NORTH CENTRAL SOYBEAN RESEARCH PROGRAM

EIN: 421394799 501(c)(3) Science & Technology

ANKENY, IA

Total Revenue
$5,573,694
Total Expenses
$4,635,856
Total Assets
$2,328,941
Net Assets
$2,328,941
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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
1992
Legal Domicile
IA
Principal Officer
ED ANDERSON
Phone
5152518640
Tax Period
2024-10-01 to 2025-09-30

NORTH CENTRAL SOYBEAN RESEARCH PROGRAM, founded in 1992, is a community nonprofit in the Science & Technology sector that reported $5.6M in total revenue in fiscal year 2024. The organization ran a surplus of $938K, a strong 17% operating margin.

Mission

COORDINATE SOYBEAN RESEARCH

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,445,000
Program Service Revenue $2,076,152
Investment Income $52,542
Other Revenue $0
TOTAL REVENUE $5,573,694

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $4,354,434
Other Expenses $4,635,856
TOTAL EXPENSES $4,635,856

Year-over-Year Comparison

2024 2023 Change
Revenue $5,573,694 $5,629,627 0.0%
Expenses $4,635,856 $5,488,571 -0.2%
Net Income $937,838 $141,056 +5.6%
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

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
16

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
5
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID CLARK PRESIDENT 0.50
Officer Director
$0 $0 $0
MATT WAGENSON VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
STEVE KOEMAN SECRETARY/TREASURER 0.50
Officer Director
$0 $0 $0
BRUCES HAINES DIRECTOR 0.50
Director
$0 $0 $0
BOB LINDEMAN DIRECTOR 0.50
Director
$0 $0 $0
HEATH HOUCK DIRECTOR 0.50
Director
$0 $0 $0
ADAM SCHETTLER DIRECTOR 0.50
Director
$0 $0 $0
KEITH MILLER DIRECTOR 0.50
Director
$0 $0 $0
JUSTINE RONE DIRECTOR 0.50
Director
$0 $0 $0
DALLAS LOFF DIRECTOR 0.50
Director
$0 $0 $0
COREY GOODHUE DIRECTOR 0.50
Director
$0 $0 $0
MIKE TOMES DIRECTOR 0.50
Director
$0 $0 $0
DAVID HARDIN DIRECTOR 0.50
Director
$0 $0 $0
BRIAN ATTEBERRY END AUG 2025 DIRECTOR 0.50
Director
$0 $0 $0
GENE STOEL END AUG 2025 DIRECTOR 0.50
Director
$0 $0 $0
SUZANNE SHIRBROUN END DEC 2024 DIRECTOR 0.50
Director
$0 $0 $0
ED ANDERSON EXECUTIVE DIRECTOR 12.00
Officer
$0 $0 $0
STEVE MCGINNIS CHIEF FINANCIAL OFFICER 0.50
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 $5,573,694 $4,635,856 $2,328,941 $937,838
2024 $5,629,627 $5,488,571 $1,391,103 $141,056
2023 $4,737,897 $5,495,217 $1,250,047 $-757,320
2022 $3,793,482 $3,733,140 $2,007,367 $60,342
2021 $3,288,352 $2,842,170 $1,947,025 $446,182
2020 $4,177,896 $4,767,702 $1,500,843 $-589,806
2019 $3,706,023 $3,845,301 $2,090,649 $-139,278
2018 $3,282,467 $4,070,836 $2,229,927 $-788,369
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