Iowa Farm Bureau Federation (EIN 420684999) - 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

5634253383

Tax Period

2023-01-01 to 2023-12-31

Iowa Farm Bureau Federation, founded in 1917, is a small nonprofit that reported $150K in total revenue in fiscal year 2023. Revenue fell 87% from the prior year — a significant decline worth monitoring. Net assets of $1.3M represent 104 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 $24,920

Program Service Revenue $97,080

Investment Income $31,892

Other Revenue $-3,956

TOTAL REVENUE $149,936

Expense Breakdown

Grants Paid $6,250

Salaries & Benefits $43,233

Fundraising Expenses $0

Other Expenses $101,796

TOTAL EXPENSES $151,279

Year-over-Year Comparison

	2023	2022	Change
Revenue	$149,936	$1,140,998	-0.9%
Expenses	$151,279	$130,178	+0.2%
Net Income	$-1,343	$1,010,820	-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

$160

Total Directors

$320

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Matthew Baerg	President	2.50	Officer Director	$0	$40	$40
Damien Matt	Vice President	2.50	Officer Director	$0	$40	$40
Joni Spies	Secretary	2.50	Officer Director	$0	$40	$40
Travis Soppe	Treasurer	2.50	Officer Director	$0	$40	$40
Joseph Bahe	Voting Delegate	2.50	Officer Director	$0	$0	$0
Chris Lueder	Director	1.50	Director	$0	$0	$0
Heath Gieselman	Director	1.50	Director	$0	$0	$0
Mark Hamlett	Director	1.50	Director	$0	$40	$40
Mark Spies	Director	1.50	Director	$0	$0	$0
Kevin Bouska	Director	1.50	Director	$0	$0	$0
Kollin Brownell	Director	1.50	Director	$0	$0	$0
Ron Bodensteiner	Director	1.50	Director	$0	$0	$0
Tyler Wynthein	Director	1.50	Director	$0	$40	$40
Aaron Wenger	Director	1.50	Director	$0	$40	$40
William Baerg	Director	1.50	Director	$0	$40	$40
Paul Spies Jr	Director	1.50	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	$149,936	$151,279	$1,303,963	$-1,343
2022	$1,140,998	$130,178	$1,306,901	$1,010,820

Iowa Farm Bureau Federation