Kent County Farm Bureau

EIN: 381292274

Grand Rapids, MI

Total Revenue
$224,657
Total Expenses
$515,264
Total Assets
$777,123
Net Assets
$774,799
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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
1947
Legal Domicile
MI
Tax Period
2023-09-01 to 2024-08-31

Kent County Farm Bureau, founded in 1947, is a small nonprofit that reported $225K in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $515K exceeded revenue, resulting in a 129% operating deficit.

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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 (2023)

Revenue Breakdown

Contributions & Grants $135,790
Program Service Revenue $0
Investment Income $70,626
Other Revenue $18,241
TOTAL REVENUE $224,657

Expense Breakdown

Grants Paid $0
Salaries & Benefits $123,862
Fundraising Expenses $0
Program Expenses $515,264
Other Expenses $391,402
TOTAL EXPENSES $515,264

Year-over-Year Comparison

2023 2022 Change
Revenue $224,657 $165,636 +0.4%
Expenses $515,264 $231,670 +1.2%
Net Income $-290,607 $-66,034 +3.4%
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
10
Independent Members
10
Employees
N/A
Volunteers
157

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
5
$122,737
Total Directors
12
$123,887
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Natalie Hart SecretaryTreasurer 40.00
Officer Director
$66,977 $0 $66,977
Gloria Hahn SecretaryTreasurer 0.00
Officer Director
$54,855 $0 $54,855
Bryan Heffron Third Member 2.00
Officer Director
$310 $0 $310
Kylee Zdunic-Rasch President 2.00
Officer Director
$310 $0 $310
Bruce Klamer Vice President 1.00
Officer Director
$285 $0 $285
Carlton Blough Director 1.00
Director
$225 $0 $225
Allan Robinette Young Farmer Rep 1.00
Director
$200 $0 $200
John Schut Director 1.00
Director
$200 $0 $200
Renee McCauley Promotion & Education Rep 1.00
Director
$200 $0 $200
Duane Rasch Director 1.00
Director
$125 $0 $125
William Hirsch Director 1.00
Director
$100 $0 $100
Aaron Phelps Director 1.00
Director
$100 $0 $100
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 $224,657 $515,264 $777,123 $-290,607
2023 $165,636 $231,670 $1,067,830 $-66,034
2022 $249,438 $152,696 $1,287,131 $96,742
2022 $178,238 $154,073 $1,133,844 $24,165
2021 $221,497 $136,292 $1,191,561 $85,205
2020 $290,044 $164,595 $1,105,160 $125,449
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