ILLINOIS SOYBEAN BOARD

EIN: 376152654

BLOOMINGTON, IL

Total Revenue
$19,279,679
Total Expenses
$18,164,136
Total Assets
$22,929,564
Net Assets
$20,208,229
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
IL
Principal Officer
BRYAN SEVERS
Phone
3096637692
Tax Period
2024-09-01 to 2025-08-31

ILLINOIS SOYBEAN BOARD, founded in 1974, is a mid-sized nonprofit that reported $19.3M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $18.2M left a modest 6% surplus.

Mission

TO ENSURE ILLINOIS SOY IS THE HIGHEST QUALITY, MOST DEPENDABLE, SUSTAINABLE AND COMPETITIVE IN THE GLOBAL MARKETPLACE.

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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 $714,297
Program Service Revenue $18,271,931
Investment Income $293,451
Other Revenue $0
TOTAL REVENUE $19,279,679

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,103,557
Fundraising Expenses $0
Program Expenses $11,485,473
Other Expenses $13,060,579
TOTAL EXPENSES $18,164,136

Year-over-Year Comparison

2024 2023 Change
Revenue $19,279,679 $20,469,215 -0.1%
Expenses $18,164,136 $24,946,369 -0.3%
Net Income $1,115,543 $-4,477,154 -1.2%
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
23
Independent Members
23
Employees
51
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
6
$289,462
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRYAN SEVERS CHAIRPERSON 2.00
Officer Director
$0 $0 $0
BRADY HOLST VICE-CHAIRPERSON 2.00
Officer Director
$0 $0 $0
TIM SCATES TREASURER 2.00
Officer Director
$0 $0 $0
SCOTT GAFFNER SECRETARY 2.00
Officer Director
$0 $0 $0
JEFF O'CONNOR ASST SECRETARY-TREASURER 2.00
Officer Director
$0 $0 $0
RYAN FRIEDERS DIRECTOR 1.00
Director
$0 $0 $0
STEVE PITSTICK DIRECTOR 1.00
Director
$0 $0 $0
DWAYNE ANDERSON DIRECTOR 1.00
Director
$0 $0 $0
WESTON OLSON DIRECTOR 1.00
Director
$0 $0 $0
MARK READ DIRECTOR 1.00
Director
$0 $0 $0
ROB SHAFFER DIRECTOR 1.00
Director
$0 $0 $0
TIM CLARK DIRECTOR 1.00
Director
$0 $0 $0
RON KINDRED DIRECTOR 1.00
Director
$0 $0 $0
ELLIOTT UPHOFF DIRECTOR 1.00
Director
$0 $0 $0
MATT MURRAY DIRECTOR 1.00
Director
$0 $0 $0
BROCK WILLARD DIRECTOR 1.00
Director
$0 $0 $0
HEATH HOUCK DIRECTOR 1.00
Director
$0 $0 $0
BRAD DAUGHERTY DIRECTOR 1.00
Director
$0 $0 $0
JEFF PARKER DIRECTOR 1.00
Director
$0 $0 $0
BRIAN ATTEBERRY DIRECTOR 1.00
Director
$0 $0 $0
EMILY LOVELADY DIRECTOR 1.00
Director
$0 $0 $0
BETSEY EMERICK DIRECTOR 1.00
Director
$0 $0 $0
DAVID WESSEL DIRECTOR 1.00
Director
$0 $0 $0
JOHN LUMPE CEO 40.00
Officer
$251,289 $38,173 $289,462
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 $19,279,679 $18,164,136 $22,929,564 $1,115,543
2024 $20,469,215 $24,946,369 $24,540,892 $-4,477,154
2023 $23,904,585 $20,848,645 $28,119,823 $3,055,940
2022 $21,800,549 $17,450,942 $24,441,630 $4,349,607
2021 $17,521,958 $12,167,239 $19,192,594 $5,354,719
2020 $12,611,301 $10,321,085 $12,824,650 $2,290,216
2019 $13,505,723 $15,681,014 $12,436,690 $-2,175,291
2018 $15,180,241 $15,836,693 $14,799,334 $-656,452
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