Iowa Farm Bureau Federation (EIN 420681040) - 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

6417926252

Tax Period

2023-01-01 to 2023-12-31

Iowa Farm Bureau Federation, founded in 1917, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $124K in total revenue in fiscal year 2023. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $164K exceeded revenue, resulting in a 32% operating deficit.

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 $21,153

Program Service Revenue $69,280

Investment Income $32,961

Other Revenue $429

TOTAL REVENUE $123,823

Expense Breakdown

Grants Paid $3,400

Salaries & Benefits $42,906

Fundraising Expenses $0

Other Expenses $117,208

TOTAL EXPENSES $163,514

Year-over-Year Comparison

	2023	2022	Change
Revenue	$123,823	$1,124,686	-0.9%
Expenses	$163,514	$160,160	+0.0%
Net Income	$-39,691	$964,526	-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

$200

Total Directors

$840

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Doug Korte	President	1.25	Officer Director	$0	$40	$40
Craig Van Ryswyk	Vice President	1.25	Officer Director	$0	$40	$40
Matthew Dop	Secretary	1.25	Officer Director	$0	$40	$40
Jeremy Beukema	Treasurer	1.25	Officer Director	$0	$40	$40
Thad Nearmyer	Voting Delegate	1.25	Officer Director	$0	$40	$40
Dale Zahurones	Director	1.00	Director	$0	$40	$40
Jim Bob Suiter	Director	1.00	Director	$0	$40	$40
Ron Rose	Former Director (10/23)	1.00	Director	$0	$40	$40
Jack Suiter	Director	1.00	Director	$0	$40	$40
Richard Roorda	Director	1.00	Director	$0	$40	$40
Bob Eldred	Former Director (10/23)	1.00	Director	$0	$40	$40
Arlyn Vanzante	Director	1.00	Director	$0	$40	$40
Jill Brumbaugh	Director	1.00	Director	$0	$40	$40
Kate Van Manen	Director	1.00	Director	$0	$0	$0
Roger Zylstra	Former Director (10/23)	1.00	Director	$0	$40	$40
Herb Scott	Former Director (10/23)	1.00	Director	$0	$40	$40
Wade Boehm	Former Director (10/23)	1.00	Director	$0	$40	$40
Beverly Clark-Floss	Former Director (10/23)	1.00	Director	$0	$0	$0
Ashley Smith	Director	1.00	Director	$0	$40	$40
Stephen Edwards	Former Director (10/23)	1.00	Director	$0	$40	$40
Dave Bell	Director (11/23)	1.00	Director	$0	$40	$40
Devin Burk	Director (11/23)	1.00	Director	$0	$40	$40
Kara Van Wyk	Director (11/23)	1.00	Director	$0	$40	$40
Lauren Van Wyk	Director	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	$123,823	$163,514	$1,440,036	$-39,691
2022	$1,124,686	$160,160	$1,465,921	$964,526
2021	$128,462	$127,317	$522,390	$1,145
2020	$132,788	$129,728	$524,807	$3,060
2019	$141,194	$149,643	$518,598	$-8,449

Iowa Farm Bureau Federation