Iowa Farm Bureau Federation (EIN 420685010) - 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

1913

Legal Domicile

Phone

7122625708

Tax Period

2024-01-01 to 2024-12-31

Iowa Farm Bureau Federation, founded in 1913, is a micro nonprofit that reported $86K in total revenue in fiscal year 2024. Expenses of $81K left a modest 5% surplus.

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 $13,149

Program Service Revenue $42,770

Investment Income $29,986

Other Revenue $0

TOTAL REVENUE $85,905

Expense Breakdown

Grants Paid $3,336

Salaries & Benefits $13,783

Fundraising Expenses $0

Other Expenses $64,175

TOTAL EXPENSES $81,294

Year-over-Year Comparison

	2024	2023	Change
Revenue	$85,905	$83,266	+0.0%
Expenses	$81,294	$90,240	-0.1%
Net Income	$4,611	$-6,974	-1.7%

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

302

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

$100

Total Directors

$160

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin Goeken	President	2.50	Officer Director	$0	$20	$20
Casey Schomaker	Vice President	2.50	Officer Director	$0	$20	$20
Barb Schomaker	Secretary	2.50	Officer Director	$0	$0	$0
Tyler Tessum	Treasurer	2.50	Officer Director	$0	$20	$20
Ray Foerster	Voting Delegate	2.50	Officer Director	$0	$40	$40
Mike Maurer	Director	1.50	Director	$0	$20	$20
Anthony Myers	Director (11/24)	1.50	Director	$0	$0	$0
Ben Pullen	Director	1.50	Director	$0	$0	$0
Tim Schwenneker	Director	1.50	Director	$0	$30	$30
Nick Smith	Director	1.50	Director	$0	$0	$0
Leo Stephas	Director	1.50	Director	$0	$10	$10
Steve Steinbeck	Former Director (10/24)	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	$85,905	$81,294	$1,173,175	$4,611
2023	$83,266	$90,240	$1,164,104	$-6,974
2022	$1,075,224	$76,651	$1,166,290	$998,573

Iowa Farm Bureau Federation