FARMHOUSE FRATERNITY IOWA STATE

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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

1927

Legal Domicile

Principal Officer

TRUMAN PATTERSON

Phone

7124380352

Tax Period

2024-08-01 to 2025-07-31

FARMHOUSE FRATERNITY IOWA STATE, founded in 1927, is a small nonprofit that reported $721K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

TO CREATE A COMMUNITY OF BROTHERHOOD THAT CULTIVATES THE POTENTIAL OF OUR MEMBERS, STRENGTHENS VALUES AND PROVIDES UNIQUE LEADERSHIP AND PERSONAL GROWTH OPPORTUNITIES TO BUILD EXCEPTIONAL MEN.

Program Service Accomplishments

Program 1

PROVIDED MEALS, HOUSING AND SOCIAL PROGRAMS FOR THE LOCAL SOCIAL FRATERNITY 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $704,206

Investment Income $0

Other Revenue $16,587

TOTAL REVENUE $720,793

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,256

Fundraising Expenses $0

Other Expenses $678,745

TOTAL EXPENSES $727,001

Year-over-Year Comparison

	2024	2023	Change
Revenue	$720,793	$766,615	-0.1%
Expenses	$727,001	$726,862	+0.0%
Net Income	$-6,208	$39,753	-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

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

$1,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM JOHNSON	VP FINANCE	5.00	Officer	$500	$0	$500
TRUMAN PATTERSON	PRESIDENT	5.00	Officer	$500	$0	$500
NOAH SCHULTZ	VP HOUSE OPE	5.00	Officer	$500	$0	$500
LUKE ALLAMAN	SECRETARY	N/A	Officer	$0	$0	$0
RYAN CRAWFORD	DIR OF NM ED	N/A	Officer	$0	$0	$0
ZACH SCHMITZ	VICE PRESIDE	N/A	Officer	$0	$0	$0
GRANT SOBASKI	VP RECRUITME	N/A	Officer	$0	$0	$0
IAN STRAVERS	VP ALUMNI RE	N/A	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	$720,793	$727,001	$99,957	$-6,208
2024	$766,615	$726,862	$106,165	$39,753
2023	$726,124	$736,258	$66,412	$-10,134
2022	$708,851	$718,978	$76,546	$-10,127
2021	$644,568	$648,400	$86,673	$-3,832
2020	$657,138	$593,846	$90,505	$63,292
2019	$602,769	$669,250	$27,213	$-66,481
2018	$626,996	$627,593	$93,694	$-597