CONNECTICUT FARM BUREAU ASSOCIATION INC

EIN: 060663544

WETHERSFIELD, CT

Total Revenue
$541,845
Total Expenses
$617,117
Total Assets
$3,721,709
Net Assets
$3,436,221
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1919
Legal Domicile
CT
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 ASSOCIATION SERVES AS THE VOICE FOR THE AGRICULTURAL INDUSTRY IN CONNECTICUT, AND IS PRIMARILY SUPPORTED BY DUES REVENUE FROM 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%)

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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

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
4
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
5
$112,308
Total Directors
14
$12,500
Key Employees
0
$0
Highest Compensated
0
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
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