AMERICAN SOCIETY OF AGRICULTURAL & BIOLOGICAL ENGINEERS FOUNDATION

EIN: 382741364 501(c)(3) Science & Technology

ST JOSEPH, MI

Total Revenue
$291,192
Total Expenses
$195,718
Total Assets
$5,528,121
Net Assets
$5,528,121
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
MI
Principal Officer
MARK ZIELKE
Phone
2694286334
Tax Period
2023-01-01 to 2023-12-31

AMERICAN SOCIETY OF AGRICULTURAL & BIOLOGICAL ENGINEERS FOUNDATION, founded in 1987, is a small nonprofit in the Science & Technology sector that reported $291K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $95K, a strong 33% operating margin.

Mission

ASABE'S FOUNDATION IS AN OPPORTUNITY TO BUILD A LEGACY TO THE FUTURE OF ENGINEERING IN AGRICULTURE. FUNDS ADMINISTERED BY THE ASABE FOUNDATIONARE USED FOR AWARDS, SCHOLARSHIPS AND SPECIAL PROJECTS. AWARDS AREGIVEN TO THOSE WHO HAVE MADE EXEMPLARY CONTRIBUTIONS TO THE WORK OFASABE AND THE PROFESSIONS SERVED BY OUR SOCIETY. SCHOLARSHIPS AREGRANTED TO PROMISING STUDENTS ENROLLED IN AGRICULTURAL OR BIOLOGICALENGINEERING PROGRAMS. SPECIAL PURPOSE FUNDS ENABLE ASABE TO CAPITALIZEON UNIQUE OPPORTUNITIES FOR GROWTH IN OUR PROFESSIONS AND OUR SOCIETY.DISBURSEMENTS ARE NOT MADE EVERY YEAR FROM ALL FUNDS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $160,930
Program Service Revenue $0
Investment Income $130,262
Other Revenue $0
TOTAL REVENUE $291,192

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $120,605
Other Expenses $195,718
TOTAL EXPENSES $195,718

Year-over-Year Comparison

2023 2022 Change
Revenue $291,192 $408,843 -0.3%
Expenses $195,718 $337,375 -0.4%
Net Income $95,474 $71,468 +0.3%
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
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
3
$306,791
Total Directors
23
$306,791
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LALIT R VERMA PRESIDENT 1.00
Officer Director
$0 $0 $0
DARRIN J DROLLINGER SECRETARY 1.00
Officer Director
$0 $65,254 $306,791
LARRY L HOOVER TREASURER 1.00
Officer Director
$0 $0 $0
TAMI BROWN-BRANDL TRUSTEE 1.00
Director
$0 $0 $0
MARI S CHINN TRUSTEE 1.00
Director
$0 $0 $0
JEREMIAH D DAVIS TRUSTEE 1.00
Director
$0 $0 $0
MARGARET W GITAU TRUSTEE 1.00
Director
$0 $0 $0
BRIAN M HUENINK TRUSTEE 1.00
Director
$0 $0 $0
BRYAN M JENKINS TRUSTEE 1.00
Director
$0 $0 $0
CAROL L JONES TRUSTEE 1.00
Director
$0 $0 $0
PRASANTA K KALITA TRUSTEE 1.00
Director
$0 $0 $0
ANDREW C LENKAITIS TRUSTEE 1.00
Director
$0 $0 $0
CHANGYING LI TRUSTEE 1.00
Director
$0 $0 $0
PETER A LIVINGSTON TRUSTEE 1.00
Director
$0 $0 $0
NOEL R MENARD TRUSTEE 1.00
Director
$0 $0 $0
ALICIA R MODENBACH TRUSTEE 1.00
Director
$0 $0 $0
DOUGLAS R OTTO TRUSTEE 1.00
Director
$0 $0 $0
ANISSA M PURSWELL TRUSTEE 1.00
Director
$0 $0 $0
LEE ROOSE TRUSTEE 1.00
Director
$0 $0 $0
AMY M SCHMIDT TRUSTEE 1.00
Director
$0 $0 $0
ANDREW J THEISEN TRUSTEE 1.00
Director
$0 $0 $0
KEITH G TINSEY TRUSTEE 1.00
Director
$0 $0 $0
TRAVIS B UNTERZUBER TRUSTEE 1.00
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
2024 No data No data No data No data
2023 $291,192 $195,718 $5,528,121 $95,474
2022 $408,843 $337,375 $4,809,234 $71,468
2021 $333,524 $271,005 $5,792,967 $62,519
2020 $530,686 $264,903 $5,181,239 $265,783
2019 $620,007 $283,708 $4,604,343 $336,299
2018 $572,565 $271,431 $3,933,203 $301,134
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