CONNECTICUT FARM BUREAU ASSOCIATIO… - Form 990 Financial Data

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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

1919

Legal Domicile

Principal Officer

TRACEY MCDOUGALL

Phone

8607681100

Tax Period

2023-10-01 to 2024-09-30

CONNECTICUT FARM BUREAU ASSOCIATION INC, founded in 1919, is a small nonprofit that reported $542K in total revenue in fiscal year 2023. Expenses of $617K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE MISSON OF THE CONNECTICUT FARM BUREAU IS TO ELEVATE THE STATURE OF AGRICULTURE IN OUR STATE. THROUGH EDUCATION, MARKET PROMOTION AND LEGISLATIVE ADVOCACY, WE STRIVE TO INCREASE FARM INCOME AND TO IMPROVE THE QUALITY OF LIFE NOT ONLY FOR CONNECTICUT FARMERS, BUT ALSO FOR THEIR CONSUMERS.

Program Service Accomplishments

Program 1

Expenses: $332,854

THE CT FARM BUREAU IS A STATEWIDE GRASSROOTS MEMBERSHIP ORGANIZATION DEDICATED TO SERVING ITS MEMBERS BY PROVIDING TIMELY INFORMATION AND ASSISTANCE ON A FULL RANGE OF FARMING AND ARGICULTURAL...

THE CT FARM BUREAU IS A STATEWIDE GRASSROOTS MEMBERSHIP ORGANIZATION DEDICATED TO SERVING ITS MEMBERS BY PROVIDING TIMELY INFORMATION AND ASSISTANCE ON A FULL RANGE OF FARMING AND ARGICULTURAL MATTERS. CT FARM BUREAU ALSO COMMITS RESOURCES TO SERVING RETAINING AND RECRUITING MEMBERS.

Program 2

Expenses: $65,468

THE CT FARM BUREAU COMMUNICATES WITH LOCAL, STATE AND FEDERAL OFFICALS ON MATTERS OF IMPORTANCE TO ITS MEMBERS AND CONNECTICUT AGRICULTURE.

Program 3

Expenses: $6,998

THE CT FARM BUREAU INFORMS ITS MEMBERS AND OTHER RESIDENTS ON A MULTITUDE OF MATTERS RELATED TO FARMING AND AGRICULTURE IN CONNECTICUT AND BEYOND BY PROVIDING AND DISTRIBUTING PUBLICATIONS, ATTENDING...

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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 $280,065

Program Service Revenue $34,166

Investment Income $113,464

Other Revenue $114,150

TOTAL REVENUE $541,845

Expense Breakdown

Grants Paid $0

Salaries & Benefits $370,215

Fundraising Expenses $0

Program Expenses $405,320

Other Expenses $246,902

TOTAL EXPENSES $617,117

Year-over-Year Comparison

	2023	2022	Change
Revenue	$541,845	$518,106	+0.0%
Expenses	$617,117	$585,169	+0.1%
Net Income	$-75,272	$-67,063	+0.1%

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

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

$112,308

Total Directors

$12,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACEY MCDOUGALL	EXECUTIVE DI	40.00	Officer	$99,808	$0	$99,808
PAUL LARSON	PRESIDENT	3.00	Officer Director	$12,000	$0	$12,000
KEITH BISHOP	1ST VICE PRE	1.00	Officer Director	$500	$0	$500
WALTER ADAMETZ	DIRECTOR	0.50	Director	$0	$0	$0
KEN ASSARD	DIRECTOR	0.50	Director	$0	$0	$0
MARK BLACKMER	DIRECTOR	0.50	Director	$0	$0	$0
VICKIE BOMBA-LEWANDOSKI	DIRECTOR	0.50	Director	$0	$0	$0
KIMBERLY BROCKETT	TREASURER/ S	2.00	Officer Director	$0	$0	$0
WAYNE BUDNEY	DIRECTOR	0.50	Director	$0	$0	$0
LARS DEMANDER	2ND VICE PRE	1.00	Officer Director	$0	$0	$0
MARK FONICELLO	DIRECTOR	0.50	Director	$0	$0	$0
PATRICK HEDDEN	DIRECTOR	0.50	Director	$0	$0	$0
JOSH NEMET	DIRECTOR	0.50	Director	$0	$0	$0
DIANA PAPROSKI	DIRECTOR	0.50	Director	$0	$0	$0
DEBBI TANNER	DIRECTOR	0.50	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	$541,845	$617,117	$3,721,709	$-75,272
2023	$518,106	$585,169	$3,410,683	$-67,063
2022	$615,515	$551,863	$3,432,102	$63,652
2021	$476,942	$503,915	$3,943,956	$-26,973
2020	$509,328	$501,789	$3,394,400	$7,539
2019	$391,630	$549,462	$3,768,718	$-157,832
2018	$849,311	$563,361	$3,886,577	$285,950

CONNECTICUT FARM BUREAU ASSOCIATION INC