CORN REFINERS ASSOCIATION INC (EIN 520230814) - 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

1982

Legal Domicile

Principal Officer

JOHN W BODE

Phone

2023311634

Tax Period

2023-01-01 to 2023-12-31

CORN REFINERS ASSOCIATION INC, founded in 1982, is a community nonprofit that reported $7.6M in total revenue in fiscal year 2023.

Mission

TO PROVIDE EDUCATIONAL MATERIAL AND RESOURCES ON CORN AND CORN PRODUCTS.

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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 $7,575,526

Investment Income $65,132

Other Revenue $0

TOTAL REVENUE $7,640,658

Expense Breakdown

Grants Paid $142,500

Salaries & Benefits $2,683,271

Fundraising Expenses $0

Other Expenses $4,978,607

TOTAL EXPENSES $7,804,378

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,640,658	$7,707,781	0.0%
Expenses	$7,804,378	$7,183,865	+0.1%
Net Income	$-163,720	$523,916	-1.3%

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

$941,848

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN BODE	PRESIDENT & CEO	40.00	Officer	$873,369	$68,479	$941,848
ROBIN BOWEN	SENIOR VICE PRESIDENT	40.00	Highest	$270,428	$70,454	$340,882
JESSICA BOWMAN	VICE PRESIDENT, ADVANCED BIOPRODUCTS	40.00	Highest	$246,497	$39,491	$285,988
ALLISON COOKE	VICE PRESIDENT, FOOD POLICY	40.00	Highest	$200,610	$54,873	$255,483
MICHAEL ANDERSON	VICE PRESIDENT, TRADE & INDUSTRY	40.00	Highest	$168,532	$27,066	$195,598
KENIECE BARBEE	CHIEF OF STAFF	40.00	Highest	$140,321	$40,665	$180,986
ROB RITCHIE	CHAIRMAN	5.00	Officer Director	$0	$0	$0
JIMMY KENT	VICE CHAIRMAN (INCOMING 2023)	5.00	Officer Director	$0	$0	$0
DAVID RESAC	TREASURER	5.00	Officer Director	$0	$0	$0
CHRISTOPHER M CUDDY	BOARD MEMBER	3.00	Director	$0	$0	$0
TRAVIS ELLIOTT	BOARD MEMBER (INCOMING 2023)	3.00	Director	$0	$0	$0
MINDAUGAS GEDVILAS	BOARD MEMBER	3.00	Director	$0	$0	$0
RICHARD GRIZZO	BOARD MEMBER	3.00	Director	$0	$0	$0
LEOPOLDO HORLE	BOARD MEMBER (INCOMING 2023)	3.00	Director	$0	$0	$0
DANA JOHNSON	BOARD MEMBER	3.00	Director	$0	$0	$0
JORGEN KOKKE	BOARD MEMBER (OUTGOING 2023)	3.00	Director	$0	$0	$0
KRIS LUTT	BOARD MEMBER	3.00	Director	$0	$0	$0
WILLIAM MAGEE	BOARD MEMBER (INCOMING 2023)	3.00	Director	$0	$0	$0
BRIAN PETERS	BOARD MEMBER (INCOMING 2023)	3.00	Director	$0	$0	$0
JIM STUTELBERG	BOARD MEMBER	3.00	Director	$0	$0	$0
MIKE J WAGNER	BOARD MEMBER	3.00	Director	$0	$0	$0
RON ZITZOW	BOARD MEMBER (OUTGOING 2023)	3.00	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	No data	No data	No data	No data
2023	$7,640,658	$7,804,378	$11,180,297	$-163,720
2022	$7,707,781	$7,183,865	$11,409,439	$523,916
2021	$7,705,832	$7,247,048	$10,439,497	$458,784
2020	$5,935,176	$8,812,235	$8,996,109	$-2,877,059
2019	$8,320,966	$7,116,335	$10,889,368	$1,204,631
2018	$8,539,276	$7,519,262	$9,921,124	$1,020,014

CORN REFINERS ASSOCIATION INC