AMERICAN SOCIETY OF AGRICULTURAL A… - Form 990 Financial Data

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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

1907

Legal Domicile

Principal Officer

CEDRIC CALHOUN

Phone

2694290300

Tax Period

2024-01-01 to 2024-12-31

AMERICAN SOCIETY OF AGRICULTURAL AND BIOLOGICAL ENGINEERS, founded in 1907, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2024.

Mission

THE SOCIETY IS A 501(C)(3) EDUCATIONAL AND SCIENTIFIC ORGANIZATION DEDICATED TO THE ADVANCEMENT OF ENGINEERING APPLICABLE TO AGRICULTURAL, FOOD, AND BIOLOGICAL SYSTEMS. THE OBJECTS OF THE SOCIETY ARE TO PROMOTE THE SCIENCE AND ART OF ENGINEERING IN AGRICULTURAL, FOOD, AND BIOLOGICAL SYSTEMS; TO ENCOURGE ORIGINAL RESEARCH; TO FOSTER EDUCATION; TO ADVANCE THE STANDARDS OF ENGINEERING; TO INCREASE AND EXTEND THE ASSOCIATION OF AGRICULTURAL, FOOD, AND BIOLOGICAL ENGINEERS AMONG THEMSELVES AND WITH ALLIED SCIENTISTS AND TECHNOLOGISTS; TO ENCOURGE THE PROFESSIONAL IMPROVEMENT OF ITS MEMBERS, AND SEVERALLY AND IN COOPERATION WITH OTHER GROUPS TO BROADEN THE USEFULNESS OF AGRICULTURAL, FOOD, AND BIOLOGICAL ENGINEERING.

Program Service Accomplishments

Program 1

Expenses: $486,881 Revenue: $407,646

DEVELOPMENT AND PROMULGATION OF STANDARDS, CODES, FORMULAS, AND RECOMMENDED PRACTICES TO INCREASE SAFETY AND KNOWLEDGE.

Program 2

Expenses: $1,217,204 Revenue: $1,113,666

MEETINGS/CONFERENCES FOR CONTINUING EDUCATION, PRESENTATION AND DISCUSSION OF ORIGINAL PAPERS, AND ENCOURAGING THE ASSOCIATION OF AGRICULTURAL, FOOD AND BIOLOGICAL SYSTEMS ENGINEERS FOR THE EXCHANGE...

Program 3

Expenses: $723,607 Revenue: $120,819

ADVANCING THE THEORY AND PRACTICE OF ENGINEERING IN AGRICULTURE, FOOD AND BIOLOGICAL SYSTEMS BY ENCOURAGING ORIGINAL PAPERS, PUBLISHING PAPERS AND REPORTS, AND DISSEMINATING KNOWLEDGE AND EXPERIENCE...

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,327,648

Program Service Revenue $1,521,312

Investment Income $99,834

Other Revenue $120,819

TOTAL REVENUE $3,069,613

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,370,361

Fundraising Expenses $103,153

Program Expenses $2,427,692

Other Expenses $779,527

TOTAL EXPENSES $3,149,888

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,069,613	$3,097,592	0.0%
Expenses	$3,149,888	$2,917,484	+0.1%
Net Income	$-80,275	$180,108	-1.4%

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

Employees

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

$556,329

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS R OTTO	PRESIDENT	1.00	Officer Director	$0	$0	$0
SHERRY L HUNT	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
DANA O PORTER	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
GARY E SEIBEL	TREASURER	1.00	Officer Director	$0	$0	$0
GAYLE C BAKER	TRUSTEE	1.00	Director	$0	$0	$0
BRITTANY A BERTSCH	TRUSTEE	1.00	Director	$0	$0	$0
MARI S CHINN	TRUSTEE	1.00	Director	$0	$0	$0
TRAVIS J ESAU	TRUSTEE	1.00	Director	$0	$0	$0
OLADIRAN O FASINA	TRUSTEE	1.00	Director	$0	$0	$0
CAROL L JONES	TRUSTEE	1.00	Director	$0	$0	$0
KYLE R MANKIN	TRUSTEE	1.00	Director	$0	$0	$0
BRADLEY P MARKS	TRUSTEE	1.00	Director	$0	$0	$0
TRAVIS S TSUNEMORI	TRUSTEE	1.00	Director	$0	$0	$0
MARK R WILKINS	TRUSTEE	1.00	Director	$0	$0	$0
DARRIN J DROLLINGER	EXECUTIVE DIRECTOR & SECRE	40.00	Officer	$242,112	$67,622	$309,734
MARK D ZIELKE	SENIOR DIRECTOR OF FINANCE	40.00	Officer	$200,640	$45,955	$246,595

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	$3,069,613	$3,149,888	$4,631,877	$-80,275
2023	$3,097,592	$2,917,484	$4,681,585	$180,108
2022	$2,453,860	$2,792,634	$4,449,107	$-338,774
2021	$3,047,961	$2,647,859	$5,299,920	$400,102
2020	$2,707,674	$2,483,745	$4,911,407	$223,929
2019	$2,664,717	$2,616,722	$4,417,193	$47,995
2018	$2,716,260	$3,014,409	$4,061,173	$-298,149

AMERICAN SOCIETY OF AGRICULTURAL AND BIOLOGICAL ENGINEERS