IOWA FARM BUREAU FEDERATION

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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

Jake Miltenberger

Phone

7124233276

Tax Period

2023-01-01 to 2023-12-31

IOWA FARM BUREAU FEDERATION, founded in 1918, is a small nonprofit that reported $120K in total revenue in fiscal year 2023. Revenue fell 89% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $33K, a strong 28% operating margin.

Mission

To create a vibrant future for agriculture, farm families their communities.

Program Service Accomplishments

Program 1

Agriculture Promotion The Monona County Farm Bureau promotes agriculture to its members and general public in many ways. Support in the form of annual donations to school Ag/FFA programs for Ag Week activities high school scholarships supplying share grant funds to area schools sponsoring members to attend the Young Farmer Conference boosting social media posts promoting agriculture, stories, and events in the area. This company has developed a partnership with Siouxland Ag in the Classroom, where an annual donation supports thousands of impacts to grade-school children in our county every year. The company sponsors an annual Grocery Grab event during national agriculture week which restocks local food pantries.

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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 $19,345

Program Service Revenue $44,480

Investment Income $55,878

Other Revenue $0

TOTAL REVENUE $119,703

Expense Breakdown

Grants Paid $11,250

Salaries & Benefits $23,903

Fundraising Expenses $0

Other Expenses $48,810

TOTAL EXPENSES $86,253

Year-over-Year Comparison

	2023	2022	Change
Revenue	$119,703	$1,081,171	-0.9%
Expenses	$86,253	$83,194	+0.0%
Net Income	$33,450	$997,977	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	PRESIDENT	001.75	Officer Director	$0	$0	$0
DAVE BRUNING	VICE PRESIDENT	001.75	Officer Director	$0	$0	$0
DAN WITTEN	SECRETARY	001.75	Officer Director	$0	$0	$0
JAMES ALEXANDER	TREASURER	001.75	Officer Director	$0	$0	$0
JEFF MORDHORST	VOTING DELEGATE	001.75	Officer Director	$0	$0	$0
RACHEL WRIGHT	DIRECTOR	000.75	Director	$0	$0	$0
WRAY WRIGHT	DIRECTOR	000.75	Director	$0	$0	$0
LOGAN ERNST	DIRECTOR	000.75	Director	$0	$0	$0
COLIN MORDHORST	DIRECTOR	000.75	Director	$0	$0	$0
CALEB CLEMON	DIRECTOR	000.75	Director	$0	$0	$0
MANDY TRUDEAU	DIRECTOR	000.75	Director	$0	$0	$0
ALLIE MILLER	DIRECTOR	000.75	Director	$0	$0	$0
SCOTT JORDAN	DIRECTOR	000.75	Director	$0	$0	$0
MIKE LAGE	DIRECTOR	000.75	Director	$0	$0	$0
KATIE JORGENSEN	DIRECTOR	000.75	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	$119,703	$86,253	$1,274,432	$33,450
2022	$1,081,171	$83,194	$1,268,655	$997,977