VIRGINIA SOYBEAN ASSOCIATION INC

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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

1967

Legal Domicile

Principal Officer

IAN WALKER

Phone

8044661693

Tax Period

2024-07-01 to 2025-06-30

VIRGINIA SOYBEAN ASSOCIATION INC, founded in 1967, is a small nonprofit that reported $356K in total revenue in fiscal year 2024. Expenses of $338K left a modest 5% surplus.

Mission

THE ASSOCIATION'S PRIMARY PURPOSE IS TO PROMOTE AND MARKET SOYBEANS AND THEIR MANY USES, TO PROVIDE EDUCATIONAL MATERIAL TO THE PUBLIC AND SOYBEAN PRODUCERS, AND TO ACT AS A COMMUNICATION LINK TO THOSE IN THE SOYBEAN INDUSTRY.

Program Service Accomplishments

Program 1

PROMOTION & EDUCATION: INFORMATIONAL EXHIBITS AT CONFERENCES, EXPOS, FAIRS AND FESTIVALS AND AT A MUSEUM, SPONSORSHIP OF FARM MEMBERS & SPEAKERS TO ATTEND CONFERENCES AND RELAY THE LATEST SOYBEAN...

PROMOTION & EDUCATION: INFORMATIONAL EXHIBITS AT CONFERENCES, EXPOS, FAIRS AND FESTIVALS AND AT A MUSEUM, SPONSORSHIP OF FARM MEMBERS & SPEAKERS TO ATTEND CONFERENCES AND RELAY THE LATEST SOYBEAN NEWS TO FARMERS, SPONSORSHIP OF ORGANIZATIONS THAT DEVELOP CLASSROOM MATERIALS AND BROADCAST SOYBEAN NEWS TO THE PUBLIC, ISSUING SCHOLARSHIPS TO PROMOTE AGRICULTURAL EDUCATION.

Program 2

RESEARCH: CONDUCT AND DISSEMINATE RESULTS OF VIRGINIA SPECIFIC RESEARCH THROUGH TRAINING SESSIONS, CONFERENCES, OR RESEARCH-ORIENTED FIELD DAYS.

Program 3

PRODUCER COMMUNICATION: PUBLICATIONS AND NEWS RELEASES PROVIDING VIRGINIA'S SOYBEAN PRODUCERS WITH UP-TO-DATE AND PRACTICAL FARMING INFORMATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $9,376

Program Service Revenue $339,297

Investment Income $6,963

Other Revenue $0

TOTAL REVENUE $355,636

Expense Breakdown

Grants Paid $0

Salaries & Benefits $80,072

Fundraising Expenses $0

Other Expenses $258,400

TOTAL EXPENSES $338,472

Year-over-Year Comparison

	2024	2023	Change
Revenue	$355,636	$351,306	+0.0%
Expenses	$338,472	$323,112	+0.0%
Net Income	$17,164	$28,194	-0.4%

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

Volunteers

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICK MOODY	PRESIDENT	1.00	Officer Director	$0	$0	$0
IAN WALKER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JAYSON GILL	TREASURER	1.00	Officer Director	$0	$0	$0
ROB PUCKETTE	TREASURER	1.00	Officer Director	$0	$0	$0
ADAM DAVIS	SECRETARY	1.00	Officer Director	$0	$0	$0
MIKE BRYANT	CHAIRMAN	1.00	Officer Director	$0	$0	$0
KYLE STURGIS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
HUNTER BLAKE	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN CHILTON	DIRECTOR	1.00	Director	$0	$0	$0
JASON DAWLEY	DIRECTOR	1.00	Director	$0	$0	$0
DWIGHT FORRESTER	DIRECTOR	1.00	Director	$0	$0	$0
SANDS GAYLE	DIRECTOR	1.00	Director	$0	$0	$0
RYAN HORSLEY	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN HUDSON	DIRECTOR	1.00	Director	$0	$0	$0
GRAYSON KIRBY	DIRECTOR	1.00	Director	$0	$0	$0
BRAD MONAHAN	DIRECTOR	1.00	Director	$0	$0	$0
JOSEY MOORE	DIRECTOR	1.00	Director	$0	$0	$0
JR NEWCOMB	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT PUGH	DIRECTOR	1.00	Director	$0	$0	$0
WILL REAMES	DIRECTOR	1.00	Director	$0	$0	$0
JASON STUTH	DIRECTOR	1.00	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	$355,636	$338,472	$359,045	$17,164
2024	$351,306	$323,112	$367,056	$28,194
2023	$286,075	$281,587	$323,849	$4,488
2022	$211,807	$217,914	$299,219	$-6,107
2021	$230,552	$183,696	$326,267	$46,856
2020	$237,659	$228,882	$282,403	$8,777
2019	$228,148	$212,057	$276,791	$16,091
2018	$266,809	$268,749	$239,063	$-1,940