IOWA FARM BUREAU FEDERATION D/B/A WOODBURY COUNTY FARM BUREAU (EIN 420685009) - 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

Principal Officer

DANIEL HAIR

Phone

7128735420

Tax Period

2024-01-01 to 2024-12-31

IOWA FARM BUREAU FEDERATION D/B/A WOODBURY COUNTY FARM BUREAU, founded in 1917, is a small nonprofit that reported $292K in total revenue in fiscal year 2024. The organization ran a surplus of $77K, a strong 26% operating margin.

Mission

TO CREATE A VIBRANT FUTURE FOR AGRICULTURE, FARM FAMILIES & 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 $36,091

Program Service Revenue $123,635

Investment Income $79,953

Other Revenue $52,433

TOTAL REVENUE $292,112

Expense Breakdown

Grants Paid $8,300

Salaries & Benefits $91,231

Fundraising Expenses $0

Other Expenses $112,534

TOTAL EXPENSES $214,973

Year-over-Year Comparison

	2024	2023	Change
Revenue	$292,112	$276,345	+0.1%
Expenses	$214,973	$219,346	0.0%
Net Income	$77,139	$56,999	+0.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL HAIR	PRESIDENT	1.50	Officer Director	$0	$0	$0
BETH MCGRATH	SECRETARY	1.50	Officer Director	$0	$0	$0
VERNON KNAACK	TREASURER	1.50	Officer Director	$0	$0	$0
TOM BRIDE	VOTING DELEGATE	1.50	Officer Director	$0	$0	$0
CODY WILLIAMS	DIRECTOR	0.50	Director	$0	$0	$0
PETER WIDMAN	DIRECTOR	0.50	Director	$0	$0	$0
ERIC NELSON	DIRECTOR	0.50	Director	$0	$0	$0
BART PETERSEN	DIRECTOR	0.50	Director	$0	$0	$0
ZACH HUMMEL	DIRECTOR	0.50	Director	$0	$0	$0
DON WOHLERT	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	$292,112	$214,973	$1,667,490	$77,139
2023	$276,345	$219,346	$1,605,990	$56,999
2022	$1,217,295	$189,952	$1,555,476	$1,027,343
2021	$346,877	$139,589	$534,815	$207,288
2020	$176,275	$152,789	$323,704	$23,486

IOWA FARM BUREAU FEDERATION D/B/A WOODBURY COUNTY FARM BUREAU