NORTH DAKOTA SOYBEAN COUNCIL

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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

1985

Legal Domicile

Principal Officer

JIM THOMPSON

Phone

7015669300

Tax Period

2024-07-01 to 2025-06-30

NORTH DAKOTA SOYBEAN COUNCIL, founded in 1985, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $6.3M in total revenue in fiscal year 2024. Expenses of $7.5M exceeded revenue, resulting in a 18% operating deficit.

Mission

THE NDSC SERVES AS A QUALIFIED STATE SOYBEAN BOARD UNDER THE FEDERAL SOYBEAN PROMOTION, RESEARCH AND CONSUMER INFORMATION ACT. ND SOYBEAN FARMERS CONTRIBUTE 1/2 OF 1% OF THE PRICE OF EACH BUSHEL SOLD AT THE FIRST POINT OF SALE TO THE SOYBEAN CHECKOFF. THE NDSC FARMER BOARD OVERSEES THE INVERSTMENT OF 50% OF THOSE DOLLARS TO FUND RESEARCH, MARKET DEVELOPMENT, PROMOTION AND EDUCATION INITIATIVES.

Program Service Accomplishments

Program 1

Expenses: $2,726,807

NDSC INVESTS CHECKOFF DOLLARS TO FUND RESEARCH FOCUSED ON TWO STRATEGIC PRIORITIES:1. PRODUCTION AND PLANT BREEDING2. NEW USESPRODUCTION & PLANT BREEDING RESEARCH HAS HELPED FARMERS ACHIEVE GREATER EFFICIENCIES, ENHANCING BOTH THE CURRENT AND LONG-TERM SUCCESS OF ND SOYBEAN FARMERS. NEW USES RESEARCH HAS HELPED TO REALIZE HIGH VOLUME AND HIGH-VALUE DEMAND OPPORTUNITIES FOR ND SOYBEANS.

Program 2

Expenses: $2,188,448

THROUGH ITS MARKET DEVELOPMENT INITIATIVES, NDSC INCREASES SOY USE BY CUSTOMERS BOTH DOMESTICALLY AND INTERNATIONALLY.

Program 3

Expenses: $1,675,359

NDSC PROMOTES AND SUPPORTS OUTREACH AND AGRICULTURAL EDUCATION THOUGH BOTH INTERNAL INITIATIVES AND PARTNERSHIPS WITH OUTSIDE ORGANIZATIONS. THESE EFFORTS HAVE HELPED EQUIP TEACHERS TO EDUCATE...

NDSC PROMOTES AND SUPPORTS OUTREACH AND AGRICULTURAL EDUCATION THOUGH BOTH INTERNAL INITIATIVES AND PARTNERSHIPS WITH OUTSIDE ORGANIZATIONS. THESE EFFORTS HAVE HELPED EQUIP TEACHERS TO EDUCATE STUDENTS ON THE IMPACT OF SOYBEAN FARMING AND AGRICULTURE IN GENERAL. ADDITIONALLY, WE ENGAGE WITH STUDENTS, HEALTH & FOOD NUTRITION EXPERTS, AND CONSUMERS TO DRIVE AWARENESS OF THE BENEFITS OF SOY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,009,908

Investment Income $235,532

Other Revenue $52,846

TOTAL REVENUE $6,298,286

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $923,945

Fundraising Expenses $0

Program Expenses $6,590,614

Other Expenses $6,509,549

TOTAL EXPENSES $7,453,494

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,298,286	N/A	N/A
Expenses	$7,453,494	N/A	N/A
Net Income	$-1,155,208	N/A	N/A

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

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

$119,389

Total Directors

$125,533

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHANIE SINNER	EXECUTIVE DIRECTOR	40.00	Officer Director	$102,587	$12,346	$114,933
JAMES JIM THOMPSON	BOARD CHAIR	0.10	Officer Director	$1,890	$0	$1,890
ROB ROSE	BOARD VICE CHAIR	0.10	Officer Director	$1,080	$0	$1,080
DALLAS LOFF	BOARD TREASURER	0.10	Officer Director	$878	$0	$878
EVAN MONTGOMERY	BOARD SECRETARY	0.10	Officer Director	$608	$0	$608
JEREMIAH UNDEM	DIRECTOR	0.10	Director	$1,080	$0	$1,080
PHILIP NEUBAUER	DIRECTOR	0.10	Director	$945	$0	$945
JENNIFER MEYER	DIRECTOR	0.10	Director	$608	$0	$608
THEODORE BRANDT	DIRECTOR	0.10	Director	$1,215	$0	$1,215
JOHN JP LUECK	DIRECTOR	0.10	Director	$878	$0	$878
ADAM REDMANN	DIRECTOR	0.10	Director	$1,418	$0	$1,418
AUSTIN LANGLEY	DIRECTOR	0.10	Director	$0	$0	$0
MILO BRAATEN	DIRECTOR	0.10	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	$6,298,286	$7,453,494	$10,658,296	$-1,155,208