IOWA FARM BUREAU FEDERATION (EIN 420331840) - 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

MARTY SCHWAGER

Phone

5152255400

Tax Period

2023-11-01 to 2024-10-31

IOWA FARM BUREAU FEDERATION, founded in 1918, is a mid-sized nonprofit that reported $49.5M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $15.1M, a strong 30% operating margin.

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 $128,567

Program Service Revenue $7,395,746

Investment Income $32,359,104

Other Revenue $9,638,403

TOTAL REVENUE $49,521,820

Expense Breakdown

Grants Paid $2,807,387

Salaries & Benefits $8,281,843

Fundraising Expenses $0

Other Expenses $23,325,030

TOTAL EXPENSES $34,458,009

Year-over-Year Comparison

	2023	2022	Change
Revenue	$49,521,820	$65,263,992	-0.2%
Expenses	$34,458,009	$79,625,467	-0.6%
Net Income	$15,063,811	$-14,361,475	-2.0%

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

N/A

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

$4,946,910

Total Directors

$993,129

Key Employees

$1,346,222

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY BRINCKS	DISTRICT 1 DIRECTOR	18.00	Director	$55,749	$0	$55,749
ANDY HILL	DISTRICT 2 DIRECTOR	18.00	Director	$52,950	$0	$52,950
MATT SCHUITEMAN	DISTRICT 3 DIRECTOR	18.00	Director	$60,800	$0	$60,800
BRENT JOHNSON	PRESIDENT	20.00	Officer Director	$0	$40,473	$415,751
JOE DIERICKX	DISTRICT 6 DIRECTOR	18.00	Director	$55,064	$0	$55,064
RICK PLOWMAN	DISTRICT 7 DIRECTOR	18.00	Director	$54,895	$0	$54,895
TIM KALDENBERG	DISTRICT 8 DIRECTOR	18.00	Director	$52,498	$0	$52,498
WILL FRAZEE	DISTRICT 9 DIRECTOR	18.00	Director	$69,520	$0	$69,520
BRIAN FELDPAUSCH	VICE PRESIDENT	18.00	Director	$74,267	$0	$74,267
SHARYL BRUNING	DISTRICT 4 DIRECTOR	18.00	Director	$50,397	$0	$50,397
ALLEN BURT	DISTRICT 5 DIRECTOR	18.00	Director	$51,238	$0	$51,238
JAMES GARDNER	FORMER CHIEF FINANCIAL OFFICER	30.00	Officer	$0	$1,988,551	$2,479,890
MARTY SCHWAGER	EXECUTIVE DIRECTOR/SECRETA	20.00	Officer	$0	$364,444	$1,095,919
MARK WICKHAM	GENERAL COUNSEL	30.00	Officer	$0	$71,943	$664,373
TIMOTHY BIGLEY	CHIEF FINANCIAL OFFICER	30.00	Officer	$0	$70,048	$290,977
CHAD BISHOP	DIRECTOR, INFORMATION RESO	25.00	Key Emp	$0	$44,104	$339,086
SARA PAYNE	CHIEF MKTG & COMMUNICATION	40.00	Key Emp	$0	$48,318	$489,336
RYAN STEINFELDT	DIRECTOR, FIELD SERVICE	40.00	Key Emp	$0	$39,705	$257,427
MATT STEINFELDT	DIRECTOR, GOVERNMENT RELAT	38.00	Key Emp	$0	$29,506	$260,373
KARL OLSON	ASSISTANT GENERAL COUNSEL	20.00	Highest	$0	$99,370	$390,643
DANA ARDARY	MARKETING MANAGER	40.00	Highest	$202,067	$24,670	$226,737
ALEX MONTZ	VP ASSISTANT GENERAL COUNSEL	20.00	Highest	$0	$40,154	$275,626
CHRISTINA GRUENHAGEN	SR GOVERNMENT RELATIONS COUNSEL	40.00	Highest	$200,328	$1,139,623	$1,339,951
ERIN SWALWELL	SR COUNSEL ADVANCED MARKETS	20.00	Highest	$0	$31,505	$218,500
EDWARD PARKER	FORMER GENERAL COUNSEL	0.00		$0	$10,961	$124,347

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	$49,521,820	$34,458,009	$1,848,760,628	$15,063,811
2023	$65,263,992	$79,625,467	$1,712,183,129	$-14,361,475
2022	$69,379,179	$36,145,043	$1,721,496,861	$33,234,136
2021	$117,381,320	$30,529,965	$1,817,745,146	$86,851,355
2020	$86,995,533	$56,392,802	$1,514,260,280	$30,602,731
2019	$97,485,677	$39,048,404	$1,612,075,235	$58,437,273
2018	$116,207,347	$36,162,020	$1,689,946,955	$80,045,327

IOWA FARM BUREAU FEDERATION