Iowa Farm Bureau Federation

EIN: 420680711

Corydon, IA

Total Revenue
$67,926
Total Expenses
$47,209
Total Assets
$1,292,156
Net Assets
$1,290,327
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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
1917
Legal Domicile
IA
Phone
6418722725
Tax Period
2023-01-01 to 2023-12-31

Iowa Farm Bureau Federation, founded in 1917, is a micro nonprofit that reported $68K in total revenue in fiscal year 2023. Revenue fell 94% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $21K, a strong 30% operating margin.

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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,621
Program Service Revenue $28,575
Investment Income $29,493
Other Revenue $-763
TOTAL REVENUE $67,926

Expense Breakdown

Grants Paid $2,245
Salaries & Benefits $6,289
Fundraising Expenses $0
Other Expenses $38,675
TOTAL EXPENSES $47,209

Year-over-Year Comparison

2023 2022 Change
Revenue $67,926 $1,060,111 -0.9%
Expenses $47,209 $42,150 +0.1%
Net Income $20,717 $1,017,961 -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

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Governance

Voting Members
19
Independent Members
19
Employees
1
Volunteers
32

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
5
$90
Total Directors
21
$585
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Justin Lain President 2.50
Officer Director
$0 $0 $0
Joel Petty Vice President 2.50
Officer Director
$0 $45 $45
Logan Wallace Secretary 2.50
Officer Director
$0 $0 $0
Kevin Allen Treasurer 2.50
Officer Director
$0 $45 $45
Dan Carpenter Voting Delegate 2.50
Officer Director
$0 $0 $0
Clinton Dyer Director 1.50
Director
$0 $0 $0
Paul Alexander Director 1.50
Director
$0 $45 $45
Milo Bettis Director 1.50
Director
$0 $45 $45
Boyd Sinclair Director 1.50
Director
$0 $45 $45
Clayton Dyer Former Director (10/23) 1.50
Director
$0 $0 $0
Hubert Staggs Director 1.50
Director
$0 $45 $45
Ralph Alshouse Director 1.50
Director
$0 $0 $0
Justin Shields Director 1.50
Director
$0 $45 $45
Ryan Brennecke Director 1.50
Director
$0 $45 $45
Shelby Dooley Director 1.50
Director
$0 $45 $45
Shawn Harmson Director 1.50
Director
$0 $45 $45
Kyle Andrews Former Director (10/23) 1.50
Director
$0 $0 $0
Jace Allen Director 1.50
Director
$0 $0 $0
Tim Runyon Director 1.50
Director
$0 $45 $45
Gabe Hook Director (11/23) 1.50
Director
$0 $45 $45
Chuck McCullough Director (11/23) 1.50
Director
$0 $45 $45
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 $67,926 $47,209 $1,292,156 $20,717
2022 $1,060,111 $42,150 $1,270,551 $1,017,961
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