Iowa Farm Bureau Federation (EIN 420168070) - 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

1917

Legal Domicile

Phone

6416222310

Tax Period

2024-01-01 to 2024-12-31

Iowa Farm Bureau Federation, founded in 1917, is a small nonprofit that reported $112K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $99K left a modest 12% surplus.

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 (2024)

Revenue Breakdown

Contributions & Grants $16,593

Program Service Revenue $40,950

Investment Income $30,537

Other Revenue $24,391

TOTAL REVENUE $112,471

Expense Breakdown

Grants Paid $1,914

Salaries & Benefits $44,446

Fundraising Expenses $0

Other Expenses $53,132

TOTAL EXPENSES $99,492

Year-over-Year Comparison

	2024	2023	Change
Revenue	$112,471	$86,710	+0.3%
Expenses	$99,492	$75,438	+0.3%
Net Income	$12,979	$11,272	+0.2%

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

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

$725

Total Directors

$1,925

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Armstrong	President	1.50	Officer Director	$0	$200	$200
Nathan Fritchen	Vice President	1.50	Officer Director	$0	$175	$175
Patty Grover	Secretary	1.50	Officer Director	$0	$150	$150
Scott Leathers	Treasurer	1.50	Officer Director	$0	$150	$150
Sarah Wood	Voting Delegate	1.50	Officer Director	$0	$50	$50
Dawson Baumert	Director	1.00	Director	$0	$125	$125
Bryan Coffman	Director (11/24)	1.00	Director	$0	$25	$25
Cody Dumont	Director	1.00	Director	$0	$175	$175
Noah Hahn	Director	1.00	Director	$0	$150	$150
Debbie Hinnah	Director	1.00	Director	$0	$100	$100
Jeff Hinnah	Director	1.00	Director	$0	$150	$150
Ray Klein	Director	1.00	Director	$0	$200	$200
Kyle Leer	Director	1.00	Director	$0	$50	$50
Will Luers	Director	1.00	Director	$0	$50	$50
Ryan Vogel	Director	1.00	Director	$0	$150	$150
David Weber	Director (11/24)	1.00	Director	$0	$0	$0
Nathan Wood	Director	1.00	Director	$0	$0	$0
Benjamin Zehr	Director	1.00	Director	$0	$25	$25
Johannah Neff	Former Director (10/24)	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	$112,471	$99,492	$1,252,631	$12,979
2023	$86,710	$75,438	$1,237,253	$11,272
2022	$1,085,257	$80,669	$1,215,616	$1,004,588

Iowa Farm Bureau Federation