Iowa Farm Bureau Federation (EIN 420381665) - 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

1914

Legal Domicile

Phone

3193933276

Tax Period

2023-01-01 to 2023-12-31

Iowa Farm Bureau Federation, founded in 1914, is a small nonprofit that reported $392K in total revenue in fiscal year 2023. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $358K left a modest 9% 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 (2023)

Revenue Breakdown

Contributions & Grants $64,908

Program Service Revenue $274,480

Investment Income $55,714

Other Revenue $-2,749

TOTAL REVENUE $392,353

Expense Breakdown

Grants Paid $6,805

Salaries & Benefits $89,202

Fundraising Expenses $0

Other Expenses $261,669

TOTAL EXPENSES $357,676

Year-over-Year Comparison

	2023	2022	Change
Revenue	$392,353	$1,324,116	-0.7%
Expenses	$357,676	$350,565	+0.0%
Net Income	$34,677	$973,551	-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

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

$160

Total Directors

$500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joshua Henik	President	1.50	Officer Director	$0	$40	$40
Joe Sperfslage	Vice President	1.50	Officer Director	$0	$40	$40
Dave Prasil	Secretary/Treasurer	1.50	Officer Director	$0	$40	$40
Nathan Hofmann	Voting Delegate	1.50	Officer Director	$0	$40	$40
Jason Russell	Director	1.00	Director	$0	$0	$0
Norm Hlas	Director	1.00	Director	$0	$0	$0
Duane Bolton	Director	1.00	Director	$0	$0	$0
Brett Brannaman	Director	1.00	Director	$0	$0	$0
Michael Brannaman	Director	1.00	Director	$0	$300	$300
Ryan Burns	Director	1.00	Director	$0	$0	$0
Jim Greif	Director	1.00	Director	$0	$0	$0
Brian Lensch	Director	1.00	Director	$0	$0	$0
Spencer Jordan	Director	1.00	Director	$0	$0	$0
Tim Keegan	Director	1.00	Director	$0	$0	$0
Matt Price	Director	1.00	Director	$0	$0	$0
Mitchell Zumbach	Director	1.00	Director	$0	$0	$0
Doug Rice	Director	1.00	Director	$0	$0	$0
John Smith	Director	1.00	Director	$0	$40	$40

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	$392,353	$357,676	$3,916,708	$34,677
2022	$1,324,116	$350,565	$3,806,010	$973,551
2021	$397,423	$322,975	$2,911,337	$74,448
2020	$387,026	$288,495	$2,876,646	$98,531

Iowa Farm Bureau Federation