Iowa Farm Bureau Federation (EIN 420681037) - 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

5159616261

Tax Period

2023-01-01 to 2023-12-31

Iowa Farm Bureau Federation, founded in 1917, is a small nonprofit that reported $170K in total revenue in fiscal year 2023. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $162K left a modest 5% 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 $24,862

Program Service Revenue $101,400

Investment Income $43,603

Other Revenue $0

TOTAL REVENUE $169,865

Expense Breakdown

Grants Paid $5,150

Salaries & Benefits $47,669

Fundraising Expenses $0

Other Expenses $108,970

TOTAL EXPENSES $161,789

Year-over-Year Comparison

	2023	2022	Change
Revenue	$169,865	$1,153,626	-0.9%
Expenses	$161,789	$167,796	0.0%
Net Income	$8,076	$985,830	-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

$80

Total Directors

$360

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Zac Preston	President	2.00	Officer Director	$0	$40	$40
Alex Rogers	Former Vice President (10/23)	2.00	Officer Director	$0	$40	$40
Cortney Garrington	Secretary	2.00	Officer Director	$0	$0	$0
Myles Thompson	Treasurer	2.00	Officer Director	$0	$0	$0
Adam Hill	Voting Delegate	2.00	Officer Director	$0	$0	$0
Carly Hodson	Former Director (10/23)	1.00	Director	$0	$0	$0
Ray Dittmer	Director	1.00	Director	$0	$40	$40
Keith Henry	Director	1.00	Director	$0	$40	$40
Kurt Moffitt	Director	1.00	Director	$0	$0	$0
Josh Jensen	Director	1.00	Director	$0	$0	$0
Austin Spear	Director	1.00	Director	$0	$40	$40
Duane Ohnemus	Director	1.00	Director	$0	$0	$0
Paul Mead	Director	1.00	Director	$0	$0	$0
Brad Ball	Director	1.00	Director	$0	$0	$0
Mekenze Cortum	Director	1.00	Director	$0	$40	$40
Beth Reynolds	Director	1.00	Director	$0	$40	$40
Brad Kaufman	Director	1.00	Director	$0	$40	$40
Cory Garrington	Former Secretary (10/23)	1.00	Director	$0	$40	$40
Katelyn Harsh	Director (11/23)	1.00	Director	$0	$0	$0
Arianna Palmer	Director (11/23)	1.00	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	$169,865	$161,789	$1,823,330	$8,076
2022	$1,153,626	$167,796	$1,731,238	$985,830
2021	$210,523	$149,800	$790,898	$60,723
2020	$167,215	$145,712	$743,753	$21,503

Iowa Farm Bureau Federation