Iowa Farm Bureau Federation

EIN: 420681032

Corning, IA

Total Revenue
$61,642
Total Expenses
$44,582
Total Assets
$1,201,484
Net Assets
$1,199,456
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1918
Legal Domicile
IA
Phone
6413224343
Tax Period
2023-01-01 to 2023-12-31

Iowa Farm Bureau Federation, founded in 1918, is a micro nonprofit that reported $62K in total revenue in fiscal year 2023. Revenue fell 94% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $17K, a strong 28% 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $11,869
Program Service Revenue $26,180
Investment Income $25,972
Other Revenue $-2,379
TOTAL REVENUE $61,642

Expense Breakdown

Grants Paid $750
Salaries & Benefits $15,176
Fundraising Expenses $0
Other Expenses $28,656
TOTAL EXPENSES $44,582

Year-over-Year Comparison

2023 2022 Change
Revenue $61,642 $1,056,925 -0.9%
Expenses $44,582 $52,264 -0.1%
Net Income $17,060 $1,004,661 -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

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Governance

Voting Members
12
Independent Members
12
Employees
2
Volunteers
17

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
5
$0
Total Directors
12
$525
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jason McManis President 2.50
Officer Director
$0 $0 $0
Todd James Vice President 2.50
Officer Director
$0 $0 $0
Betsy Stormer Secretary 2.50
Officer Director
$0 $0 $0
Daniel Fleharty Treasurer 2.50
Officer Director
$0 $0 $0
Blake Anderson Voting Delegate 2.50
Officer Director
$0 $0 $0
Steve Sonntag Director 1.50
Director
$0 $525 $525
Gary Boswell Director 1.50
Director
$0 $0 $0
Trever Shipley Director 1.50
Director
$0 $0 $0
Monty Douglas Director 1.50
Director
$0 $0 $0
Rafael Morales Director 1.50
Director
$0 $0 $0
Chris True Director 1.50
Director
$0 $0 $0
Justin Stiens Director 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 $61,642 $44,582 $1,201,484 $17,060
2022 $1,056,925 $52,264 $1,181,268 $1,004,661
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