WASHINGTON COUNTY FARM BUREAU

EIN: 540625524

ABINGDON, VA

Total Revenue
$140,023
Total Expenses
$135,611
Total Assets
$730,938
Net Assets
$708,413
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1950
Legal Domicile
VA
Principal Officer
KEVIN THAYER
Phone
2766287135
Tax Period
2024-11-01 to 2025-10-31

WASHINGTON COUNTY FARM BUREAU, founded in 1950, is a small nonprofit that reported $138K in total revenue in fiscal year 2017. Net assets of $692K represent 60 months of operating reserves.

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

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $119,506
Investment Income $21,202
Other Revenue $-685
TOTAL REVENUE $140,023

Expense Breakdown

Grants Paid $17,075
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $116,466
TOTAL EXPENSES $135,611

Year-over-Year Comparison

2024 2023 Change
Revenue $140,023 $151,663 -0.1%
Expenses $135,611 $154,258 -0.1%
Net Income $4,412 $-2,595 -2.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
20
Independent Members
20
Employees
N/A
Volunteers
20

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
4
$0
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN THAYER PRESIDENT 5.00
Officer Director
$0 $0 $0
ADAM WILSON VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
MACK BAILEY TREASURER 5.00
Officer Director
$0 $0 $0
MICHAEL FOGLEMAN DIRECTOR 2.00
Director
$0 $0 $0
IKE ANDERSON DIRECTOR 2.00
Director
$0 $0 $0
JAMES MCKEE JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
KATHERINE JOHNSON WOMEN'S COMMITTEE CHAIR 5.00
Director
$0 $0 $0
WILLIAM BEAR LLOYD DIRECTOR 2.00
Director
$0 $0 $0
JOE MCCONNELL DIRECTOR 1.00
Director
$0 $0 $0
JEFF SULLINS DIRECTOR 1.00
Director
$0 $0 $0
TOMMY MUSICK DIRECTOR 1.00
Director
$0 $0 $0
ERNEST ZANE PIERCE DIRECTOR 1.00
Director
$0 $0 $0
CLAYTON THOMPSON DIRECTOR 1.00
Director
$0 $0 $0
SCOTT RECTOR DIRECTOR 2.00
Director
$0 $0 $0
KENNETH REYNOLDS DIRECTOR 1.00
Director
$0 $0 $0
CHRIS KILBY DIRECTOR 1.00
Director
$0 $0 $0
KELSYE DAVIDSON YF CHAIRMAN 1.00
Director
$0 $0 $0
CLAUDE EDDIE COUNTS DIRECTOR 1.00
Director
$0 $0 $0
SHASTA WILSON DIRECTOR 1.00
Director
$0 $0 $0
DIANE RECTOR SECRETARY 3.00
Officer
$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 $140,023 $135,611 $730,938 $4,412
2024 $151,663 $154,258 $726,130 $-2,595
2023 $147,344 $144,643 $730,987 $2,701
2022 $122,955 $142,336 $732,260 $-19,381
2021 $132,025 $120,792 $745,866 $11,233
2020 $134,095 $108,372 $734,873 $25,723
2019 $136,798 $142,395 $708,450 $-5,597
2018 $138,399 $136,379 $711,332 $2,020
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