Iowa Farm Bureau Federation (EIN 420685003) - 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

5639273815

Tax Period

2024-01-01 to 2024-12-31

Iowa Farm Bureau Federation, founded in 1918, is a small nonprofit that reported $197K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $57K, a strong 29% operating margin.

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 (2024)

Revenue Breakdown

Contributions & Grants $28,650

Program Service Revenue $103,725

Investment Income $49,710

Other Revenue $14,882

TOTAL REVENUE $196,967

Expense Breakdown

Grants Paid $9,300

Salaries & Benefits $400

Fundraising Expenses $0

Other Expenses $130,012

TOTAL EXPENSES $139,712

Year-over-Year Comparison

	2024	2023	Change
Revenue	$196,967	$166,787	+0.2%
Expenses	$139,712	$156,244	-0.1%
Net Income	$57,255	$10,543	+4.4%

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

N/A

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

$400

Total Directors

$400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Denise Bishop	President	1.50	Officer Director	$0	$0	$0
Molly Wegmann	Vice President	1.50	Officer Director	$0	$0	$0
Nancy Dunkel	Former Vice President (10/24)	1.50	Officer Director	$0	$0	$0
Dan Lahr	Secretary	1.50	Officer Director	$0	$400	$400
Ben Zitelman	Treasurer	1.50	Officer Director	$0	$0	$0
Ryan Gibbs	Voting Delegate	1.50	Officer Director	$0	$0	$0
Alan Atwater	Director	1.00	Director	$0	$0	$0
Todd Boss	Director	1.00	Director	$0	$0	$0
Greg Carroll	Director	1.00	Director	$0	$0	$0
Kevin Glanz	Director	1.00	Director	$0	$0	$0
Jason Hoeger	Director (11/24)	1.00	Director	$0	$0	$0
Joe Kafer	Director	1.00	Director	$0	$0	$0
Dave Knolage	Director	1.00	Director	$0	$0	$0
Bruce Nieman	Director	1.00	Director	$0	$0	$0
Mike Ricker	Director	1.00	Director	$0	$0	$0
Jade Schneider	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	$196,967	$139,712	$1,663,637	$57,255
2023	$166,787	$156,244	$1,591,065	$10,543
2022	$1,168,985	$163,771	$1,535,921	$1,005,214
2021	$197,258	$137,494	$569,538	$59,764
2020	$146,054	$139,205	$528,239	$6,849

Iowa Farm Bureau Federation