Iowa Farm Bureau Federation (EIN 420680724) - 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

7124823496

Tax Period

2023-01-01 to 2023-12-31

Iowa Farm Bureau Federation, founded in 1918, is a micro nonprofit that reported $76K in total revenue in fiscal year 2023. Revenue fell 93% from the prior year — a significant decline worth monitoring. Expenses of $73K 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 $15,300

Program Service Revenue $32,950

Investment Income $29,069

Other Revenue $-1,410

TOTAL REVENUE $75,909

Expense Breakdown

Grants Paid $9,532

Salaries & Benefits $639

Fundraising Expenses $0

Other Expenses $62,713

TOTAL EXPENSES $72,884

Year-over-Year Comparison

	2023	2022	Change
Revenue	$75,909	$1,064,720	-0.9%
Expenses	$72,884	$64,297	+0.1%
Net Income	$3,025	$1,000,423	-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

$30

Total Directors

$530

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dustin Applegate	President	2.00	Officer Director	$0	$0	$0
JT Oltman	Vice President	2.00	Officer Director	$0	$10	$10
Jared Becker	Secretary	2.00	Officer Director	$0	$0	$0
Megan Hansen	Treasurer	2.00	Officer Director	$0	$0	$0
Kevin Schechinger	Voting Delegate	2.00	Officer Director	$0	$20	$20
Aaron Schnepel	Diretor	1.00	Director	$0	$50	$50
Jennifer Sellner	Former Director (10/23)	1.00	Director	$0	$0	$0
Ann Vorthmann	Former Director (10/23)	1.00	Director	$0	$370	$370
Craig Hotze	Director	1.00	Director	$0	$0	$0
Ashtyn Danker	Director	1.00	Director	$0	$0	$0
Annie Brooke	Director	1.00	Director	$0	$0	$0
Chris Perdue	Director	1.00	Director	$0	$80	$80

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	$75,909	$72,884	$1,191,197	$3,025
2022	$1,064,720	$64,297	$1,180,014	$1,000,423

Iowa Farm Bureau Federation