Maryland Farm Bureau Inc (EIN 520403490) - 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

1936

Legal Domicile

Principal Officer

PARKER WELCH

Phone

4109223426

Tax Period

2024-07-01 to 2025-06-30

Maryland Farm Bureau Inc, founded in 1936, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024. Expenses of $1.9M left a modest 7% surplus.

Mission

MARYLAND FARM BUREAU, INC. IS AN AGRICULTURAL, NOT-FOR-PROFIT MEMBERSHIP ORGANIZATION WHOSE MISSION IS TO PROTECT AND GROW MARYLAND AGRICULTURE AND PRESERVE RURAL LIFE.

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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 $82,245

Program Service Revenue $610,287

Investment Income $51,993

Other Revenue $1,334,925

TOTAL REVENUE $2,079,450

Expense Breakdown

Grants Paid $118,170

Salaries & Benefits $840,149

Fundraising Expenses $0

Other Expenses $981,226

TOTAL EXPENSES $1,939,545

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,079,450	$2,124,341	0.0%
Expenses	$1,939,545	$1,760,172	+0.1%
Net Income	$139,905	$364,169	-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

Volunteers

175

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

$157,507

Total Directors

$20,760

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PARKER WELCH	EXECUTIVE DIRECTOR	40.0	Officer	$126,847	$11,350	$138,197
JAMIE RALEY JR	PRESIDENT	10.0	Officer Director	$13,600	$0	$13,600
JO-ANN CHASON	FIRST VICE PRESIDENT	10.0	Officer Director	$5,210	$0	$5,210
CHRIS CATTERTON	SECOND VICE PRESIDENT	10.0	Officer Director	$500	$0	$500
IAN REIKIE	DIRECTOR	1.0	Director	$450	$0	$450
JAMIE TIRALLA	DIRECTOR	1.0	Director	$400	$0	$400
WILLIAM LAYTON	Director	1.0	Director	$400	$0	$400
FAR NASIR	Director	1.0	Director	$200	$0	$200
BRIAN SWEENEY	DIRECTOR	1.0	Director	$0	$0	$0
HOWIE FEAGA	DIRECTOR	1.0	Director	$0	$0	$0
JASON WATT	DIRECTOR	1.0	Director	$0	$0	$0
KARL SHLAGEL	DIRECTOR	1.0	Director	$0	$0	$0
JAYCI MITCHELL	Director	1.0	Director	$0	$0	$0
KIMMI DORAN-LYONS	Director	1.0	Director	$0	$0	$0
JENNIFER DEBNAM	Director	1.0	Director	$0	$0	$0
MARSHALL CAHALL	Director	1.0	Director	$0	$0	$0
VALARIE BRINSFIELD	DIRECTOR	1.0	Director	$0	$0	$0
ALAN ECK	DIRECTOR	1.0	Director	$0	$0	$0
RACHEL ECK	DIRECTOR	1.0	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	$2,079,450	$1,939,545	$5,660,440	$139,905
2024	$2,124,341	$1,760,172	$5,432,160	$364,169
2023	$1,908,603	$2,128,123	$4,893,068	$-219,520
2022	$2,258,057	$2,321,708	$5,158,269	$-63,651
2021	$1,946,937	$1,819,405	$5,698,518	$127,532
2020	$2,238,061	$1,935,258	$5,177,545	$302,803
2019	$2,518,339	$1,918,828	$5,016,158	$599,511

Maryland Farm Bureau Inc