IOWA FARM BUREAU FEDERATION D/B/A … - Form 990 Financial Data

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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

MIKE JAMISON

Phone

3195232361

Tax Period

2024-01-01 to 2024-12-31

IOWA FARM BUREAU FEDERATION D/B/A LOUISA COUNTY FARM BUREAU, founded in 1917, is a small nonprofit that reported $107K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $38K, a strong 35% operating margin.

Mission

TO CREATE A VIBRANT FUTURE FOR AGRICULTURE, FARM FAMILIES AND THEIR COMMUNITIES.

Program Service Accomplishments

Program 1

YOUTH EDUCATION EXPENSE: INVESTING IN TOMORROW'S LEADERS ESPECIALLY THOSE INVOLVED WITH AGRICULTURE IS IMPORTANT TO LOUISA COUNTY FARM BUREAU. SEVEN HIGH SCHOOL GRADUATES WERE AWARDED SCHOLARSHIPS...

YOUTH EDUCATION EXPENSE: INVESTING IN TOMORROW'S LEADERS ESPECIALLY THOSE INVOLVED WITH AGRICULTURE IS IMPORTANT TO LOUISA COUNTY FARM BUREAU. SEVEN HIGH SCHOOL GRADUATES WERE AWARDED SCHOLARSHIPS. THESE SEVEN SUBMITTED APPLICATIONS THAT WERE REVIEWED BY THE SELECTION COMMITTEE AND PRESENTED THEIR RESPECTIVE AWARDS AT GRADUATION CEREMONIES.

Program 2

PUBLIC POLICY EXPENSE: MEMBERS HAVE THE OPPORTUNITY TO SURFACE ISSUES FOR INCLUSION IN THE POLICY DEVELOPMENT PROCESS. ALL ISSUES SURFACED ARE LATER ENTERED INTO THE POLICY DEVELOPMENT SYSTEM FOR...

PUBLIC POLICY EXPENSE: MEMBERS HAVE THE OPPORTUNITY TO SURFACE ISSUES FOR INCLUSION IN THE POLICY DEVELOPMENT PROCESS. ALL ISSUES SURFACED ARE LATER ENTERED INTO THE POLICY DEVELOPMENT SYSTEM FOR OTHER MEMBERS FROM ACROSS THE STATE TO REVIEW AND PRIORITIZE. ONCE POLICY IDEAS ARE ARRIVED AT, MEMBERS OPINIONS ON EACH ARE SOUGHT, POSITIONS ARRIVED AND THEN APPROVED.

Program 3

AGRICULTURAL PROMOTION EXPENSE: RESIDENTS OF LOUISA COUNTY ARE MADE AWARE OF THE IMPORTANCE OF AGRICULTURE THROUGH A VARIETY OF OUTLETS. ATTENDEES OF THE WAPELLO RODEO WERE MADE AWARE OF CURRENT...

AGRICULTURAL PROMOTION EXPENSE: RESIDENTS OF LOUISA COUNTY ARE MADE AWARE OF THE IMPORTANCE OF AGRICULTURE THROUGH A VARIETY OF OUTLETS. ATTENDEES OF THE WAPELLO RODEO WERE MADE AWARE OF CURRENT EVENTS AFFECTING AGRICULTURE. AGRICULTURE QUESTIONS WERE PROVIDED TO ATTENDEES WHO UTILIZED TECHNOLOGY TO RESPOND AND ENTER DRAWINGS. BREAK BAGS AND SAFETY TIPS WERE PROVIDED TO FARMERS DURING THE FALL HARVEST. A SMALLER AUDIENCE IS REACHED THROUGH NEWSPRINT SOURCES IN AREA NEWSPAPERS STRESSING THE SAME POINTS.

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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 $11,348

Program Service Revenue $35,480

Investment Income $61,133

Other Revenue $-858

TOTAL REVENUE $107,103

Expense Breakdown

Grants Paid $3,500

Salaries & Benefits $18,462

Fundraising Expenses $0

Other Expenses $42,950

TOTAL EXPENSES $69,379

Year-over-Year Comparison

	2024	2023	Change
Revenue	$107,103	$94,565	+0.1%
Expenses	$69,379	$65,491	+0.1%
Net Income	$37,724	$29,074	+0.3%

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

$390

Total Directors

$790

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE JAMISON	PRESIDENT	1.75	Officer Director	$0	$155	$155
JESSICA BUSTER	VICE PRESIDENT	1.75	Officer Director	$0	$105	$105
SAMANTHA JAMISON	SECRETARY	1.75	Officer Director	$0	$5	$5
MITCHELL GULDENPFENNIG	TREASURER	1.75	Officer Director	$0	$75	$75
GARY REES	VOTING DELEGATE	1.75	Officer Director	$0	$50	$50
AUSTIN HAYES	DIRECTOR	0.75	Director	$0	$30	$30
CHRIS BUFFINGTON	DIRECTOR	0.75	Director	$0	$110	$110
CHRIS HOEG	DIRECTOR	0.75	Director	$0	$60	$60
CLAYTON ROBISON	DIRECTOR	0.75	Director	$0	$0	$0
JUSTIN MCCULLOCH	DIRECTOR	0.75	Director	$0	$45	$45
NEIL DAVIS	DIRECTOR	0.75	Director	$0	$55	$55
RANDY TOWNSLEY	DIRECTOR	0.75	Director	$0	$0	$0
SCOTT HEATER	DIRECTOR	0.75	Director	$0	$45	$45
SETH TODD	DIRECTOR	0.75	Director	$0	$55	$55
SHANE MAIRET	DIRECTOR	0.75	Director	$0	$0	$0
TRENT SAMUELS	DIRECTOR	0.75	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	$107,103	$69,379	$1,313,746	$37,724
2023	$94,565	$65,491	$1,301,495	$29,074
2022	$1,097,387	$91,017	$1,293,633	$1,006,370

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