TEXAS SOYBEAN BOARD INC (EIN 731523323) - 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

1997

Legal Domicile

Principal Officer

DAVID GIBSON

Phone

8066876367

Tax Period

2023-07-01 to 2024-06-30

TEXAS SOYBEAN BOARD INC, founded in 1997, is a small nonprofit that reported $123K in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring.

Mission

BOARD'S MISSION IS TO COLLECT FUNDS FROM SOYBEAN PRODUCERS FOR THE ESTABLISHMENT OF MARKET DEVELOPMENT, PROMOTION AND RESEARCH TO BENEFIT THE TEXAS SOYBEAN INDUSTRY.

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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 $112,952

Investment Income $10,240

Other Revenue $0

TOTAL REVENUE $123,192

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $133,747

Other Expenses $133,747

TOTAL EXPENSES $133,747

Year-over-Year Comparison

	2023	2022	Change
Revenue	$123,192	$154,137	-0.2%
Expenses	$133,747	$156,767	-0.1%
Net Income	$-10,555	$-2,630	+3.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID GIBSON	EXECUTIVE AD	4.00	Director	$0	$0	$0
DANIEL BERGLUND	CHAIRMAN	3.00	Officer Director	$0	$0	$0
ANDY SCOTT	VICE-CHAIRMA	3.00	Officer Director	$0	$0	$0
WADE COWAN	DIRECTOR	1.00	Director	$0	$0	$0
TRENT JONES	DIRECTOR	1.00	Director	$0	$0	$0
CHASE HICKMAN	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON RAULSTON	DIRECTOR	1.00	Director	$0	$0	$0
SAMUEL SPARKS III	DIRECTOR	1.00	Director	$0	$0	$0
JIMMY HAYES	DIRECTOR	1.00	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	No data	No data	No data	No data
2024	$123,192	$133,747	$199,102	$-10,555
2023	$154,137	$156,767	$209,657	$-2,630
2022	$199,194	$188,417	$212,287	$10,777
2021	$158,403	$140,262	$201,510	$18,141
2020	$69,182	$94,307	$183,369	$-25,125
2019	$140,697	$145,191	$208,494	$-4,494

TEXAS SOYBEAN BOARD INC