Agricultural Alumni Seed Improvement Association Inc (EIN 350869399) - 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

1938

Legal Domicile

Phone

7655383145

Tax Period

2023-11-01 to 2024-10-31

Agricultural Alumni Seed Improvement Association Inc, founded in 1938, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Expenses of $4.7M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE A NATIONWIDE MEDIUM FOR THE ADVANCEMENT AND IMPROVEMENT OF AGRICULTURE THROUGH RESEARCH, PRODUCTION, TESTING, AND SALE OF CERTAIN SEED LINES AND SEED HYBRIDS.

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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 $0

Program Service Revenue $0

Investment Income $155,693

Other Revenue $3,820,763

TOTAL REVENUE $3,976,456

Expense Breakdown

Grants Paid $115,307

Salaries & Benefits $2,297,824

Fundraising Expenses $0

Program Expenses $0

Other Expenses $2,257,929

TOTAL EXPENSES $4,671,060

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,976,456	$4,954,940	-0.2%
Expenses	$4,671,060	$4,355,889	+0.1%
Net Income	$-694,604	$599,051	-2.2%

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

$720,041

Total Directors

Key Employees

$787,646

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR MARSHALL MARTIN	Chairman	1.0	Officer Director	$0	$0	$0
Kevin Eikenberry	VICE CHAIRMAN	1.0	Officer Director	$0	$0	$0
Natasha Cox	SECRETARY/TREASURER	1.0	Officer Director	$0	$0	$0
Dr Jay Akridge	DIRECTOR	1.0	Director	$0	$0	$0
DR PETER GOLDSBROUGH	DIRECTOR	1.0	Director	$0	$0	$0
Greg Deason	DIRECTOR	1.0	Director	$0	$0	$0
James Joshua	Director	1.0	Director	$0	$0	$0
Lawrence C Beck	DIRECTOR	1.0	Director	$0	$0	$0
Lisa Koester	Director	1.0	Director	$0	$0	$0
WILLIAM BIDDLE	Director	1.0	Director	$0	$0	$0
Bill Stumph	Chief Financial Officer	39.7	Officer	$214,467	$51,899	$266,366
James Hulbert	President & Ceo	37.0	Officer	$394,059	$59,616	$453,675
Aaron Whalen	Sales Manager	40.0	Key Emp	$196,262	$38,954	$235,216
Fernando Cardenas	Research Director	40.0	Key Emp	$253,510	$52,432	$305,942
Todd Rice	Production Manager	40.0	Key Emp	$212,670	$33,818	$246,488
Casey Perkins	Asst. Production Manager	40.0	Highest	$102,564	$39,917	$142,481
Kevin Gillespie	Sales Agronomist	40.0	Highest	$122,631	$43,729	$166,360
Michael Stein	Popcorn Breeder	40.0	Highest	$130,448	$22,006	$152,454

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	$3,976,456	$4,671,060	$33,813,924	$-694,604
2023	$4,954,940	$4,355,889	$34,715,903	$599,051
2022	$5,094,941	$4,095,764	$34,930,489	$999,177
2021	$6,397,219	$3,444,809	$33,202,468	$2,952,410
2020	$5,079,244	$2,705,582	$30,472,328	$2,373,662
2019	$6,463,044	$4,412,658	$28,896,164	$2,050,386
2018	$5,178,402	$2,886,388	$26,337,787	$2,292,014

Agricultural Alumni Seed Improvement Association Inc