Iowa Farm Bureau Federation (EIN 420137360) - 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

1918

Legal Domicile

Principal Officer

Michael Hopper

Phone

3194725231

Tax Period

2023-01-01 to 2023-12-31

Iowa Farm Bureau Federation, founded in 1918, is a small nonprofit that reported $134K in total revenue in fiscal year 2023. Revenue fell 88% from the prior year — a significant decline worth monitoring. Net assets of $1.7M represent 152 months of operating reserves.

Mission

To create a vibrant future for agriculture, farm families and their communities.

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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 $20,165

Program Service Revenue $71,873

Investment Income $34,316

Other Revenue $8,108

TOTAL REVENUE $134,462

Expense Breakdown

Grants Paid $16,922

Salaries & Benefits $46,613

Fundraising Expenses $0

Other Expenses $83,383

TOTAL EXPENSES $146,918

Year-over-Year Comparison

	2023	2022	Change
Revenue	$134,462	$1,109,754	-0.9%
Expenses	$146,918	$124,056	+0.2%
Net Income	$-12,456	$985,698	-1.0%

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

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

$100

Total Directors

$100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Hopper	President	1.50	Officer Director	$0	$100	$100
Samantha Peterson	Vice President	1.50	Officer Director	$0	$0	$0
Matthew Werner	Secretary/Treasurer	1.50	Officer Director	$0	$0	$0
Darren Stein	Voting Delegate	1.50	Officer Director	$0	$0	$0
Shelby Williams	Former Director (10/23)	1.00	Director	$0	$0	$0
William Newton	Director	1.00	Director	$0	$0	$0
Robert Ritscher	Director	1.00	Director	$0	$0	$0
Al Schafbuch	Director	1.00	Director	$0	$0	$0
Keith Kroneman	Director	1.00	Director	$0	$0	$0
Dustin Schirm	Director	1.00	Director	$0	$0	$0
David Wrage	Director	1.00	Director	$0	$0	$0
Steve Thompson	Director	1.00	Director	$0	$0	$0
Dean Jensen	Director	1.00	Director	$0	$0	$0
Bill Kerkman	Director	1.00	Director	$0	$0	$0
Lynn Rinderknecht	Director	1.00	Director	$0	$0	$0
Mark Kotouc	Director	1.00	Director	$0	$0	$0
Devin Lansing	Director	1.00	Director	$0	$0	$0
Baily Sonka	Former Director (10/23)	1.00	Director	$0	$0	$0
Carissa Buttjer	Former Director (10/23)	1.00	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
2024	No data	No data	No data	No data
2023	$134,462	$146,918	$1,706,669	$-12,456
2022	$1,109,754	$124,056	$1,698,686	$985,698
2021	$176,438	$125,116	$740,692	$51,322
2020	$121,249	$98,926	$697,816	$22,323

Iowa Farm Bureau Federation