ILLINOIS FARM BUSINESS FARM MANAGEMENT ASSOCIATION (EIN 376046462) - 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

1969

Legal Domicile

Principal Officer

SCOTT NEWPORT

Phone

2173335511

Tax Period

2024-07-01 to 2025-06-30

ILLINOIS FARM BUSINESS FARM MANAGEMENT ASSOCIATION, founded in 1969, is a mid-sized nonprofit that reported $20.6M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TEACHING BUSINESS ANALYSIS AND ACCOUNTING SKILLS TO FARM OPERATORS.

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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 $0

Program Service Revenue $20,312,458

Investment Income $242,268

Other Revenue $47,373

TOTAL REVENUE $20,602,099

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,126,821

Fundraising Expenses $0

Other Expenses $4,435,275

TOTAL EXPENSES $20,562,096

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,602,099	$18,845,423	+0.1%
Expenses	$20,562,096	$18,245,342	+0.1%
Net Income	$40,003	$600,081	-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

276

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

$454,834

Total Directors

$70,002

Key Employees

$396,630

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON PIERSON	PRESIDENT	2.00	Officer Director	$9,686	$0	$9,686
LAURA LONGEVILLE	DIRECTOR	1.00	Director	$5,300	$0	$5,300
MIKE CUNNINGHAM	SECRETARY	1.00	Officer Director	$6,217	$0	$6,217
JOHN ROBINSON	DIRECTOR	1.00	Director	$3,855	$0	$3,855
BRYAN FESSER	DIRECTOR	1.00	Director	$4,075	$0	$4,075
TOM CONNORS	VICE PRESIDENT	1.00	Officer Director	$8,244	$0	$8,244
ALVIN BARROW	DIRECTOR	1.00	Director	$6,874	$0	$6,874
CARRIE MUEHLING VOGEL	DIRECTOR	1.00	Director	$7,028	$0	$7,028
JIM SPRADLIN	DIRECTOR	1.00	Director	$7,097	$0	$7,097
CHRIS URISH	DIRECTOR	1.00	Director	$4,905	$0	$4,905
DWIGHT BOHLEN	DIRECTOR	1.00	Director	$4,560	$0	$4,560
LEE ELLIOTT	DIRECTOR	1.00	Director	$2,161	$0	$2,161
BRAD ZWILLING	TREASURER	40.00	Officer	$146,759	$26,842	$173,601
SCOTT NEWPORT	CHIEF EXECUTIVE OFFICER	40.00	Officer	$223,310	$33,776	$257,086
DAVID YANDELL	REGIONAL VP	40.00	Key Emp	$184,504	$28,662	$213,166
ROBERTA BOARMAN	REGIONAL VP	40.00	Key Emp	$157,089	$26,375	$183,464
BOB RHEA	ADVISOR	40.00	Highest	$212,400	$32,211	$244,611
JAMES MCCABE	FIELD STAFF	40.00	Highest	$162,804	$7,958	$170,762
JOHN HUDSON	FIELD STAFF	40.00	Highest	$173,447	$27,006	$200,453
JEFF JOHNSON	FIELD STAFF	40.00	Highest	$142,369	$12,859	$155,228
CODY STEWART	VP FINANCE	40.00	Highest	$183,658	$29,930	$213,588

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	$20,602,099	$20,562,096	$16,911,758	$40,003
2024	$18,845,423	$18,245,342	$17,202,842	$600,081
2023	$17,094,430	$16,384,148	$16,138,094	$710,282
2022	$17,210,382	$14,320,361	$14,213,346	$2,890,021
2021	$15,163,165	$13,401,536	$13,036,050	$1,761,629
2020	$12,496,673	$12,098,380	$9,176,943	$398,293
2019	$11,642,944	$11,745,349	$8,909,428	$-102,405
2018	$10,613,117	$5,579,010	$8,570,560	$5,034,107

ILLINOIS FARM BUSINESS FARM MANAGEMENT ASSOCIATION