KENTUCKY SOYBEAN ASSOCIATION INC (EIN 310889506) - Form 990 Financial Analysis & Trantor Score

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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

1970

Legal Domicile

Principal Officer

DEBBIE ELLIS

Phone

2703657214

Tax Period

2023-07-01 to 2024-06-30

KENTUCKY SOYBEAN ASSOCIATION INC, founded in 1970, is a small nonprofit that reported $187K in total revenue in fiscal year 2023. Expenses of $229K exceeded revenue, resulting in a 22% operating deficit.

Mission

SOYBEAN MARKET DEVELOPMENT AND RESEARCH

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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 $43,955

Program Service Revenue $133,050

Investment Income $9,958

Other Revenue $0

TOTAL REVENUE $186,963

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $228,988

TOTAL EXPENSES $228,988

Year-over-Year Comparison

	2023	2022	Change
Revenue	$186,963	$193,688	0.0%
Expenses	$228,988	$200,377	+0.1%
Net Income	$-42,025	$-6,689	+5.3%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL ADAMS	TREASURER	N/A	Director	$0	$0	$0
LAUREN BICKETT	DIRECTOR	N/A	Director	$0	$0	$0
BILL CLIFT	DIRECTOR	N/A	Director	$0	$0	$0
DANNY FARRIS	DIRECTOR	N/A	Director	$0	$0	$0
MATT GAJDZIK	DIRECTOR	N/A	Director	$0	$0	$0
BRENNAN GILKISON	DIRECTOR	N/A	Director	$0	$0	$0
AARON HALE	DIRECTOR	N/A	Director	$0	$0	$0
ADAM HENDRICKS	PRESIDENT	N/A	Director	$0	$0	$0
BRYAN KUEGEL	DIRECTOR	N/A	Director	$0	$0	$0
DREW LANGLEY	DIRECTOR	N/A	Director	$0	$0	$0
MATT MOSS	DIRECTOR	N/A	Director	$0	$0	$0
DAN PIRTLE	DIRECTOR	N/A	Director	$0	$0	$0
QUINT POTTINGER	DIRECTOR	N/A	Director	$0	$0	$0
CONNER RAYMOND	DIRECTOR	N/A	Director	$0	$0	$0
JONATHAN REYNOLDS	VICE PRESIDE	N/A	Director	$0	$0	$0
SPENCER SIMS	DIRECTOR	N/A	Director	$0	$0	$0
BRAD STEPHEN	DIRECTOR	N/A	Director	$0	$0	$0
JEREMY STULL	DIRECTOR	N/A	Director	$0	$0	$0
GREG THOMAS	DIRECTOR	N/A	Director	$0	$0	$0
JEREMY TUCKER	DIRECTOR	N/A	Director	$0	$0	$0
CLAY WELLS	SECRETARY	N/A	Director	$0	$0	$0
SHANE WELLS	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL WILLIFORD	DIRECTOR	N/A	Director	$0	$0	$0
DAVID WINCHELL	DIRECTOR	N/A	Director	$0	$0	$0
CATLIN YOUNG	DIRECTOR	N/A	Director	$0	$0	$0
DEBBIE ELLIS	EXECUTIVE DI	N/A	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
2025	No data	No data	No data	No data
2024	$186,963	$228,988	$450,156	$-42,025
2023	$193,688	$200,377	$492,181	$-6,689
2022	$203,343	$177,624	$498,870	$25,719
2021	$156,139	$168,169	$473,151	$-12,030
2020	$152,737	$169,968	$480,181	$-17,231
2019	$195,094	$200,389	$497,412	$-5,295

KENTUCKY SOYBEAN ASSOCIATION INC