INDIANA CROP IMPROVEMENT ASSOCIATIO (EIN 350892904) - 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

1956

Legal Domicile

Principal Officer

CRAIG NELSON

Phone

7655232535

Tax Period

2024-05-01 to 2025-04-30

INDIANA CROP IMPROVEMENT ASSOCIATIO, founded in 1956, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $5.6M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $5.0M left a modest 11% surplus.

Mission

THE INDIANA CROP IMPROVEMENT ASSOCIATION IS THE OFFICIAL SEED CERTIFYING AGENCY FOR THE STATE OF INDIANA. ITS MISSION IS TO CARRY OUT THE RECORDKEEPING, FIELD INSPECTIONS, LABORATORY TESTING, POST CONTROL GROW OUT TESTS, ISSUANCE OF OFFICIAL CERTIFICATION LABELS, AND OTHER ACTIVITIES ASSOCIATED WITH THE CERTIFICATION OF SEEDS AND PLANT PARTS.

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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 $4,100

Program Service Revenue $5,516,246

Investment Income $50,538

Other Revenue $6,863

TOTAL REVENUE $5,577,747

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,086,974

Fundraising Expenses $0

Program Expenses $4,004,027

Other Expenses $2,871,555

TOTAL EXPENSES $4,958,529

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,577,747	$4,628,080	+0.2%
Expenses	$4,958,529	$4,400,229	+0.1%
Net Income	$619,218	$227,851	+1.7%

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

179

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

$179,975

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WADE WILEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRETT JONES	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MARSHALL MARTIN	DIRECTOR AT	1.00	Director	$0	$0	$0
BILL STUMPH	DIRECTOR AT	1.00	Director	$0	$0	$0
RON TURCO	EX-OFFICIO	1.00	Director	$0	$0	$0
ROBERT WALLER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID DUNK	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN MARLATT	DIRECTOR	1.00	Director	$0	$0	$0
DOUG HARDY	DIRECTOR	1.00	Director	$0	$0	$0
KATHY MCCARTHY	DIRECTOR	1.00	Director	$0	$0	$0
ROB JORDAN	DIRECTOR	1.00	Director	$0	$0	$0
DOUG LANTZ	DIRECTOR	1.00	Director	$0	$0	$0
BRAD MORRISON	DIRECTOR	1.00	Director	$0	$0	$0
TESFAYE MENGISTE	EX-OFFICIO	1.00	Director	$0	$0	$0
LAURA BOWLING	EX-OFFICIO	1.00	Director	$0	$0	$0
CRAIG NELSON	CEO	40.00	Officer	$163,653	$16,322	$179,975
JOHN ZHENG	CSO	40.00	Highest	$142,346	$61,362	$203,708
LAURA DONALDSON	LAB DIRECTOR	40.00	Highest	$136,510	$38,361	$174,871
RANDALL BARGER	IT MANAGER	40.00	Highest	$104,329	$27,273	$131,602

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	$5,577,747	$4,958,529	$6,514,606	$619,218
2024	$4,628,080	$4,400,229	$5,714,388	$227,851
2023	$4,407,708	$5,012,297	$5,602,939	$-604,589
2022	$3,567,413	$3,903,417	$5,728,593	$-336,004
2021	$4,590,729	$4,336,734	$6,586,348	$253,995
2020	$4,440,141	$4,398,002	$5,904,291	$42,139

INDIANA CROP IMPROVEMENT ASSOCIATIO