CHOWAN COUNTY FARM BUREAU INC (EIN 237022448) - 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

1963

Legal Domicile

Principal Officer

JEFF SMITH

Phone

2524827434

Tax Period

2024-01-01 to 2024-12-31

CHOWAN COUNTY FARM BUREAU INC, founded in 1963, is a micro nonprofit that reported $94K in total revenue in fiscal year 2024. Expenses of $90K left a modest 5% surplus.

Mission

PRIVATE, NON-PROFIT ORGANIZATION CREATED TO DEVELOP, FOSTER, PROMOTE AND PROTECT PROGRAMS FOR THE WELFARE OF FARM PEOPLE, INCLUDING THEIR ECONOMIC, SOCIAL AND EDUCATIONAL WELL-BEING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $75,000

Program Service Revenue $0

Investment Income $1,734

Other Revenue $17,104

TOTAL REVENUE $93,838

Expense Breakdown

Grants Paid $13,200

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $76,383

TOTAL EXPENSES $89,583

Year-over-Year Comparison

	2024	2023	Change
Revenue	$93,838	$94,683	0.0%
Expenses	$89,583	$80,988	+0.1%
Net Income	$4,255	$13,695	-0.7%

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

168

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
JIMMY C FOREHAND	SECRETARY	0.35	Officer Director	$0	$0	$0
JOHNNY LAYTON	MEMBER-BOD	0.35	Director	$0	$0	$0
RICHARD MARTIN GOODWIN	MEMBER-BOD	0.35	Director	$0	$0	$0
WILLIAM MONDS	MEMBER-BOD	0.35	Director	$0	$0	$0
JERRY WAYNE PARRISH	MEMBER-BOD	0.35	Director	$0	$0	$0
CAREY PARRISH	VP	0.35	Officer Director	$0	$0	$0
JOHN LAYTON	MEMBER-BOD	0.35	Director	$0	$0	$0
JIMMIE PARRISH	MEMBER-BOD	0.35	Director	$0	$0	$0
JEFF SMITH	PRESIDENT	0.35	Officer 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	$93,838	$89,583	$530,869	$4,255
2023	$94,683	$80,988	$526,614	$13,695
2022	$93,345	$76,951	$512,919	$16,394

CHOWAN COUNTY FARM BUREAU INC