Iowa Farm Bureau Federation (EIN 420685006) - 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

6413943029

Tax Period

2023-01-01 to 2023-12-31

Iowa Farm Bureau Federation, founded in 1918, is a small nonprofit that reported $118K in total revenue in fiscal year 2023. Revenue fell 91% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $26K, a strong 22% 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 $16,609

Program Service Revenue $60,570

Investment Income $41,016

Other Revenue $-55

TOTAL REVENUE $118,140

Expense Breakdown

Grants Paid $5,034

Salaries & Benefits $374

Fundraising Expenses $0

Other Expenses $86,753

TOTAL EXPENSES $92,161

Year-over-Year Comparison

	2023	2022	Change
Revenue	$118,140	$1,262,458	-0.9%
Expenses	$92,161	$97,045	-0.1%
Net Income	$25,979	$1,165,413	-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

$180

Total Directors

$315

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Katherine Balk	President	2.00	Officer Director	$0	$45	$45
Jessica Grober	Vice President	2.00	Officer Director	$0	$45	$45
Barbara Schwickerath	Secretary	2.00	Officer Director	$0	$0	$0
Nolan Webster	Treasurer	2.00	Officer Director	$0	$45	$45
Robert Shatek	Voting Delegate	2.00	Officer Director	$0	$45	$45
Travis Swehla	Director	1.00	Director	$0	$0	$0
Drew Dietz	Director	1.00	Director	$0	$45	$45
Shannon Dietz	Director	1.00	Director	$0	$0	$0
Adam Drewelow	Director	1.00	Director	$0	$0	$0
Cassie Hackman	Former Secretary (10/23)	1.00	Director	$0	$45	$45
Martha McFarland	Former Director (10/23)	1.00	Director	$0	$0	$0
Jordan Heit	Director	1.00	Director	$0	$45	$45

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	$118,140	$92,161	$1,619,791	$25,979
2022	$1,262,458	$97,045	$1,581,295	$1,165,413
2021	$123,097	$85,661	$440,086	$37,436

Iowa Farm Bureau Federation