INDIANA FARM BUREAU INC (EIN 350409100) - 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

1919

Legal Domicile

Principal Officer

MARK SIGLER

Phone

7655646484

Tax Period

2024-01-01 to 2024-12-31

INDIANA FARM BUREAU INC, founded in 1919, is a mid-sized nonprofit that reported $13.4M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $12.2M left a modest 10% surplus.

Mission

INDIANA FARM BUREAU, OUR MISSION IS TO PROTECT AND ENHANCE THE FUTURE OF AGRICULTURE AND OUR 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 $5,796,393

Program Service Revenue $535,748

Investment Income $2,624,474

Other Revenue $4,480,675

TOTAL REVENUE $13,437,290

Expense Breakdown

Grants Paid $285,242

Salaries & Benefits $6,797,800

Fundraising Expenses $0

Other Expenses $5,071,857

TOTAL EXPENSES $12,154,899

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,437,290	$11,980,090	+0.1%
Expenses	$12,154,899	$12,098,943	+0.0%
Net Income	$1,282,391	$-118,853	-11.8%

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

1146

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

$1,167,860

Total Directors

$756,976

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDALL KRON	PRESIDENT	40.00	Officer Director	$150,699	$81,965	$408,393
KENDELL CULP	DIRECTOR, VICE PRESIDENT	20.00	Officer Director	$77,935	$7,726	$85,661
JANIS HIGHLEY	DIRECTOR, 2ND VICE PRESIDE	20.00	Officer Director	$0	$0	$0
BRUCE GUERNSEY	DIRECTOR	10.00	Director	$13,200	$0	$25,200
BRUCE HERR	DIRECTOR	10.00	Director	$13,200	$0	$25,200
HAROLD PARKER	DIRECTOR (TERM ENDED 12/14)	10.00	Director	$13,550	$11,500	$25,050
JON SPARKS	DIRECTOR	10.00	Director	$13,200	$12,000	$25,200
KERMIT PARIS	DIRECTOR	10.00	Director	$13,200	$0	$25,200
KEVIN OUSLEY	DIRECTOR	10.00	Director	$13,200	$0	$33,647
KEVIN UNDERWOOD	DIRECTOR (TERM ENDED 12/14)	10.00	Director	$13,850	$0	$25,350
MARK SEIB	DIRECTOR	10.00	Director	$13,200	$0	$25,200
MATTHEW HAYDEN	DIRECTOR (TERM BEGINS 12/14)	10.00	Director	$550	$0	$1,050
ROBERT GESWEIN	DIRECTOR	10.00	Director	$13,200	$0	$25,200
TERRY HAYHURST	DIRECTOR	10.00	Director	$13,575	$0	$25,575
CORINA BRANT	DIRECTOR (TERM BEGINS 12/14)	10.00	Director	$550	$0	$1,050
MARK SIGLER	SECRETARY / TREASURER	40.00	Officer	$302,550	$77,775	$380,325
ROBIN HELDMAN	ASSISTANT SECRETARY	40.00	Officer	$87,111	$39,786	$126,897
ELAINE RUEFF	ASSISTANT TREASURER	40.00	Officer	$124,610	$41,974	$166,584
LAURA RUHLMAN	EXECUTIVE DIRECTOR, MARKET	40.00	Highest	$131,557	$11,681	$143,238
KATRINA HALL	SENIOR DIRECTOR POLICY STR	40.00	Highest	$180,348	$40,976	$221,324
MARK THORNBURG	EXECUTIVE DIRECTOR, LEGAL	40.00	Highest	$164,428	$64,561	$228,989
MEGAN RITTER	EXECUTIVE DIRECTOR OF ADMI	40.00	Highest	$190,946	$39,548	$230,494
RANDALL TAUER	EXECUTIVE DIRECTOR, PUBLIC	40.00	Highest	$159,666	$36,281	$195,947

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	$13,437,290	$12,154,899	$25,877,309	$1,282,391
2023	$11,980,090	$12,098,943	$24,491,033	$-118,853
2022	$11,731,618	$11,111,640	$23,959,518	$619,978
2021	$11,059,956	$10,185,159	$23,470,420	$874,797
2020	$11,074,675	$9,930,215	$22,690,251	$1,144,460
2019	$10,990,857	$10,610,530	$21,769,886	$380,327
2018	$11,125,109	$10,031,004	$20,912,558	$1,094,105

INDIANA FARM BUREAU INC