Michigan Soybean Association (EIN 363141921) - 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

1974

Legal Domicile

Principal Officer

Ben Steyer

Phone

9896523294

Tax Period

2024-10-01 to 2025-09-30

Michigan Soybean Association, founded in 1974, is a small nonprofit that reported $217K in total revenue in fiscal year 2024.

Mission

A membership organization operated to voice the needs and concerns of Michigans soybean industry

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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 $77,142

Program Service Revenue $137,070

Investment Income $2,352

Other Revenue $0

TOTAL REVENUE $216,564

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,513

Fundraising Expenses $0

Program Expenses $9,248

Other Expenses $199,832

TOTAL EXPENSES $223,345

Year-over-Year Comparison

	2024	2023	Change
Revenue	$216,564	N/A	N/A
Expenses	$223,345	N/A	N/A
Net Income	$-6,781	N/A	N/A

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

N/A

Employees

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

$19,982

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAIRE DEWEY	Marketing Coordinator	20.00	Key Emp	$19,982	$0	$19,982
JAY WILLIAMS	Director	0.50	Director	$0	$0	$0
KAREN WARNER	Director	0.50	Director	$0	$0	$0
ROB HOWLAND	Director	0.50	Director	$0	$0	$0
ROBERT WASMILLER	Director	0.50	Director	$0	$0	$0
MATTHEW WILA	Director	0.50	Director	$0	$0	$0
LARRY PHELPS	President	0.50	Officer	$0	$0	$0
TOM WOELMER	Vice President	0.50	Officer	$0	$0	$0
ALLISON THIEL	Treasurer	0.50	Officer	$0	$0	$0
PJ FELDPAUSH	Secretary	0.50	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	$216,564	$223,345	$154,327	$-6,781

Michigan Soybean Association