Future Farmers of America

EIN: 540524844 501(c)(3) Youth Development

Indianapolis, IN

Total Revenue
$36,130,783
Total Expenses
$30,288,291
Total Assets
$38,031,211
Net Assets
$31,579,080
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1927
Legal Domicile
DC
Phone
3178024306
Tax Period
2023-01-01 to 2023-12-31

Future Farmers of America, founded in 1927, is a mid-sized nonprofit in the Youth Development sector that reported $36.1M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $5.8M, a strong 16% operating margin.

Mission

FFA MAKES A POSITIVE DIFFERENCE IN THE LIVES OF STUDENTS BY DEVELOPING THEIR POTENTIAL FOR PREMIER LEADERSHIP, PERSONAL GROWTH AND CAREER SUCCESS THROUGH AG EDUCATION.

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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 $9,506,678
Program Service Revenue $17,185,587
Investment Income $1,045,807
Other Revenue $8,392,711
TOTAL REVENUE $36,130,783

Expense Breakdown

Grants Paid $2,555,568
Salaries & Benefits $9,791,037
Fundraising Expenses $0
Program Expenses $24,607,902
Other Expenses $17,941,686
TOTAL EXPENSES $30,288,291

Year-over-Year Comparison

2023 2022 Change
Revenue $36,130,783 $30,802,321 +0.2%
Expenses $30,288,291 $27,781,178 +0.1%
Net Income $5,842,492 $3,021,143 +0.9%
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
13
Independent Members
13
Employees
174
Volunteers
4545

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
7
$735,380
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A National Executive Secretary 1.0
Officer Director
$0 $0 $0
N/A National Treasurer 1.0
Officer Director
$0 $0 $0
N/A Nat'l Advisor & Board Chairman 1.0
Officer Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A CHIEF PROGRAM OFFICER 40.0
Officer
$165,174 $37,164 $202,338
N/A CHIEF FINANCIAL OFFICER (Beg 06/23) 30.0
Officer
$64,177 $19,189 $104,474
N/A CHIEF FINANCIAL OFFICER (END 03/23) 30.0
Officer
$59,162 $17,999 $96,882
N/A CHIEF EXECUTIVE OFFICER 20.0
Officer
$135,898 $60,922 $331,686
N/A Director, Human Resources 40.0
Highest
$128,261 $28,859 $157,120
N/A DIRECTOR, MARKETING COMM. 40.0
Highest
$120,567 $27,127 $147,694
N/A DIRECTOR, MERCHANDISE SVCS 40.0
Highest
$130,194 $29,294 $159,488
N/A DIRECTOR, INFORMATION TECH. 40.0
Highest
$163,656 $36,823 $200,479
N/A Managing Director, NCAE & Assoc Director, Strategic Initiatives 40.0
Highest
$113,593 $25,558 $139,151
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 No data No data No data No data
2023 $36,130,783 $30,288,291 $38,031,211 $5,842,492
2022 $30,802,321 $27,781,178 $31,064,546 $3,021,143
2021 $26,301,336 $23,119,840 $32,468,841 $3,181,496
2020 $17,713,634 $18,836,416 $26,115,765 $-1,122,782
2019 $30,437,946 $30,141,284 $25,927,644 $296,662
2018 $31,476,732 $30,378,867 $30,484,555 $1,097,865
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