NATIONAL GRAIN AND FEED ASSOCIATION

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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

1956

Legal Domicile

Principal Officer

MAX FISHER

Phone

2022890873

Tax Period

2024-04-01 to 2025-03-31

NATIONAL GRAIN AND FEED ASSOCIATION, founded in 1956, is a community nonprofit that reported $9.1M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.6M, a strong 28% operating margin.

Mission

TO ADVOCATE A GLOBAL OPEN MARKET ENVIRONMENT TO EFFICIENTLY PRODUCE AND PROVIDE A SAFE, ABUNDANT, AFFORDABLE, SUSTAINABLE AND WHOLESOME SUPPLY OF GRAIN, OILSEEDS, FEED AND RELATED PRODUCTS RESPONSIVE TO MARKET DEMAND. THE NGFA FOCUSES ON MEMBER INTERESTS THROUGH REPRESENTATION, TRAINING, COMMUNICATION AND EDUCATION TO MEMBERS, GOVERNMENT AND THE PUBLIC.

Program Service Accomplishments

Program 1

THE NATIONAL GRAIN AND FEED ASSOCIATION PROVIDES EXPERTISE AND PRACTICAL EXPERIENCE IN FORMULATING POSITIONS AND TRAINING ON ISSUES CONFRONTING THE INDUSTRY, THE DIVERSITY OF INDIVIDUALS, AND THEIR RESPECTIVE BUSINESSES THAT COMPRISE THE COMMITTEES, ENSURES THAT THE POLICIES DEVELOPED ARE REPRESENTATIVE OF THE OVERALL MEMBERSHIP AND BENEFIT A BROAD CROSS SECTION OF THE INDUSTRY.

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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 $8,564,506

Investment Income $543,061

Other Revenue $9,918

TOTAL REVENUE $9,117,485

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,205,964

Fundraising Expenses $0

Other Expenses $3,360,106

TOTAL EXPENSES $6,566,070

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,117,485	$7,984,955	+0.1%
Expenses	$6,566,070	$6,481,543	+0.0%
Net Income	$2,551,415	$1,503,412	+0.7%

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

300

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

$1,179,847

Total Directors

Key Employees

$891,315

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL SEYFERT	PRESIDENT AND CEO	39.00	Officer	$473,072	$53,742	$526,814
CHARLES DELACRUZ	GENERAL COUNSEL & SECRETARY	40.00	Officer	$331,730	$42,593	$374,323
DAVID FAIRFIELD SENIOR	VP, FEED, UNTIL DEC. 2024	40.00	Key Emp	$287,246	$68,506	$355,752
JESS MCCLUER VP OF SAFETY	AND REGULATORY AFFAIRS	40.00	Key Emp	$263,458	$27,610	$291,068
MAX FISHER	TREASURER AND CHIEF ECONOMIST	40.00	Officer	$231,973	$46,737	$278,710
REBECCA GRUBBS	VP, MARKETING AND MEMBER SERVICES	40.00	Key Emp	$204,838	$39,657	$244,495
STEPHANIE SEE	VP, LEGISL. UNTIL FEB. 2025	40.00	Highest	$222,205	$22,186	$244,391
MARY HITCHCOCK	VP, SYSTEMS AND OFFICE OPERATIONS	40.00	Highest	$183,843	$22,684	$206,527
SARAH GONZALEZ COMMUNICATIONS	AND DIGITAL MEDIA UNTIL OCT. 2024	40.00	Highest	$127,210	$15,822	$143,032
CHRIS BOERM	CHAIR	1.00	Officer Director	$0	$0	$0
BRIAN SCHOUVIELLER	1ST VICE CHAIR	1.00	Officer Director	$0	$0	$0
AUGUSTO BASSANINI	2ND VICE CHAIR	1.00	Officer Director	$0	$0	$0
GREGORY BECK	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
JOANN BROUILLETTE	DIRECTOR	1.00	Director	$0	$0	$0
ERIC WILKEY	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK KUNISCH	DIRECTOR	1.00	Director	$0	$0	$0
JEFF BECHARD	DIRECTOR	1.00	Director	$0	$0	$0
MITCH ALTERMATT	DIRECTOR	1.00	Director	$0	$0	$0
JIM DELL	DIRECTOR	1.00	Director	$0	$0	$0
JAMES BURGUM	DIRECTOR	1.00	Director	$0	$0	$0
MATT GIBSON	DIRECTOR	1.00	Director	$0	$0	$0
KAYLA BURKHART	DIRECTOR	1.00	Director	$0	$0	$0
JOE KAPRAUN	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT KELLER	DIRECTOR	1.00	Director	$0	$0	$0
ALAN KOENIG	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM DELONG	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT DOCHERTY	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER FAUST	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN LAFERRIER	DIRECTOR	1.00	Director	$0	$0	$0
TOM FERNANDES	DIRECTOR	1.00	Director	$0	$0	$0
JOHN FLETCHER	DIRECTOR	1.00	Director	$0	$0	$0
MATT FREDERKING	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT GEERS	DIRECTOR	1.00	Director	$0	$0	$0
RONALD SEEBER	DIRECTOR	1.00	Director	$0	$0	$0
CURT STRUBHAR	DIRECTOR	1.00	Director	$0	$0	$0
DAN SUAREZ	DIRECTOR	1.00	Director	$0	$0	$0
JEFF VAN PEVENGE	DIRECTOR	1.00	Director	$0	$0	$0
LLOYD HEIMBECKER	DIRECTOR	1.00	Director	$0	$0	$0
JEFFERSON HILLMAN	DIRECTOR	1.00	Director	$0	$0	$0
ROGER HUGENBERG	DIRECTOR	1.00	Director	$0	$0	$0
ERIK HUSCHITT	DIRECTOR	1.00	Director	$0	$0	$0
COREY JORGENSON	DIRECTOR	1.00	Director	$0	$0	$0
PAUL KATOVICH	DIRECTOR	1.00	Director	$0	$0	$0
JASON KLOOTWYK	DIRECTOR	1.00	Director	$0	$0	$0
BILL KRUEGER	DIRECTOR	1.00	Director	$0	$0	$0
TERRY BLINE	DIRECTOR	1.00	Director	$0	$0	$0
STUART LETCHER	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE MAPES	DIRECTOR	1.00	Director	$0	$0	$0
DIAN MCGUIRE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MILLER	DIRECTOR	1.00	Director	$0	$0	$0
SCOT ORTMAN	DIRECTOR	1.00	Director	$0	$0	$0
SHAY RAMBUR	DIRECTOR	1.00	Director	$0	$0	$0
KYLE SHERMOCK	DIRECTOR	1.00	Director	$0	$0	$0
TIM SIMMONS	DIRECTOR	1.00	Director	$0	$0	$0
BENJAMIN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MIKE TATE	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY WILSON	DIRECTOR	1.00	Director	$0	$0	$0
ALLEN DOUGLASS	DIRECTOR	1.00	Director	$0	$0	$0
BILL FREE	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY HAWKS	DIRECTOR	1.00	Director	$0	$0	$0
MARK HEIL	DIRECTOR	1.00	Director	$0	$0	$0
BEAU HEPLER	DIRECTOR	1.00	Director	$0	$0	$0
KELLIE MELTON	DIRECTOR	1.00	Director	$0	$0	$0
BRAD MORRISON	DIRECTOR	1.00	Director	$0	$0	$0
DAN MOSTAD	DIRECTOR	1.00	Director	$0	$0	$0
RANDAL OLSTAD	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW UTTERBACK	DIRECTOR	1.00	Director	$0	$0	$0
TOM WAPP	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW FULLERTON	DIRECTOR	1.00	Director	$0	$0	$0
EDMUND HALL	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN KUBIK	DIRECTOR	1.00	Director	$0	$0	$0
AARON MEYERLE	DIRECTOR	1.00	Director	$0	$0	$0
WILL WEATHERS	DIRECTOR	1.00	Director	$0	$0	$0
GARY BEACHNER	DIRECTOR AS OF MAR. 2025	1.00	Director	$0	$0	$0
WYATT BRUMMER	DIRECTOR UNTIL MAR. 2025	1.00	Director	$0	$0	$0
GARY GANTZ	DIRECTOR UNTIL FEB. 2025	1.00	Director	$0	$0	$0
KEVIN GRAY	DIRECTOR UNTIL MAR. 2025	1.00	Director	$0	$0	$0
SHERYL WALLACE	DIRECTOR UNTIL JUN. 2024	1.00	Director	$0	$0	$0
PATRICK COYLE	DIRECTOR UNTIL AUG. 2024	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	$9,117,485	$6,566,070	$20,863,208	$2,551,415
2024	$7,984,955	$6,481,543	$19,078,324	$1,503,412
2023	$7,365,411	$4,662,512	$12,789,093	$2,702,899
2023	$2,817,703	$1,920,767	$14,415,956	$896,936
2022	$5,604,417	$5,650,364	$10,815,590	$-45,947
2021	$4,061,139	$4,425,870	$15,649,412	$-364,731
2020	$4,651,911	$4,705,423	$10,318,325	$-53,512
2019	$4,822,286	$4,645,720	$9,423,253	$176,566