FUTURE FARMERS OF AMERICA - MICHIGAN FFA (EIN 386080004) - 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

1929

Legal Domicile

Principal Officer

MARK FORBUSH

Phone

5173539221

Tax Period

2024-07-01 to 2025-06-30

FUTURE FARMERS OF AMERICA - MICHIGAN FFA, founded in 1929, is a small nonprofit in the Youth Development sector that reported $701K in total revenue in fiscal year 2024. Expenses of $634K left a modest 10% surplus.

Mission

DEVELOPMENT OF LEADERSHIP SKILLS FOR STUDENTS ENROLLED IN AGRICULTURE, FOOD AND NATURAL RESOURCE EDUCATION.

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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 $701,150

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $701,150

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,127

Fundraising Expenses $0

Program Expenses $633,783

Other Expenses $601,656

TOTAL EXPENSES $633,783

Year-over-Year Comparison

	2024	2023	Change
Revenue	$701,150	$661,819	+0.1%
Expenses	$633,783	$620,740	+0.0%
Net Income	$67,367	$41,079	+0.6%

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

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
HUNTER BOGNAR	STATE PRESIDENT	4.00	Officer	$0	$0	$0
SARA DAMMANN	STATE VICE PRESIDENT	4.00	Officer	$0	$0	$0
ADDISON VAN DE MOORTEL	STATE SECRETARY	4.00	Officer	$0	$0	$0
SOPHIA BARNUM	STATE TREASURER	4.00	Officer	$0	$0	$0
LANDON UMLOR	STATE REPORTER	4.00	Officer	$0	$0	$0
LOGAN BOWERS	REGION I STATE VICE PRESIDENT	4.00	Officer	$0	$0	$0
GRETCHEN GAUTZ	REGION II STATE VICE PRESIDENT	4.00	Officer	$0	$0	$0
NICOLE HOLLABAUGH	REGION III STATE VICE PRESIDENT	4.00	Officer	$0	$0	$0
DORI STUEVER	REGION IV STATE VICE PRESIDENT	4.00	Officer	$0	$0	$0
HANNAH OSTERINK	REGION V STATE VICE PRESIDENT	4.00	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	$701,150	$633,783	$590,707	$67,367
2024	$661,819	$620,740	$523,340	$41,079
2023	$736,886	$673,124	$482,261	$63,762
2022	$623,740	$491,386	$418,499	$132,354
2021	$350,750	$190,140	$286,145	$160,610
2020	$531,908	$450,720	$125,535	$81,188
2019	$568,300	$544,546	$44,347	$23,754

FUTURE FARMERS OF AMERICA - MICHIGAN FFA