INDEPENDENT PROFESSIONAL SEED ASSN (EIN 363652987) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

TODD MARTIN

Phone

9015466900

Tax Period

2023-06-01 to 2024-05-31

INDEPENDENT PROFESSIONAL SEED ASSN, founded in 1989, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2018. Revenue decreased 7% compared to the prior year. Expenses of $1.0M left a modest 10% surplus.

Mission

IDENTIFY PROBLEMS COMMON TO SEED CORN COMPANIES AND TO ADDRESS THOSE PROBLEMS AS A GROUP.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $400,240

Program Service Revenue $618,368

Investment Income $19,237

Other Revenue $331,578

TOTAL REVENUE $1,369,423

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $738,921

Other Expenses $1,495,922

TOTAL EXPENSES $1,495,922

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,369,423	$1,329,044	+0.0%
Expenses	$1,495,922	$1,444,204	+0.0%
Net Income	$-126,499	$-115,160	+0.1%

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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON CONAWAY	2ND VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
SCOTT SANDERS	1ST VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
COLIN STEEN	PRESIDENT	0.00	Officer Director	$0	$0	$0
BEN GREEN	BOARD MEMBER	0.00	Director	$0	$0	$0
TODD MARTIN	CEO	40.00	Director	$0	$0	$0
CHRIS LATHAM	BOARD MEMBER	0.00	Director	$0	$0	$0
TERRY SCHULTZ	BOARD MEMBER	0.00	Director	$0	$0	$0
CHRIS CORNELIUS	BOARD MEMBER	0.00	Director	$0	$0	$0
MATT GOETZ	BOARD MEMBER	0.00	Director	$0	$0	$0
JEFF RENK	BOARD MEMBER	0.00	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	No data	No data	No data	No data
2024	$1,369,423	$1,495,922	$668,903	$-126,499
2023	$1,329,044	$1,444,204	$810,518	$-115,160
2022	$1,039,099	$1,178,361	$1,036,186	$-139,262
2021	$769,647	$719,262	$954,004	$50,385
2020	$995,467	$991,639	$987,778	$3,828
2019	$1,158,182	$1,046,288	$1,021,049	$111,894

INDEPENDENT PROFESSIONAL SEED ASSN