OHIO FARM BUREAU FOUNDATION

EIN: 311781473 501(c)(3) Recreation & Sports

COLUMBUS, OH

Total Revenue
$1,058,152
Total Expenses
$815,120
Total Assets
$7,265,682
Net Assets
$7,165,299
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
OH
Principal Officer
AMY MCCORMICK
Phone
6142492400
Tax Period
2024-01-01 to 2024-12-31

OHIO FARM BUREAU FOUNDATION, founded in 1985, is a community nonprofit in the Recreation & Sports sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $243K, a strong 23% operating margin.

Mission

INSPIRING INNOVATION AND CULTIVATING INVESTMENT IN OHIO'S FARM AND FOOD COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $646,814
Program Service Revenue $148,820
Investment Income $198,961
Other Revenue $63,557
TOTAL REVENUE $1,058,152

Expense Breakdown

Grants Paid $265,991
Salaries & Benefits $0
Fundraising Expenses $21
Program Expenses $783,399
Other Expenses $549,129
TOTAL EXPENSES $815,120

Year-over-Year Comparison

2024 2023 Change
Revenue $1,058,152 $785,187 +0.3%
Expenses $815,120 $712,750 +0.1%
Net Income $243,032 $72,437 +2.4%
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

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Governance

Voting Members
16
Independent Members
16
Employees
N/A
Volunteers
80

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
7
$968,234
Total Directors
16
$798,269
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM SHARP EXECUTIVE VICE PRESIDENT, OFBF 1.00
Officer Director
$0 $33,193 $442,322
MIKE BAILEY SR VP OPS, OFBF 1.00
Officer Director
$0 $4,364 $180,111
KELLY BURNS EXECUTIVE DIRECTOR, FOUNDATION 1.00
Officer Director
$0 $34,410 $151,886
MELANIE STRAIT-BOK DIRECTOR 1.00
Director
$0 $0 $0
DEVIN FUHRMAN DIRECTOR 1.00
Director
$0 $0 $0
AMY MCCORMICK PRESIDENT 1.00
Officer Director
$0 $0 $0
MICHAEL BOYERT DIRECTOR 1.00
Director
$0 $0 $6,000
NATHAN BROWN 1ST VICE PRESIDENT 1.00
Officer Director
$0 $0 $5,200
ANNALIES CORBIN DIRECTOR 1.00
Director
$0 $0 $0
DANIELLE BURCH DIRECTOR 1.00
Director
$0 $0 $4,300
DOUG MILLER DIRECTOR 1.00
Director
$0 $0 $0
ROGER NICOL DIRECTOR 1.00
Director
$0 $0 $0
JANE SCOTT DIRECTOR 1.00
Director
$0 $0 $0
MIKE TOWNSLEY DIRECTOR 1.00
Director
$0 $0 $0
ADELE FLYNN TREASURER 1.00
Officer Director
$0 $0 $8,450
KARL WEDEMEYER DIRECTOR 1.00
Director
$0 $0 $0
JODI BEEKMAN CFO 1.00
Officer
$0 $24,832 $180,265
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 $1,058,152 $815,120 $7,265,682 $243,032
2023 $785,187 $712,750 $6,750,343 $72,437
2022 $1,264,479 $922,931 $6,028,995 $341,548
2021 $2,190,396 $870,619 $6,683,725 $1,319,777
2020 $1,481,353 $871,939 $5,684,161 $609,414
2019 $1,471,537 $764,822 $4,801,583 $706,715
2018 $757,464 $665,249 $4,086,356 $92,215
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