KNOX COUNTY FARM BUREAU

EIN: 370667480

GALESBURG, IL

Total Revenue
$264,208
Total Expenses
$267,366
Total Assets
$961,816
Net Assets
$923,257
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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
1920
Legal Domicile
IL
Principal Officer
Drew DeSutter
Phone
3092588820
Tax Period
2024-12-01 to 2025-11-30

KNOX COUNTY FARM BUREAU, founded in 1920, is a small nonprofit that reported $264K in total revenue in fiscal year 2024. Net assets of $923K represent 42 months of operating reserves.

Mission

PROMOTE THE UNDERSTANDING OF AGRICULTURE IN OUR COMMUNITY TO IMPROVE THE PROFITABILITY OF FARMERS AND ENRICH THE QUALITY OF LIFE IN KNOX 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $128,989
Program Service Revenue $0
Investment Income $-4,896
Other Revenue $140,115
TOTAL REVENUE $264,208

Expense Breakdown

Grants Paid $0
Salaries & Benefits $128,110
Fundraising Expenses $0
Program Expenses $0
Other Expenses $139,256
TOTAL EXPENSES $267,366

Year-over-Year Comparison

2024 2023 Change
Revenue $264,208 $260,412 +0.0%
Expenses $267,366 $275,894 0.0%
Net Income $-3,158 $-15,482 -0.8%
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
779
Independent Members
18
Employees
4
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
4
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DREW DESUTTER PRESIDENT 0.00
Officer Director
$0 $0 $0
PHILIP GOEDEKE VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
JENNIFER BEARD TREASURER 0.00
Officer Director
$0 $0 $0
LORI ENGEL SECRETARY 0.00
Officer Director
$0 $0 $0
DUSTIN COURSON DIRECTOR 0.00
Director
$0 $0 $0
JASON BOLLIVAR DIRECTOR 0.00
Director
$0 $0 $0
TIM EAGLE DIRECTOR 0.00
Director
$0 $0 $0
KURT EMKEN DIRECTOR 0.00
Director
$0 $0 $0
ROB EMMONS DIRECTOR 0.00
Director
$0 $0 $0
DAN ERICKSON DIRECTOR 0.00
Director
$0 $0 $0
MICHELLE ERICKSON DIRECTOR 0.00
Director
$0 $0 $0
JEFF GRADY DIRECTOR 0.00
Director
$0 $0 $0
AARON LINK DIRECTOR 0.00
Director
$0 $0 $0
CORY LINK DIRECTOR 0.00
Director
$0 $0 $0
JASON MAIN DIRECTOR 0.00
Director
$0 $0 $0
BRIAN NELSON DIRECTOR 0.00
Director
$0 $0 $0
JOEL MCCORMICK DIRECTOR 0.00
Director
$0 $0 $0
KYLE UNDERWOOD DIRECTOR 0.00
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
2025 $264,208 $267,366 $961,816 $-3,158
2024 $260,412 $275,894 $880,740 $-15,482
2023 $238,088 $261,955 $811,806 $-23,867
2022 $220,331 $235,115 $788,717 $-14,784
2021 $208,839 $194,581 $874,251 $14,258
2020 $220,937 $189,425 $820,047 $31,512
2019 $227,773 $211,214 $777,545 $16,559
2018 $210,294 $226,290 $730,495 $-15,996
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