OHIO FARM BUREAU FOUNDATION

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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

1985

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $145,991

INNOVATIVE PROGRAMMING: OUR SIGNATURE SCIENCE PROGRAM, EXPLOREAG, OFFERS FREE WEEK AND DAY LONG IMMERSION PROGRAMS FOR HIGH-SCHOOL STUDENTS. IN EXPLOREAG, TEENS LEARN ABOUT AGRICULTURE AND RELATED...

INNOVATIVE PROGRAMMING: OUR SIGNATURE SCIENCE PROGRAM, EXPLOREAG, OFFERS FREE WEEK AND DAY LONG IMMERSION PROGRAMS FOR HIGH-SCHOOL STUDENTS. IN EXPLOREAG, TEENS LEARN ABOUT AGRICULTURE AND RELATED STEM FIELDS FROM INDUSTRY EXPERTS, SCIENTISTS, AND EDUCATORS.

Program 2

Expenses: $120,000

WE AWARD SCHOLARSHIPS TO STUDENTS PLANNING TO PURSUE CAREERS IN AGRICULATURE AND RELATED FIELDS. WE ISSUE GRANTS TO NONPROFIT ORGANIZATIONS AND COUNTY FARM BUREAUS THAT HELP YOUNG PEOPLE EMBRACE...

WE AWARD SCHOLARSHIPS TO STUDENTS PLANNING TO PURSUE CAREERS IN AGRICULATURE AND RELATED FIELDS. WE ISSUE GRANTS TO NONPROFIT ORGANIZATIONS AND COUNTY FARM BUREAUS THAT HELP YOUNG PEOPLE EMBRACE FOOD, AGRICULTURE, AND ENVIRONMENTAL CAREERS, AND TO PROGRAMS ADVANCING AGRICULATURAL EDUCATION.

Program 3

Expenses: $443,270

OUR WORK STARTS WITH AG LITERACY. WE TEACH STUDENTS ABOUT AGRICULTURE AND ALL THE ASPECTS OF THEIR LIVES IT IMPACTS. WE INTRODUCE THEM TO THE EDUCATIONAL AND EMPLOYMENT POSSIBILITIES RELATING TO...

OUR WORK STARTS WITH AG LITERACY. WE TEACH STUDENTS ABOUT AGRICULTURE AND ALL THE ASPECTS OF THEIR LIVES IT IMPACTS. WE INTRODUCE THEM TO THE EDUCATIONAL AND EMPLOYMENT POSSIBILITIES RELATING TO FARMING. THE FOUNDATION BELIEVES EVERY YOUNG PERSON IN OHIO HAS THE POTENTIAL TO GROW THEIR CAREER IN AGRICULTURE.

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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 $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

Governance

Voting Members

Independent Members

Employees

N/A

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

$968,234

Total Directors

$798,269

Key Employees

Highest Compensated

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