AMERICAN SWEET POTATO MARKETING INSTITUTE INC (EIN 462425262) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

KEITH GROVEN

Phone

9198941067

Tax Period

2024-01-01 to 2024-12-31

AMERICAN SWEET POTATO MARKETING INSTITUTE INC, founded in 2013, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $495K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $76K, a strong 15% operating margin.

Mission

THE EXEMPT PURPOSE OF THE AMERICAN SWEET POTATO MARKETING INSTITUTE, INC. IS TO (I)USE GENERIC MARKETING PROGRAMS, BOTH FOREIGN AND DOMESTIC, TO PROMOTE THE UNITED STATES SWEET POTATO INDUSTRY; (II) TO PROMOTE RESEARCH ACTIVITIES DESIGNED TO DEVELOP NEW AND BETTER SWEET POTATO VARIETIES, DISEASE AND INSECT CONTROL, SUSTAINABLE AND EFFICIENT HORTICULTURAL PRACTICES, AS WELL AS IDEAS TO REDUCE THE BARRIERS TO TRADE AND IDENTIFYING NEW MARKETS AND METHODS OF TRADE; AND (III) TO PROVIDE MEMBERS WITH USEFUL AND PRACTICAL INFORMATION, TRENDS AND TRADING PRACTICES RELATIVE TO THE OPERATION AND MANAGEMENT OF THE SWEET POTATO INDUSTRY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $494,965

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $494,965

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $406,471

Other Expenses $419,305

TOTAL EXPENSES $419,305

Year-over-Year Comparison

	2024	2023	Change
Revenue	$494,965	$528,208	-0.1%
Expenses	$419,305	$544,103	-0.2%
Net Income	$75,660	$-15,895	-5.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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
JOHN C BARNES	DIRECTOR	N/A	Director	$0	$0	$0
TIM DISMUKES	DIRECTOR	N/A	Director	$0	$0	$0
MICHELLE GRAINGER	TREASURER	N/A	Officer Director	$0	$0	$0
KEITH GROVEN	PRESIDENT	N/A	Officer Director	$0	$0	$0
ROB HILL	DIRECTOR	N/A	Director	$0	$0	$0
JIM JONES	DIRECTOR	N/A	Director	$0	$0	$0
THOMAS JOYNER	DIRECTOR	N/A	Director	$0	$0	$0
KIM LEQUIRE	DIRECTOR	N/A	Director	$0	$0	$0
BRENDA OGLESBY	DIRECTOR	N/A	Director	$0	$0	$0
PENDER SHARP	DIRECTOR	N/A	Director	$0	$0	$0
CHARLOTTE VICK	DIRECTOR	N/A	Director	$0	$0	$0
BRIAN WARREN	DIRECTOR	N/A	Director	$0	$0	$0
STEPHANIE WILLIAMS	SECRETARY	N/A	Officer Director	$0	$0	$0
RANDLE WRIGHT	DIRECTOR	N/A	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	$494,965	$419,305	$103,296	$75,660
2023	$528,208	$544,103	$119,049	$-15,895
2022	$400,075	$505,679	$162,295	$-105,604
2021	$358,884	$398,080	$166,161	$-39,196
2020	$379,478	$405,703	$173,488	$-26,225
2019	$278,824	$270,132	$196,807	$8,692
2018	$457,514	$396,740	$186,279	$60,774

AMERICAN SWEET POTATO MARKETING INSTITUTE INC