NORTH DAKOTA GRAIN DEALERS ASSOCIATION BENEFIT PLAN AND TRUST

EIN: 450433738

FARGO, ND

Total Revenue
$20,120,832
Total Expenses
$19,202,847
Total Assets
$7,798,752
Net Assets
$5,253,078
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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
ND
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.

Program Service Accomplishments

Program 1

PROVIDING PAYMENTS FOR BENEFITS OF MEMBERS INCLUDING HEALTH, VISION, AND DENTAL BENEFITS. THE PLAN SERVICED 1,389 CONTRACTS AT THE BEGINNING OF THE YEAR AND 1,312 AT THE END OF THE YEAR.

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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 (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

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Governance

Voting Members
7
Independent Members
6
Employees
N/A
Volunteers
8

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
2
$160,889
Total Directors
8
$160,889
Key Employees
0
$0
Highest Compensated
0
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
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