INDIANA BEEF EVALUATION PROGRAM INC (EIN 364634251) - 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

1976

Legal Domicile

Principal Officer

DR NICHOLAS O MINTON

Phone

8122794330

Tax Period

2024-01-01 to 2024-12-31

INDIANA BEEF EVALUATION PROGRAM INC, founded in 1976, is a small nonprofit that reported $843K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $760K left a modest 10% surplus.

Mission

SPONSER AND SUPERVISE A BEEF BULL PERFORMANCE TESTING STATION

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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 $0

Program Service Revenue $837,677

Investment Income $4,860

Other Revenue $0

TOTAL REVENUE $842,537

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $759,635

Other Expenses $759,636

TOTAL EXPENSES $759,636

Year-over-Year Comparison

	2024	2023	Change
Revenue	$842,537	$678,406	+0.2%
Expenses	$759,636	$850,530	-0.1%
Net Income	$82,901	$-172,124	-1.5%

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

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	Role	Reportable Comp	Other Comp	Total
CHAD BURCHAM	DIRECTOR	Director	$0	$0	$0
STEVE RITTER	DIRECTOR VICE PRESIDEN	Officer Director	$0	$0	$0
ANDREW STEWART	DIRECTOR	Officer Director	$0	$0	$0
BENNETT WALTHER	DIRECTOR	Director	$0	$0	$0
TED WILLER	DIRECTOR	Director	$0	$0	$0
LEVI DECKARD	DIRECTOR	Director	$0	$0	$0
NICK MINTON	DIRECTOR SECRETARYTRE	Officer Director	$0	$0	$0
BYRON FAGG	DIRECTOR	Director	$0	$0	$0
ROBERT GRAVES	DIRECTOR	Director	$0	$0	$0
GREG BEAVERS	PRESIDENT	Officer 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
2024	$842,537	$759,636	$182,281	$82,901
2023	$678,406	$850,530	$94,698	$-172,124
2022	$1,100,032	$979,855	$280,093	$120,177
2021	$875,508	$881,651	$155,522	$-6,143
2020	$458,919	$450,668	$189,252	$8,251
2018	$554,931	$573,401	$175,866	$-18,470

INDIANA BEEF EVALUATION PROGRAM INC