FOUNDATION SEED STOCKS DIVISION (EIN 460230291) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1944

Legal Domicile

Principal Officer

JACK INGEMANSEN

Phone

6056885418

Tax Period

2023-07-01 to 2024-06-30

FOUNDATION SEED STOCKS DIVISION, founded in 1944, is a small nonprofit that reported $528K in total revenue in fiscal year 2020. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $922K exceeded revenue, resulting in a 75% operating deficit.

Mission

TO PROVIDE PURE SEED STOCK OF NEW VARIETIES DEVELOPED AT SOUTH DAKOTA STATE UNIVERSITY

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $56,664

Other Revenue $654,714

TOTAL REVENUE $711,378

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,149

Fundraising Expenses $0

Program Expenses $295,626

Other Expenses $282,477

TOTAL EXPENSES $295,626

Year-over-Year Comparison

	2023	2022	Change
Revenue	$711,378	$812,532	-0.1%
Expenses	$295,626	$324,841	-0.1%
Net Income	$415,752	$487,691	-0.1%

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

N/A

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
JACK INGEMANSEN	MANAGER	45.00	Officer Director Highest	$0	$0	$0
DAVID WRIGHT	CHAIRMAN	1.00	Director	$0	$0	$0
LEE BROCKMUELLER	VICE CHAIRMAN	1.00	Director	$0	$0	$0
VACANT	SECRETARY-TREASURER	N/A	Director	$0	$0	$0
BARRY DUNN	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH CASSADY	DIRECTOR	1.00	Director	$0	$0	$0
KARLA TRAUTMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BLANTON JR	DIRECTOR	1.00	Director	$0	$0	$0
BRENT KRAUSE	DIRECTOR	1.00	Director	$0	$0	$0
HENRY ROGHAIR	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN BIELMAIER	DIRECTOR	1.00	Director	$0	$0	$0
EVAN SALVERSON	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$711,378	$295,626	$3,316,873	$415,752
2023	$812,532	$324,841	$2,905,942	$487,691
2022	$584,836	$243,666	$2,678,863	$341,170
2021	$528,130	$921,992	$2,647,915	$-393,862

FOUNDATION SEED STOCKS DIVISION