KENTUCKY SOYBEAN PROMOTION BOARD INC (EIN 611400681) - 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

1974

Legal Domicile

Principal Officer

DEBBIE ELLIS

Phone

2703657214

Tax Period

2023-07-01 to 2024-06-30

KENTUCKY SOYBEAN PROMOTION BOARD INC, founded in 1974, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $3.5M in total revenue in fiscal year 2023. The organization ran a surplus of $753K, a strong 22% operating margin.

Mission

TO PROMOTE AND STIMULATE THE INCREASED USE AND SALE OF SOYBEANS AND SOYBEAN 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 $3,221,487

Investment Income $213,932

Other Revenue $35,290

TOTAL REVENUE $3,470,709

Expense Breakdown

Grants Paid $0

Salaries & Benefits $95,635

Fundraising Expenses $0

Program Expenses $2,382,304

Other Expenses $2,622,386

TOTAL EXPENSES $2,718,021

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,470,709	$3,598,908	0.0%
Expenses	$2,718,021	$2,237,497	+0.2%
Net Income	$752,688	$1,361,411	-0.4%

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

$142,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBBIE ELLIS	EXECUTIVE DI	40.00	Officer	$142,800	$0	$142,800
BARRY ALEXANDER	DIRECTOR	0.00	Director	$0	$0	$0
RYAN BIVENS	DIRECTOR	0.00	Director	$0	$0	$0
BRENT GATTON	DIRECTOR	0.00	Director	$0	$0	$0
ADAM HENDRICKS	DIRECTOR	0.00	Director	$0	$0	$0
GLENN HOWELL	DIRECTOR	0.00	Director	$0	$0	$0
JEFF KING	DIRECTOR	0.00	Director	$0	$0	$0
ALLEN PACE	DIRECTOR	0.00	Director	$0	$0	$0
CALEB RAGLAND	DIRECTOR	0.00	Director	$0	$0	$0
JONATHAN REYNOLDS	DIRECTOR	0.00	Director	$0	$0	$0
FRED L SIPES	DIRECTOR	0.00	Director	$0	$0	$0
LARRY THOMAS	DIRECTOR	0.00	Director	$0	$0	$0
CLAY WELLS	DIRECTOR	0.00	Director	$0	$0	$0
ANDREA WILLIFORD	DIRECTOR	0.00	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	$3,470,709	$2,718,021	$8,990,460	$752,688
2023	$3,598,908	$2,237,497	$8,228,680	$1,361,411
2022	$3,257,461	$2,104,496	$6,980,782	$1,152,965
2021	$2,736,101	$1,659,958	$5,827,817	$1,076,143
2020	$1,747,070	$2,123,368	$4,751,674	$-376,298
2019	$2,096,180	$2,193,405	$5,127,972	$-97,225

KENTUCKY SOYBEAN PROMOTION BOARD INC