INDIANA FARM BUREAU MADISON COUNTY FARM BUREAU INC (EIN 350795409) - 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

1945

Legal Domicile

Principal Officer

BRETT BAYS

Phone

3176927851

Tax Period

2023-09-01 to 2024-08-31

INDIANA FARM BUREAU MADISON COUNTY FARM BUREAU INC, founded in 1945, is a micro nonprofit that reported $52K in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $32K, a strong 62% operating margin.

Mission

REPRESENT THE FARMER'S VOICE ON ISSUES RELATED TO AGRICULTURE, EDUCATE THE CONSUMER AND PROMOTE FARM PRODUCTS, KEEP MEMBERS ABREAST OF POLICIES AND NEW DEVELOPMENTS.

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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 $24,368

Program Service Revenue $0

Investment Income $26,314

Other Revenue $876

TOTAL REVENUE $51,558

Expense Breakdown

Grants Paid $1,243

Salaries & Benefits $8,370

Fundraising Expenses $0

Other Expenses $10,077

TOTAL EXPENSES $19,690

Year-over-Year Comparison

	2023	2022	Change
Revenue	$51,558	$35,692	+0.4%
Expenses	$19,690	$19,525	+0.0%
Net Income	$31,868	$16,167	+1.0%

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

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

$5,500

Total Directors

$7,570

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARLAND ANTRIM	DIRECTOR	1.00	Director	$90	$0	$90
TERRY FARMER	DIRECTOR	1.00	Director	$120	$0	$120
KIMBERLY HIATT	DIRECTOR	1.00	Director	$60	$0	$60
JAMES MOREHEAD	DIRECTOR	1.00	Director	$90	$0	$90
MARYANN WILLIAMS	DIRECTOR	1.00	Director	$1,500	$0	$1,500
RANDY WILLIAMS	DIRECTOR	1.00	Director	$210	$0	$210
CORY BOHLANDER	PRESIDENT AND DIRECTOR	5.00	Officer Director	$2,500	$0	$2,500
BRETT BAYS	VICE PRESIDENT AND DIRECTOR	3.00	Officer Director	$1,500	$0	$1,500
GREG BOHLANDER	SECRETARY/TREASURER AND DIRECTOR	4.00	Officer Director	$0	$0	$0
BETH VANSICKLE	EDUCATION AND OUTREACH COORDINATOR AND DIRECTOR	4.00	Officer Director	$1,500	$0	$1,500

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	$51,558	$19,690	$603,927	$31,868
2023	$35,692	$19,525	$572,059	$16,167
2022	$25,132	$21,182	$555,892	$3,950
2021	$31,153	$17,252	$554,964	$13,901
2020	$35,164	$19,820	$541,063	$15,344
2019	$32,713	$25,446	$525,719	$7,267

INDIANA FARM BUREAU MADISON COUNTY FARM BUREAU INC