NORTH CENTRAL SOYBEAN RESEARCH PRO… - Form 990 Financial Data

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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

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

Program Service Accomplishments

Program 1

Expenses: $4,354,434 Revenue: $2,076,152

RESEARCH PROJECTS - NCSRP ENCOURAGES INTRA- AND INTER- UNIVERSITY COLLABORATIVE RESEARCH PROGRAMS, THEREBY REDUCING DUPLICATIVE RESEARCH EFFORTS. NCSRP ALSO SUPPORTS WORKSHOPS AND RESULTS-ORIENTED...

RESEARCH PROJECTS - NCSRP ENCOURAGES INTRA- AND INTER- UNIVERSITY COLLABORATIVE RESEARCH PROGRAMS, THEREBY REDUCING DUPLICATIVE RESEARCH EFFORTS. NCSRP ALSO SUPPORTS WORKSHOPS AND RESULTS-ORIENTED RESEARCH REVIEWS, PUBLICATIONS, BULLETINS AND AN ANNUAL REPORT TO ACCELERATE THE DEVELOPMENT AND RELEASE OF NOVEL DATA, INFORMATION AND STRATEGIES FOR INCREASING SOYBEAN YIELD, SOYBEAN QUALITY IMPROVEMENT, SOYBEAN YIELD PRESERVATION AND DISEASE, AND INSECT AND ABIOTIC STRESS MANAGEMENT.

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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 $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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

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

NORTH CENTRAL SOYBEAN RESEARCH PROGRAM