Iowa Farm Bureau Federation (EIN 420680700) - 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

1918

Legal Domicile

Phone

7125633594

Tax Period

2023-01-01 to 2023-12-31

Iowa Farm Bureau Federation, founded in 1918, is a micro nonprofit that reported $94K in total revenue in fiscal year 2023. Revenue fell 91% from the prior year — a significant decline worth monitoring. Net assets of $1.2M represent 151 months of operating reserves.

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 $10,172

Program Service Revenue $28,200

Investment Income $26,283

Other Revenue $29,753

TOTAL REVENUE $94,408

Expense Breakdown

Grants Paid $4,357

Salaries & Benefits $46,267

Fundraising Expenses $0

Other Expenses $41,081

TOTAL EXPENSES $91,705

Year-over-Year Comparison

	2023	2022	Change
Revenue	$94,408	$1,081,815	-0.9%
Expenses	$91,705	$84,441	+0.1%
Net Income	$2,703	$997,374	-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

$377

Total Directors

$659

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Blake Nelson	President	2.00	Officer Director	$0	$95	$95
Joel Petersen	Vice President	2.00	Officer Director	$0	$94	$94
Grant Klever	Secretary	2.00	Officer Director	$0	$94	$94
Cole Christensen	Treasurer	2.00	Officer Director	$0	$0	$0
Randy Dreher	Voting Delegate	2.00	Officer Director	$0	$94	$94
TJ Wiemann	Former Director (10/23)	1.00	Director	$0	$94	$94
Adam Hansen	Director	1.00	Director	$0	$0	$0
Joseph Elmquist	Former Director (10/23)	1.00	Director	$0	$0	$0
Steve Brinkman	Director	1.00	Director	$0	$0	$0
Bryan Svoboda	Director	1.00	Director	$0	$0	$0
Jeff Glade	Director	1.00	Director	$0	$0	$0
Cole Bruch	Director	1.00	Director	$0	$94	$94
Kory Lauridsen	Director	1.00	Director	$0	$94	$94

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	$94,408	$91,705	$1,190,381	$2,703
2022	$1,081,815	$84,441	$1,187,009	$997,374

Iowa Farm Bureau Federation