MAINE FARM BUREAU ASSOCIATION (EIN 010217277) - 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

1951

Legal Domicile

Principal Officer

CLIFTON KRAMER

Phone

8006392126

Tax Period

2023-10-01 to 2024-09-30

MAINE FARM BUREAU ASSOCIATION, founded in 1951, is a small nonprofit that reported $249K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $221K left a modest 11% surplus.

Mission

AN AGRICULTURAL ORGANIZATION THAT PROMOTES AGRICULTURE, FARM RESEARCH AND FOSTER COOPERATIVE BUYING FOR BASIC FARM SUPPLIES FOR THE MUTUAL BENEFIT OF ITS MEMBERS.

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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 $93,658

Program Service Revenue $19,132

Investment Income $135,539

Other Revenue $201

TOTAL REVENUE $248,530

Expense Breakdown

Grants Paid $0

Salaries & Benefits $52,458

Fundraising Expenses $0

Program Expenses $147,813

Other Expenses $168,498

TOTAL EXPENSES $220,956

Year-over-Year Comparison

	2023	2022	Change
Revenue	$248,530	$200,996	+0.2%
Expenses	$220,956	$207,407	+0.1%
Net Income	$27,574	$-6,411	-5.3%

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
BERNYS DOAK	CLERK/ SECRETARY	2.00	Officer Director	$0	$0	$0
BRUCE FLEWELLING	BOARD MEMBER	2.00	Director	$0	$0	$0
CARLA PHILLIPS	BOARD MEMBER	2.00	Director	$0	$0	$0
CLARK GRANGER	ASSISTANT TREASURER	10.00	Officer Director	$0	$0	$0
CLIFTON KRAMER	TREASURER	10.00	Officer Director	$0	$0	$0
COURTNEY HAMMOND	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID KENT	PRESIDENT	10.00	Officer Director	$0	$0	$0
DEBORAH PLENGEY	BOARD MEMBER	2.00	Director	$0	$0	$0
FRANK MCELWAIN	BOARD MEMBER	2.00	Director	$0	$0	$0
HANNA LOWE	BOARD MEMBER	2.00	Director	$0	$0	$0
HENRY HARDY	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMES HENSHAW	BOARD MEMBER	2.00	Director	$0	$0	$0
JONATHAN TIBBETTS	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
JOSEPH CARLIN	BOARD MEMBER	2.00	Director	$0	$0	$0
JR HURD	BOARD MEMBER	2.00	Director	$0	$0	$0
LARRY SCOTT	BOARD MEMBER	2.00	Director	$0	$0	$0
MARY ANNE KINNEY	BOARD MEMBER	2.00	Director	$0	$0	$0
RICHARD PERKINS	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT HAMMOND	BOARD MEMBER	2.00	Director	$0	$0	$0
RYAN CRANE	BOARD MEMBER	2.00	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
2024	$248,530	$220,956	$1,819,784	$27,574
2023	$200,996	$207,407	$1,727,746	$-6,411
2021	$330,143	$186,193	$1,863,752	$143,950
2020	$207,441	$234,621	$1,699,979	$-27,180
2019	$216,324	$211,426	$1,611,836	$4,898
2018	$235,963	$212,908	$1,597,569	$23,055

MAINE FARM BUREAU ASSOCIATION