ILLINOIS CORN MARKETING BOARD

EIN: 371135507

BLOOMINGTON, IL

Total Revenue
$19,900,556
Total Expenses
$14,808,195
Total Assets
$19,364,129
Net Assets
$18,721,230
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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
1979
Legal Domicile
IL
Principal Officer
TIM THOMPSON
Phone
3098270912
Tax Period
2024-10-01 to 2025-09-30

ILLINOIS CORN MARKETING BOARD, founded in 1979, is a mid-sized nonprofit that reported $19.9M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $5.1M, a strong 26% operating margin.

Mission

TO PROVIDE RESEARCH, MARKET DEVELOPMENT AND EFFICIENT MARKETS FOR ILLINOIS CORN AND CORN PRODUCTS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $19,515,753
Investment Income $384,377
Other Revenue $426
TOTAL REVENUE $19,900,556

Expense Breakdown

Grants Paid $905,000
Salaries & Benefits $1,306,765
Fundraising Expenses $0
Other Expenses $12,596,430
TOTAL EXPENSES $14,808,195

Year-over-Year Comparison

2024 2023 Change
Revenue $19,900,556 $16,765,076 +0.2%
Expenses $14,808,195 $16,213,315 -0.1%
Net Income $5,092,361 $551,761 +8.2%
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

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Governance

Voting Members
15
Independent Members
15
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
4
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ART BUNTING DIRECTOR N/A
Director
$0 $0 $0
CASSIE DUMOULIN DIRECTOR N/A
Director
$0 $0 $0
ROB ELLIOT DIRECTOR N/A
Director
$0 $0 $0
STEVE FOUREZ DIRECTOR N/A
Director
$0 $0 $0
DALE HAUDRICH DIRECTOR N/A
Director
$0 $0 $0
LENA HEAD DIRECTOR N/A
Director
$0 $0 $0
JOHN KLEMM DIRECTOR N/A
Director
$0 $0 $0
BILL LEIGH DIRECTOR N/A
Director
$0 $0 $0
DAN MEYER SECRETARY N/A
Officer Director
$0 $0 $0
ROSS PAULI DIRECTOR N/A
Director
$0 $0 $0
MATT RABEN VICE CHAIRMA N/A
Officer Director
$0 $0 $0
JON ROSENSTIEL DIRECTOR N/A
Director
$0 $0 $0
JEFF SCATES DIRECTOR N/A
Director
$0 $0 $0
TERRY SMITH TREASURER N/A
Officer Director
$0 $0 $0
TIM THOMPSON CHAIRMAN N/A
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
2025 $19,900,556 $14,808,195 $19,364,129 $5,092,361
2024 $16,765,076 $16,213,315 $14,495,791 $551,761
2023 $16,961,887 $13,981,985 $14,249,222 $2,979,902
2022 $11,889,515 $15,031,600 $11,624,886 $-3,142,085
2021 $13,559,822 $10,925,609 $13,268,867 $2,634,213
2020 $11,417,521 $13,593,525 $11,382,327 $-2,176,004
2019 $12,726,148 $11,214,751 $12,932,652 $1,511,397
2018 $13,645,312 $10,333,255 $11,929,661 $3,312,057
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