IOWA CORN PROMOTION BOARD (EIN 421113939) - 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

1977

Legal Domicile

Principal Officer

CRAIG FLOSS

Phone

5152259242

Tax Period

2024-09-01 to 2025-08-31

IOWA CORN PROMOTION BOARD, founded in 1977, is a mid-sized nonprofit that reported $23.7M in total revenue in fiscal year 2024.

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 $0

Program Service Revenue $23,146,710

Investment Income $561,808

Other Revenue $0

TOTAL REVENUE $23,708,518

Expense Breakdown

Grants Paid $23,654,916

Salaries & Benefits $45,500

Fundraising Expenses $0

Other Expenses $1,531,818

TOTAL EXPENSES $25,232,234

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,708,518	$22,905,648	+0.0%
Expenses	$25,232,234	$28,982,840	-0.1%
Net Income	$-1,523,716	$-6,077,192	-0.7%

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

459

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

$697,325

Total Directors

$29,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RALPH LENTS	PRESIDENT	5.00	Officer Director	$7,000	$0	$7,000
JOE ROBERTS	VICE PRESIDENT	5.00	Officer Director	$3,300	$0	$3,300
STAN NELSON	CHAIR	5.00	Officer Director	$7,400	$0	$7,400
MIKAYLA COLEHOUR	DIRECTOR	5.00	Director	$0	$0	$0
JEROD FLAHERTY	DIRECTOR	5.00	Director	$0	$0	$0
PAUL GIESELMAN	DIRECTOR	5.00	Director	$4,200	$0	$4,200
CHAD HARMS	DIRECTOR	5.00	Director	$800	$0	$800
DEREK KEMPER	DIRECTOR	5.00	Director	$600	$0	$600
JERRY MAIER	DIRECTOR	5.00	Director	$300	$0	$300
JASON ORR	DIRECTOR	5.00	Director	$2,700	$0	$2,700
DARIN PROFFIT	DIRECTOR	5.00	Director	$600	$0	$600
RYAN STEFFENSEN	DIRECTOR	5.00	Director	$2,900	$0	$2,900
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
JULIE KIRBY	VP OF FINANCE (THRU 7/24)	0.00		$153,123	$30,226	$183,349

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	$23,708,518	$25,232,234	$21,044,256	$-1,523,716
2024	$22,905,648	$28,982,840	$22,730,958	$-6,077,192
2023	$21,595,790	$21,911,198	$28,599,152	$-315,408
2022	$24,524,776	$21,195,043	$28,871,996	$3,329,733
2021	$21,209,650	$18,908,620	$25,536,822	$2,301,030
2020	$22,013,466	$18,564,664	$23,359,548	$3,448,802
2019	$21,226,169	$18,723,951	$20,845,483	$2,502,218
2018	$23,705,800	$19,897,467	$19,489,371	$3,808,333

IOWA CORN PROMOTION BOARD