Iowa Farm Bureau Federation (EIN 420684990) - 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

1918

Legal Domicile

Phone

5159934266

Tax Period

2023-01-01 to 2023-12-31

Iowa Farm Bureau Federation, founded in 1918, is a small nonprofit that reported $216K in total revenue in fiscal year 2023. Revenue fell 82% from the prior year — a significant decline worth monitoring. Net assets of $1.5M represent 82 months of operating reserves.

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 $35,571

Program Service Revenue $129,850

Investment Income $33,077

Other Revenue $17,531

TOTAL REVENUE $216,029

Expense Breakdown

Grants Paid $4,850

Salaries & Benefits $73,933

Fundraising Expenses $0

Other Expenses $151,037

TOTAL EXPENSES $229,820

Year-over-Year Comparison

	2023	2022	Change
Revenue	$216,029	$1,197,770	-0.8%
Expenses	$229,820	$218,016	+0.1%
Net Income	$-13,791	$979,754	-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

$510

Total Directors

$630

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kara Schreck	President	2.50	Officer Director	$0	$420	$420
Kelcey Hick	Vice President	2.50	Officer Director	$0	$20	$20
Marissa Akins	Secretary	2.50	Officer Director	$0	$60	$60
David Luett	Treasurer	2.50	Officer Director	$0	$10	$10
Brandon Peters	Voting Delegate	2.50	Officer Director	$0	$0	$0
Tanner Rowe	Director	1.50	Director	$0	$10	$10
Tom Stine	Director	1.50	Director	$0	$0	$0
Peter Wicks	Director	1.50	Director	$0	$20	$20
Kurt Keeran	Director	1.50	Director	$0	$30	$30
Rod Collins	Director	1.50	Director	$0	$30	$30
Bob Taylor	Director	1.50	Director	$0	$10	$10
Josh Uhlman	Director	1.50	Director	$0	$10	$10
Kate Collins	Director	1.50	Director	$0	$0	$0
Jon McClure	Director	1.50	Director	$0	$10	$10

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	$216,029	$229,820	$1,480,612	$-13,791
2022	$1,197,770	$218,016	$1,494,787	$979,754
2021	$196,126	$190,442	$510,408	$5,684
2020	$193,481	$178,412	$505,646	$15,069
2019	$191,621	$198,275	$493,435	$-6,654

Iowa Farm Bureau Federation