VALUE ADDED AG DEVELOPMENT CENTER (EIN 460452883) - 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

1999

Legal Domicile

Principal Officer

WAYNE SOREN

Phone

6052249402

Tax Period

2024-01-01 to 2024-12-31

VALUE ADDED AG DEVELOPMENT CENTER, founded in 1999, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $266K in total revenue in fiscal year 2018. Expenses of $254K left a modest 5% surplus.

Mission

FOSTER CREATION OF VALUE-ADDED CONCEPTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $469,190

Program Service Revenue $3,552

Investment Income $565

Other Revenue $4,686

TOTAL REVENUE $477,993

Expense Breakdown

Grants Paid $0

Salaries & Benefits $157,007

Fundraising Expenses $21,035

Program Expenses $204,373

Other Expenses $136,490

TOTAL EXPENSES $293,497

Year-over-Year Comparison

	2024	2023	Change
Revenue	$477,993	$391,423	+0.2%
Expenses	$293,497	$348,514	-0.2%
Net Income	$184,496	$42,909	+3.3%

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

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
CHERI RATH	EXECUTIVE DI	40.00	Highest	$147,841	$0	$147,841
HEATHER BEANER	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA FORMAN	SEC/TREASURE	1.00	Officer Director	$0	$0	$0
JOHN HORTER	DIRECTOR	1.00	Director	$0	$0	$0
JOSH KETTWIG	DIRECTOR	1.00	Director	$0	$0	$0
JON KLEINJAN	DIRECTOR	1.00	Director	$0	$0	$0
BERT ROGNESS	DIRECTOR	1.00	Director	$0	$0	$0
BRAD SEAMAN	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE SOREN	PRESIDENT	1.00	Officer Director	$0	$0	$0
RODNEY TOBIN	VICE PRESIDE	1.00	Officer 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	$477,993	$293,497	$791,889	$184,496
2023	$391,423	$348,514	$595,420	$42,909
2022	$329,442	$339,214	$554,712	$-9,772
2021	$319,133	$279,757	$564,867	$39,376
2020	$270,417	$258,289	$523,476	$12,128
2019	$277,949	$265,615	$511,374	$12,334
2018	$265,847	$253,671	$505,127	$12,176

VALUE ADDED AG DEVELOPMENT CENTER