Iowa Farm Bureau Federation (EIN 420685007) - 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

6418323043

Tax Period

2023-01-01 to 2023-12-31

Iowa Farm Bureau Federation, founded in 1918, is a small nonprofit that reported $130K 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 $21K, a strong 16% 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 $29,048

Program Service Revenue $65,730

Investment Income $35,272

Other Revenue $0

TOTAL REVENUE $130,050

Expense Breakdown

Grants Paid $4,489

Salaries & Benefits $501

Fundraising Expenses $0

Other Expenses $103,943

TOTAL EXPENSES $108,933

Year-over-Year Comparison

	2023	2022	Change
Revenue	$130,050	$1,049,627	-0.9%
Expenses	$108,933	$98,406	+0.1%
Net Income	$21,117	$951,221	-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

$150

Total Directors

$442

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nick Thorson	President	2.00	Officer Director	$0	$0	$0
Katie Elgin	Vice President	2.00	Officer Director	$0	$0	$0
Marcus Uthe	Secretary	2.00	Officer Director	$0	$0	$0
Ken Kroneman	Treasurer	2.00	Officer Director	$0	$0	$0
Beth Rachut	Voting Delegate	2.00	Officer Director	$0	$150	$150
Kevin Sprung	Former Director (10/23)	1.00	Director	$0	$0	$0
Rodney Koch	Director	1.00	Director	$0	$292	$292
Brendt Warrington	Director	1.00	Director	$0	$0	$0
Lee Meitner	Director	1.00	Director	$0	$0	$0
Kyle Holschlag	Director	1.00	Director	$0	$0	$0
Sheila Vroom	Former Director (10/23)	1.00	Director	$0	$0	$0
Garrett Barker	Director	1.00	Director	$0	$0	$0
Laura Klaes	Director	1.00	Director	$0	$0	$0
Carter Patterson	Director (11/23)	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	No data	No data	No data	No data
2023	$130,050	$108,933	$1,376,494	$21,117
2022	$1,049,627	$98,406	$1,323,583	$951,221
2021	$212,381	$120,600	$371,057	$91,781

Iowa Farm Bureau Federation