INDIANAPOLIS, IN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INDIANA CORN MARKETING COUNCIL, founded in 1986, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $5.9M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $5.3M left a modest 10% surplus.
THE INDIANA CORN MARKETING COUNCIL ("ICMC") WORKS TO PROMOTE INNOVATIVE SOLUTIONS TO GROW THE VALUE OF CORN IN INDIANA FROM SEED TO CONSUMER. THE INDIANA GENERAL ASSEMBLY, RECOGNIZING THE IMPORTANCE OF CORN TO THE ECONOMY OF THE STATE, ENACTED THE INDIANA CORN MARKET DEVELOPMENT STATUTE, CURRENTLY CODIFIED IN IND. CODE 15-15-12 ("THE STATUTE") WHICH REQUIRES A CHECKOFF ASSESSMENT ON CERTAIN TYPES OF CORN MARKETED IN THE STATE OF INDIANA. THE ICMC IS A PUBLIC BODY CORPORATE AND POLITIC ORGANIZATION LOCATED IN INDIANAPOLIS, INDIANA ESTABLISHED TO FACILITATE THE CORN CHECKOFF ASSESSMENT PROGRAM IN INDIANA AND COMMUNICATE INFORMATION RELATING TO THE CONDUCT, IMPLEMENTATION, OR RESULTS OF PROMOTION, RESEARCH, AND MARKET DEVELOPMENT ACTIVITIES RELATING TO CORN TO PRODUCERS AND STAKEHOLDERS. PROCEEDS OF THE CHECKOFF ASSESSMENT MAY NOT BE USED TO INFLUENCE LEGISLATION OR GOVERNMENTAL ACTION OR POLICY.
THE MISSION OF THE INDIANA CORN MARKETING COUNCIL IS TO PROMOTE INNOVATIVE SOLUTIONS THAT GROW THE VALUE OF CORN IN INDIANA - FROM SEED TO CUSTOMER. TO ADVANCE THIS MISSION, THE ICMC BOARD OF...
THE MISSION OF THE INDIANA CORN MARKETING COUNCIL IS TO PROMOTE INNOVATIVE SOLUTIONS THAT GROW THE VALUE OF CORN IN INDIANA - FROM SEED TO CUSTOMER. TO ADVANCE THIS MISSION, THE ICMC BOARD OF DIRECTORS ADOPTED A STRATEGIC PLAN FOR THE YEARS 2025-2027 INTRODUCING INDIANA-BASED EVALUATION METRICS TO MEASURE THE IMPACT OF PROJECTS. THE STRATEGIC PLAN BUILDS ON THE EXPERTISE AND DIRECTION OF OUR FARMER-ELECTED BOARD MEMBERS, ENSURING IT SPEAKS DIRECTLY TO THE NEEDS OF INDIANA PRODUCERS. PRODUCER-DRIVEN DECISIONS HELP TO ENSURE RELEVANCE, ACCOUNTABILITY AND IMPACT. THE STRATEGIC PLAN HAS FOUR DISTINCT STRATEGIC FOCUS AREAS:MARKET DEVELOPMENT: THE GOAL OF MARKET DEVELOPMENT IS TO WORK WITH PARTNERS TO ACCELERATE THE DEMAND FOR INDIANA CORN IN ALL FORMS. THIS IS ACCOMPLISHED BY FUNDING OF PROJECTS WITH THE FOLLOWING OBJECTIVES: - INCREASE LIVESTOCK AND MEAT EXPORTS FROM INDIANA. - EXPAND EXPORTS FOR US CORN AND CORN PRODUCTS - INCREASE DEMAND FOR ETHANOL PRODUCED IN INDIANASUSTAINABILITY: EFFECTIVE WORK IN SUSTAINABILITY IS GROUNDED IN ENVIRONMENTAL, ECONOMIC AND COMMUNITY OUTREACH PROGRAMS. THE PROJECTS IN THIS AREA ARE FOCUSED ON: - INCREASING FARMER ADOPTION OF IMPROVED NUTRIENT AND SOIL HEALTH SYSTEMS. - THROUGH COMMUNITY PARTNERSHIPS, STRENGTHEN CONSUMER'S TRUST IN FARMERS BY HIGHLIGHTING SHARED ECONOMIC, ENVIRONMENTAL AND SOCIAL VALUES. - INVEST IN RESEARCH THAT HELPS FARMERS PRODUCE CORN MORE ECONOMICALLYVALUE CREATION: THE GOAL OF VALUE CREATION IS TO INCREASE THE VALUE OF INDIANA CORN BY NEW INDUSTRIAL USES TO MARKET THROUGH PARTNERSHIPS AND RESEARCH IN ORDER TO:- INCREASE THE NUMBER OF CORN-BASED INDUSTRIAL PRODUCTS IN THE MARKET.PRODUCER ENGAGEMENT: MEANINGFUL ENGAGEMENT WITH INDIANA'S 20,000+ CORN FARMERS AND GIVING BACK TO FARM COMMUNITIES WITH PROJECTS IN THE FOLLOWING OBJECTIVES:- INCREASE UNDERSTANDING OF THE RETURN OF CHECKOFF PROGRAMS BACK TO THE FARM.- FUND PROGRAMS THAT ALLOW ICMC TO ENGAGE MORE DEEPLY WITH INDIANA FARMERS AND THEIR COMMUNITIES.IN ADDITION TO THE FOUR STRATEGIC OBJECTIVES, A SUCCESSFUL ORGANIZATION MUST INVEST IN INFRASTRUCTURE (PERSONNEL, MARKETING, AND TECHNOLOGY), ESTABLISH SOUND FISCAL AND FIDUCIARY MANAGEMENT PRACTICES, AND DEVELOP BOARD LEADERSHIP WITHIN INDIANA AND NATIONAL AGRICULTURAL ORGANIZATIONS. THE FOLLOWING OBJECTIVES SUPPORT THESE ESSENTIAL AREAS OF ORGANIZATIONAL STRENGTH AND SUSTAINABILITY.PROMOTION AND BOARD OPERATIONS: THIS OBJECTIVE FUNDS ACTIVITIES THAT SUPPORT BOARD EFFECTIVENESS AND AMPLIFIES ICMC'S MARKETING IMPACT. IT INCLUDES EXPENSES FOR BOARD MEETINGS, LEADERSHIP AND EDUCATIONAL DEVELOPMENT, CORE MARKETING INFRASTRUCTURE, AND THE MANAGEMENT AND ADMINISTRATION OF BOARD-DIRECTED PROGRAMS.NATIONAL CORN GROWERS ASSOCIATION (NCGA): THE NATIONAL CORN GROWERS ASSOCIATION (NCGA) SERVES AS A NATIONAL PARTNER BY POOLING RESOURCES FROM CORN-PRODUCING STATES TO ENHANCE AND EXPAND CORN CHECKOFF PROGRAMS. NCGA SUPPORTS PROJECTS THAT ARE REVIEWED AND APPROVED BY FARMER- AND STAFF-LED ACTION TEAMS, ENSURING THAT INVESTMENTS ALIGN WITH PRODUCER PRIORITIES. CHECKOFF FUNDS PROVIDED BY THE INDIANA CORN MARKETING COUNCIL TO NCGA ARE RESTRICTED FROM USE IN ANY NCGA ADVOCACY OR LOBBYING ACTIVITIES, CONSISTENT WITH INDIANA CODE REQUIREMENTS GOVERNING THE USE OF ASSESSMENT PROCEEDS.MANAGEMENT AND ADMINISTRATIVE OVERSIGHT: THIS OBJECTIVE ENSURES COMPLIANCE WITH INDIANA CODE 15-15-12. IT ENCOMPASSES BOARD GOVERNANCE, ELECTIONS, INSURANCE, FINANCIAL AUDITS, AND ACCOUNTING. IT ALSO INCLUDES OVERSIGHT OF REMITTANCE AND AUDIT PROCESSES FOR FIRST PURCHASERS OF CORN IN INDIANA TO MAINTAIN THE INTEGRITY OF CHECKOFF COLLECTIONS. CORE ADMINISTRATIVE FUNCTIONS INCLUDING FINANCIAL AUDITS AND OVERSIGHT OF ELECTIONS-PLAY A CRITICAL ROLE IN MAINTAINING STRONG FIDUCIARY OVERSIGHT AND REINFORCING ICMC'S COMMITMENT TO TRANSPARENCY AND ACCOUNTABILITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $5,891,295 | $5,340,164 | +0.1% |
| Expenses | $5,319,872 | $5,439,449 | 0.0% |
| Net Income | $571,423 | $-99,285 | -6.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| TIM GAUCK | PRESIDENT | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| MATTHEW LUCAS | VICE PRESIDENT | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| SUSAN BROCKSMITH | SECRETARY | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| RON HENSLEY | TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN ADAM JR | DIRECTOR (PARTIAL YEAR) | 2.00 |
Director
|
$0 | $0 | $0 |
| JANIS HIGHLEY | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| NATASHA COX | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| LORI CYR | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MATT HAYDEN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| PAUL HODGEN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL MORROW | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JERRY OSTERHOLT | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| DAVID RING | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JR ROESNER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ADAM SHELLER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| SCOTT SMITH | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MATT WILSON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| COURTNEY KINGERY | CHIEF EXECUTIVE OFFICER | 15.00 |
Officer
|
$0 | $0 | $0 |
| CHANTEL RAMMEL | CHIEF OPERATING OFFICER | 10.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $5,891,295 | $5,319,872 | $4,707,003 | $571,423 |
| 2024 | $5,340,164 | $5,439,449 | $3,879,918 | $-99,285 |
| 2023 | $5,148,990 | $5,817,096 | $4,244,161 | $-668,106 |
| 2022 | $5,167,221 | $5,834,002 | $5,137,582 | $-666,781 |
| 2021 | $5,529,997 | $4,510,154 | $5,483,679 | $1,019,843 |
| 2020 | $4,063,606 | $3,404,264 | $3,956,773 | $659,342 |
| 2019 | $4,930,702 | $4,662,459 | $3,462,142 | $268,243 |
| 2018 | $4,953,158 | $4,515,661 | $3,284,018 | $437,497 |
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