Iowa Farm Bureau Federation (EIN 420680715) - 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

3198245212

Tax Period

2024-01-01 to 2024-12-31

Iowa Farm Bureau Federation, founded in 1918, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $151K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $134K left a modest 12% 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 (2024)

Revenue Breakdown

Contributions & Grants $35,230

Program Service Revenue $64,480

Investment Income $34,315

Other Revenue $17,459

TOTAL REVENUE $151,484

Expense Breakdown

Grants Paid $7,968

Salaries & Benefits $33,811

Fundraising Expenses $0

Other Expenses $92,193

TOTAL EXPENSES $133,972

Year-over-Year Comparison

	2024	2023	Change
Revenue	$151,484	$165,461	-0.1%
Expenses	$133,972	$132,199	+0.0%
Net Income	$17,512	$33,262	-0.5%

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

$100

Total Directors

$432

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bill Noteboom	President	1.50	Officer Director	$0	$100	$100
Matt Simms	Vice President	1.50	Officer Director	$0	$0	$0
Jared Krausman	Secretary	1.50	Officer Director	$0	$0	$0
Whitney Heinrich	Treasurer	1.50	Officer Director	$0	$0	$0
Tim Diamond	Voting Delegate	1.50	Officer Director	$0	$0	$0
Jon Freese	Director	0.50	Director	$0	$75	$75
Clay Geiter	Director	0.50	Director	$0	$0	$0
Bailey Henze	Director	0.50	Director	$0	$0	$0
Dalton Henze	Director	0.50	Director	$0	$0	$0
Sarah Hockemeyer	Director	0.50	Director	$0	$257	$257
Adam Meyer	Director	0.50	Director	$0	$0	$0
Jesse Willis	Director	0.50	Director	$0	$0	$0
Zach Meester	Director	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	$151,484	$133,972	$1,296,560	$17,512
2023	$165,461	$132,199	$1,269,334	$33,262
2022	$1,138,601	$128,446	$1,235,260	$1,010,155

Iowa Farm Bureau Federation