SOIL HEALTH INSTITUTE

EIN: 475349004 501(c)(3) Environment

MORRISVILLE, NC

Total Revenue
$5,791,661
Total Expenses
$7,706,050
Total Assets
$8,258,093
Net Assets
$7,379,020
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
TX
Principal Officer
C WAYNE HONEYCUTT
Phone
9192300303
Tax Period
2024-01-01 to 2024-12-31

SOIL HEALTH INSTITUTE, founded in 2015, is a community nonprofit in the Environment sector that reported $5.8M in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $7.7M exceeded revenue, resulting in a 33% operating deficit.

Mission

THE SOIL HEALTH INSTITUTE IS A GLOBAL NON-PROFIT WITH A MISSION OF SAFEGUARDING AND ENHANCING THE VITALITY AND PRODUCTIVITY OF SOILS THROUGH SCIENTIFIC RESEARCH AND ADVANCEMENT. THE INSTITUTE BRINGS TOGETHER LEADERS IN SOIL HEALTH SCIENCE AND THE INDUSTRY TO CONDUCT RESEARCH AND EMPOWER FARMERS AND OTHER LANDOWNERS WITH THE KNOWLEDGE TO SUCCESSFULLY ADOPT REGENERATIVE SOIL HEALTH SYSTEMS THAT CONTRIBUTE ECONOMIC AND ENVIRONMENTAL BENEFITS TO AGRICULTURE AND SOCIETY.

Program Service Accomplishments

Program 1
Expenses: $7,058,198

THE SOIL HEALTH INSTITUTE'S COMPREHENSIVE STRATEGY TO SAFEGUARD AND ENHANCE THE VITALITY AND PRODUCTIVITY OF SOIL EMPLOYS FOUR LEVERS OF CHANGE: BUSINESS CASE, MEASUREMENT, RESEARCH & DEVELOPMENT...

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THE SOIL HEALTH INSTITUTE'S COMPREHENSIVE STRATEGY TO SAFEGUARD AND ENHANCE THE VITALITY AND PRODUCTIVITY OF SOIL EMPLOYS FOUR LEVERS OF CHANGE: BUSINESS CASE, MEASUREMENT, RESEARCH & DEVELOPMENT, AND EDUCATION & OUTREACH. WE COLLABORATE WITH FARMERS AND RANCHERS, ADVISORS, GOVERNMENT OFFICIALS, AND INDUSTRY PROFESSIONALS TO ENABLE STANDARDIZED, SCIENTIFICALLY CREDIBLE SOIL HEALTH DECISION MAKING AT SCALE. IN THE BUSINESS CASE, SHI PUBLISHED RESEARCH ON MORE THAN 160 NORTH AMERICAN FARMS THAT DEMONSTRATES LONG-TERM ADOPTION OF SOIL HEALTH SYSTEMS REDUCES COSTS, INCREASES NET INCOME, AND MITIGATES RISKS ACROSS CLIMATES AND PRODUCTION SYSTEMS. IN MEASUREMENT, SHI RECOMMENDED 3 ESSENTIAL SOIL HEALTH INDICATORS AND ESTABLISHED HOW HEALTHY SOILS CAN BECOME ON MORE THAN 19 MILLION ACRES OF CROPLAND SO FARMERS, ADVISORS, AND INDUSTRY CAN SET SOIL HEALTH GOALS AND TRACK PROGRESS. IN RESEARCH AND DEVELOPMENT, SHI IS DEVELOPING TOOLS TO MORE ACCURATELY MODEL AND MEASURE IMPROVEMENTS IN SOIL HEALTH, LIKE WATER STORAGE AND AVAILABILITY, CARBON STORAGE, GREENHOUSE GAS EMISSIONS, NUTRIENT AVAILABILITY, AND EROSION. IN EDUCATION, SHI ESTABLISHED AND CONDUCTED SOIL HEALTH EDUCATION PROGRAMS FOR FARMERS AND THEIR ADVISORS ACROSS 35 U.S. STATES AND THREE CANADIAN PROVINCES TO PROVIDE THEM WITH TOOLS, RESOURCES, AND INFORMATION THEY NEED TO SUCCESSFULLY ADOPT PROFITABLE, RESILIENT, AND ENVIRONMENTALLY SOUND REGENERATIVE SOIL HEALTH SYSTEMS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,690,004
Program Service Revenue $0
Investment Income $85,856
Other Revenue $15,801
TOTAL REVENUE $5,791,661

Expense Breakdown

Grants Paid $178,766
Salaries & Benefits $5,289,962
Fundraising Expenses $126,656
Program Expenses $7,058,198
Other Expenses $2,237,322
TOTAL EXPENSES $7,706,050

Year-over-Year Comparison

2024 2023 Change
Revenue $5,791,661 $7,598,963 -0.2%
Expenses $7,706,050 $7,470,940 +0.0%
Net Income $-1,914,389 $128,023 -16.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
56
Volunteers
11

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
4
$733,992
Total Directors
13
$0
Key Employees
1
$298,595
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DIANA JERKINS BOARD CHAIR 2.00
Officer Director
$0 $0 $0
V LARKIN MARTIN DIRECTOR 1.00
Director
$0 $0 $0
DEVON LEAHY DIRECTOR 1.00
Director
$0 $0 $0
MARQUITRICE MANGHAM DIRECTOR 1.00
Director
$0 $0 $0
ROBERT MYERS DIRECTOR 1.00
Director
$0 $0 $0
LAKISHA ODOM DIRECTOR 1.00
Director
$0 $0 $0
MEGAN ROCK DIRECTOR 1.00
Director
$0 $0 $0
KAREN SCANLON DIRECTOR 1.00
Director
$0 $0 $0
RYAN SIROLLI DIRECTOR 1.00
Director
$0 $0 $0
ANDREW SMITH DIRECTOR 1.00
Director
$0 $0 $0
JASON WELLER DIRECTOR 1.00
Director
$0 $0 $0
JAMES BAXTER DIRECTOR (THRU 12/24) 1.00
Director
$0 $0 $0
MEREDITH ELLIS DIRECTOR (THRU 12/24) 1.00
Director
$0 $0 $0
CHARLES WAYNE HONEYCUTT PRESIDENT/CEO 40.00
Officer
$361,959 $20,700 $382,659
STACY CARSON CHIEF OPERATING OFFICER 40.00
Officer
$182,419 $48,825 $231,244
BYRON RATH CHIEF IMPACT OFFICER 40.00
Officer
$104,226 $15,863 $120,089
CHRISTINE MORGAN CHIEF SCIENTIFIC OFFICER 40.00
Key Emp
$281,641 $16,954 $298,595
WILLIAM FLANDERS ECONOMIST 40.00
Highest
$125,900 $20,009 $145,909
EMILY BRUNER CHIEF OF STAFF 40.00
Highest
$120,775 $33,392 $154,167
ELIZABETH RIEKE PROGRAM DIRECTOR 40.00
Highest
$119,217 $7,153 $126,370
DIANNA BAGNALL PROGRAM DIRECTOR 40.00
Highest
$116,852 $18,113 $134,965
JASON ACKERSON PROGRAM DIRECTOR 40.00
Highest
$113,893 $6,834 $120,727
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 $5,791,661 $7,706,050 $8,258,093 $-1,914,389
2023 $7,598,963 $7,470,940 $10,529,560 $128,023
2022 $5,762,502 $5,247,640 $10,552,386 $514,862
2021 $15,101,825 $9,125,859 $10,639,315 $5,975,966
2020 $10,654,091 $8,252,102 $7,243,096 $2,401,989
2019 $9,971,819 $8,869,092 $5,282,205 $1,102,727
2018 $5,307,102 $4,209,939 $3,184,004 $1,097,163
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