NORTH CAROLINA SOYBEAN PRODUCERS ASSOCIATION INC (EIN 560887931) - 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

1966

Legal Domicile

Principal Officer

CHARLES HALL

Phone

9198395700

Tax Period

2024-09-01 to 2025-08-31

NORTH CAROLINA SOYBEAN PRODUCERS ASSOCIATION INC, founded in 1966, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Net assets of $5.5M represent 36 months of operating reserves.

Mission

PROMOTION OF SOYBEANS THROUGH EDUCATION, RESEARCH, AND DEVELOPMENT

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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 $1,722,127

Investment Income $65,161

Other Revenue $39,001

TOTAL REVENUE $1,826,289

Expense Breakdown

Grants Paid $823,972

Salaries & Benefits $503,833

Fundraising Expenses $0

Other Expenses $633,910

TOTAL EXPENSES $1,961,715

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,826,289	$2,015,487	-0.1%
Expenses	$1,961,715	$2,053,244	0.0%
Net Income	$-135,426	$-37,757	+2.6%

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

N/A

Employees

Volunteers

N/A

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

$176,550

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MCPHERSON	SOYPAC CHAIR	0.00	Director	$0	$0	$0
REGINALD STRICKLAND	USB DIRECTOR	0.00	Director	$0	$0	$0
COLLIN SMITHSON	DIRECTOR	0.00	Director	$0	$0	$0
DEREK POTTER	USB DIRECTOR	0.00	Director	$0	$0	$0
JIMMY THOMAS	ASA DIRECTOR	0.00	Director	$0	$0	$0
TOM PORTER	DIRECTOR	0.00	Director	$0	$0	$0
REID GELDERMAN	DIRECTOR	0.00	Director	$0	$0	$0
PHIL GORE	DIRECTOR	0.00	Director	$0	$0	$0
FORREST HOWELL	EXECUTIVE COMMITTEE	0.00	Director	$0	$0	$0
BEN LONG	DIRECTOR	0.00	Director	$0	$0	$0
DUNCAN MALLOY	DIRECTOR	0.00	Director	$0	$0	$0
WADE STANALAND	DIRECTOR	0.00	Director	$0	$0	$0
LOGAN WATSON	EXECUTIVE COMMITTEE	0.00	Director	$0	$0	$0
KEITH MILLS	DIRECTOR	0.00	Director	$0	$0	$0
JARMAN SULLIVAN	DIRECTOR	0.00	Director	$0	$0	$0
GRAYSON WELLS	DIRECTOR	0.00	Director	$0	$0	$0
NATHAN BENNETT	DIRECTOR	0.00	Director	$0	$0	$0
COLIN BRICKHOUSE	DIRECTOR	0.00	Director	$0	$0	$0
ADRIAN LOCKLEAR	EXECUTIVE COMMITTEE	0.00	Director	$0	$0	$0
BETH TAYLOR	DIRECTOR	0.00	Director	$0	$0	$0
THAD SHARP	DIRECTOR	0.00	Director	$0	$0	$0
BRANDON BATTEN	DIRECTOR	0.00	Director	$0	$0	$0
COLLINS BULLARD	DIRECTOR	0.00	Director	$0	$0	$0
KEITH CALDWELL	EXECUTIVE COMMITTEE	0.00	Director	$0	$0	$0
ANDY CORRIHER	DIRECTOR	0.00	Director	$0	$0	$0
JASON FARMER	DIRECTOR	0.00	Director	$0	$0	$0
JOHN FLEMING	ASA DIRECTOR	0.00	Director	$0	$0	$0
JAMIE CARRICK	DIRECTOR	0.00	Director	$0	$0	$0
TERRY HOFFNER	DIRECTOR	0.00	Director	$0	$0	$0
COLE PHILLIPS	DIRECTOR	0.00	Director	$0	$0	$0
DERRICK AUSTIN	DIRECTOR	0.00	Director	$0	$0	$0
DALE DAWSON	DIRECTOR	0.00	Director	$0	$0	$0
BILL JORDAN	DIRECTOR	0.00	Director	$0	$0	$0
JUSTIN STURDIVANT	DIRECTOR	0.00	Director	$0	$0	$0
GARY HENDRIX	PRESIDENT	0.00	Officer	$0	$0	$0
DAVID HEATH	TREASURER	0.00	Officer	$0	$0	$0
PHILIP SLOOP	VICE PRESIDENT	0.00	Officer	$0	$0	$0
TREY LIVERMAN	SECRETARY	0.00	Officer	$0	$0	$0
CHARLES HALL	CHIEF EXECUTIVE OFFICER	40.00	Officer	$165,000	$11,550	$176,550

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	$1,826,289	$1,961,715	$5,469,263	$-135,426
2024	$2,015,487	$2,053,244	$5,625,608	$-37,757
2023	$2,484,273	$1,989,637	$5,647,508	$494,636
2022	$2,482,483	$1,311,944	$5,156,831	$1,170,539
2021	$1,780,194	$1,634,932	$3,988,166	$145,262

NORTH CAROLINA SOYBEAN PRODUCERS ASSOCIATION INC