PURDUE AGRICULTURAL ALUMNI ASSOCIATION INC (EIN 350923055) - 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

Principal Officer

DANICA C KIRKPATRICK

Phone

7654948593

Tax Period

2024-01-01 to 2024-12-31

PURDUE AGRICULTURAL ALUMNI ASSOCIATION INC, founded in 1938, is a small nonprofit in the Education sector that reported $127K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $30K, a strong 24% operating margin.

Mission

CULTIVATING A NETWORK OF ALUMNI AND STUDENTS IN ORDER TO SHARE THE VALUE OF PURDUE UNIVERSITY COLLEGE OF AGRICULTURE (COA) FOR THE BETTERMENT OF SOCIETY IN BOTH LOCAL AND GLOBAL COMMUNITIES.

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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 $48,105

Program Service Revenue $47,842

Investment Income $30,072

Other Revenue $1,038

TOTAL REVENUE $127,057

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $75,792

Other Expenses $96,776

TOTAL EXPENSES $96,776

Year-over-Year Comparison

	2024	2023	Change
Revenue	$127,057	$142,236	-0.1%
Expenses	$96,776	$63,868	+0.5%
Net Income	$30,281	$78,368	-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
MARK DREW GARRETSON	PRESIDENT	1.00	Officer	$0	$0	$0
AARON GOEDDE	TREASURER	1.00	Officer	$0	$0	$0
PAUL JACOBS	VICE PRESIDE	1.00	Officer	$0	$0	$0
DANICA C KIRKPATRICK	EXECUTIVE DI	40.00	Officer	$0	$0	$0
STEPHANIE MOWERY	SECRETARY	1.00	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
2024	$127,057	$96,776	$595,397	$30,281
2023	$142,236	$63,868	$551,527	$78,368
2021	$128,972	$53,254	$529,296	$75,718

PURDUE AGRICULTURAL ALUMNI ASSOCIATION INC