AGRICAP FUND 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

2012

Legal Domicile

Principal Officer

KEITH ALVERSON

Phone

6053340100

Tax Period

2024-01-01 to 2024-12-31

AGRICAP FUND INC, founded in 2012, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 97% operating margin.

Mission

TO IMPROVE THE CONDITIONS, EFFICIENCY, AND ECONOMIC GROWTH IN A CHANGING AGRICULTURE ENVIRONMENT.

Program Service Accomplishments

Program 1

THE FUND IS ORGANIZED TO: (I) IMPROVE THE CONDITIONS OF SOUTH DAKOTA CORN PRODUCERS THROUGH THE PRESERVATION AND IMPROVEMENT OF EXISTING FARM PRACTICES. (II) DEVELOP A HIGH DEGREE OF EFFICIENCY IN...

THE FUND IS ORGANIZED TO: (I) IMPROVE THE CONDITIONS OF SOUTH DAKOTA CORN PRODUCERS THROUGH THE PRESERVATION AND IMPROVEMENT OF EXISTING FARM PRACTICES. (II) DEVELOP A HIGH DEGREE OF EFFICIENCY IN AGRICULTURE AND RELATED FIELDS THROUGH THE RESEARCH, DEVELOPMENT AND PROMOTION OF LIVE SCIENCES AND TECHNOLOGY. (III) PROVIDE ITS MEMBERS WITH THE OPPORTUNITY FOR LASTING ECONOMIC GROWTH IN A CHANGING AGRICULTURE ENVIRONMENT. IN ADDITION, THE FUND MAY ENGAGE IN SUCH OTHER PURPOSES AS ARE ALLOWED TO A NONPROFIT CORPORATION UNDER LAW AND AS AUTHORIZED BY THE BOARD OF DIRECTORS.

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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 $0

Program Service Revenue $1,303,478

Investment Income $388,494

Other Revenue $0

TOTAL REVENUE $1,691,972

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $52,043

TOTAL EXPENSES $52,043

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,691,972	$1,082,134	+0.6%
Expenses	$52,043	$73,595	-0.3%
Net Income	$1,639,929	$1,008,539	+0.6%

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

Governance

Voting Members

Independent Members

Employees

N/A

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
KEITH ALVERSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
DANITA MURRAY	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
ROBERT WALSH	DIRECTOR	1.00	Director	$0	$0	$0
RYAN WAGNER	DIRECTOR	1.00	Director	$0	$0	$0
DAVE ELLENS	DIRECTOR	1.00	Director	$0	$0	$0
JIM KETELHUT	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
2024	$1,691,972	$52,043	$25,490,908	$1,639,929
2023	$1,082,134	$73,595	$19,355,965	$1,008,539
2022	$2,597,817	$15,798	$18,171,706	$2,582,019
2021	$234,116	$90,532	$13,003,774	$143,584
2020	$324,083	$4,891,528	$12,859,691	$-4,567,445
2019	$381,746	$10,889	$17,289,199	$370,857
2018	$2,429,132	$7,136	$16,653,294	$2,421,996