Iowa Farm Bureau Federation (EIN 420685004) - 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

1916

Legal Domicile

Phone

6414235824

Tax Period

2024-01-01 to 2024-12-31

Iowa Farm Bureau Federation, founded in 1916, is a small nonprofit that reported $233K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $45K, a strong 19% 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 $23,891

Program Service Revenue $82,980

Investment Income $98,199

Other Revenue $27,701

TOTAL REVENUE $232,771

Expense Breakdown

Grants Paid $10,921

Salaries & Benefits $85,087

Fundraising Expenses $0

Other Expenses $91,392

TOTAL EXPENSES $187,400

Year-over-Year Comparison

	2024	2023	Change
Revenue	$232,771	$172,994	+0.3%
Expenses	$187,400	$203,801	-0.1%
Net Income	$45,371	$-30,807	-2.5%

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

200

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joe McGrath	President	2.50	Officer Director	$0	$0	$0
Kilah Watson	Vice President	2.50	Officer Director	$0	$0	$0
Jordan Davidson	Secretary	2.50	Officer Director	$0	$0	$0
Jesse Lutz	Treasurer	2.50	Officer Director	$0	$0	$0
Eric Arthur	Voting Delegate	2.50	Officer Director	$0	$0	$0
Sean Arthur	Director	0.50	Director	$0	$0	$0
Jim Barkema	Director	0.50	Director	$0	$0	$0
Brandon Bergstrom	Director	0.50	Director	$0	$0	$0
Todd Cash	Director	0.50	Director	$0	$0	$0
Scott Engebretson	Director	0.50	Director	$0	$0	$0
Chuck Grove	Director	0.50	Director	$0	$0	$0
John Halbur	Director	0.50	Director	$0	$0	$0
Fred Lundt	Director	0.50	Director	$0	$0	$0
David Luscomb	Director	0.50	Director	$0	$0	$0
Randy Lutz	Director	0.50	Director	$0	$0	$0
Charlie Norris	Director	0.50	Director	$0	$0	$0
Kevin Pope	Director	0.50	Director	$0	$0	$0
Casey Schlichting	Director	0.50	Director	$0	$0	$0
Lexi Sheriff	Director (11/24)	0.50	Director	$0	$0	$0
Luci Sheriff	Director	0.50	Director	$0	$0	$0
Keith Sutcliffe	Director	0.50	Director	$0	$0	$0
Kevin Sutcliffe	Director	0.50	Director	$0	$0	$0
Justin Timpe	Director	0.50	Director	$0	$0	$0
Joel Watson	Director	0.50	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	$232,771	$187,400	$2,237,343	$45,371
2023	$172,994	$203,801	$2,207,233	$-30,807
2022	$1,128,256	$135,539	$2,218,833	$992,717
2021	$148,611	$131,105	$1,275,293	$17,506
2020	$147,762	$137,822	$1,234,432	$9,940

Iowa Farm Bureau Federation