IOWA FARM BUREAU FEDERATION D/B/A POWESHIEK COUNTY FARM BUREAU (EIN 237425261) - 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

1918

Legal Domicile

Principal Officer

ERIC FYNAARDT

Phone

6415229227

Tax Period

2024-01-01 to 2024-12-31

IOWA FARM BUREAU FEDERATION D/B/A POWESHIEK COUNTY FARM BUREAU, founded in 1918, is a small nonprofit that reported $193K in total revenue in fiscal year 2024. Revenue surged 88% from the prior year, signaling strong growth momentum. The organization ran a surplus of $71K, a strong 37% operating margin.

Mission

TO CREATE A VIBRANT FUTURE FOR AGRICULTURE, FARM FAMILIES & THEIR COMMUNITIES.

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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 $26,783

Program Service Revenue $74,280

Investment Income $91,252

Other Revenue $225

TOTAL REVENUE $192,540

Expense Breakdown

Grants Paid $6,450

Salaries & Benefits $22,657

Fundraising Expenses $0

Other Expenses $89,514

TOTAL EXPENSES $121,507

Year-over-Year Comparison

	2024	2023	Change
Revenue	$192,540	$102,521	+0.9%
Expenses	$121,507	$66,511	+0.8%
Net Income	$71,033	$36,010	+1.0%

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

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
ERIC FYNAARDT	PRESIDENT	1.50	Officer Director	$0	$0	$0
KATHERINE BOELEN	VICE PRESIDENT	1.50	Officer Director	$0	$0	$0
ADAM CHENEY	TREASURER	1.50	Officer Director	$0	$0	$0
DAKOTA HUDNUT	SECRETARY	1.50	Officer Director	$0	$0	$0
TOM CHENEY	VOTING DELEGATE	1.50	Officer Director	$0	$0	$0
MIKE KLEITSH	DIRECTOR	1.00	Director	$0	$0	$0
JOE ARMSTRONG	DIRECTOR	1.00	Director	$0	$0	$0
LEE KING	DIRECTOR	1.00	Director	$0	$0	$0
DAVID KING	DIRECTOR	1.00	Director	$0	$0	$0
JEROD CHIDESTER	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY DEKONIG	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW KLOPPENBURG	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT DURR	DIRECTOR	1.00	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	$192,540	$121,507	$1,791,590	$71,033
2023	$1,138,405	$140,355	$1,724,165	$998,050
2023	$102,521	$66,511	$1,742,285	$36,010
2022	$152,852	$121,927	$720,929	$30,925
2021	$131,657	$106,165	$746,672	$25,492

IOWA FARM BUREAU FEDERATION D/B/A POWESHIEK COUNTY FARM BUREAU