Tennessee Soybean Festival Inc

EIN: 621550830 501(c)(3)

Martin, TN

Total Revenue
$433,051
Total Expenses
$476,527
Total Assets
$11,463
Net Assets
$11,463
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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
1993
Legal Domicile
TN
Principal Officer
Kelly Wilson
Phone
7315873126
Tax Period
2024-11-01 to 2025-10-31

Tennessee Soybean Festival Inc, founded in 1993, is a small nonprofit that reported $433K in total revenue in fiscal year 2024. Expenses of $477K exceeded revenue, resulting in a 10% operating deficit.

Mission

The primary purpose of the organization is to plan, organize and run the TN Soybean Festival.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $307,895
Program Service Revenue $125,156
Investment Income $0
Other Revenue $0
TOTAL REVENUE $433,051

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $476,527
Other Expenses $476,527
TOTAL EXPENSES $476,527

Year-over-Year Comparison

2024 2023 Change
Revenue $433,051 $424,491 +0.0%
Expenses $476,527 $395,152 +0.2%
Net Income $-43,476 $29,339 -2.5%
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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
50

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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Belote President 1.00
Officer Director
$0 $0 $0
Kelly Wilson Board Member 1.00
Officer 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 $433,051 $476,527 $11,463 $-43,476
2024 $424,491 $395,152 $54,939 $29,339
2023 $872,122 $902,147 $25,892 $-30,025
2022 $501,426 $482,252 $53,565 $19,174
2021 $514,532 $500,098 $34,391 $14,434
2020 $41,074 $37,562 $26,662 $3,512
2019 $542,574 $532,667 $23,150 $9,907
2018 $853,330 $841,155 $13,243 $12,175
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