LEE COUNTY FARM BUREAU

EIN: 361374085

AMBOY, IL

Total Revenue
$336,903
Total Expenses
$233,673
Total Assets
$895,795
Net Assets
$858,387
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1921
Legal Domicile
IL
Principal Officer
ADAM HENKEL
Phone
8158573531
Tax Period
2024-09-01 to 2025-08-31

LEE COUNTY FARM BUREAU, founded in 1921, is a small nonprofit that reported $337K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $103K, a strong 31% operating margin.

Mission

TO BE A POSITIVE VOICE FOR AGRICULTURE THROUGH LEADERSHIP AND EDUCATION TO IMPROVE THE QUALITY OF LIFE AND ECONOMIC WELL-BEING OF OUR MEMBERS AND COMMUNITY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $153,398
Program Service Revenue $40,146
Investment Income $25,114
Other Revenue $118,245
TOTAL REVENUE $336,903

Expense Breakdown

Grants Paid $1,610
Salaries & Benefits $77,135
Fundraising Expenses $0
Other Expenses $154,928
TOTAL EXPENSES $233,673

Year-over-Year Comparison

2024 2023 Change
Revenue $336,903 $297,366 +0.1%
Expenses $233,673 $236,516 0.0%
Net Income $103,230 $60,850 +0.7%
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

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Governance

Voting Members
13
Independent Members
13
Employees
3
Volunteers
45

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
$52,284
Total Directors
13
$2,775
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM HENKEL PRESIDENT 1.00
Officer Director
$1,025 $0 $1,025
DAVID GORMAN VICE-PRESIDENT 1.00
Officer Director
$150 $0 $150
KYLE SHEAFFER SECRETARY 1.00
Officer Director
$150 $0 $150
MIKE MEUSEL TREASURER 1.00
Officer Director
$200 $0 $200
EMILY PRATT DIRECTOR 1.00
Director
$125 $0 $125
TYLER BURKE DIRECTOR 1.00
Director
$150 $0 $150
MATT SCHOENHOLZ DIRECTOR 1.00
Director
$225 $0 $225
SHANE HUSSEY DIRECTOR 1.00
Director
$125 $0 $125
LEONARD SHEAFFER DIRECTOR 1.00
Director
$125 $0 $125
LUKE WELCH DIRECTOR 1.00
Director
$125 $0 $125
ALLYN BUHROW DIRECTOR 1.00
Director
$25 $0 $25
JOSHUA KANT DIRECTOR 1.00
Director
$225 $0 $225
MELLISA MCMILLAN DIRECTOR 1.00
Director
$125 $0 $125
ASHLEIGH ERBES MANAGER 40.00
Officer
$50,196 $563 $50,759
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 $336,903 $233,673 $895,795 $103,230
2024 $297,366 $236,516 $774,187 $60,850
2023 $289,187 $242,266 $693,776 $46,921
2022 $323,019 $274,790 $634,637 $48,229
2021 $270,148 $237,176 $692,684 $32,972
2020 $246,040 $220,780 $628,052 $25,260
2019 $230,125 $235,768 $609,011 $-5,643
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