,165

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $402,992

Other Expenses $152,647

TOTAL EXPENSES $440,812

Year-over-Year Comparison

	2023	2022	Change
Revenue	$445,984	$468,977	0.0%
Expenses	$440,812	$396,383	+0.1%
Net Income	$5,172	$72,594	-0.9%

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
CORY ATKINS	DIRECTOR	Officer	$0	$0	$0
TIM ROGERS	CHAIRMAN	Officer	$0	$0	$0
FRED N WEST III	TREASURER	Officer	$0	$0	$0
ROBBIE EMERSON	DIRECTOR	Officer	$0	$0	$0
KELLIE YEAGER	DIRECTOR	Officer	$0	$0	$0
CHAD DEMPSEY	DIRECTOR	Officer	$0	$0	$0
RICK DICKERSON	VICE CHAIRMAN	Officer	$0	$0	$0
COLBY WATTS	DIRECTOR	Officer	$0	$0	$0
BOB WILLOUGHBY JR	DIRECTOR	Officer	$0	$0	$0
MATT SZELESTEI	DIRECTOR	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
2024	$445,984	$440,812	$393,887	$5,172
2023	$468,977	$396,383	$373,916	$72,594
2022	$489,795	$424,105	$307,817	$65,690
2021	$392,538	$304,869	$223,134	$87,669