IOWA FARM BUREAU FEDERATION D/B/A W POTTAWATTAMIE COUNTY FARM BUREAU

EIN: 420593575

COUNCIL BLUFFS, IA

Total Revenue
$256,696
Total Expenses
$190,445
Total Assets
$1,962,483
Net Assets
$1,957,990
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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
MIKE GENEREUX
Phone
7123220251
Tax Period
2024-01-01 to 2024-12-31

IOWA FARM BUREAU FEDERATION D/B/A W POTTAWATTAMIE COUNTY FARM BUREAU, founded in 1918, is a small nonprofit that reported $257K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $66K, a strong 26% operating margin.

Mission

TO CREATE A VIBRANT FUTURE FOR AGRICULTURE, FARM FAMILIES & 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $24,594
Program Service Revenue $88,785
Investment Income $91,531
Other Revenue $51,786
TOTAL REVENUE $256,696

Expense Breakdown

Grants Paid $17,000
Salaries & Benefits $51,599
Fundraising Expenses $0
Other Expenses $117,402
TOTAL EXPENSES $190,445

Year-over-Year Comparison

2024 2023 Change
Revenue $256,696 $330,277 -0.2%
Expenses $190,445 $180,453 +0.1%
Net Income $66,251 $149,824 -0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
1
Volunteers
18

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
6
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE GENEREUX PRESIDENT 0.75
Officer Director
$0 $0 $0
ADAM GITTINS VICE PRESIDENT 0.75
Officer Director
$0 $0 $0
DAN ELLIOT SECRETARY 0.75
Officer Director
$0 $0 $0
ERIK PETERSEN TREASURER 0.75
Officer Director
$0 $0 $0
ADAM SUDMANN VOTING DELEGATE 0.75
Officer Director
$0 $0 $0
DARLA GOODMAN WOMENS CHAIR 0.75
Officer Director
$0 $0 $0
MIKE SCHROPP DIRECOTR 0.50
Director
$0 $0 $0
DAVE BRANDT DIRECOTR 0.50
Director
$0 $0 $0
JOE TURNER DIRECOTR 0.50
Director
$0 $0 $0
RUSSELL MILLER DIRECOTR 0.50
Director
$0 $0 $0
BRANDON VORTHMANN DIRECOTR 0.50
Director
$0 $0 $0
KELBY VORTHMANN DIRECOTR 0.50
Director
$0 $0 $0
GREG MILLER DIRECOTR 0.50
Director
$0 $0 $0
JEFF HAZELWOOD DIRECOTR 0.50
Director
$0 $0 $0
TREY WHITFIELD DIRECOTR 0.50
Director
$0 $0 $0
LUKE STAMP DIRECOTR 0.50
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 $256,696 $190,445 $1,962,483 $66,251
2023 $330,277 $180,453 $1,914,805 $149,824
2022 $1,157,433 $168,491 $1,773,012 $988,942
2021 $164,704 $161,164 $824,995 $3,540
2020 $156,718 $139,377 $813,278 $17,341
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