NORTH DAKOTA GRAIN DEALERS ASSOCIATION BENEFIT PLAN AND TRUST (EIN 450433738) - 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

1993

Legal Domicile

Principal Officer

STUART LETCHER

Phone

7012354184

Tax Period

2023-01-01 to 2023-12-31

NORTH DAKOTA GRAIN DEALERS ASSOCIATION BENEFIT PLAN AND TRUST, founded in 1993, is a mid-sized nonprofit that reported $20.1M in total revenue in fiscal year 2023. Expenses of $19.2M left a modest 5% surplus.

Mission

TO PROVIDE WELFARE BENEFITS TO EMPLOYEES AND THEIR DEPENDENTS WHOSE EMPLOYERS ARE MEMBERS OF THE NORTH DAKOTA GRAIN DEALERS ASSOCIATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $20,178,101

Investment Income $-57,269

Other Revenue $0

TOTAL REVENUE $20,120,832

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,817,679

TOTAL EXPENSES $19,202,847

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,120,832	$20,834,958	0.0%
Expenses	$19,202,847	$20,527,434	-0.1%
Net Income	$917,985	$307,524	+2.0%

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

$160,889

Total Directors

$160,889

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STUART LETCHER	SECRETARY	2.00	Officer Director	$0	$0	$160,889
KEITH BRANDT	CHAIRMAN	1.00	Officer Director	$0	$0	$0
RICK TALBOTT	COMMITTEEMAN	0.50	Director	$0	$0	$0
SCOTT OSTLIE	COMMITTEEMAN	0.50	Director	$0	$0	$0
KEVIN MOORE	COMMITTEEMAN (UNTIL MAY)	0.50	Director	$0	$0	$0
KAYLA BURKHART	COMMITTEEMAN	0.50	Director	$0	$0	$0
JARED MYERS	COMMITTEEMAN	0.50	Director	$0	$0	$0
WILL KUSLER	COMMITTEEMAN (FROM MAY)	0.50	Director	$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
2024	No data	No data	No data	No data
2023	$20,120,832	$19,202,847	$7,798,752	$917,985
2022	$20,834,958	$20,527,434	$6,382,812	$307,524
2021	$17,578,816	$18,061,865	$5,940,664	$-483,049
2020	$15,676,808	$16,357,506	$5,986,174	$-680,698
2019	$14,282,981	$13,960,626	$5,644,443	$322,355
2018	$12,443,986	$13,384,348	$4,072,246	$-940,362

NORTH DAKOTA GRAIN DEALERS ASSOCIATION BENEFIT PLAN AND TRUST