MADISON COUNTY FARM BUREAU (EIN 370396163) - 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

1921

Legal Domicile

Principal Officer

ERIC DEMANGE

Phone

6186565191

Tax Period

2023-10-01 to 2024-09-30

MADISON COUNTY FARM BUREAU, founded in 1921, is a small nonprofit that reported $972K in total revenue in fiscal year 2023. Revenue surged 99% from the prior year, signaling strong growth momentum. The organization ran a surplus of $539K, a strong 55% operating margin.

Mission

TO IMPROVE THE ECONOMIC WELL-BEING OF AGRICULTURE AND ENRICH THE QUALITY OF FARM FAMILY LIFE.

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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 $0

Program Service Revenue $167,270

Investment Income $40,263

Other Revenue $764,936

TOTAL REVENUE $972,469

Expense Breakdown

Grants Paid $24,335

Salaries & Benefits $91,326

Fundraising Expenses $0

Other Expenses $318,192

TOTAL EXPENSES $433,853

Year-over-Year Comparison

	2023	2022	Change
Revenue	$972,469	$488,577	+1.0%
Expenses	$433,853	$319,471	+0.4%
Net Income	$538,616	$169,106	+2.2%

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

$71,677

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC DEMANGE	PRESIDENT	1.00	Officer Director	$0	$0	$0
HEATHER HENKHAUS	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
DENNIS HEEPKE	SECRETARY	1.00	Officer Director	$0	$0	$0
NICK KOELLER	TREASURER	1.00	Officer Director	$0	$0	$0
KENNY ENGELING	DIRECTOR	1.00	Director	$0	$0	$0
BOB GVILLO	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN GROTEFENDT	DIRECTOR	1.00	Director	$0	$0	$0
MARK HELMER	DIRECTOR	1.00	Director	$0	$0	$0
ROSS HEMANN	DIRECTOR	1.00	Director	$0	$0	$0
MELVIN PAUL	DIRECTOR	1.00	Director	$0	$0	$0
TIM POLETTI	DIRECTOR	1.00	Director	$0	$0	$0
BRAD DORSEY	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SCHOEN	DIRECTOR	1.00	Director	$0	$0	$0
ROSS HEEPKE	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH WIESEMAN	DIRECTOR	1.00	Director	$0	$0	$0
JASON BOHNENSTIEHL	DIRECTOR	1.00	Director	$0	$0	$0
JOSH BOHNENSTIEHL	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SEDLACEK	DIRECTOR	1.00	Director	$0	$0	$0
NIC GVILLO	DIRECTOR	1.00	Director	$0	$0	$0
PAIGE DURHAM	MANAGER	40.00	Officer	$71,677	$0	$71,677

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
2024	$972,469	$433,853	$3,367,320	$538,616
2023	$488,577	$319,471	$2,634,750	$169,106
2022	$303,720	$409,744	$2,151,621	$-106,024
2021	$434,657	$361,366	$1,534,167	$73,291
2020	$466,294	$427,704	$1,444,429	$38,590
2019	$464,254	$437,194	$1,423,767	$27,060
2018	$454,797	$455,927	$1,406,432	$-1,130

MADISON COUNTY FARM BUREAU