FUTURE FARMERS OF AMERICA (EIN 341753153) - 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

1987

Legal Domicile

Principal Officer

JARED CANFIELD

Phone

4196067447

Tax Period

2023-01-01 to 2023-12-31

FUTURE FARMERS OF AMERICA, founded in 1987, is a small nonprofit that reported $159K in total revenue in fiscal year 2023. Revenue surged 115% from the prior year, signaling strong growth momentum. Expenses of $266K exceeded revenue, resulting in a 67% operating deficit.

Mission

SUPPORTING OUR LOCAL FFA CHAPTER AND PROVIDING AGRICULTURAL EDUCATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $87,782

Program Service Revenue $0

Investment Income $0

Other Revenue $71,189

TOTAL REVENUE $158,971

Expense Breakdown

Grants Paid $262,130

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $265,830

Other Expenses $3,700

TOTAL EXPENSES $265,830

Year-over-Year Comparison

	2023	2022	Change
Revenue	$158,971	$73,831	+1.2%
Expenses	$265,830	$11,974	+21.2%
Net Income	$-106,859	$61,857	-2.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JARED CANFIELD	PRESIDENT	4.00	Officer Director	$0	$0	$0
KENNY LIBBEN	VICE-PRESIDENT	4.00	Officer Director	$0	$0	$0
LOGAN ZIEGLER	SECRETARY	4.00	Officer Director	$0	$0	$0
JUSTIN ZIEGLER	TREASURER	4.00	Officer Director	$0	$0	$0
CAROL ENDSLOW	TRUSTEE	2.00	Director	$0	$0	$0
MEGAN CANFIELD	TRUSTEE	2.00	Director	$0	$0	$0
KENDRA CARNEGIE	BOARD MEMBER	2.00	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	No data	No data	No data	No data
2023	$158,971	$265,830	$49,697	$-106,859

FUTURE FARMERS OF AMERICA