Indiana Farm Bureau Marion County … - 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

1939

Legal Domicile

Principal Officer

Steve Hamilton

Phone

3176927851

Tax Period

2023-01-01 to 2023-12-31

Indiana Farm Bureau Marion County Farm Bureau Inc, founded in 1939, is a small nonprofit that reported $138K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $50K, a strong 36% operating margin.

Mission

Represent the farmers voice on issues related to agriculture, educate the consumer and promote farm products, keep members abreast of policies and new developments.

Program Service Accomplishments

Program 1

In order to engage youth in agriculture, we arrange farm tours for local elementary students where they can experience a working dairy farm.

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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 $91,241

Program Service Revenue $0

Investment Income $46,327

Other Revenue $838

TOTAL REVENUE $138,406

Expense Breakdown

Grants Paid $27,106

Salaries & Benefits $14,234

Fundraising Expenses $0

Other Expenses $47,225

TOTAL EXPENSES $88,565

Year-over-Year Comparison

	2023	2022	Change
Revenue	$138,406	$114,802	+0.2%
Expenses	$88,565	$87,969	+0.0%
Net Income	$49,841	$26,833	+0.9%

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

$6,350

Total Directors

$11,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jack Haefling	President and Director	005.00	Officer Director	$3,050	$0	$3,050
Steve Hamilton	Treasurer and Director	003.00	Officer Director	$3,050	$0	$3,050
Bruce Bye	Director	001.00	Director	$2,050	$0	$2,050
Doug Pond	Director	001.00	Director	$2,000	$0	$2,000
Shellye Suttles	Director	001.00	Director	$450	$0	$450
Brooke Alford	Director	001.00	Director	$400	$0	$400
Aster Bekele	Director	001.00	Director	$350	$0	$350
Raymond Allison	Education and Outreach Coordinator and Director	004.00	Officer Director	$250	$0	$250
Kim Vail	Director	001.00	Director	$0	$0	$0
Ryan Westerfeld	Director	001.00	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	$138,406	$88,565	$1,054,010	$49,841
2022	$114,802	$87,969	$1,004,169	$26,833
2021	$123,232	$51,785	$977,336	$71,447
2020	$129,215	$79,302	$905,889	$49,913
2019	$142,538	$104,064	$855,976	$38,474
2018	$92,618	$95,995	$817,502	$-3,377

Indiana Farm Bureau Marion County Farm Bureau Inc