CROP INSURANCE AND REINSURANCE BUR… - Form 990 Financial Data

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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

1964

Legal Domicile

Principal Officer

MICHAEL TORREY

Phone

2025445084

Tax Period

2024-10-01 to 2025-09-30

CROP INSURANCE AND REINSURANCE BUREAU INC, founded in 1964, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Expenses of $1.2M left a modest 9% surplus.

Mission

CIRB REPRESENTS THE CROP INSURANCE AND REINSURANCE COMMUNITY IN WASHINGTON, D.C. AND WORKS COOPERATIVELY WITH OTHER STAKEHOLDERS TO PRESERVE THE FARM SAFETY NET. CIRB PROVIDES EDUCATIONAL SUPPORT TO ITS MEMBERS AND ENSURES DECISION MAKERS IN CONGRESS AND REGULATORY AGENCIES UNDERSTAND THE IMPORTANCE OF A STRONG CROP INSURANCE PROGRAM.

Program Service Accomplishments

Program 1

EXECUTIVE COMMITTEE MEETINGS TO PROVIDE STRATEGIC GUIDANCE FOR THE ORGANIZATION'S FEDERAL AFFAIRS OBJECTIVES, COMMUNICATIONS, EDUCATIONAL ACTIVITIES, AND INTERNAL OPERATIONS.

Program 2

CIRB ANNUAL MEETING FOR THE PURPOSE OF EDUCATING ATTENDEES ON TOPICS IMPACTING CROP INSURANCE, ELECTING BOARD MEMBERS AND OFFICERS, UPDATING THE MEMBERSHIP ON THE STATUS OF THE ORGANIZATION, AND...

CIRB ANNUAL MEETING FOR THE PURPOSE OF EDUCATING ATTENDEES ON TOPICS IMPACTING CROP INSURANCE, ELECTING BOARD MEMBERS AND OFFICERS, UPDATING THE MEMBERSHIP ON THE STATUS OF THE ORGANIZATION, AND PLANNING FOR THE NEXT YEAR.

Program 3

COMMUNICATIONS OUTREACH, INCLUDING WEBSITE AND LEGISLATIVE ACTION CENTER MAINTENANCE, WEEKLY WASHINGTON REPORT NEWLETTER AND OTHER MEMBER COMMUNICATIONS, AND PRESS RELEASE DISTRIBUTION.

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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 $0

Program Service Revenue $1,224,640

Investment Income $69,469

Other Revenue $0

TOTAL REVENUE $1,294,109

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,183,642

TOTAL EXPENSES $1,183,642

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,294,109	$1,226,815	+0.1%
Expenses	$1,183,642	$1,150,104	+0.0%
Net Income	$110,467	$76,711	+0.4%

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

N/A

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
ANDY CARUSO	EXEC COM MBR	1.00	Director	$0	$0	$0
BILL FISCHER	EXEC COM MBR	1.00	Director	$0	$0	$0
DALYNN HOCH	EXEC COM MBR	1.00	Director	$0	$0	$0
JIM KONSTANTY	EXEC COM MBR	1.00	Director	$0	$0	$0
BRAD LEIGHTON	EXEC COM MBR	1.00	Director	$0	$0	$0
CARMEN MESCHER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MATT OLSEN	EXEC COM MBR	1.00	Director	$0	$0	$0
DAVE OTT	EXEC COM MBR	1.00	Director	$0	$0	$0
LINDSEY RINKENBERGER	CHAIR	1.00	Officer Director	$0	$0	$0
SHANNON RUTLEDGE	TREASURER	1.00	Officer Director	$0	$0	$0
JEFF SVENNES	EXEC COM MBR	1.00	Director	$0	$0	$0
BRIAN YOUNG	PAST CHAIR	1.00	Officer Director	$0	$0	$0
KURT HENKE	SECRETARY	1.00	Officer	$0	$0	$0
MICHAEL TORREY	EXECUTIVE VP	2.00	Officer	$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	$1,294,109	$1,183,642	$2,339,793	$110,467
2024	$1,226,815	$1,150,104	$1,757,313	$76,711
2023	$1,154,670	$1,131,480	$1,556,727	$23,190
2022	$1,005,812	$1,029,913	$1,852,050	$-24,101
2021	$941,636	$915,109	$1,877,266	$26,527
2020	$1,057,128	$1,007,349	$1,829,745	$49,779
2019	$1,041,527	$1,013,977	$1,534,217	$27,550
2018	$988,712	$966,988	$1,657,153	$21,724

CROP INSURANCE AND REINSURANCE BUREAU INC