Iowa Farm Bureau Federation (EIN 420680723) - 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

5153822451

Tax Period

2023-01-01 to 2023-12-31

Iowa Farm Bureau Federation, founded in 1917, is a small nonprofit that reported $206K in total revenue in fiscal year 2023. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $198K 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 $30,000

Program Service Revenue $120,920

Investment Income $35,120

Other Revenue $20,248

TOTAL REVENUE $206,288

Expense Breakdown

Grants Paid $23,724

Salaries & Benefits $36,748

Fundraising Expenses $0

Other Expenses $137,741

TOTAL EXPENSES $198,213

Year-over-Year Comparison

	2023	2022	Change
Revenue	$206,288	$1,193,209	-0.8%
Expenses	$198,213	$186,338	+0.1%
Net Income	$8,075	$1,006,871	-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

Total Directors

$10

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Derrick Black	President	2.50	Officer Director	$0	$0	$0
Darren Struthers	Vice President	2.50	Officer Director	$0	$0	$0
Seth Gerlach	Secretary	2.50	Officer Director	$0	$0	$0
David Greiner	Treasurer	2.50	Officer Director	$0	$0	$0
Michael McEnany	Voting Delegate	2.50	Officer Director	$0	$0	$0
Martin Chitty	Director	1.50	Director	$0	$0	$0
Nick Hermanson	Director	1.50	Director	$0	$0	$0
Larry Jacobson	Director	1.50	Director	$0	$0	$0
Jim Hassebrock	Director	1.50	Director	$0	$0	$0
Mike Kalsem	Director	1.50	Director	$0	$10	$10
Adam Gibson	Director	1.50	Director	$0	$0	$0
David Jensen	Director	1.50	Director	$0	$0	$0
Thomas Coughenour	Former Director (10/23)	1.50	Director	$0	$0	$0
Brandon Wilson	Director	1.50	Director	$0	$0	$0
Deb Finch	Director (11/23)	1.50	Director	$0	$0	$0
Kim Flynn	Former Director (10/23)	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	No data	No data	No data	No data
2023	$206,288	$198,213	$1,416,885	$8,075
2022	$1,193,209	$186,338	$1,407,407	$1,006,871
2019	$213,302	$211,634	$359,189	$1,668

Iowa Farm Bureau Federation