MISSISSIPPI FARM BUREAU FOUNDATION FOR AGRICULTURE INC (EIN 333390512) - 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

2025

Legal Domicile

Principal Officer

KALEB DEESE CPA

Phone

6019774205

Tax Period

2025-02-04 to 2025-10-31

MISSISSIPPI FARM BUREAU FOUNDATION FOR AGRICULTURE INC, founded in 2025, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $220K in total revenue in fiscal year 2024. The organization ran a surplus of $176K, a strong 80% operating margin.

Mission

ADVANCE AGRICULTURE THROUGH INVESTMENTS IN EDUCATING THE NEXT GENERATION OF FARMERS & RANCHERS.

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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 $217,716

Program Service Revenue $0

Investment Income $2,731

Other Revenue $0

TOTAL REVENUE $220,447

Expense Breakdown

Grants Paid $40,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $40,574

Other Expenses $4,403

TOTAL EXPENSES $44,403

Year-over-Year Comparison

	2024	2023	Change
Revenue	$220,447	N/A	N/A
Expenses	$44,403	N/A	N/A
Net Income	$176,044	N/A	N/A

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

$888,066

Total Directors

$900,466

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE MCCORMICK	PRESIDENT	2.00	Officer Director	$0	$47,694	$341,369
JEFF EASTERLING	VICE PRESIDENT	1.00	Officer Director	$0	$0	$6,400
KENT BLOODWORTH	SECRETARY	1.00	Officer Director	$0	$70,184	$305,913
KALEB DEESE	TREASURER	1.00	Officer Director	$0	$72,644	$234,384
DONALD GANT	DIRECTOR	1.00	Director	$0	$0	$6,400
TED KENDALL IV	DIRECTOR	1.00	Director	$0	$0	$6,000
JASON KRUTZ	DIRECTOR	1.00	Director	$0	$0	$0
RYN LASTER	DIRECTOR	1.00	Director	$0	$0	$0
LANCE WEDGEWORTH	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
JEFF STYERS	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
2025	$220,447	$44,403	$211,044	$176,044

MISSISSIPPI FARM BUREAU FOUNDATION FOR AGRICULTURE INC