Iowa Farm Bureau Federation (EIN 420680722) - 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

6414642606

Tax Period

2024-01-01 to 2024-12-31

Iowa Farm Bureau Federation, founded in 1917, is a micro nonprofit that reported $89K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $15K, a strong 17% 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 $13,182

Program Service Revenue $31,365

Investment Income $34,085

Other Revenue $10,190

TOTAL REVENUE $88,822

Expense Breakdown

Grants Paid $14,575

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $59,083

TOTAL EXPENSES $73,658

Year-over-Year Comparison

	2024	2023	Change
Revenue	$88,822	$81,924	+0.1%
Expenses	$73,658	$70,401	+0.0%
Net Income	$15,164	$11,523	+0.3%

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
David Breneman	President	2.50	Officer Director	$0	$0	$0
JP Whittington	Vice President	2.50	Officer Director	$0	$0	$0
Joy Goins	Secretary/Treasurer	2.50	Officer Director	$0	$0	$0
Ryan Bailey	Voting Delegate	2.50	Officer Director	$0	$0	$0
Jenifer Breneman	Director	1.50	Director	$0	$0	$0
Rod Faris	Director	1.50	Director	$0	$0	$0
Jim Goins	Director	1.50	Director	$0	$0	$0
Paulette Harksook	Director	1.50	Director	$0	$0	$0
Bev McGinnis	Director	1.50	Director	$0	$0	$0
Taylor Richie	Director	1.50	Director	$0	$0	$0
Eric Sheil	Director	1.50	Director	$0	$0	$0
Joe Werner	Director	1.50	Director	$0	$0	$0
Alle Bailey	Former Director (10/24)	1.50	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	$88,822	$73,658	$1,292,344	$15,164
2023	$81,924	$70,401	$1,276,282	$11,523
2022	$1,071,961	$61,513	$1,261,558	$1,010,448

Iowa Farm Bureau Federation