Midsouth Grain Inspection Services (EIN 620291672) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1905

Legal Domicile

Principal Officer

James Rossetti

Phone

9019423216

Tax Period

2024-01-01 to 2024-12-31

Midsouth Grain Inspection Services, founded in 1905, is a community nonprofit that reported $4.4M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE INSPECTION SERVICES FOR THE GRAIN COMMODITY MARKET IN THE MIDSOUTH REGION PURSUANT TO ITS DESIGNATION FROM THE UNITED STATES DEPARTMENT OF AGRICULTURE

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,183,175

Investment Income $190,068

Other Revenue $9,000

TOTAL REVENUE $4,382,243

Expense Breakdown

Grants Paid $59,509

Salaries & Benefits $3,145,079

Fundraising Expenses $0

Program Expenses $3,450,875

Other Expenses $1,364,001

TOTAL EXPENSES $4,568,589

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,382,243	$4,003,319	+0.1%
Expenses	$4,568,589	$4,704,370	0.0%
Net Income	$-186,346	$-701,051	-0.7%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$602,383

Total Directors

$407,786

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Cupples	Vice President	50.00	Officer	$176,400	$16,250	$192,650
James Rossetti	CFO	40.00	Officer	$165,000	$16,186	$181,186
Ricky Hickman	COO	50.00	Officer	$90,574	$3,973	$94,547
Ken Arnold	Director	1.00	Director	$72,786	$0	$72,786
Lindsay Reid	Vice President	1.00	Director	$67,000	$0	$67,000
David Colby	Director	1.00	Officer Director	$67,000	$0	$67,000
Owen Reid	President	1.00	Officer Director	$67,000	$0	$67,000
Dian Berryman Mcquire	Director	1.00	Director	$67,000	$0	$67,000
Seldon Murray	Director	1.00	Director	$67,000	$0	$67,000

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	$4,382,243	$4,568,589	$2,685,425	$-186,346
2023	$4,003,319	$4,704,370	$3,020,157	$-701,051
2022	$4,138,755	$4,553,000	$3,614,327	$-414,245
2021	$4,324,321	$4,028,456	$5,083,441	$295,865
2020	$2,665,573	$3,415,551	$5,209,360	$-749,978
2019	$3,028,763	$3,564,429	$5,268,456	$-535,666
2018	$2,932,691	$3,344,691	$5,135,231	$-412,000

Midsouth Grain Inspection Services