CORN GROWERS ASSOCIATION OF NORTH CAROLI (EIN 561220727) - 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

1977

Legal Domicile

Principal Officer

FRED TATE

Phone

9108629030

Tax Period

2024-08-01 to 2025-07-31

CORN GROWERS ASSOCIATION OF NORTH CAROLI, founded in 1977, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $1.9M exceeded revenue, resulting in a 27% operating deficit.

Mission

RESEARCH & DEVELOPMENT OF 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,460,774

Investment Income $51,241

Other Revenue $0

TOTAL REVENUE $1,512,015

Expense Breakdown

Grants Paid $1,625,268

Salaries & Benefits $112,764

Fundraising Expenses $0

Program Expenses $1,875,088

Other Expenses $180,493

TOTAL EXPENSES $1,918,525

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,512,015	$1,686,746	-0.1%
Expenses	$1,918,525	$1,501,970	+0.3%
Net Income	$-406,510	$184,776	-3.2%

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

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

$20,000

Total Directors

$20,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN PICKLER	PRESIDENT	4.00	Officer Director	$0	$0	$0
ALEX JORDAN	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
ROY GORENA	SECRETARY	4.00	Officer Director	$0	$0	$0
FRED TATE	TREASURER	8.00	Officer Director	$0	$0	$20,000
DARREN ARMSTRONG	DIRECTOR	2.00	Director	$0	$0	$0
BRENT BARNES	DIRECTOR	2.00	Director	$0	$0	$0
GARRETT BOYD	DIRECTOR	2.00	Director	$0	$0	$0
JOSH BROWN	DIRECTOR	2.00	Director	$0	$0	$0
WADE BYRD	DIRECTOR	2.00	Director	$0	$0	$0
HARDY DIXON	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS JONES	DIRECTOR	2.00	Director	$0	$0	$0
CRAIG BUDDY KING JR	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT KNIGHT	DIRECTOR	2.00	Director	$0	$0	$0
FRANKLIN LEE	DIRECTOR	2.00	Director	$0	$0	$0
DONOVAN LOCKLEAR	DIRECTOR	2.00	Director	$0	$0	$0
TALMADGE MATHIS	DIRECTOR	2.00	Director	$0	$0	$0
RICK MORGAN	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL PATRAM	DIRECTOR	2.00	Director	$0	$0	$0
MAURICE SMITHERMAN	DIRECTOR	2.00	Director	$0	$0	$0
JEFF SPARKS	DIRECTOR	2.00	Director	$0	$0	$0
JAY SULLIVAN	DIRECTOR	2.00	Director	$0	$0	$0
DENNIS WALLER	DIRECTOR	2.00	Director	$0	$0	$0
ED WHEELER	DIRECTOR	2.00	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	$1,512,015	$1,918,525	$2,105,627	$-406,510
2024	$1,686,746	$1,501,970	$2,515,371	$184,776
2023	$1,200,839	$1,553,022	$2,328,785	$-352,183
2022	$1,670,852	$1,021,675	$2,684,449	$649,177
2021	$1,512,446	$1,021,936	$2,034,360	$490,510
2020	$1,135,813	$1,112,925	$1,536,155	$22,888

CORN GROWERS ASSOCIATION OF NORTH CAROLI