IOWA FARM BUREAU FEDERATION D/B/A … - Form 990 Financial Data

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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

Principal Officer

RICH ROSENMEYER

Phone

5152955309

Tax Period

2024-01-01 to 2024-12-31

IOWA FARM BUREAU FEDERATION D/B/A KOSSUTH COUNTY FARM BUREAU, founded in 1917, is a small nonprofit that reported $149K in total revenue in fiscal year 2024. Expenses of $139K left a modest 7% surplus.

Mission

TO CREATE A VIBRANT FUTURE FOR AGRICULTURE, FARM FAMILIES AND THEIR COMMUNITIES.

Program Service Accomplishments

Program 1

AG IN THE CLASSROOM: THE MAIN FOCUS OF KOSSUTH COUNTY FARM BUREAU AND THE DIRECTION OF IT'S BOARD OF DIRECTORS HAS BEEN THE SPREAD OF AGRICULTURE IN THE CLASSROOM. THIS HAPPENS IN MANY FORMS...

AG IN THE CLASSROOM: THE MAIN FOCUS OF KOSSUTH COUNTY FARM BUREAU AND THE DIRECTION OF IT'S BOARD OF DIRECTORS HAS BEEN THE SPREAD OF AGRICULTURE IN THE CLASSROOM. THIS HAPPENS IN MANY FORMS; DONATIONS TO THE COUNTY'S THREE FFA CLUBS AND WORKING ON A DRIVER'S ED PROGRAM FOR RURAL ROADS. ANOTHER FORM IS THE COUNTY'S SUPPORT OF NORTH CENTRAL IOWA AG IN THE CLASSROOM (NCIAITC) AND ITS MEMBERSHIP DUES. NCIAITC TEACHES TO EVERY ELEMENTARY STUDENT IN THE COUNTY ABOUT HOW AGRICULTURE AFFECTS THEIR LIVES. THE OTHER AVENUE THAT THE COUNTY FARM BUREAU USES IS ITS AG FAIR. THE AG FAIR IS FOR ALL 300+ 4TH GRADERS IN THE COUNTY.

Program 2

RELATIONS/COMMUNITY OUTREACH: AS A MEMBERSHIP ORGANIZATION THE KOSSUTH COUNTY FARM BUREAU SERVES ITS MEMBERSHIP AND IT'S COMMUNITY BY PUTTING ON MANY EVENTS AND EDUCATIONAL OPPORTUNITIES. THE COUNTY HOSTED FOUR EDUCATIONAL SEMINARS RELATED TO AGRICULTURE AND HELD A PICNIC AT THE COUNTY FAIR AS APPRECIATION TO THE MEMBERSHIP IN CONJUNCTION TO A CAN DRIVE FOR THE LOCAL FOOD BANK.

Program 3

POLICY: AS A POLICY ORGANIZATION THE COUNTY FARM BUREAU HOSTS MANY INFORMATIONAL EVENTS TO FORM ITS COUNTY POLICY AND TO BRING THEIR POLICY TO THE AWARENESS OF MANY LOCAL, COUNTY, STATE AND FEDERAL OFFICIALS. THE COUNTY HOSTS ITS BUSINESS ANNUAL MEETING TO SOLIDIFY ITS POLICY AND HOSTS MANY MEET AND GREATS WITH LOCAL OFFICIALS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $21,932

Program Service Revenue $65,390

Investment Income $52,058

Other Revenue $9,851

TOTAL REVENUE $149,231

Expense Breakdown

Grants Paid $4,850

Salaries & Benefits $55,955

Fundraising Expenses $0

Other Expenses $75,579

TOTAL EXPENSES $138,944

Year-over-Year Comparison

	2024	2023	Change
Revenue	$149,231	$145,324	+0.0%
Expenses	$138,944	$139,674	0.0%
Net Income	$10,287	$5,650	+0.8%

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

$225

Total Directors

$675

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICH ROSENMEYER	PRESIDENT	2.00	Officer Director	$0	$45	$45
LEWIS ROLLING	VICE PRESIDENT	2.00	Officer Director	$0	$45	$45
BRIAN TUMEY	SECRETARY	2.00	Officer Director	$0	$45	$45
DALE LAPPE	TREASURER	2.00	Officer Director	$0	$45	$45
TOM EISCHEN	VOTING DELEGATE	2.00	Officer Director	$0	$45	$45
LENNON BRANDT	DIRECTOR	1.00	Director	$0	$0	$0
DAVE ROCK	DIRECTOR	1.00	Director	$0	$45	$45
DEAN BORMANN	DIRECTOR	1.00	Director	$0	$45	$45
JOSH HILBERT	DIRECTOR	1.00	Director	$0	$45	$45
JESSE HANSELMAN	DIRECTOR	1.00	Director	$0	$45	$45
JEFF SCHUTJER	DIRECTOR	1.00	Director	$0	$45	$45
BRAD BJUSTROM	DIRECTOR	1.00	Director	$0	$45	$45
DEAN BERTE	DIRECTOR	1.00	Director	$0	$45	$45
DICK MILLER	DIRECTOR	1.00	Director	$0	$45	$45
KEVIN KIRSCH	DIRECTOR	1.00	Director	$0	$45	$45
BRIAN THILGES	DIRECTOR	1.00	Director	$0	$45	$45
NICK MERGEN	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	$149,231	$138,944	$1,180,086	$10,287
2023	$145,324	$139,674	$1,181,464	$5,650
2022	$1,113,276	$135,297	$1,177,820	$977,979
2021	$183,811	$137,175	$233,191	$46,636

IOWA FARM BUREAU FEDERATION D/B/A KOSSUTH COUNTY FARM BUREAU