FARMHOUSE FRATERNITY ILLINOIS FARMHOUSE ASSOCIATION INC (EIN 376047710) - 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

1923

Legal Domicile

Principal Officer

GARY LUTH

Tax Period

2023-09-01 to 2024-08-31

FARMHOUSE FRATERNITY ILLINOIS FARMHOUSE ASSOCIATION INC, founded in 1923, is a small nonprofit in the Education sector that reported $180K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Net assets of $688K represent 46 months of operating reserves.

Mission

PROVIDE ALUMNI WITH NEWS AND ACTIVITIES AND PROVIDE ACTIVE LOCAL CHAPTER WITH HOUSING FOR ACTIVE MEMBERS

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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 $145,001

Investment Income $5,279

Other Revenue $29,619

TOTAL REVENUE $179,899

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $174,788

TOTAL EXPENSES $174,788

Year-over-Year Comparison

	2023	2022	Change
Revenue	$179,899	$163,588	+0.1%
Expenses	$174,788	$188,869	-0.1%
Net Income	$5,111	$-25,281	-1.2%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE FRANK	President	1.00	Officer	$0	$0	$0
DAVID RANDALL	Vice President	1.00	Officer	$0	$0	$0
GARY LUTH	Treasurer	1.00	Officer	$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	No data	No data	No data	No data
2024	$179,899	$174,788	$743,886	$5,111
2023	$163,588	$188,869	$717,451	$-25,281
2022	$121,017	$163,076	$742,732	$-42,059
2021	$106,797	$111,177	$784,791	$-4,380
2020	$78,190	$314,914	$789,171	$-236,724

FARMHOUSE FRATERNITY ILLINOIS FARMHOUSE ASSOCIATION INC