CARROLL COUNTY FARM BUREAU (EIN 362165031) - 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

1919

Legal Domicile

Principal Officer

BRAD SMITH

Phone

8152443001

Tax Period

2024-09-01 to 2025-08-31

CARROLL COUNTY FARM BUREAU, founded in 1919, is a small nonprofit that reported $328K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $124K, a strong 38% operating margin.

Mission

CONTINUE TO ENHANCE AGRICULTURE AND THE QUALITY OF LIFE IN OUR COUNTY THROUGH EDUCATION, INVOLVEMENT, AND LEADERSHIP. THIS MEANS WE WILL DO WHAT WE CAN TO HELP OUR FARMERS SUCCEED IN THEIR BUSINESS ALONG WITH WORKING TO IMPROVE LIFE IN OUR COUNTY.

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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 $155,287

Program Service Revenue $1,053

Investment Income $45,238

Other Revenue $126,251

TOTAL REVENUE $327,829

Expense Breakdown

Grants Paid $33,354

Salaries & Benefits $53,919

Fundraising Expenses $9,011

Other Expenses $116,312

TOTAL EXPENSES $203,585

Year-over-Year Comparison

	2024	2023	Change
Revenue	$327,829	$247,860	+0.3%
Expenses	$203,585	$186,538	+0.1%
Net Income	$124,244	$61,322	+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

$1,074

Total Directors

$3,477

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD SMITH	PRESIDENT	1.00	Officer Director	$0	$322	$322
NATHAN WIERSEMA	VICE PRESIDE	1.00	Officer Director	$0	$302	$302
ED LIVENGOOD	TREASURER	1.00	Officer Director	$0	$117	$117
KEITH RATH	SECRETARY	1.00	Officer Director	$0	$333	$333
ALLEN DERRER	DIRECTOR	1.00	Director	$0	$340	$340
JEREMY FLIKKEMA	DIRECTOR	1.00	Director	$0	$174	$174
LEO GELWICKS	DIRECTOR	1.00	Director	$0	$145	$145
DAN LAMOREUX	DIRECTOR	1.00	Director	$0	$331	$331
JON LOWER	DIRECTOR	1.00	Director	$0	$146	$146
RYAN STONER	DIRECTOR	1.00	Director	$0	$228	$228
JASON VOS	DIRECTOR	1.00	Director	$0	$356	$356
KARA DURWARD	DIRECTOR	1.00	Director	$0	$198	$198
JON MEADE	DIRECTOR	1.00	Director	$0	$259	$259
AUSTIN SCHRINER	DIRECTOR	1.00	Director	$0	$226	$226

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	$327,829	$203,585	$1,370,796	$124,244
2024	$247,860	$186,538	$1,217,896	$61,322
2023	$259,060	$213,614	$1,126,545	$45,446
2022	$202,569	$176,515	$1,063,016	$26,054
2021	$191,221	$165,236	$1,081,272	$25,985
2020	$201,915	$171,135	$994,093	$30,780
2019	$188,174	$174,017	$959,140	$14,157

CARROLL COUNTY FARM BUREAU