Asmark Institute Inc

Nonprofit profile at a glance

EIN
883335676
IRS 990 coverage
2023–2025
Forms available
Form 990 2025, Form 990-N 2022
Location
Owensboro, KY, USA
Phone
2709264600
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Alliance/Advocacy

Official website

Reported finances

Revenue
$7,768,985
Expenses
$8,318,085
Assets
$6,128,660
Liabilities
$341,263

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • BRIAN M MASON (PRESIDENT & CEO)

Highest reported compensation

  • BRIAN M MASON (PRESIDENT & CEO): $352,733 total reported compensation
  • JANET L SALEM (CHIEF OPERATING OFFICER): $237,142 total reported compensation
  • MEGAN L HILL (EMPLOYEE): $183,327 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization enhances food sustainability and public welfare by simplifying agricultural regulations and providing comprehensive safety resources and training.

What it reported doing in 2025

In 2024, the organization achieved several significant milestones that underscores the organization's commitment to excellence and client success. The organization successfully trained over 30,000 employees through comprehensive programs, including monthly, annual, and six specialized signature training courses tailored to meet diverse industry needs. Additionally, the organization maintained over 13,000 driver files on behalf of their clients, to help ensure their drivers remained compliant and on the road without interruption. Their proactive approach to risk management was demonstrated through the updating and submission of 566 5-year risk management plans to the epa, reinforcing the organization's dedication to environmental compliance and safety standards. Furthermore, the organization filed 2,300 sara tier ii reports for their clients, providing critical information to state and local officials, as well as the public. These reports detail the locations and quantities of hazardous chemicals present at facilities during the previous calendar year, promoting transparency and safety across communities. These accomplishments highlight the ongoing efforts to deliver value, compliance, and training excellence.

Operating model

Revenue model
Earned-program. 98% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 66
  • Accountability: 83
  • Sustainability: 23
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.7%; rating input score 88
  • Program expense ratio: 83.2%; rating input score 83
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 85.7%; rating input score 86; 19th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -7.1%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 0.74; rating input score 25; 25th percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 58; 58th percentile among comparable filings
  • Officer compensation ratio: 17%; rating input score 19; 19th percentile among comparable filings

Growth

  • Program expense growth: 101.7% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 14.1% per year; rating input score 100; 78th percentile among comparable filings
  • Asset growth: -3.3% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 87.7% of revenue deployed · 83.2% of spending went to programs
  • Governance: 6 of 7 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $6.9M in reported program spending
  • Leadership: top reported pay $353K · 13 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.9M reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 3 filed schedules · includes executive pay
  • Filing history: 3 filing years from 2023 to 2025
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 13/100.
  • High — Sustainability: Total-asset coverage ratio scored 25/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 19/100.
  • Review — Sustainability: Liabilities to assets ratio scored 58/100.