INDIANA CORN MARKETING COUNCIL

EIN: 371420618 Food, Agriculture & Nutrition

INDIANAPOLIS, IN

Total Revenue
$5,891,295
Total Expenses
$5,319,872
Total Assets
$4,707,003
Net Assets
$3,659,458
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
IN
Principal Officer
CHANTEL RAMMEL
Phone
3173473620
Tax Period
2024-10-01 to 2025-09-30

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.

Mission

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.

Program Service Accomplishments

Program 1

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...

Read more

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.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,755,763
Investment Income $135,127
Other Revenue $405
TOTAL REVENUE $5,891,295

Expense Breakdown

Grants Paid $1,477,146
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $3,842,726
TOTAL EXPENSES $5,319,872

Year-over-Year Comparison

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%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
17
Independent Members
17
Employees
N/A
Volunteers
28

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
6
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
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
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 $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
Explore More Nonprofits
Top 100 Nonprofits in Indiana Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare INDIANA CORN MARKETING COUNCIL with other nonprofits in Indiana and across the country.