ILLINOIS NUTRIENT RESEARCH & EDUCA… - Form 990 Financial Data

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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

2012

Legal Domicile

Principal Officer

JULIE ARMSTRONG

Phone

3092120047

Tax Period

2023-10-01 to 2024-09-30

ILLINOIS NUTRIENT RESEARCH & EDUCATION COUNCIL, founded in 2012, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $4.2M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $4.7M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO ORGANIZE AND COORDINATE AGRICULTURAL RESEARCH AND EDUCATION PROGRAMS WITH CERTIFIED CROP ADVISORS, CROP PRODUCTION PROFESSIONALS, AGRICULTURAL PRODUCERS AND OTHER INDIVIDUALS ASSOCIATED WITH AGRICULTURE AND AGRIBUSINESS.

Program Service Accomplishments

Program 1

TO PURSUE NUTRIENT RESEARCH AND EDUCATIONAL PROGRAMS TO ENSURE THE ADOPTION AND IMPLEMENTATION OF PRACTICES THAT OPTIMIZE NUTRIENT USE EFFICIENCY, ENSURE SOIL FERTILITY, AND ADDRESS ENVIRONMENTAL...

TO PURSUE NUTRIENT RESEARCH AND EDUCATIONAL PROGRAMS TO ENSURE THE ADOPTION AND IMPLEMENTATION OF PRACTICES THAT OPTIMIZE NUTRIENT USE EFFICIENCY, ENSURE SOIL FERTILITY, AND ADDRESS ENVIRONMENTAL CONCERNS WITH REGARD TO FERTILIZER USE.

Program 2

TO REPORT AND PUBLISH THE FINDINGS OF ALL RESEARCH AND EDUCATION PROJECTS AT INDUSTRY CONFERENCES, AND PROVIDE LEARNING OPPORTUNITIES FOR CERTIFIED CROP ADVISORS, CROP PRODUCTION PROFESSIONALS...

TO REPORT AND PUBLISH THE FINDINGS OF ALL RESEARCH AND EDUCATION PROJECTS AT INDUSTRY CONFERENCES, AND PROVIDE LEARNING OPPORTUNITIES FOR CERTIFIED CROP ADVISORS, CROP PRODUCTION PROFESSIONALS, AGRICULTURE PRODUCERS AND OTHER INDIVIDUALS ASSOCIATED WITH AGRICULTURE AND AGRIBUSINESS.

Program 3

TO ENGAGE IN OUTREACH AND FIELD LEVEL TRIALS AND EDUCATIONAL PROGRAMS WITH GROWERS AND CONSUMERS, PUBLICIZE THESE EVENTS AND PROVIDE LEARNING OPPORTUNITIES FOR THE GENERAL POPULATION TO ENSURE THAT...

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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 $4,110,249

Investment Income $30,243

Other Revenue $84,683

TOTAL REVENUE $4,225,175

Expense Breakdown

Grants Paid $4,311,509

Salaries & Benefits $259,872

Fundraising Expenses $0

Other Expenses $157,702

TOTAL EXPENSES $4,729,083

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,225,175	$3,331,496	+0.3%
Expenses	$4,729,083	$4,374,633	+0.1%
Net Income	$-503,908	$-1,043,137	-0.5%

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

$218,828

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENT POLLARD	SECRETARY	0.50	Officer Director	$0	$0	$0
SCOTT LAGGER	VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
CHUCK CAWLEY	COUNCIL MEMBER	0.50	Director	$0	$0	$0
DON GUINNIP	CHAIRMAN	0.50	Officer Director	$0	$0	$0
JAKE VOSSENKEMPER	COUNCIL MEMBER	0.50	Director	$0	$0	$0
ERIC WINANS	COUNCIL MEMBER	0.50	Director	$0	$0	$0
ALLEN STENWALL	COUNCIL MEMBER	0.50	Director	$0	$0	$0
TIM LAATSCH	COUNCIL MEMBER	0.50	Director	$0	$0	$0
RONALDO MAGHIRANG	COUNCIL MEMBER	0.50	Director	$0	$0	$0
TREVOR SAMPLE	COUNCIL MEMBER	0.50	Director	$0	$0	$0
KATIE GARVEY	COUNCIL MEMBER	0.50	Director	$0	$0	$0
CHRISTINE FAVILLA	COUNCIL MEMBER	0.50	Director	$0	$0	$0
DAVID WESSEL	TREASURER	0.50	Officer Director	$0	$0	$0
JULIE HEWITT	EXECUTIVE DIRECTOR	40.00	Officer	$122,592	$0	$122,592
SHANI GOLOVAY	RESEARCH MANAGER	40.00	Officer	$96,236	$0	$96,236

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	$4,225,175	$4,729,083	$2,910,039	$-503,908
2023	$3,331,496	$4,374,633	$3,413,947	$-1,043,137
2022	$5,583,884	$4,165,691	$4,457,084	$1,418,193
2021	$3,506,512	$4,297,649	$3,038,891	$-791,137
2019	$3,025,935	$4,372,184	$4,046,039	$-1,346,249
2018	$4,088,522	$4,039,466	$5,387,813	$49,056

ILLINOIS NUTRIENT RESEARCH & EDUCATION COUNCIL