IOWA SOYBEAN ASSOCIATION (EIN 426127197) - 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

1964

Legal Domicile

Principal Officer

KIRK LEEDS

Phone

5152518640

Tax Period

2024-10-01 to 2025-09-30

IOWA SOYBEAN ASSOCIATION, founded in 1964, is a mid-sized nonprofit that reported $47.1M in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year.

Mission

DRIVEN TO DELIVER OPPORTUNITIES FOR IOWA SOYBEAN FARMERS TO THRIVE.

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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 $11,215,033

Program Service Revenue $34,612,002

Investment Income $881,686

Other Revenue $432,621

TOTAL REVENUE $47,141,342

Expense Breakdown

Grants Paid $9,378,904

Salaries & Benefits $9,533,230

Fundraising Expenses $0

Other Expenses $30,034,018

TOTAL EXPENSES $48,946,152

Year-over-Year Comparison

	2024	2023	Change
Revenue	$47,141,342	$53,765,158	-0.1%
Expenses	$48,946,152	$51,370,179	0.0%
Net Income	$-1,804,810	$2,394,979	-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

117

Volunteers

131

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

$788,794

Total Directors

$51,184

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM ADAM	PRESIDENT	1.00	Officer Director	$1,200	$0	$1,200
LEE BROOKE	PRESIDENT ELECT	1.00	Officer Director	$700	$0	$700
SAM SHOWALTER	TREASURER	1.00	Officer Director	$3,100	$0	$3,100
AIMEE BISSELL	SECRETARY	1.00	Officer Director	$3,100	$0	$3,100
JEFF ELLIS	DIRECTOR	1.00	Director	$3,100	$0	$3,100
PAUL KASSEL	DIRECTOR	1.00	Director	$1,200	$0	$1,200
BRENT SWART	DIRECTOR	1.00	Director	$8,949	$0	$8,949
MIKE YEGGE	DIRECTOR	1.00	Director	$700	$0	$700
AMANDA TUPPER	DIRECTOR	1.00	Director	$700	$0	$700
JOSH SCHOULTE	DIRECTOR	1.00	Director	$0	$0	$0
JEFF FRANK	DIRECTOR	1.00	Director	$0	$0	$0
MARTY DANZER	DIRECTOR	1.00	Director	$4,000	$0	$4,000
COREY GOODHUE	DIRECTOR	1.00	Director	$700	$0	$700
DAVE STRUTHERS	DIRECTOR	1.00	Director	$2,000	$0	$2,000
JOE SPERSFSLAGE	DIRECTOR	1.00	Director	$0	$0	$0
SCOT BAILEY	DIRECTOR	1.00	Director	$3,900	$0	$3,900
BRIAN FULLER	DIRECTOR	1.00	Director	$0	$0	$0
SUMMER ORY	DIRECTOR	1.00	Director	$630	$0	$630
SHARON CHISM	DIRECTOR	1.00	Director	$2,800	$0	$2,800
JACK BOYER	DIRECTOR	1.00	Director	$700	$0	$700
NEIL KRUMMEN	DIRECTOR	1.00	Director	$0	$0	$0
MATT WILLIMACK	DIRECTOR (END 8/8/2025)	1.00	Director	$700	$0	$700
RICK JUCHEMS	DIRECTOR (END 9/4/2025)	1.00	Director	$2,444	$0	$2,444
DAVE WALTON	DIRECTOR (END 9/4/2025)	1.00	Director	$1,000	$0	$1,000
WARREN BACHMAN	DIRECTOR (END 9/4/2025)	1.00	Director	$2,500	$0	$2,500
RANDY MILLER	DIRECTOR (END 9/4/2025)	1.00	Director	$3,861	$0	$3,861
BRENT RENNER	DIRECTOR (END 9/4/2025)	1.00	Director	$3,200	$0	$3,200
KIRK LEEDS	CHIEF EXECUTIVE OFFICER	39.00	Officer	$456,763	$56,279	$527,703
STEVE MCGINNIS	CHIEF FINANCIAL OFFICER	39.00	Officer	$203,616	$43,293	$252,991
ROGER WOLF	DIRECTOR OF CONSERVATION	34.00	Highest	$181,631	$39,814	$256,480
DAN YEOMAN	MANAGING DIRECTOR OF AGOUTCOMES	0.00	Highest	$0	$12,133	$281,757
MATT HERMAN	CO OF DEMAND AND ADVOCACY	40.00	Highest	$244,092	$31,777	$275,869
JOE MCCLURE	CO OF RESEARCH CENTER FOR FARMING	39.50	Highest	$214,259	$45,380	$263,167
CHRISTI WIEBBECKE	CO OF RESEARCH AND CONSERVATION	40.00	Highest	$252,658	$45,427	$298,085

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	$47,141,342	$48,946,152	$50,361,819	$-1,804,810
2024	$53,765,158	$51,370,179	$54,483,294	$2,394,979
2023	$53,121,070	$48,138,913	$49,063,566	$4,982,157
2022	$49,594,198	$42,769,061	$41,040,308	$6,825,137
2021	$36,873,916	$31,465,149	$34,175,040	$5,408,767
2020	$33,930,076	$29,641,064	$27,947,342	$4,289,012
2019	$25,982,173	$29,171,995	$26,342,959	$-3,189,822
2018	$34,155,602	$33,773,449	$24,993,704	$382,153

IOWA SOYBEAN ASSOCIATION