Iowa Farm Bureau Federation (EIN 420681036) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1916

Legal Domicile

Phone

5153321121

Tax Period

2023-01-01 to 2023-12-31

Iowa Farm Bureau Federation, founded in 1916, is a small nonprofit that reported $129K in total revenue in fiscal year 2023. Revenue fell 88% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $23K, a strong 18% operating margin.

Mission

To create a vibrant future for agriculture, farm families and their communities.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $16,722

Program Service Revenue $48,735

Investment Income $33,358

Other Revenue $30,181

TOTAL REVENUE $128,996

Expense Breakdown

Grants Paid $3,200

Salaries & Benefits $47,729

Fundraising Expenses $0

Other Expenses $54,999

TOTAL EXPENSES $105,928

Year-over-Year Comparison

	2023	2022	Change
Revenue	$128,996	$1,087,611	-0.9%
Expenses	$105,928	$76,580	+0.4%
Net Income	$23,068	$1,011,031	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$270

Total Directors

$800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joel Rasmussen	President	2.50	Officer Director	$0	$45	$45
Miles Nostrom	Vice President	2.50	Officer Director	$0	$45	$45
Doug Adams	Secretary	2.50	Officer Director	$0	$55	$55
Jon Sampson	Treasurer	2.50	Officer Director	$0	$45	$45
Nick Bowden	Voting Delegate	2.50	Officer Director	$0	$80	$80
Norman Olson	Director	1.50	Director	$0	$45	$45
Brent Naeve	Director	1.50	Director	$0	$45	$45
JD Myers	Former Director (10/23)	1.50	Director	$0	$45	$45
Kyle Larsen	Director	1.50	Director	$0	$80	$80
Ryan Nielsen	Director	1.50	Director	$0	$45	$45
Cody Allen	Director	1.50	Director	$0	$45	$45
Clint Hartmann	Director	1.50	Director	$0	$45	$45
Travis Pederson	Director	1.50	Director	$0	$90	$90
Nick Torkelson	Director	1.50	Director	$0	$45	$45
Joel Zeman	Former Director (10/23)	1.50	Director	$0	$45	$45

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	$128,996	$105,928	$1,332,633	$23,068
2022	$1,087,611	$76,580	$1,299,935	$1,011,031

Iowa Farm Bureau Federation