ASSOCIATION OF OFFICIAL SEED CERTIFYING AGENCIES INC (EIN 370712507) - 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

1951

Principal Officer

SARAH WILBANKS

Phone

3097360120

Tax Period

2023-01-01 to 2023-12-31

ASSOCIATION OF OFFICIAL SEED CERTIFYING AGENCIES INC, founded in 1951, is a small nonprofit in the Community Improvement sector that reported $348K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum.

Mission

THE ASSOCIATION IS AN INTERNATIONAL EDUCATIONAL AND SCIENTIFIC ORGANIZATION WHOSE MEMBERS ARE RESPONSIBLE FOR PROMOTING SEED QUALITY AND CONDUCTING SEED CERTIFICATION ACTIVITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $289,511

Investment Income $58,397

Other Revenue $0

TOTAL REVENUE $347,908

Expense Breakdown

Grants Paid $0

Salaries & Benefits $231,904

Fundraising Expenses $0

Other Expenses $110,599

TOTAL EXPENSES $342,503

Year-over-Year Comparison

	2023	2022	Change
Revenue	$347,908	$250,179	+0.4%
Expenses	$342,503	$362,719	-0.1%
Net Income	$5,405	$-112,540	-1.0%

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

$159,630

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH WILBANKS	CEO	40.00	Officer	$159,630	$0	$159,630
ANDREW ALTISHIN	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL BOUCK	DIRECTOR	2.00	Director	$0	$0	$0
NEAL FOSTER	DIRECTOR	2.00	Director	$0	$0	$0
EDDIE GOLDSCHAGG	DIRECTOR	2.00	Director	$0	$0	$0
DOUG MILLER	VICE PRESIDE	2.00	Director	$0	$0	$0
JIM ROUSE	DIRECTOR	2.00	Director	$0	$0	$0
BILLY SKAGGS	PRESIDENT	2.00	Director	$0	$0	$0
MATTHEW YOUNG	DIRECTOR	2.00	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
2024	No data	No data	No data	No data
2023	$347,908	$342,503	$937,389	$5,405
2022	$250,179	$362,719	$931,278	$-112,540
2021	$337,086	$296,045	$1,086,600	$41,041
2020	$417,504	$328,724	$999,669	$88,780
2019	$570,618	$600,846	$896,446	$-30,228
2018	$600,862	$567,529	$868,820	$33,333

ASSOCIATION OF OFFICIAL SEED CERTIFYING AGENCIES INC