KANSAS FARMHOUSE ASSOCIATION (EIN 486117543) - 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

1932

Legal Domicile

Principal Officer

TIM HADACHEK

Phone

6203323983

Tax Period

2024-01-01 to 2024-12-31

KANSAS FARMHOUSE ASSOCIATION, founded in 1932, is a small nonprofit in the Recreation & Sports sector that reported $622K in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Net assets of $2.8M represent 55 months of operating reserves.

Mission

MAINTAIN RESIDENCE FOR ACTIVE AFFILIATED CHAPTER. HELP ESTABLISH AN ATMOSPHERE CONDUCIVE TO EDUCATION & SCHOLASTIC PURSUITS AMONG CHAPTER 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 $111,396

Program Service Revenue $501,675

Investment Income $3,805

Other Revenue $4,988

TOTAL REVENUE $621,864

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,515

Fundraising Expenses $0

Other Expenses $594,784

TOTAL EXPENSES $626,299

Year-over-Year Comparison

	2024	2023	Change
Revenue	$621,864	$516,122	+0.2%
Expenses	$626,299	$538,212	+0.2%
Net Income	$-4,435	$-22,090	-0.8%

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
QUINTON BERGGREN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BLOOMFIELD	DIRECTOR	1.00	Director	$0	$0	$0
RANEY GILLILAND	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
TIM HADACHEK	PRESIDENT	3.00	Officer Director	$0	$0	$0
AARON KAUFMANN	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL LAVERENTZ	TREASURER	3.00	Officer Director	$0	$0	$0
DAVE NELSON	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN SCHMUTZ	SECRETARY	1.00	Officer Director	$0	$0	$0
WADE WILBUR	DIRECTOR	1.00	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
2024	$621,864	$626,299	$3,845,794	$-4,435
2023	$516,122	$538,212	$3,966,031	$-22,090
2022	$528,150	$479,044	$3,862,967	$49,106
2021	$485,858	$423,801	$3,978,564	$62,057
2020	$1,404,357	$330,574	$4,030,670	$1,073,783
2019	$744,771	$280,358	$2,007,709	$464,413
2018	$552,683	$288,976	$1,348,198	$263,707

KANSAS FARMHOUSE ASSOCIATION