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

1912

Legal Domicile

Principal Officer

JEFFREY CHOWN

Phone

5632635353

Tax Period

2024-01-01 to 2024-12-31

IOWA FARM BUREAU FEDERATION D/B/A MUSCATINE COUNTY FARM BUREAU, founded in 1912, is a small nonprofit that reported $219K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $78K, a strong 35% operating margin.

Mission

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

Program Service Accomplishments

Program 1

AGRICULTURAL PROMOTION: RESIDENTS OF MUSCATINE COUNTY ARE MADE AWARE OF THE IMPORTANCE OF AGRICULTURE THROUGH A VARIETY OF MEDIA OUTLETS. DURING THE SPRING AND FALL, SPONSORSHIP OF A RADIO STATION...

AGRICULTURAL PROMOTION: RESIDENTS OF MUSCATINE COUNTY ARE MADE AWARE OF THE IMPORTANCE OF AGRICULTURE THROUGH A VARIETY OF MEDIA OUTLETS. DURING THE SPRING AND FALL, SPONSORSHIP OF A RADIO STATION AGRICULTURE ROUND TABLE OCCURRED MAKING LISTENERS AWARE OF CURRENT EVENTS AFFECTING AGRICULTURE. SPOTS ARE PLACED WITH A RADIO STATION IN MUSCATINE PROMOTING A VARIETY OF COMMODITIES PRODUCED LOCALLY AND THE BENEFITS, ECONOMIC AND NUTRITIONALLY TO ALL. A SMALLER AUDIENCE IS REACHED THROUGH NEWSPRINT SOURCES IN AREA NEWSPAPERS STRESSING THE SAME POINTS. PARTNERING WITH THE MUSCATINE COUNTY FAIR OCCURRED IN AN EFFORT TO REVITALIZE THE OLDEST STRUCTURE LOCATED ON THE FAIRGROUNDS- THE GRANDSTAND.

Program 2

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

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

Program 3

PUBLIC POLICY: 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...

PUBLIC POLICY: 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.

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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 $23,086

Program Service Revenue $92,600

Investment Income $103,237

Other Revenue $0

TOTAL REVENUE $218,923

Expense Breakdown

Grants Paid $10,550

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $127,431

TOTAL EXPENSES $141,233

Year-over-Year Comparison

	2024	2023	Change
Revenue	$218,923	$182,609	+0.2%
Expenses	$141,233	$135,359	+0.0%
Net Income	$77,690	$47,250	+0.6%

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

N/A

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

$215

Total Directors

$395

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY CHOWN	PRESIDENT	1.50	Officer Director	$0	$30	$30
BRIAN FARGO	VICE PRESIDENT	1.50	Officer Director	$0	$90	$90
GRANT MAURER	SECRETARY/TREASURER	1.50	Officer Director	$0	$35	$35
BILL PETERSEN	VOTING DELEGATE	1.50	Officer Director	$0	$60	$60
ADAM GAUGER	DIRECTOR	0.50	Director	$0	$50	$50
CALEB KAUFMANN	DIRECTOR	0.50	Director	$0	$0	$0
CRAIG GRUENHAGEN	DIRECTOR	0.50	Director	$0	$20	$20
DAVID SCOTT	DIRECTOR	0.50	Director	$0	$30	$30
DOUG NOLTE	DIRECTOR	0.50	Director	$0	$30	$30
JASON WERTZBAUGHER	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT BEATTY	DIRECTOR	0.50	Director	$0	$35	$35
RONNIE GRUENHAGEN	DIRECTOR	0.50	Director	$0	$15	$15

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	$218,923	$141,233	$1,778,760	$77,690
2023	$182,609	$135,359	$1,706,361	$47,250
2022	$1,151,892	$127,263	$1,625,853	$1,024,629
2021	$168,488	$133,948	$715,147	$34,540
2020	$145,601	$117,487	$670,595	$28,114

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