Iowa Farm Bureau Federation (EIN 420680716) - 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

6417473014

Tax Period

2023-01-01 to 2023-12-31

Iowa Farm Bureau Federation, founded in 1918, is a micro nonprofit that reported $59K in total revenue in fiscal year 2023. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $56K left a modest 4% 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 $7,623

Program Service Revenue $25,875

Investment Income $27,361

Other Revenue $-2,262

TOTAL REVENUE $58,597

Expense Breakdown

Grants Paid $1,458

Salaries & Benefits $59

Fundraising Expenses $0

Other Expenses $54,555

TOTAL EXPENSES $56,072

Year-over-Year Comparison

	2023	2022	Change
Revenue	$58,597	$1,053,289	-0.9%
Expenses	$56,072	$56,870	0.0%
Net Income	$2,525	$996,419	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Heath Blomquist	President	2.00	Officer Director	$0	$0	$0
Curt Wilson	Vice President	2.00	Officer Director	$0	$0	$0
Steven Hameister	Secretary	2.00	Officer Director	$0	$0	$0
Jason Petersen	Treasurer	2.00	Officer Director	$0	$0	$0
Alex Durst	Voting Delegate	2.00	Officer Director	$0	$0	$0
Kyler Nielsen	Director	1.00	Director	$0	$0	$0
Bryan Mowrer	Director	1.00	Director	$0	$0	$0
Adam Ebert	Director	1.00	Director	$0	$0	$0
Barb Kastner	Director	1.00	Director	$0	$0	$0
Sam Carney	Director	1.00	Director	$0	$0	$0
Randy Glade	Director	1.00	Director	$0	$0	$0
Jared Uhlman	Former Director (10/23)	1.00	Director	$0	$0	$0
Michael Lewis	Former Director (10/23)	1.00	Director	$0	$0	$0
Jim Calvert	Director	1.00	Director	$0	$0	$0
Leanne Kading	Director (11/23)	1.00	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	No data	No data	No data	No data
2023	$58,597	$56,072	$1,151,092	$2,525
2022	$1,053,289	$56,870	$1,132,411	$996,419

Iowa Farm Bureau Federation