Iowa Farm Bureau Federation (EIN 420685005) - 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

3193853715

Tax Period

2023-01-01 to 2023-12-31

Iowa Farm Bureau Federation, founded in 1917, is a small nonprofit that reported $136K in total revenue in fiscal year 2023. Revenue fell 88% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $25K, a strong 18% 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 (2023)

Revenue Breakdown

Contributions & Grants $20,586

Program Service Revenue $73,800

Investment Income $32,152

Other Revenue $9,231

TOTAL REVENUE $135,769

Expense Breakdown

Grants Paid $2,401

Salaries & Benefits $209

Fundraising Expenses $0

Other Expenses $108,115

TOTAL EXPENSES $110,725

Year-over-Year Comparison

	2023	2022	Change
Revenue	$135,769	$1,113,283	-0.9%
Expenses	$110,725	$99,656	+0.1%
Net Income	$25,044	$1,013,627	-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

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

$35

Total Directors

$180

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Adam Smith	President	2.50	Officer Director	$0	$0	$0
Michael Yaley	Vice President	2.50	Officer Director	$0	$25	$25
Nick Smith	Secretary	2.50	Officer Director	$0	$0	$0
Sabrina Pidgeon	Treasurer	2.50	Officer Director	$0	$10	$10
Steven Yaley	Voting Delegate	2.50	Officer Director	$0	$0	$0
Carl Scott	Director	1.50	Director	$0	$0	$0
DeAnn Scott-Harp	Director	1.50	Director	$0	$0	$0
Rick Smith	Director	1.50	Director	$0	$0	$0
Derek Mullin	Director	1.50	Director	$0	$50	$50
Matt Fitzpatrick	Director	1.50	Director	$0	$10	$10
Jared Achen	Director	1.50	Director	$0	$0	$0
Adam Dickerson	Director	1.50	Director	$0	$65	$65
Kurt Alvine	Director	1.50	Director	$0	$20	$20
Kurt Schinstock	Director	1.50	Director	$0	$0	$0
Klinton Garret	Director (11/23)	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	$135,769	$110,725	$1,461,371	$25,044
2022	$1,113,283	$99,656	$1,425,760	$1,013,627

Iowa Farm Bureau Federation