HALIFAX COUNTY FARM BUREAU (EIN 540542923) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1936

Legal Domicile

Principal Officer

CARL DANIEL

Phone

4345724529

Tax Period

2024-12-01 to 2025-11-30

HALIFAX COUNTY FARM BUREAU, founded in 1936, is a small nonprofit that reported $145K in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $37K, a strong 26% operating margin.

Mission

AN ORGANIZATION OF PERSONS INTERESTED IN AGRICULTURE AND THE BETTERMENT OF AGRICULTURAL EDUCATION, ECONOMIC OPPORTUNITY, AND SOCIAL ADVANCEMENT.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $87,667

Investment Income $55,522

Other Revenue $1,984

TOTAL REVENUE $145,173

Expense Breakdown

Grants Paid $13,700

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $92,502

TOTAL EXPENSES $107,793

Year-over-Year Comparison

	2024	2023	Change
Revenue	$145,173	$93,270	+0.6%
Expenses	$107,793	$102,700	+0.0%
Net Income	$37,380	$-9,430	-5.0%

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

N/A

Volunteers

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
CARL DANIEL	PRESIDENT	3.46	Officer Director	$0	$0	$0
ADAM DAVIS	VICE PRESIDENT	0.58	Officer Director	$0	$0	$0
CATHERINE YOUNGER	WOMENS COMMITTEE CHAIR	1.88	Director	$0	$0	$0
JOHN VOSS	SECRETARY/TREASURER	0.36	Officer Director	$0	$0	$0
LUKE HUDSON	YOUNG FARMERS CHAIR	0.29	Director	$0	$0	$0
ANDREW BRUCE SLAGLE	DIRECTOR	1.71	Director	$0	$0	$0
STEVEN BOWEN	DIRECTOR	0.25	Director	$0	$0	$0
RONNIE OWEN JR	DIRECTOR	0.05	Director	$0	$0	$0
W PAGE WILKERSON	DIRECTOR	0.48	Director	$0	$0	$0
BRUCE PEARCE	DIRECTOR	1.79	Director	$0	$0	$0
CHARLES JAMES ANDERSON JR	DIRECTOR	0.35	Director	$0	$0	$0
GARLAND COMER	IMMEDIATE PAST PRESIDENT	0.14	Director	$0	$0	$0
CHARLES FEARS	DIRECTOR	0.35	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	$145,173	$107,793	$508,881	$37,380

HALIFAX COUNTY FARM BUREAU