IOWA FARM BUREAU FEDERATION

EIN: 420331840

WEST DES MOINES, IA

Total Revenue
$49,521,820
Total Expenses
$34,458,009
Total Assets
$1,848,760,628
Net Assets
$1,824,017,214
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1918
Legal Domicile
IA
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.

Program Service Accomplishments

Program 1

MARKETING AND COMMUNICATIONS - NEWS SERVICE ISSUES THE WEEKLY PUBLICATION, IOWA FARM BUREAU SPOKESMAN, WHICH IS THE PRIMARY COMMUNICATIONS VEHICLE BETWEEN STATE AND COUNTY LEADERS AND FARMING MEMBERS...

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MARKETING AND COMMUNICATIONS - NEWS SERVICE ISSUES THE WEEKLY PUBLICATION, IOWA FARM BUREAU SPOKESMAN, WHICH IS THE PRIMARY COMMUNICATIONS VEHICLE BETWEEN STATE AND COUNTY LEADERS AND FARMING MEMBERS PROVIDING REPORTS ON FARM BUREAU POLICY IMPLEMENTATION AND REGULATORY ISSUES AS WELL AS STATE, NATIONAL AND INTERNATIONAL AGRICULTURE NEWS. ALSO PUBLISHED IS A BI-MONTHLY MAGAZINE, FAMILY LIVING, DISTRIBUTED TO AG-SUPPORTING MEMBERS. APPROXIMATELY 130,000 MEMBERS BENEFITED FROM BOTH PUBLICATIONS. ADDITIONALLY, A WEEKLY E-NEWSLETTER FOR MEMBER LEADERS, THE DIRT, IS ALSO PUBLISHED BY NEWS SERVICES BENEFITTING OVER 900 MEMBERS EACH WEEK. THE SPOKESMAN SPEAKS IS A FARMER-FOCUSED PODCAST THAT HAS OVER 70,000 UNIQUE DOWNLOADS ON USEFUL FARM TRENDS AND TIPS SINCE ITS INCEPTION. THE TEAM ALSO PRODUCES A SEMI-ANNUAL CONSUMER E-NEWSLETTER, THE IOWA DISH, WITH A SUBSCRIBER BASE OF MORE THAN 79,000 SUBSCRIBERS FEATURING FARM AND FOOD NEWS. MARKETING FOCUSES ON MEMBER RETENTION AND ACQUISITION THROUGH VARIOUS MEDIUMS INCLUDING VIDEO, ADVERTISING, PRINT, RADIO, MULTI-MEDIA AND WEB MARKETING. THE TEAM MARKETS FARM BUREAU BENEFITS, SERVICES, POLICY POSITIONS AND PROGRAMS TO THE MEMBERSHIP AS WELL AS THE PUBLIC AND OVERSEES THE ORGANIZATION'S BRAND. THEY ALSO MANAGE RELATIONSHIPS WITH MEMBER BENEFIT PARTNERS AND COORDINATE PARTNER PROMOTIONS. KEY EVENTS INCLUDE THE IOWA STATE FAIR, FFA, OUTREACH EFFORTS WITH THE UNIVERSITY OF IOWA THROUGH OUR ANF PARTNERSHIP AND IOWA STATE UNIVERSITY THROUGH OUR FARM STRONG PARTNERSHIP, AMONG NUMEROUS OTHER PARTNERSHIPS. COMBINED, PARTNER PROMOTIONS REACHED OVER TWO MILLION CONSUMERS WITH FARMING AND FARM BUREAU INFORMATION. PUBLIC RELATIONS STRATEGICALLY COMMUNICATES FARM BUREAU POLICY AND AGRICULTURAL ISSUES TO KEY ORGANIZATIONAL STAKEHOLDERS, INCLUDING: MEMBERS, EMPLOYEES, ELECTED LEADERS, MEMBERS OF THE NEWS MEDIA, INFLUENCERS AND THE GENERAL PUBLIC. THE TEAM CONDUCTS MESSAGE, MEDIA AND COMMUNICATIONS TRAINING FOR MEMBERS, TRAINING OVER 120 LAST YEAR. THE TEAM ALSO MANAGED MEDIA RELATION EFFORTS, COORDINATING 207 MEDIA INTERVIEWS RESULTING IN NEARLY 1,767 PLACEMENTS WITH A REACH OF OVER 15 MILLION. THE DIGITAL MARKETING DEPARTMENT PROVIDES STRATEGIC OUTREACH THROUGH ONLINE (WEB-BASED) AND SOCIAL MEDIA PLATFORMS (FACEBOOK, INSTAGRAM, TWITTER, SNAPCHAT, ETC.) TO ENGAGE, DEVELOP, MAINTAIN AND EXPAND RELEVANT AND IMPACTFUL DIALOGUES WITH KEY AUDIENCES. OVER 156,000 MEMBERS BENEFITED FROM THESE PROGRAMS.

Program 2

FIELD SERVICE - WORK WITH 100 COUNTY FARM BUREAUS AND THEIR VOLUNTEER LEADERS AROUND THE STATE TO IMPLEMENT PROGRAMS, ACTIVITIES AND POLICIES THAT BENEFIT MEMBERS AND THE ORGANIZATION IN GENERAL...

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FIELD SERVICE - WORK WITH 100 COUNTY FARM BUREAUS AND THEIR VOLUNTEER LEADERS AROUND THE STATE TO IMPLEMENT PROGRAMS, ACTIVITIES AND POLICIES THAT BENEFIT MEMBERS AND THE ORGANIZATION IN GENERAL. THIS IS ACCOMPLISHED BY DEVELOPMENT AND DELIVERY OF TRAINING PROGRAMS FOR COUNTY BOARDS OF DIRECTORS AND THEIR EXECUTIVE BOARDS AS WELL AS KEY COUNTY COMMITTEE MEMBERS. THESE PROGRAMS ENHANCE LEADERSHIP SKILLS AND STIMULATE DEVELOPMENT OF FUTURE LEADERS FOR FARM BUREAU, AGRICULTURE, AND RURAL IOWA. THE MEMBER EDUCATION PROGRAMS, SUCH AS REGULARLY SCHEDULED WEBINARS AND IN-PERSON CONFERENCES, HELP MEMBERS ACROSS THE STATE WITH THEIR BUSINESS SUCCESSION AND TRANSITION CHALLENGES, RISK MANAGEMENT STRATEGIES AND BUSINESS DEVELOPMENT DECISIONS. THE EDUCATIONAL PROGRAMS ALSO ASSIST FARMERS AND YOUNG FARMERS TO BEGIN NEW FARM BUSINESSES, ASSISTS FARMERS TO IMPROVE THEIR EXISTING FARM AND BUSINESS MANAGEMENT SKILLS AND IMPROVE NET FARM INCOME.

Program 3

GOVERNMENT RELATIONS - WORK WITH VOLUNTEER AGRICULTURAL LEADERS TO INFLUENCE PUBLIC POLICY DECISIONS AT THE COUNTY, STATE AND NATIONAL LEVELS. PROVIDES INFORMATION, EDUCATION, AND ADVOCACY...

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GOVERNMENT RELATIONS - WORK WITH VOLUNTEER AGRICULTURAL LEADERS TO INFLUENCE PUBLIC POLICY DECISIONS AT THE COUNTY, STATE AND NATIONAL LEVELS. PROVIDES INFORMATION, EDUCATION, AND ADVOCACY OPPORTUNITIES ABOUT ISSUES AFFECTING FARMERS AND OTHER RURAL IOWANS. OVER 156,000 MEMBERS BENEFITED.

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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%)

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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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Governance

Voting Members
11
Independent Members
10
Employees
68
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
5
$4,946,910
Total Directors
11
$993,129
Key Employees
4
$1,346,222
Highest Compensated
5
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
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