Future Farmers of America

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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

1927

Legal Domicile

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 AGRICULTURAL EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $16,046,443 Revenue: $15,546,949

FFA'S LOCAL, STATE, AND NATIONAL PROGRAMS AND ACTIVITIES HELP MEMBERS DEVELOP PUBLIC SPEAKING SKILLS, CONDUCT AND PARTICIPATE IN MEETINGS, MANAGE FINANCIAL MATTERS, STRENGTHEN PROBLEM-SOLVING...

FFA'S LOCAL, STATE, AND NATIONAL PROGRAMS AND ACTIVITIES HELP MEMBERS DEVELOP PUBLIC SPEAKING SKILLS, CONDUCT AND PARTICIPATE IN MEETINGS, MANAGE FINANCIAL MATTERS, STRENGTHEN PROBLEM-SOLVING ABILITIES, AND ASSUME CIVIC RESPONSIBILITY. DEGREES EARNED AT LOCAL, STATE, AND NATIONAL LEVELS RECOGNIZE MEMBERS' INCREASING ACCOMPLISHMENT.

Program 2

Expenses: $8,561,459 Revenue: $8,651,052

THE NATIONAL FFA ORGANIZATION, GOVERNED BY A BOARD OF DIRECTORS, CHARTERS STATE ASSOCIATIONS; PROVIDES DIRECTION; PROGRAMMATIC MATERIALS AND SUPPORT; AND HOSTS THE NATIONAL FFA CONVENTION AND EXPO...

THE NATIONAL FFA ORGANIZATION, GOVERNED BY A BOARD OF DIRECTORS, CHARTERS STATE ASSOCIATIONS; PROVIDES DIRECTION; PROGRAMMATIC MATERIALS AND SUPPORT; AND HOSTS THE NATIONAL FFA CONVENTION AND EXPO, WHICH DRAWS OVER 72,000 ATTENDEES EACH OCTOBER. THE WASHINGTON LEADERSHIP CONFERENCE USUALLY HAS OVER 1,700 TOTAL PARTICIPANTS (INCLUDING ADVISORS, STUDENTS, AND GUESTS).

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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 $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

Governance

Voting Members

Independent Members

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

$735,380

Total Directors

Key Employees

Highest Compensated

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