NATIONAL SORGHUM PRODUCERS ASSOCIATION

EIN: 750972863

LUBBOCK, TX

Total Revenue
$3,964,230
Total Expenses
$4,082,259
Total Assets
$1,810,636
Net Assets
$1,704,294
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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
1955
Legal Domicile
TX
Principal Officer
TIMOTHY LUST
Phone
8067493478
Tax Period
2023-10-01 to 2024-09-30

NATIONAL SORGHUM PRODUCERS ASSOCIATION, founded in 1955, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2023. Revenue surged 91% from the prior year, signaling strong growth momentum.

Mission

THE PURPOSES OF THE ASSOCIATION ARE TO REPRESENT AND ASSIST GRAIN SORGHUM PRODUCERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,746,135
Program Service Revenue $919,196
Investment Income $8,860
Other Revenue $290,039
TOTAL REVENUE $3,964,230

Expense Breakdown

Grants Paid $2,502,942
Salaries & Benefits $515,967
Fundraising Expenses $0
Other Expenses $1,053,350
TOTAL EXPENSES $4,082,259

Year-over-Year Comparison

2023 2022 Change
Revenue $3,964,230 $2,070,417 +0.9%
Expenses $4,082,259 $1,816,238 +1.2%
Net Income $-118,029 $254,179 -1.5%
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
11
Independent Members
11
Employees
42
Volunteers
25

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
3
$275,201
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CRAIG MEEKER CHAIRMAN 1.00
Officer Director
$0 $0 $0
AMY FRANCE VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
KODY CARSON DIRECTOR 1.00
Director
$0 $0 $0
DANNY BEYER DIRECTOR 1.00
Director
$0 $0 $0
DOUG KEESLING DIRECTOR 1.00
Director
$0 $0 $0
LARRY RICHARDSON DIRECTOR 1.00
Director
$0 $0 $0
TOM WILLIS DIRECTOR 2.00
Director
$0 $0 $0
MARC ADAMS DIRECTOR 1.00
Director
$0 $0 $0
SCOTT FRAZIER DIRECTOR 1.00
Director
$0 $0 $0
KENT MARTIN DIRECTOR 1.00
Director
$0 $0 $0
GARRETT LOVE DIRECTOR 3.50
Director
$0 $0 $0
TIMOTHY LUST CEO 50.00
Officer
$267,505 $7,696 $275,201
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 $3,964,230 $4,082,259 $1,810,636 $-118,029
2023 $2,070,417 $1,816,238 $2,194,364 $254,179
2022 $1,829,953 $1,491,282 $1,764,382 $338,671
2021 $1,645,317 $1,345,387 $1,486,090 $299,930
2020 $1,217,069 $1,090,140 $947,435 $126,929
2019 $1,109,521 $1,059,234 $818,761 $50,287
2018 $1,098,152 $1,160,996 $719,149 $-62,844
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