PRACTICAL FARMERS OF IOWA

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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

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.

Program Service Accomplishments

Program 1

Expenses: $12,019,957 Revenue: $9,163

PRACTICAL FARMERS OF IOWA WORKED WITH 67 FARMERS TO CONDUCT 100 ON-FARM RESEARCH AND DOMNSTRATION PROJECTS ON CONVENTIONAL AND ORGANIC ROW CROP OPERATIONS, HORTICULTURAL FARMS, AND GRAZING SYSTEMS...

PRACTICAL FARMERS OF IOWA WORKED WITH 67 FARMERS TO CONDUCT 100 ON-FARM RESEARCH AND DOMNSTRATION PROJECTS ON CONVENTIONAL AND ORGANIC ROW CROP OPERATIONS, HORTICULTURAL FARMS, AND GRAZING SYSTEMS. THESE RESEARCH PROJECTS HELP FARMERS DIRECTLY ANSWER THE QUESTIONS THAT THEY HAVE ABOUT THEIR FARMS, AND THEY OFFER OPPORTUNITY TO LEARN FROM OTHER'S EXPERIENCES. 2) PRACTICAL FARMERS OF IOWA ALSO HOSTED APPROXIMATELY 247 EVENTS, INCLUDING FIELD DAYS, WORKSHOPS, WEBINARS, AND OTHER OUTREACH EVENTS EVERY YEAR 3) PFI FACILITATES COST-SHARE PROGRAMS TO REDUCE BARRIERS FARMERS FACE IN MAKING CHANGES ON THEIR FARMS. AS A RESULT OF FARMER-LED RESEARCH, EDUCATION AND PROGRAMS TO REDUCE BARRIERS TO MEET THEIR GOALS, FARMERS IN IOWA AND ACROSS THE MIDWEST ARE MAKING CHANGES IN THEIR OPERATIONS TO INCREASE THEIR PROFITABILITY, EFFICIENCY, AND STEWARDSHIP.

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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 $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

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

$187,836

Total Directors

Key Employees

Highest Compensated

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
2025	No data	No data	No data	No data
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