Iowa Farm Bureau Federation (EIN 420680717) - 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

1917

Legal Domicile

Phone

6414564767

Tax Period

2024-01-01 to 2024-12-31

Iowa Farm Bureau Federation, founded in 1917, is a small nonprofit that reported $145K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $24K, a strong 16% 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $20,233

Program Service Revenue $54,765

Investment Income $52,068

Other Revenue $17,756

TOTAL REVENUE $144,822

Expense Breakdown

Grants Paid $7,388

Salaries & Benefits $44,891

Fundraising Expenses $0

Other Expenses $68,883

TOTAL EXPENSES $121,162

Year-over-Year Comparison

	2024	2023	Change
Revenue	$144,822	$122,154	+0.2%
Expenses	$121,162	$110,488	+0.1%
Net Income	$23,660	$11,666	+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

$100

Total Directors

$562

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mike Borcherding	President	2.00	Officer Director	$0	$0	$0
Tanner Brass	Vice President	2.00	Officer Director	$0	$0	$0
Rodney Peters	Secretary	2.00	Officer Director	$0	$0	$0
Becky Dohlman	Treasurer	2.00	Officer Director	$0	$0	$0
Nathan Dohlman	Former Treasurer (10/24)	2.00	Officer Director	$0	$100	$100
Tara Pralle	Voting Delegate	2.00	Officer Director	$0	$0	$0
Carolyn Oleson	Womens Chair	1.00	Director	$0	$0	$0
Andrew Benning	Director	1.00	Director	$0	$337	$337
Brian Borcherding	Director	1.00	Director	$0	$50	$50
Nathan Crawford	Director	1.00	Director	$0	$0	$0
Jim Dannen	Director	1.00	Director	$0	$0	$0
Callie Erickson	Director	1.00	Director	$0	$0	$0
Zachary Greimann	Director (11/24)	1.00	Director	$0	$0	$0
Lacey Peters	Director	1.00	Director	$0	$0	$0
David Pingel	Director	1.00	Director	$0	$0	$0
Ian Plagge	Director	1.00	Director	$0	$0	$0
Kaitlyn Porter	Director	1.00	Director	$0	$75	$75
Jacob Showalter	Director	1.00	Director	$0	$0	$0
Josh Showalter	Director	1.00	Director	$0	$0	$0
Victor Wolf	Director (11/24)	1.00	Director	$0	$0	$0
Mark Bausch	Former Director (10/24)	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	$144,822	$121,162	$1,404,227	$23,660
2023	$122,154	$110,488	$1,360,417	$11,666
2022	$1,108,382	$92,601	$1,315,029	$1,015,781

Iowa Farm Bureau Federation