Iowa Farm Bureau Federation (EIN 420680702) - 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

5154321435

Tax Period

2023-01-01 to 2023-12-31

Iowa Farm Bureau Federation, founded in 1918, is a small nonprofit that reported $124K in total revenue in fiscal year 2023. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $105K left a modest 15% 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 $17,642

Program Service Revenue $70,520

Investment Income $33,342

Other Revenue $2,028

TOTAL REVENUE $123,532

Expense Breakdown

Grants Paid $5,850

Salaries & Benefits $21,922

Fundraising Expenses $0

Other Expenses $77,340

TOTAL EXPENSES $105,112

Year-over-Year Comparison

	2023	2022	Change
Revenue	$123,532	$1,116,229	-0.9%
Expenses	$105,112	$111,900	-0.1%
Net Income	$18,420	$1,004,329	-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

$170

Total Directors

$870

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brett Heineman	President	2.50	Officer Director	$0	$40	$40
Zach Britton	Vice President	2.50	Officer Director	$0	$50	$50
Arne Swanson	Secretary	2.50	Officer Director	$0	$40	$40
Marc Fuqua	Treasurer	2.50	Officer Director	$0	$40	$40
Jeff Westrum	Voting Delegate	2.50	Officer Director	$0	$0	$0
Kent Peterson	Director	1.50	Director	$0	$80	$80
Bryon Westrum	Director	1.50	Director	$0	$40	$40
Alan Swanson	Director	1.50	Director	$0	$40	$40
Ben Hollingshead	Director	1.50	Director	$0	$40	$40
Bradley Schell	Director	1.50	Director	$0	$0	$0
Eric Crosman	Director	1.50	Director	$0	$0	$0
Greg Rinehart	Director	1.50	Director	$0	$350	$350
James Hawcott	Director	1.50	Director	$0	$40	$40
Morey Hill	Director	1.50	Director	$0	$100	$100
Eugene Doran	Director	1.50	Director	$0	$0	$0
Lynn Sackett	Director	1.50	Director	$0	$10	$10

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	$123,532	$105,112	$1,496,724	$18,420
2022	$1,116,229	$111,900	$1,463,726	$1,004,329
2021	$170,291	$132,629	$479,180	$37,662

Iowa Farm Bureau Federation