FOUNDATION SEED STOCKS DIVISION

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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

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 $711K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $416K, a strong 58% operating margin.

Mission

TO MAINTAIN GENETIC PURITY OF PUBLICALLY DEVELOPED VARIETIES OF AGRICULTURAL CROPS

Program Service Accomplishments

Program 1

Expenses: $295,626 Revenue: $415,752

FOUNDATION SEED IS AFFILIATED WITH SOUTH DAKOTA STATE UNIVERSITY, WHICH IS THE LAND GRANT UNIVERSITY FOR SOUTH DAKOTA. OVER 200 PUBLIC VARIETIES OF THE SEED FOUNDATION ARE MAINTAINED OF PUBLICLY...

FOUNDATION SEED IS AFFILIATED WITH SOUTH DAKOTA STATE UNIVERSITY, WHICH IS THE LAND GRANT UNIVERSITY FOR SOUTH DAKOTA. OVER 200 PUBLIC VARIETIES OF THE SEED FOUNDATION ARE MAINTAINED OF PUBLICLY DEVELOPED CROP VARIETIES. FOUNDATION SEED DISTRIBUTES UP TO 30000 BUSHELS OF FOUNDATION CLASS OF CERTIFIED SEED TO COVER 120 CERTIFIED SEED PRODUCERS ANNUALLY.

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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 $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