Indiana Agricultural Law Foundation Inc (EIN 510489857) - 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

2004

Legal Domicile

Principal Officer

Mark Thornburg

Phone

3176927851

Tax Period

2025-01-01 to 2025-12-31

Indiana Agricultural Law Foundation Inc, founded in 2004, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $245K in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $69K, a strong 28% operating margin.

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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 (2025)

Revenue Breakdown

Contributions & Grants $185,783

Program Service Revenue $500

Investment Income $59,111

Other Revenue $0

TOTAL REVENUE $245,394

Expense Breakdown

Grants Paid $800

Salaries & Benefits $158,159

Fundraising Expenses $49,855

Program Expenses $96,470

Other Expenses $17,492

TOTAL EXPENSES $176,451

Year-over-Year Comparison

	2025	2024	Change
Revenue	$245,394	$224,256	+0.1%
Expenses	$176,451	$174,550	+0.0%
Net Income	$68,943	$49,706	+0.4%

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

N/A

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

$1,686,805

Total Directors

$463,862

Key Employees

$112,278

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Sigler resigned effective 12-1	Treasurer	000.20	Officer	$0	$89,794	$438,145
Megan Ritter effective 12-15-2025	Treasurer	000.20	Officer	$0	$42,174	$266,957
Mark Thornburg	Secretary	005.00	Officer	$0	$67,891	$244,436
Randall Kron	President	000.30	Officer Director	$0	$57,953	$223,702
Elaine Rueff	Assistant Treasurer	001.00	Officer	$0	$44,938	$181,736
John Shoup	Exec Director	036.00	Highest	$96,088	$37,829	$146,160
Robin Heldman	Assistant Secretary	000.25	Officer	$0	$41,905	$137,647
Maria Spellman	Assistant Secretary	003.00	Officer Key Emp	$12,856	$34,144	$112,278
Kendell Culp	Vice President	000.20	Officer Director	$0	$7,984	$81,904
Janis Highley	Director	000.20	Director	$0	$0	$23,976
Terry Hayhurst	Director	000.50	Director	$0	$0	$13,920
Kevin Ousley resigned effective 12-	Director	000.20	Director	$0	$0	$13,850
Matthew Hayden	Director	000.50	Director	$0	$0	$13,560
Mark Seib	Director	000.20	Director	$0	$0	$13,200
Robert Geswein	Director	000.20	Director	$0	$0	$13,200
Bruce Guernsey	Director	000.20	Director	$0	$0	$13,200
Bruce Herr	Director	000.50	Director	$0	$0	$13,200
Kermit Paris	Director	000.50	Director	$0	$0	$13,200
Jon Sparks	Director	000.20	Director	$0	$0	$13,200
Corina Brant	Director	000.20	Director	$0	$0	$13,200
Thomas Miller effective 12-13-2025	Director	000.20	Director	$0	$0	$550

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
2025	$245,394	$176,451	$1,646,371	$68,943
2024	No data	No data	No data	No data
2023	$264,055	$161,966	$1,532,722	$102,089
2022	$185,778	$147,501	$1,425,633	$38,277
2021	$147,960	$151,618	$1,387,356	$-3,658
2020	$188,941	$120,410	$1,391,952	$68,531
2019	$191,836	$147,155	$1,322,483	$44,681
2018	$185,479	$162,637	$1,277,802	$22,842

Indiana Agricultural Law Foundation Inc