IOWA CORN GROWER'S ASSOCIATION (EIN 421036179) - 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

1967

Legal Domicile

Principal Officer

CRAIG FLOSS

Phone

5152259242

Tax Period

2024-09-01 to 2025-08-31

IOWA CORN GROWER'S ASSOCIATION, founded in 1967, is a mid-sized nonprofit that reported $24.6M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $23.4M left a modest 5% surplus.

Mission

CREATING OPPORTUNITIES FOR LONG-TERM IOWA CORN GROWER PROFITABILITY

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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 $267,931

Program Service Revenue $23,865,496

Investment Income $354,439

Other Revenue $152,807

TOTAL REVENUE $24,640,673

Expense Breakdown

Grants Paid $8,958,137

Salaries & Benefits $4,659,572

Fundraising Expenses $0

Other Expenses $9,791,092

TOTAL EXPENSES $23,408,801

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,640,673	$28,252,047	-0.1%
Expenses	$23,408,801	$25,944,919	-0.1%
Net Income	$1,231,872	$2,307,128	-0.5%

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

460

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

$704,125

Total Directors

$41,950

Key Employees

$1,531,537

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STUART SWANSON	PRESIDENT	5.00	Officer Director	$11,250	$0	$11,250
MARK MUELLER	VICE PRESIDENT	5.00	Officer Director	$5,000	$0	$5,000
JOLENE RIESSEN	CHAIR	5.00	Officer Director	$8,250	$0	$8,250
ADAM BIERBAUM	DIRECTOR	5.00	Director	$2,100	$0	$2,100
WILL CANNON	DIRECTOR	5.00	Director	$2,000	$0	$2,000
LAURA FOELL	DIRECTOR	5.00	Director	$2,400	$0	$2,400
ELLIOT HENDERSON	DIRECTOR	5.00	Director	$0	$0	$0
DAN KEITZER	DIRECTOR	5.00	Director	$5,600	$0	$5,600
STEVE KUIPER	DIRECTOR	5.00	Director	$850	$0	$850
LOGAN LYON	DIRECTOR	5.00	Director	$2,000	$0	$2,000
RUSTY OLSON	DIRECTOR	5.00	Director	$0	$0	$0
MIKE VER STEEG	DIRECTOR	5.00	Director	$2,500	$0	$2,500
CRAIG FLOSS	CHIEF EXECUTIVE OFFICER	40.00	Officer	$491,342	$68,329	$559,671
VALERIE SANCHEZ	SENIOR DIRECTOR OF FINANCE	40.00	Officer	$97,634	$22,320	$119,954
BRIAN R JONES	CHIEF OPERATING OFFICER	40.00	Key Emp	$288,582	$56,583	$345,165
RODNEY WILLIAMSON	VP OF RESEARCH & SUSTAINABILITY	40.00	Key Emp	$243,153	$51,600	$294,753
SHANNON TEXTOR	VP OF COMMUNICATIONS	40.00	Key Emp	$188,169	$38,359	$226,528
KEVIN STUDER	DIRECTOR OF FEDERAL POLICY	40.00	Key Emp	$200,866	$45,204	$246,070
RYAN SAUER	VP OF MARKET DEVELOPMENT	40.00	Key Emp	$185,144	$33,687	$218,831
CARRIE DODDS	VP OF GRASSROOTS DEVELOPMENT	40.00	Key Emp	$153,610	$46,580	$200,190
GREG WANDREY	DIRECTOR OF SUSTAINABILITY	40.00	Highest	$148,818	$20,919	$169,737
ALEXANDER BUCK	DIR. OF INDUSTRIAL INNOVATION	40.00	Highest	$106,261	$46,031	$152,292
CHRIS BENGTSON	MGR. ECON ANALYSIS & INVESTMENTS	40.00	Highest	$116,498	$10,200	$126,698
DENISE FORNEY	VP OF TALENT & ORG DEVELOPMENT	40.00	Highest	$127,845	$20,632	$148,477
JULIE KIRBY	VP OF FINANCE (UNTIL 7/24)	0.00		$153,123	$30,226	$183,349
MINDY LARSEN POLDBERG	VP OF GOV'T RELATIONS (UNTIL 7/24)	40.00		$143,760	$40,688	$184,448

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	$24,640,673	$23,408,801	$27,093,304	$1,231,872
2024	$28,252,047	$25,944,919	$27,369,569	$2,307,128
2023	$20,970,550	$20,156,684	$20,266,725	$813,866
2022	$19,989,952	$20,074,813	$20,295,827	$-84,861
2021	$18,050,995	$17,705,228	$23,265,491	$345,767
2020	$18,783,103	$18,679,218	$24,422,898	$103,885
2019	$18,999,913	$18,145,376	$20,887,248	$854,537
2018	$20,067,169	$19,915,873	$18,288,182	$151,296

IOWA CORN GROWER'S ASSOCIATION