Agricultural Alumni Seed Improveme… - Form 990 Financial Data

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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

2024-11-01 to 2025-10-31

Agricultural Alumni Seed Improvement Association Inc, founded in 1938, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $4.8M left a modest 8% surplus.

Mission

THE MISSION OF AGRICULTURAL ALUMNI SEED IMPROVEMENT ASSOCIATION, INC. IS 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.

Program Service Accomplishments

Program 1

AGRICULTURAL ALUMNI SEED IMPROVEMENT ASSOCIATION (AG ALUMNI SEED) HAS WORKED HARD TO GAIN ITS LEADERSHIP POSITION IN THE DEVELOPMENT AND RELEASE OF HIGH PERFORMANCE POPCORN HYBRIDS. WITH THIS...

AGRICULTURAL ALUMNI SEED IMPROVEMENT ASSOCIATION (AG ALUMNI SEED) HAS WORKED HARD TO GAIN ITS LEADERSHIP POSITION IN THE DEVELOPMENT AND RELEASE OF HIGH PERFORMANCE POPCORN HYBRIDS. WITH THIS POSITION COMES THE RESPONSIBILITY TO PUT ALL OUR AVAILABLE RESOURCES TO WORK IN THE CONTINUATION OF THE WORK THAT'S MADE US WHAT WE ARE TODAY. FROM THE GROUND-BREAKING WORK THAT HAS OCCURRED SINCE 1938, AG ALUMNI SEED HAS ESTABLISHED ITSELF AS THE WORLD'S LEADING SUPPLIER OF HIGH PERFORMING, HIGH QUALITY POPCORN HYBRIDS. IN ADDITION, AG ALUMNI SEED WORKS TO PROMOTE EDUCATION AND RESEARCH ACTIVITIES WITH COOPERATING AGENCIES.

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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 $0

Investment Income $162,511

Other Revenue $5,044,049

TOTAL REVENUE $5,206,560

Expense Breakdown

Grants Paid $149,593

Salaries & Benefits $2,445,047

Fundraising Expenses $0

Program Expenses $0

Other Expenses $2,208,916

TOTAL EXPENSES $4,803,556

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,206,560	$3,976,456	+0.3%
Expenses	$4,803,556	$4,671,060	+0.0%
Net Income	$403,004	$-694,604	-1.6%

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

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

$685,310

Total Directors

Key Employees

$780,178

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Jay Akridge	Director/ Vice Chairman As of 6/2025	1.0	Officer Director	$0	$0	$0
Dr Marshal Martin	Chairman	1.0	Officer Director	$0	$0	$0
Kevin Eikenberry	Vice Chairman Through 2/2025	1.0	Officer Director	$0	$0	$0
Natasha Cox	Secretary/Treasurer	1.0	Officer Director	$0	$0	$0
Dr Karen Plaut	Director As of 3/2025	1.0	Director	$0	$0	$0
Dr Peter Goldsbrough	Director	1.0	Director	$0	$0	$0
Greg Deason	Director Through 2/2025	1.0	Director	$0	$0	$0
James Joshua	Director	1.0	Director	$0	$0	$0
Jim Parks	Director As of 3/2025	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	$208,985	$47,760	$256,745
Craig S Anderson	President & CEO As of 4/2025	38.0	Officer	$0	$0	$0
James Hulbert	President & CEO Through 4/2025	37.0	Officer	$368,958	$59,607	$428,565
Aaron Whalen	Sales Manager	40.0	Key Emp	$199,712	$38,892	$238,604
Fernando Cardenas	Research Director	40.0	Key Emp	$252,754	$52,554	$305,308
Todd Rice	Production Manager	40.0	Key Emp	$204,685	$31,581	$236,266
Casey Perkins	Asst. Production Manager	40.0	Highest	$107,108	$38,084	$145,192
Kevin Gillespie	Sales Agronomist	40.0	Highest	$121,634	$39,680	$161,314
Mark Slovacek	Warehouse Manager	40.0	Highest	$103,328	$27,985	$131,313
Michael Stein	Popcorn Breeder	40.0	Highest	$192,722	$27,277	$219,999

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	$5,206,560	$4,803,556	$34,329,265	$403,004
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