Wisconsin Soybean Marketing Board Inc (EIN 391471066) - Form 990 Financial Analysis & Trantor Score

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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

1983

Legal Domicile

Principal Officer

Steve Wilkens

Phone

6082747522

Tax Period

2024-09-01 to 2025-08-31

Wisconsin Soybean Marketing Board Inc, founded in 1983, is a community nonprofit that reported $5.6M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $7.9M exceeded revenue, resulting in a 42% operating deficit.

Mission

Manage the Wisconsin Soybean marketing order by expanding and maintaining the sales of soybeans and soybean product and contracting with organizations to accomplish the purpose and objectives of the order.

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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 $0

Program Service Revenue $5,177,359

Investment Income $399,004

Other Revenue $6,485

TOTAL REVENUE $5,582,848

Expense Breakdown

Grants Paid $2,650,037

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $5,275,779

TOTAL EXPENSES $7,925,816

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,582,848	$7,082,125	-0.2%
Expenses	$7,925,816	$7,217,944	+0.1%
Net Income	$-2,342,968	$-135,819	+16.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patrick Mullooly	Director	2.00	Director	$0	$0	$0
Andy Bensend	Director	2.00	Director	$0	$0	$0
Kevin Bork	Director	2.00	Director	$0	$0	$0
Justin Bauer	Director	2.00	Director	$0	$0	$0
Jonathan Gibbs	President	5.00	Officer	$0	$0	$0
Matt Wagenson	Vice President	4.00	Officer	$0	$0	$0
Steve Wilkens	Secretary-Treasurer	5.00	Officer	$0	$0	$0
Adam Kask	Executive Director	34.00	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	$5,582,848	$7,925,816	$8,132,045	$-2,342,968
2024	$7,082,125	$7,217,944	$10,478,442	$-135,819
2023	$8,375,418	$7,053,075	$10,609,419	$1,322,343
2022	$7,489,309	$5,913,022	$9,285,621	$1,576,287
2021	$5,888,689	$4,916,715	$7,709,334	$971,974
2020	$3,752,487	$3,561,045	$6,737,360	$191,442
2019	$4,022,167	$3,942,904	$6,545,918	$79,263

Wisconsin Soybean Marketing Board Inc