COMMITTEE FOR AGRICULTURAL DEVELOPMENT (EIN 420688066) - 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

1943

Legal Domicile

Principal Officer

KENDALL LAMKEY

Phone

5152944621

Tax Period

2024-01-01 to 2024-12-31

COMMITTEE FOR AGRICULTURAL DEVELOPMENT, founded in 1943, is a small nonprofit that reported $703K in total revenue in fiscal year 2024. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 46% operating deficit.

Mission

TO PRODUCE SEED ORIGINATING FROM THE IOWA STATE UNIVERSITY AGRICULTURE AND HOME ECONOMICS EXPERIMENT STATION, TO DISTRIBUTE GERMPLASM AND OTHER RESEARCH PRODUCTS TO THE PUBLIC; AND TO ACQUIRE AND MAINTAIN ADEQUATE LAND FOR CURRENT AND FUTURE UNSPECIFIED NEEDS OF THE IOWA STATE UNIVERSITY AGRICULTURE AND HOME ECONOMICS EXPERIMENT STATION AND THE COLLEGE OF AGRICULTURE AT IOWA 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $4,893

Other Revenue $698,180

TOTAL REVENUE $703,073

Expense Breakdown

Grants Paid $167,199

Salaries & Benefits $277,097

Fundraising Expenses $0

Program Expenses $678,153

Other Expenses $579,165

TOTAL EXPENSES $1,023,461

Year-over-Year Comparison

	2024	2023	Change
Revenue	$703,073	$1,530,860	-0.5%
Expenses	$1,023,461	$1,130,947	-0.1%
Net Income	$-320,388	$399,913	-1.8%

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

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

$651,033

Total Directors

$1,089,852

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN ROBISON	TRUSTEE/DIRE	1.00	Director	$0	$0	$390,454
KENDALL LAMKEY	EXEC DIRECTO	14.00	Officer	$0	$0	$327,353
RUTH MACDONALD	TRUSTEE/DIRE	1.00	Director	$0	$0	$288,999
JAY HARMON	VICE CHAIR	1.00	Officer Director	$0	$0	$223,592
MARY WIEDENHOEFT	TRUSTEE/DIRE	1.00	Director	$0	$0	$186,807
TIM GOODE	SECRETARY	1.00	Officer	$0	$0	$100,088
BRIAN ALT	CHAIR	1.00	Officer Director	$0	$0	$0
MARK HAYES	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
MONIKA JOHNSON	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
CLINT KALLER	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
SEAN REEDER	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
MELODY SANSGAARD	TRUSTEE/DIRE	1.00	Director	$0	$0	$0
RYAN SCHON	TRUSTEE/DIRE	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	$703,073	$1,023,461	$18,066,580	$-320,388
2023	$1,530,860	$1,130,947	$18,411,450	$399,913
2022	$1,832,125	$1,061,636	$20,274,936	$770,489
2021	$1,833,628	$1,179,921	$16,450,301	$653,707
2020	$937,467	$882,958	$16,096,871	$54,509
2019	$2,219,496	$1,549,385	$13,468,005	$670,111
2018	$953,686	$720,613	$13,103,697	$233,073

COMMITTEE FOR AGRICULTURAL DEVELOPMENT