MICHIGAN CROP IMPROVEMENT ASSOCIAT… - 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

1927

Legal Domicile

Principal Officer

CURREN J PALMER

Phone

5173323546

Tax Period

2025-01-01 to 2025-12-31

MICHIGAN CROP IMPROVEMENT ASSOCIATION, founded in 1927, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $2.0M in total revenue in fiscal year 2025.

Mission

TO ASSIST THE MICHIGAN SEED INDUSTRY BY PROVIDING: GENETIC, DISEASE, AGRONOMIC, AND MARKETING INFORMATION, THROUGH FOUNDATION SEED PRODUCTION, FIELD INSPECTION, AND LAB TESTING, TO FACILITATE THE MOVEMENT OF SEED OR PLANT PRODUCTS IN LOCAL, NATIONAL, AND INTERNATIONAL MARKETS.

Program Service Accomplishments

Program 1

Expenses: $941,988 Revenue: $761,135

PURCHASE AND CERTIFICATION OF FOUNDATION SEED FOR THE ASSOCIATION'S MEMBERS (77 MEMBERS, INCLUDING 26 ASSOCIATE MEMBERS). 670,848 BUSHELS WERE CERTIFIED IN 2025.

Program 2

Expenses: $749,027 Revenue: $1,061,428

SEED TESTING AND CERTIFICATION FOR THE ASSOCIATION'S MEMBERS (77 MEMBERS, INCLUDING 26 ASSOCIATE MEMBERS). 97,224 ACRES WERE INSPECTED FOR MEMBERS IN 2025 AND APPROXIMATELY 6,299 LAB TESTS WERE...

SEED TESTING AND CERTIFICATION FOR THE ASSOCIATION'S MEMBERS (77 MEMBERS, INCLUDING 26 ASSOCIATE MEMBERS). 97,224 ACRES WERE INSPECTED FOR MEMBERS IN 2025 AND APPROXIMATELY 6,299 LAB TESTS WERE PERFORMED.

Program 3

Expenses: $22,000

EDUCATIONAL SCHOLARSHIPS TO STUDENTS IN THE CROP AND SOIL SCIENCE DEPARTMENT AT MICHIGAN STATE UNIVERSITY. 12 SCHOLARSHIPS WERE AWARDED, INCLUDING 10 SCHOLARSHIPS TO MICHIGAN STATE UNIVERSITY...

EDUCATIONAL SCHOLARSHIPS TO STUDENTS IN THE CROP AND SOIL SCIENCE DEPARTMENT AT MICHIGAN STATE UNIVERSITY. 12 SCHOLARSHIPS WERE AWARDED, INCLUDING 10 SCHOLARSHIPS TO MICHIGAN STATE UNIVERSITY STUDENTS AND 2 SCOTT JUDD SCHOLARSHIPS TO GRADUATING MASON HIGH SCHOOL STUDENTS WHO WILL BE ATTENDING MICHIGAN STATE UNIVERSITY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,295,004

Investment Income $121,073

Other Revenue $535,291

TOTAL REVENUE $1,951,368

Expense Breakdown

Grants Paid $45,332

Salaries & Benefits $1,154,897

Fundraising Expenses $0

Program Expenses $1,730,565

Other Expenses $708,612

TOTAL EXPENSES $1,908,841

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,951,368	$1,885,271	+0.0%
Expenses	$1,908,841	$1,824,601	+0.0%
Net Income	$42,527	$60,670	-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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$191,114

Total Directors

$7,125

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN MOORE	DIRECTOR	0.50	Director	$1,000	$0	$1,000
MATT LUTZ	DIRECTOR	0.50	Director	$1,125	$0	$1,125
CARL WAGNER III	DIRECTOR	0.50	Director	$1,125	$0	$1,125
JEFF MARTUS	PRESIDENT	0.50	Officer Director	$1,500	$0	$1,500
JEFF DREHER	VICE PRESIDENT	0.50	Officer Director	$1,125	$0	$1,125
TOBY BROWN	SECRETARY/TREASURER	0.50	Officer Director	$375	$0	$375
ALAN PETERS	DIRECTOR	0.50	Director	$875	$0	$875
MICHAEL PHILIP	DIRECTOR	0.50	Director	$0	$0	$0
GEORGE SMITH	DIRECTOR	0.50	Director	$0	$0	$0
CURREN J PALMER	MANAGER	45.00	Officer	$166,437	$21,677	$188,114
JANET POLICELLA	OFFICE MANAGER	40.00	Highest	$104,633	$35,240	$139,873
LEE SILER	SEED QUALITY MANAGER	45.00	Highest	$122,678	$17,462	$140,140

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	$1,951,368	$1,908,841	$3,611,060	$42,527
2024	$1,885,271	$1,824,601	$3,737,415	$60,670
2023	$1,885,259	$1,800,927	$3,434,471	$84,332
2022	$1,689,809	$1,708,113	$3,334,993	$-18,304
2021	$1,915,631	$1,479,027	$3,517,930	$436,604
2020	$1,693,918	$1,502,998	$3,187,756	$190,920
2019	$1,383,520	$1,512,898	$2,856,804	$-129,378
2018	$1,339,222	$1,474,198	$2,935,976	$-134,976

MICHIGAN CROP IMPROVEMENT ASSOCIATION