SOIL HEALTH INSTITUTE (EIN 475349004) - Form 990 Financial Analysis & Trantor Score

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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

2015

Legal Domicile

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

SAFEGUARD & ENHANCE THE VITALITY & PRODUCTIVITY OF SOIL THROUGH SCIENTIFIC RESEARCH & ADVANCEMENT.

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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 (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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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

$733,992

Total Directors

Key Employees

$298,595

Highest Compensated

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

SOIL HEALTH INSTITUTE