Indiana Soybean Alliance Inc
Nonprofit profile at a glance
- EIN
- 352026389
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Indianapolis, IN, USA
- Phone
- 3173473620
- Rating confidence
- Limited
Reported finances
- Revenue
- $10,311,152
- Expenses
- $10,885,400
- Assets
- $20,736,780
- Liabilities
- $3,746,511
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
33 people listed
Executive titles in this filing
- COURTNEY KINGERY (CEO)
Highest reported compensation
- COURTNEY KINGERY (CEO): $282,906 total reported compensation
- EDWARD EBERT (SR. DIRECTOR OF PRODUCTION): $210,673 total reported compensation
- CHANTEL RAMMEL (CHIEF OPERATING OFFICER): $203,170 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The overall mission of the Indiana soybean alliance (isa) is to proactively work with partners to improve the opportunities for Indiana soybean farmers. To accomplish this mission, in 2023 the isa board of directors modified the strategic plan which provides a guideline for activities for the next three fiscal years. The strategic plan includes Indiana based evaluation metrics to be used for projects that commence in fiscal year 2025. The basis of this plan was developed from sources which included: input from industry leaders, board members, former board members and the experiences of isa staff and results from the prior strategic plan. This strategic plan has four overall strategic focus areas that guide isa's investment of producer checkoff dollars. The four focus areas are market development, sustainability, value creation and producer engagement.
What it reported doing in 2024
Sustainability: effective work in sustainability is grounded in environmental, economic and community outreach programming. This is accomplished by funding projects with the following objectives: increase farmer adoption of improved nutrient and soil health systems. Through community partnerships, strengthen consumer's trust in farmers by highlighting shared economic, environmental and social values. Invest in research that helps farmers produce soybeans more economically.
Operating model
- Revenue model
- Earned-program. 90% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 83
- Accountability: 100
- Sustainability: 34
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- 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: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -5.6%; rating input score 16; 16th percentile among comparable filings
- Total-asset coverage ratio: 1.91; rating input score 60; 60th percentile among comparable filings
- Liabilities to assets ratio: 0.18; rating input score 61; 61st percentile among comparable filings
- Officer compensation ratio: 12.1%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -2.4% per year; rating input score 0; 4th percentile among comparable filings
- Asset growth: 4.6% per year; rating input score 100; 33rd percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 24 of 24 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments
- Leadership: top reported pay $283K · 33 people listed · 3 of 6 pay-setting controls reported
- Consistency: 11 of 11 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 22 filed money-flow records
- Related organizations: 15 filed related-organization links
- 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 — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 16/100.
- High — Sustainability: Officer compensation ratio scored 14/100.