INDIANA FARM BUREAU MONROE COUNTY FARM BUREAU INC (EIN 350860480) - 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

1948

Legal Domicile

Principal Officer

MARVIN ULMET

Phone

3176927851

Tax Period

2023-11-01 to 2024-10-31

INDIANA FARM BUREAU MONROE COUNTY FARM BUREAU INC, founded in 1948, is a micro nonprofit that reported $68K in total revenue in fiscal year 2023. Revenue fell 92% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $31K, a strong 46% 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 $26,065

Program Service Revenue $0

Investment Income $39,799

Other Revenue $1,868

TOTAL REVENUE $67,732

Expense Breakdown

Grants Paid $14,263

Salaries & Benefits $4,220

Fundraising Expenses $0

Other Expenses $18,309

TOTAL EXPENSES $36,792

Year-over-Year Comparison

	2023	2022	Change
Revenue	$67,732	$861,251	-0.9%
Expenses	$36,792	$104,186	-0.6%
Net Income	$30,940	$757,065	-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

$4,676

Total Directors

$4,676

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARVIN ULMET	PRESIDENT	5.00	Officer Director	$1,325	$0	$1,325
JEFFERY BAILEY	VICE PRESIDENT	3.00	Officer Director	$1,013	$0	$1,013
JEFF HOLLAND	SECRETARY	4.00	Officer Director	$1,013	$0	$1,013
RACHEL MCCARTY	CEOC	4.00	Officer Director	$1,325	$0	$1,325
RONALD CROHN	DIRECTOR	1.00	Director	$0	$0	$0
JAMES STANGER	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH VANDEVENTER	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
2024	$67,732	$36,792	$1,155,686	$30,940
2023	$861,251	$104,186	$1,102,035	$757,065

INDIANA FARM BUREAU MONROE COUNTY FARM BUREAU INC