SOYBEAN RESEARCH & DEVELOPMENT COUNCIL (EIN 391899505) - 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

1997

Legal Domicile

Principal Officer

KIRK LEEDS

Phone

5152518640

Tax Period

2024-10-01 to 2025-09-30

SOYBEAN RESEARCH & DEVELOPMENT COUNCIL, founded in 1997, is a community nonprofit in the Unknown sector that reported $1.4M in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $1.3M left a modest 8% surplus.

Mission

PROMOTION OF THE SOYBEAN INDUSTRY.

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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 $475,000

Program Service Revenue $877,483

Investment Income $47,424

Other Revenue $0

TOTAL REVENUE $1,399,907

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,229

Fundraising Expenses $0

Other Expenses $1,276,378

TOTAL EXPENSES $1,282,607

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,399,907	$1,978,835	-0.3%
Expenses	$1,282,607	$1,818,646	-0.3%
Net Income	$117,300	$160,189	-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

$788,797

Total Directors

$24,049

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENT SWART - END SEPT	PRESIDENT	0.50	Director	$0	$0	$8,949
TOM ADAM	PRESIDENT	0.50	Officer Director	$0	$0	$1,200
LEE BROOKE	PRESIDENT ELECT	0.50	Officer Director	$0	$0	$700
SAM SHOWALTER	TREASURER	0.50	Officer Director	$0	$0	$3,100
SCOT BAILEY - END SEPT	DIRECTOR	0.50	Director	$0	$0	$3,900
AIMEE BISSELL	SECRETARY	0.50	Officer Director	$0	$0	$3,100
JEFF ELLIS	DIRECTOR	0.50	Director	$0	$0	$3,100
KIRK LEEDS	CHIEF EXECUTIVE OFFICER	0.50	Officer	$8,627	$56,280	$527,704
STEVE MCGINNIS	CHIEF FINANCIAL OFFICER	0.50	Officer	$0	$43,295	$252,993

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	$1,399,907	$1,282,607	$1,164,570	$117,300
2024	$1,978,835	$1,818,646	$1,649,855	$160,189
2023	$2,357,358	$2,110,493	$1,602,114	$246,865
2022	$2,374,408	$1,511,302	$1,429,304	$863,106
2021	$686,918	$689,470	$631,435	$-2,552
2020	$441,866	$444,025	$593,112	$-2,159
2019	$786,806	$786,601	$316,823	$205
2018	$785,637	$789,671	$417,278	$-4,034

SOYBEAN RESEARCH & DEVELOPMENT COUNCIL