FARM EQUIPMENT MANUFACTURERS ASSOC (EIN 430712976) - 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

1956

Legal Domicile

Principal Officer

TIM BURENGA

Phone

3148782304

Tax Period

2024-09-01 to 2025-08-31

FARM EQUIPMENT MANUFACTURERS ASSOC, founded in 1956, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Net assets of $5.3M represent 58 months of operating reserves.

Mission

THE ASSOCIATION SHALL PROVIDE INDUSTRY LEADERSHIP TO ENHANCE BUSINESS OPPORTUNITIES AND PROFITABILITY TO THE MEMBERSHIP BY PROVIDING A FORUM FOR MARKETING SHORTLINE EQUIPMENT THROUGH NETWORKING, COMMUNICATIONS, AND TECHNOLOGY, AND A FORUM FOR PURCHASING MATERIALS AND SERVICES REQUIRED BY THE MEMBERS.

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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 $300

Program Service Revenue $829,973

Investment Income $230,915

Other Revenue $44,220

TOTAL REVENUE $1,105,408

Expense Breakdown

Grants Paid $0

Salaries & Benefits $485,068

Fundraising Expenses $0

Other Expenses $680,353

TOTAL EXPENSES $1,165,421

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,105,408	$1,059,600	+0.0%
Expenses	$1,165,421	$1,055,319	+0.1%
Net Income	$-60,013	$4,281	-15.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM BURENGA	TREASURER	N/A	Officer Director	$0	$0	$0
KAT COOMBES	DIRECTOR	N/A	Director	$0	$0	$0
JEFF DANIEL	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT EISENMENGER	2ND VICE PRE	N/A	Officer Director	$0	$0	$0
CLAIR ELLIS	DIRECTOR	N/A	Director	$0	$0	$0
DAVID HELLSBUSCH	DIRECTOR	N/A	Director	$0	$0	$0
MARC IVEY	PRESIDENT	N/A	Officer Director	$0	$0	$0
GLENDON KUHNS	DIRECTOR	N/A	Director	$0	$0	$0
PHIL LANDOLL	SECRETARY	N/A	Officer Director	$0	$0	$0
PAUL LINK	DIRECTOR	N/A	Director	$0	$0	$0
COR LODDER	DIRECTOR	N/A	Director	$0	$0	$0
ROGER MURDOCK	DIRECTOR	N/A	Director	$0	$0	$0
RANDY REINKE	EX-OFFICIO	N/A	Officer Director	$0	$0	$0
JOE SAMPSON	DIRECTOR	N/A	Director	$0	$0	$0
JAMES SHURTS	DIRECTOR	N/A	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
2025	$1,105,408	$1,165,421	$5,583,356	$-60,013
2024	No data	No data	No data	No data
2023	$1,035,732	$1,160,398	$4,872,835	$-124,666
2022	$923,223	$965,082	$4,847,175	$-41,859
2021	$709,854	$828,845	$5,387,088	$-118,991
2020	$819,676	$702,639	$5,094,591	$117,037
2019	$996,020	$872,932	$4,805,645	$123,088
2018	$1,053,068	$907,353	$4,632,910	$145,715

FARM EQUIPMENT MANUFACTURERS ASSOC