Iowa Farm Bureau Federation (EIN 420347375) - 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

1916

Legal Domicile

Phone

3194624805

Tax Period

2023-01-01 to 2023-12-31

Iowa Farm Bureau Federation, founded in 1916, is a small nonprofit that reported $150K in total revenue in fiscal year 2023. Revenue fell 87% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $24K, a strong 16% 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 $24,399

Program Service Revenue $85,905

Investment Income $39,435

Other Revenue $0

TOTAL REVENUE $149,739

Expense Breakdown

Grants Paid $6,923

Salaries & Benefits $259

Fundraising Expenses $0

Other Expenses $118,850

TOTAL EXPENSES $126,032

Year-over-Year Comparison

	2023	2022	Change
Revenue	$149,739	$1,137,595	-0.9%
Expenses	$126,032	$123,167	+0.0%
Net Income	$23,707	$1,014,428	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Klark Telleen	President	3.00	Officer Director	$0	$0	$0
Jeff Thomsen	Vice President	3.00	Officer Director	$0	$0	$0
Joel Lasack	Secretary	3.00	Officer Director	$0	$0	$0
Joel Ahrendsen	Treasurer	3.00	Officer Director	$0	$0	$0
Darrick Hall	Voting Delegate	3.00	Officer Director	$0	$0	$0
Justin Hein	Director	1.50	Director	$0	$0	$0
Chad Adams	Director	1.50	Director	$0	$0	$0
Dominic Hogan	Director	1.50	Director	$0	$0	$0
Joshua Smith	Director	1.50	Director	$0	$0	$0
Michael Wolken	Director	1.50	Director	$0	$0	$0
Dan Rickels	Director	1.50	Director	$0	$0	$0
Kurt Andreesen	Director	1.50	Director	$0	$0	$0
Garry Zumbach	Director	1.50	Director	$0	$0	$0
Guy Petersen	Director	1.50	Director	$0	$0	$0
Kasey Nebergall	Director	1.50	Director	$0	$0	$0
Heidi Hall	Director	1.50	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	$149,739	$126,032	$1,575,657	$23,707
2022	$1,137,595	$123,167	$1,537,083	$1,014,428
2021	$166,278	$121,384	$536,865	$44,894
2020	$137,156	$113,167	$517,567	$23,989

Iowa Farm Bureau Federation