PRACTICAL FARMERS OF IOWA

EIN: 421255174 501(c)(3)

AMES, IA

Total Revenue
$18,254,890
Total Expenses
$13,692,649
Total Assets
$13,608,462
Net Assets
$12,610,428
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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
1985
Legal Domicile
IA
Principal Officer
SALLY WORLEY
Phone
5152325661
Tax Period
2023-10-01 to 2024-09-30

PRACTICAL FARMERS OF IOWA, founded in 1985, is a mid-sized nonprofit that reported $18.3M in total revenue in fiscal year 2023. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.6M, a strong 25% operating margin.

Mission

EQUIPPING FARMERS TO BUILD RESILIENT FARMS AND 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 $18,384,687
Program Service Revenue $9,163
Investment Income $93,284
Other Revenue $-232,244
TOTAL REVENUE $18,254,890

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,465,176
Fundraising Expenses $136,808
Program Expenses $12,019,957
Other Expenses $10,227,473
TOTAL EXPENSES $13,692,649

Year-over-Year Comparison

2023 2022 Change
Revenue $18,254,890 $11,511,245 +0.6%
Expenses $13,692,649 $7,536,954 +0.8%
Net Income $4,562,241 $3,974,291 +0.1%
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

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Governance

Voting Members
12
Independent Members
12
Employees
50
Volunteers
52

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
6
$187,836
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROSMANN DAVID PRESIDENT 2.00
Officer Director
$0 $0 $0
BLACK CARMEN VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
BAKEHOUSE JON TREASURER 2.00
Officer Director
$0 $0 $0
OLSON GAYLE SECRETARY 2.00
Officer Director
$0 $0 $0
ANDERSON NATHAN DIRECTOR 1.00
Director
$0 $0 $0
BOYER JACK DIRECTOR 1.00
Director
$0 $0 $0
KALLEM LARRY DIRECTOR 1.00
Director
$0 $0 $0
LANG KRISTINE DIRECTOR 1.00
Director
$0 $0 $0
LIEBMAN MATT DIRECTOR 1.00
Director
$0 $0 $0
RIDEGWAY SHAFFER DIRECTOR 1.00
Director
$0 $0 $0
SMITH MARGARET DIRECTOR 1.00
Director
$0 $0 $0
YOUNGQUIST TIM DIRECTOR 1.00
Director
$0 $0 $0
WORLEY SALLY EXECUTIVE DIRECTOR 40.00
Officer
$108,143 $17,807 $125,950
BUNCE KASEY FINANCE DIRECTOR 40.00
Officer
$56,876 $5,010 $61,886
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 $18,254,890 $13,692,649 $13,608,462 $4,562,241
2023 $11,511,245 $7,536,954 $8,549,641 $3,974,291
2022 $5,203,302 $4,226,561 $4,239,572 $976,741
2021 $3,884,964 $3,639,671 $3,629,239 $245,293
2020 $3,772,817 $3,029,854 $3,428,266 $742,963
2019 $1,898,945 $2,669,958 $2,396,710 $-771,013
2018 $3,179,832 $2,001,730 $3,228,242 $1,178,102
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