MARYLAND GRAIN PRODUCERS UTILIZATI… - 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

1991

Legal Domicile

Principal Officer

JOHN BRUNING

Phone

4432628491

Tax Period

2024-10-01 to 2025-09-30

MARYLAND GRAIN PRODUCERS UTILIZATION BOARD INC, founded in 1991, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 23% operating deficit.

Mission

THE MARYLAND GRAIN PRODUCERS UTILIZATION BOARD WAS ESTABLISHED IN 1991. IT'S MISSION IS TO INCREASE THE PROFITABILITY OF MARYLAND GRAIN PRODUCTION AND TO IMPROVE PUBLIC UNDERSTANDING OF AGRICULTURE USING CHECKOFF INVESTMENTS TO SUPPORT PROMOTION, EDUCATION, AND RESEARCH RESULTING IN GREATER UTILIZATION OF GRAIN.

Program Service Accomplishments

Program 1

MARYLAND GRAIN PRODUCERS UTILIZATION BOARD, INC. (MGPUB) PROVIDES GRANTS TO CONDUCT RESEARCH, MARKET DEVELOPMENT, AND EDUCATION TO EXPAND THE UTILIZATION AND PROFITABILITY OF GRAIN PRODUCTION. MGPUB USES GRANT FUNDS TO EXPAND THE USE OF ETHANOL. MGPUB CONDUCTS ITS PROGRAMS AND PUBLIC RELATIONS ACTIVITIES TO EXPAND THE USE OF GRAINS. MGPUB IS REQUIRED TO RETURN CHECKOFF FUNDS COLLECTED TO ANY GRAIN PRODUCERS WHO REQUEST A REFUND. A GRAIN PRODUCER MAY REQUEST TO HAVE THEIR CHECKOFF FUNDS ALLOCATED TO THE MARYLAND GRAIN PRODUCERS ASSOCIATION FOR MEMBERSHIP IN THAT ASSOCIATION (50 FOR ONE YEAR OR 125 FOR THREE YEARS), SO THEY CAN RECEIVE EDUCATIONAL UPDATES ON THE CHECKOFF PROGRAM.

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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 $0

Program Service Revenue $1,002,950

Investment Income $26,844

Other Revenue $1,153

TOTAL REVENUE $1,030,947

Expense Breakdown

Grants Paid $1,104,022

Salaries & Benefits $80,451

Fundraising Expenses $0

Other Expenses $84,505

TOTAL EXPENSES $1,268,978

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,030,947	$1,442,550	-0.3%
Expenses	$1,268,978	$1,363,864	-0.1%
Net Income	$-238,031	$78,686	-4.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDSAY THOMPSON	EXECUTIVE DI	15.00	Officer	$0	$0	$0
STEVE ERNST	PRESIDENT	1.00	Officer Director	$0	$0	$0
MATTHEW MORRIS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MELVIN BAILE JR	TREASURER	1.00	Officer Director	$0	$0	$0
ALLEN DAVIS	SECRETARY	1.00	Director	$0	$0	$0
CHARLIE COX	DIRECTOR	1.00		$0	$0	$0
JOHN BRUNING	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
CHIP BOWLING	DIRECTOR	1.00	Director	$0	$0	$0
APRIL CHEESMAN	DIRECTOR	1.00	Director	$0	$0	$0
ROB DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
MIKE HARRISON JR	DIRECTOR	1.00	Director	$0	$0	$0
TRAVIS HUTCHISON	DIRECTOR	1.00	Director	$0	$0	$0
EVAN MILES JR	DIRECTOR	1.00	Director	$0	$0	$0
MARK POWELL	DIRECTOR	1.00	Director	$0	$0	$0
DALE ROE JR	DIRECTOR	1.00	Director	$0	$0	$0
JENNIE SCHMIDT	DIRECTOR	1.00	Director	$0	$0	$0
JASON SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
ERIC SPATES	DIRECTOR	1.00	Director	$0	$0	$0
JACK BONIFACE	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE FIORELINO	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN BRENDEL	DIRECTOR	1.00	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
2025	$1,030,947	$1,268,978	$1,818,736	$-238,031
2024	$1,442,550	$1,363,864	$2,060,517	$78,686
2023	$1,749,094	$1,308,895	$1,981,831	$440,199
2022	$1,596,282	$1,160,183	$1,541,632	$436,099
2021	$1,201,661	$994,731	$1,105,533	$206,930
2020	$1,080,116	$921,934	$898,603	$158,182
2019	$969,946	$932,030	$740,421	$37,916
2018	$1,051,653	$987,730	$702,505	$63,923

MARYLAND GRAIN PRODUCERS UTILIZATION BOARD INC