Illinois Agricultural Association (EIN 370809856) - 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

1928

Legal Domicile

Phone

3095572488

Tax Period

2023-09-01 to 2024-08-31

Illinois Agricultural Association, founded in 1928, is a mid-sized nonprofit that reported $62.7M in total revenue in fiscal year 2023. Expenses of $60.2M left a modest 4% surplus.

Mission

To improve the economic well-being of agriculture and enrich the quality of farm family life by educating and disseminating agricultural information to members and others in such areas as finance, economics and governmental policy.

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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 $3,500

Program Service Revenue $5,182,318

Investment Income $23,471,019

Other Revenue $34,015,764

TOTAL REVENUE $62,672,601

Expense Breakdown

Grants Paid $3,477,279

Salaries & Benefits $37,343,398

Fundraising Expenses $0

Program Expenses $20,463,147

Other Expenses $19,405,221

TOTAL EXPENSES $60,225,898

Year-over-Year Comparison

	2023	2022	Change
Revenue	$62,672,601	$58,995,923	+0.1%
Expenses	$60,225,898	$58,673,429	+0.0%
Net Income	$2,446,703	$322,494	+6.6%

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

372

Volunteers

8000

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

$4,856,008

Total Directors

$2,179,939

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jennifer Vance	General Counsel	40.00	Officer	$1,152,371	$265,455	$1,417,826
Andrew Bender	Ass't Secretary	40.00	Officer	$540,952	$141,397	$682,349
Alan Dodds	VP Fin. & Treas	40.00	Officer	$494,301	$127,214	$621,515
Mark Gebhards	Director of Govermental Affairs	40.00		$485,408	$125,501	$610,909
Richard Guebert	President	40.00	Officer Director	$525,943	$14,469	$540,412
Lyn Potts	Assoc. Dep. Coun.	40.00		$330,045	$98,469	$428,514
Ron White	Assoc. Dep. Coun.	40.00		$322,580	$90,791	$413,371
Mike Hodge	Ex Dir of Member Services and PR	40.00		$326,121	$83,541	$409,662
Matthew Jontry	Ass't Secretary	40.00	Officer	$324,716	$76,847	$401,563
Laura Harmon	Ass't Secretary	40.00	Officer	$272,324	$84,942	$357,266
Chris Magnuson	Director of News and Communication	40.00		$272,251	$70,017	$342,268
Kevin Semlow	Exec Dir of Govt Affairs & Commodit	40.00		$253,391	$80,688	$334,079
Brian Cahill	Senior Counsel	40.00		$256,966	$61,062	$318,028
Kristen Kroger	Ass't General Coun	40.00		$247,677	$58,792	$306,469
Neil Napolitano	Ass't General Coun	40.00		$224,840	$74,070	$298,910
Geneva Aberle	Controller	40.00	Officer	$204,898	$68,802	$273,700
Ryan Ford	Exec Director of Field & Member Svc	40.00		$201,921	$68,144	$270,065
Matt Wettersten	Exec Dir of Mktg & Communications	40.00		$196,691	$66,198	$262,889
Kirstin Kaisner	Ass't Secretary	40.00	Officer	$98,685	$43,594	$142,279
Brian Duncan	Vice President	20.00	Officer Director	$63,107	$0	$141,107
Evan Severson	Ass't Controlle	40.00	Officer	$125,222	$14,830	$140,052
Elaine Thacker	Ass't Secretary	40.00	Officer	$111,263	$26,676	$137,939
Steve Koeller	Director	6.00	Director	$23,365	$0	$101,365
Larry Miller	Director	6.00	Director	$12,789	$0	$90,789
Jeff Kirwan	Director	6.00	Director	$12,362	$0	$90,362
Tammy Halterman	Director	6.00	Director	$11,650	$0	$89,650
Ken Cripe	Director	6.00	Director	$11,283	$0	$89,283
Gary Speckhart	Director	6.00	Director	$10,977	$0	$88,977
Mark Tuttle	Director	6.00	Director	$10,783	$0	$88,783
Steven Stallman	Director	6.00	Director	$10,619	$0	$88,619
Robert Klemm	Director	6.00	Director	$9,985	$0	$87,985
Robert Fecht	Director	6.00	Director	$9,257	$0	$87,257
Don Meyer	Director	6.00	Director	$7,350	$0	$85,350
Mark Reichert	Director	6.00	Director	$0	$0	$78,000
Keith Mussman	Director	6.00	Director	$11,333	$0	$73,733
Jeff Weber	Director	6.00	Director	$10,908	$0	$73,308
Brent Pollard	Director	6.00	Director	$10,842	$0	$73,242
Richard Carroll	Director	6.00	Director	$8,829	$0	$71,229
Larry Dallas	Director	6.00	Director	$7,234	$0	$69,634
Leonard B Daugherty	Director	6.00	Director	$5,994	$0	$68,394
Kenton Thomas	Director	6.00	Director	$1,681	$0	$1,681
Earl Williams Jr	Director	6.00	Director	$779	$0	$779

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	$62,672,601	$60,225,898	$67,724,629	$2,446,703
2023	$58,995,923	$58,673,429	$65,650,666	$322,494
2022	$57,014,223	$55,713,726	$65,928,010	$1,300,497
2021	$53,830,805	$51,659,310	$66,126,421	$2,171,495
2020	$54,153,885	$52,363,851	$64,038,155	$1,790,034
2019	$52,865,318	$50,340,675	$61,799,239	$2,524,643
2018	$55,042,661	$52,470,305	$59,625,717	$2,572,356

Illinois Agricultural Association