North Dakota Soybean Growers Association (EIN 363264160) - 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

1983

Legal Domicile

Principal Officer

Justin Sherlock

Phone

7016405215

Tax Period

2024-07-01 to 2025-06-30

North Dakota Soybean Growers Association, founded in 1983, is a small nonprofit that reported $565K in total revenue in fiscal year 2024. Expenses of $633K exceeded revenue, resulting in a 12% operating deficit.

Mission

The NDSGA advocates for soybean growers at the legislature in Bismarck, through alliance and coalitions. It provides member services while working to recruit and retain members.

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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 $37,232

Program Service Revenue $521,842

Investment Income $2,687

Other Revenue $2,943

TOTAL REVENUE $564,704

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $178,236

Fundraising Expenses $0

Other Expenses $449,582

TOTAL EXPENSES $632,818

Year-over-Year Comparison

	2024	2023	Change
Revenue	$564,704	$581,446	0.0%
Expenses	$632,818	$628,132	+0.0%
Net Income	$-68,114	$-46,686	+0.5%

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

$85,725

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nancy Johnson	Executive Director	40.00	Officer	$73,887	$11,838	$85,725
Justin Sherlock	President	2.00	Officer Director	$0	$0	$0
Chris McDonald	Vice President	1.00	Officer Director	$0	$0	$0
Josh Gackle	Secretary	1.00	Officer Director	$0	$0	$0
Stephanie Cook	Treasurer	1.00	Officer Director	$0	$0	$0
Brent Kohls	ASA Director (as of May)	0.10	Director	$0	$0	$0
Todd Stutrud	At Large Director (as of May)	0.10	Director	$0	$0	$0
Joshua Stutrud	Director	0.10	Director	$0	$0	$0
Scott German	Director	0.10	Director	$0	$0	$0
Michael Doll	Director	0.10	Director	$0	$0	$0
Andrew Cossette	Director	0.10	Director	$0	$0	$0
Billie Lentz	Director	0.10	Director	$0	$0	$0
Dustin Helmick	Director	0.10	Director	$0	$0	$0
Caylor Rosenau	Director	0.10	Director	$0	$0	$0
Brian Jodock	Director	0.10	Director	$0	$0	$0
Mark Knutson	Director	0.10	Director	$0	$0	$0
Brad Thykeson	Director (until May)	0.10	Director	$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	$564,704	$632,818	$144,948	$-68,114
2024	$581,446	$628,132	$195,620	$-46,686
2023	$528,128	$552,082	$260,340	$-23,954
2022	$555,409	$550,609	$257,719	$4,800
2021	$491,316	$474,048	$246,589	$17,268
2020	$486,881	$462,117	$229,802	$24,764
2019	$599,151	$534,174	$216,796	$64,977
2018	$533,437	$488,804	$177,123	$44,633

North Dakota Soybean Growers Association