Iowa Farm Bureau Federation

EIN: 420685012

Thompson, IA

Total Revenue
$79,073
Total Expenses
$64,150
Total Assets
$1,409,713
Net Assets
$1,408,019
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1918
Legal Domicile
IA
Phone
6415842265
Tax Period
2023-01-01 to 2023-12-31

Iowa Farm Bureau Federation, founded in 1918, is a micro nonprofit that reported $79K in total revenue in fiscal year 2023. Revenue fell 93% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $15K, a strong 19% 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $12,329
Program Service Revenue $34,155
Investment Income $33,743
Other Revenue $-1,154
TOTAL REVENUE $79,073

Expense Breakdown

Grants Paid $7,933
Salaries & Benefits $18,028
Fundraising Expenses $0
Other Expenses $38,189
TOTAL EXPENSES $64,150

Year-over-Year Comparison

2023 2022 Change
Revenue $79,073 $1,075,147 -0.9%
Expenses $64,150 $61,928 +0.0%
Net Income $14,923 $1,013,219 -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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Governance

Voting Members
11
Independent Members
11
Employees
1
Volunteers
130

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
5
$550
Total Directors
16
$1,265
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mike Kettwick President 2.50
Officer Director
$0 $110 $110
Jacob West Vice President 2.50
Officer Director
$0 $110 $110
Michael Yegge Secretary (11/23) 2.50
Officer Director
$0 $110 $110
Harley Hassebroek Treasurer 2.50
Officer Director
$0 $110 $110
Scott Anderson Voting Delegate 2.50
Officer Director
$0 $110 $110
Robert Nath Director 1.50
Director
$0 $110 $110
Zach Smith Former Director (10/23) 1.50
Director
$0 $0 $0
Larry Flick Former Director (10/23) 1.50
Director
$0 $0 $0
Ben Mastson Former Director (10/23) 1.50
Director
$0 $55 $55
Donald Mathahs Former Director (10/23) 1.50
Director
$0 $55 $55
Jay Mathahs Director 1.50
Director
$0 $0 $0
Ted Thompson Director 1.50
Director
$0 $110 $110
Tyler Smith Former Director (10/23) 1.50
Director
$0 $55 $55
Carolyn Badje Director 1.50
Director
$0 $110 $110
Holden Nyhus Director 1.50
Director
$0 $110 $110
Steven Olsen Director 1.50
Director
$0 $110 $110
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 $79,073 $64,150 $1,409,713 $14,923
2022 $1,075,147 $61,928 $1,358,173 $1,013,219
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