LETCHER COUNTY FARM BUREAU INC (EIN 237080547) - 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

1970

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

LETCHER COUNTY FARM BUREAU INC, founded in 1970, is a small nonprofit that reported $146K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $175K exceeded revenue, resulting in a 20% operating deficit.

Mission

FORMULATE POLICY AFFECTING AGRICULTURE IN LETCHER COUNTY. FORMULATE RESOLUTIONS TO SUBMIT TO STATE AND NATIONAL ORGANIZATIONS. ADMINISTER LOCAL MEMBERSHIP DUES.

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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 $113,806

Program Service Revenue $0

Investment Income $331

Other Revenue $32,052

TOTAL REVENUE $146,189

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $175,001

Other Expenses $175,001

TOTAL EXPENSES $175,001

Year-over-Year Comparison

	2024	2023	Change
Revenue	$146,189	$122,060	+0.2%
Expenses	$175,001	$116,026	+0.5%
Net Income	$-28,812	$6,034	-5.8%

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
HOWARD STANFILL	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER D WATTS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN WRIGHT	BOARD MEMBER	1.00	Director	$0	$0	$0
JUDY COLLINS	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL BURTON	BOARD MEMBER	1.00	Director	$0	$0	$0
WADE ADAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
WINFORD ELDRIDGE	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAD BAKER	PRESIDENT	2.00	Officer	$0	$0	$0
CARLA STURGILL	TREASURER	2.00	Officer	$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
2025	No data	No data	No data	No data
2024	$146,189	$175,001	$483,616	$-28,812
2023	$122,060	$116,026	$512,428	$6,034
2021	$149,671	$161,138	$493,819	$-11,467
2020	$177,236	$163,492	$504,587	$13,744
2019	$161,617	$142,187	$490,843	$19,430
2018	$104,540	$148,944	$482,320	$-44,404

LETCHER COUNTY FARM BUREAU INC