IOWA FARM BUREAU FEDERATION D/B/A … - Form 990 Financial Data

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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

Principal Officer

BRANDON BISHOP

Phone

3196535428

Tax Period

2024-01-01 to 2024-12-31

IOWA FARM BUREAU FEDERATION D/B/A WASHINGTON COUNTY FARM BUREAU, founded in 1917, is a small nonprofit that reported $170K in total revenue in fiscal year 2024. The organization ran a surplus of $46K, a strong 27% operating margin.

Mission

TO CREATE A VIBRANT FUTURE FOR AGRICULTURE, FARM FAMILIES AND THEIR COMMUNITIES.

Program Service Accomplishments

Program 1

AGRICULTURAL EDUCATION: REACHING TEACHERS REGARDING INCORPORATING AGRICULTURE INTO THEIR CURRICULUM THUS REACHING YOUTH WITH FACTUAL INFORMATION IS A PRIORITY OF WASHINGTON COUNTY FARM BUREAU. A...

AGRICULTURAL EDUCATION: REACHING TEACHERS REGARDING INCORPORATING AGRICULTURE INTO THEIR CURRICULUM THUS REACHING YOUTH WITH FACTUAL INFORMATION IS A PRIORITY OF WASHINGTON COUNTY FARM BUREAU. A SHARED POSITION WAS ESTABLISHED WITH ISU EXTENSION AND A FULL-TIME PERSON IS EMPLOYED TO REACH YOUTH IN ALL SCHOOLS IN THE COUNTIES.

Program 2

YOUTH EDUCATION EXPENSE: INVESTING IN TOMORROW'S LEADERS ESPECIALLY THOSE INVOLVED WITH AGRICULTURE IS IMPORTANT TO WASHINGTON COUNTY FARM BUREAU. SEVEN HIGH SCHOOL GRADUATES WERE AWARDED...

YOUTH EDUCATION EXPENSE: INVESTING IN TOMORROW'S LEADERS ESPECIALLY THOSE INVOLVED WITH AGRICULTURE IS IMPORTANT TO WASHINGTON COUNTY FARM BUREAU. SEVEN HIGH SCHOOL GRADUATES WERE AWARDED SCHOLARSHIPS. THIRTEEN SENIORS SUBMITTED APPLICATIONS AND WERE INTERVIEWED BY THE SELECTION COMMITTEE AND PRESENTED THEIR RESPECTIVE AWARDS AT GRADUATION CEREMONIES.

Program 3

PUBLIC POLICY EXPENSE: MEMBERS HAVE THE OPPORTUNITY TO SURFACE ISSUES FOR INCLUSION IN THE POLICY DEVELOPMENT PROCESS. ALL ISSUES SURFACED ARE LATER ENTERED INTO THE POLICY DEVELOPMENT SYSTEM FOR...

PUBLIC POLICY EXPENSE: MEMBERS HAVE THE OPPORTUNITY TO SURFACE ISSUES FOR INCLUSION IN THE POLICY DEVELOPMENT PROCESS. ALL ISSUES SURFACED ARE LATER ENTERED INTO THE POLICY DEVELOPMENT SYSTEM FOR OTHER MEMBERS FROM ACROSS THE STATE TO REVIEW AND PRIORITIZE. ONCE POLICY IDEAS ARE ARRIVED AT, MEMBERS OPINIONS ON EACH ARE SOUGHT, POSITIONS ARRIVED AND THEN APPROVED.

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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 $23,825

Program Service Revenue $74,718

Investment Income $65,066

Other Revenue $6,130

TOTAL REVENUE $169,739

Expense Breakdown

Grants Paid $19,500

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $101,415

TOTAL EXPENSES $123,738

Year-over-Year Comparison

	2024	2023	Change
Revenue	$169,739	$163,612	+0.0%
Expenses	$123,738	$124,779	0.0%
Net Income	$46,001	$38,833	+0.2%

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
BRANDON BISHOP	PRESIDENT	1.50	Officer Director	$0	$0	$0
GREGORY KOCH	VICE PRESIDENT	1.50	Officer Director	$0	$0	$0
CURT PACHA	TREASURER	1.50	Officer Director	$0	$0	$0
BRADLEY SKUBAL	SECRETARY	1.50	Officer Director	$0	$0	$0
JEFF CUDDEBACK	VOTING DELEGATE	1.50	Officer Director	$0	$0	$0
JOLISA BOMBEI	DIRECTOR	0.50	Director	$0	$0	$0
RACHEL FISHBACK	DIRECTOR	0.50	Director	$0	$0	$0
ERICA FRIESE	DIRECTOR	0.50	Director	$0	$0	$0
MITCHELL HORA	DIRECTOR	0.50	Director	$0	$0	$0
JOEL HUBER	DIRECTOR	0.50	Director	$0	$0	$0
KERWIN LEICHTY	DIRECTOR	0.50	Director	$0	$0	$0
COREY MALICHKY	DIRECTOR	0.50	Director	$0	$0	$0
MATTHEW MOELLER	DIRECTOR	0.50	Director	$0	$0	$0
OLICIA PACHA	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN REED	DIRECTOR	0.50	Director	$0	$0	$0
TYE RINNER	DIRECTOR	0.50	Director	$0	$0	$0
DAVID SKUBAL	DIRECTOR	0.50	Director	$0	$0	$0
DAVID ZIESER	DIRECTOR	0.50	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	$169,739	$123,738	$1,406,543	$46,001
2023	$163,612	$124,779	$1,385,551	$38,833
2022	$1,127,853	$124,635	$1,366,563	$1,003,218

IOWA FARM BUREAU FEDERATION D/B/A WASHINGTON COUNTY FARM BUREAU