Iowa Farm Bureau Federation (EIN 420688067) - 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

5635473542

Tax Period

2023-01-01 to 2023-12-31

Iowa Farm Bureau Federation, founded in 1918, is a small nonprofit that reported $173K in total revenue in fiscal year 2023. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $168K left a modest 3% 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 (2023)

Revenue Breakdown

Contributions & Grants $13,794

Program Service Revenue $31,770

Investment Income $27,018

Other Revenue $100,870

TOTAL REVENUE $173,452

Expense Breakdown

Grants Paid $3,900

Salaries & Benefits $93,276

Fundraising Expenses $0

Other Expenses $70,994

TOTAL EXPENSES $168,170

Year-over-Year Comparison

	2023	2022	Change
Revenue	$173,452	$1,131,049	-0.8%
Expenses	$168,170	$133,107	+0.3%
Net Income	$5,282	$997,942	-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

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

$90

Total Directors

$180

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Neil Shaffer	President	2.00	Officer Director	$0	$0	$0
Tommy Pecinovsky	Vice President	2.00	Officer Director	$0	$0	$0
Spiff Slifka	Secretary	2.00	Officer Director	$0	$45	$45
Brandon Reis	Treasurer	2.00	Officer Director	$0	$0	$0
Brian Haeflinger	Voting Delegate	2.00	Officer Director	$0	$45	$45
Brent Bronner	Director	1.00	Director	$0	$45	$45
Tim Huhe	Director	1.00	Director	$0	$0	$0
Matt Beran	Director	1.00	Director	$0	$0	$0
Barry Christensen	Director	1.00	Director	$0	$45	$45

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	$173,452	$168,170	$1,138,436	$5,282
2022	$1,131,049	$133,107	$1,135,385	$997,942

Iowa Farm Bureau Federation