Iowa Farm Bureau Federation (EIN 420680713) - 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

5635565275

Tax Period

2023-01-01 to 2023-12-31

Iowa Farm Bureau Federation, founded in 1918, is a small nonprofit that reported $301K in total revenue in fiscal year 2023. Revenue fell 77% from the prior year — a significant decline worth monitoring. Net assets of $2.4M represent 95 months of operating reserves.

Mission

To create a vibrant future for agriculture, farm families and 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 $66,862

Program Service Revenue $198,000

Investment Income $48,226

Other Revenue $-12,202

TOTAL REVENUE $300,886

Expense Breakdown

Grants Paid $5,975

Salaries & Benefits $102,808

Fundraising Expenses $0

Other Expenses $196,736

TOTAL EXPENSES $305,519

Year-over-Year Comparison

	2023	2022	Change
Revenue	$300,886	$1,287,188	-0.8%
Expenses	$305,519	$295,355	+0.0%
Net Income	$-4,633	$991,833	-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

$200

Total Directors

$960

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Wayne Kramer	President	1.50	Officer Director	$0	$40	$40
Jason Heisler	Vice President	1.50	Officer Director	$0	$40	$40
Brittany Hoefler	Secretary	1.50	Officer Director	$0	$40	$40
Randy Pancratz	Treasurer	1.50	Officer Director	$0	$40	$40
Craig Recker	Voting Delegate	1.50	Officer Director	$0	$40	$40
Rick Gansemer	Director	1.00	Director	$0	$40	$40
David Turnis	Director	1.00	Director	$0	$40	$40
Mark Schuckert	Director	1.00	Director	$0	$40	$40
Gary Valentine	Director	1.00	Director	$0	$40	$40
Mike Hoffman	Director	1.00	Director	$0	$40	$40
Judy Gaul	Womens Chair	1.00	Director	$0	$40	$40
Calvin Rea	Director	1.00	Director	$0	$40	$40
Jim Pfeiler	Director	1.00	Director	$0	$40	$40
Megan McAllister	Director	1.00	Director	$0	$40	$40
Dan Frank	Director	1.00	Director	$0	$40	$40
Gene Langel	Former Director (10/23)	1.00	Director	$0	$40	$40
Jason Ambrosy	Director	1.00	Director	$0	$40	$40
Dan Waller	Director	1.00	Director	$0	$40	$40
Deann Kruse	Director	1.00	Director	$0	$40	$40
Luke Thole	Director	1.00	Director	$0	$40	$40
AJ Pfab	Director	1.00	Director	$0	$40	$40
Joe Recker	Director	1.00	Director	$0	$40	$40
Martin Bahl	Director	1.00	Director	$0	$40	$40
Benjamin Pancratz	Director (11/23)	1.00	Director	$0	$40	$40

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	$300,886	$305,519	$2,388,625	$-4,633
2022	$1,287,188	$295,355	$2,367,531	$991,833
2021	$278,685	$276,654	$1,421,951	$2,031
2020	$263,913	$248,522	$1,405,366	$15,391

Iowa Farm Bureau Federation