WASHINGTON COUNTY FARM BUREAU

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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

1950

Legal Domicile

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 $140K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $136K left a modest 3% surplus.

Mission

NONE

Program Service Accomplishments

Program 1

PUBLIC AFFAIRS - WE PROVIDE INFORMATION TO MEMBERS REGARDING COMMON PROBLEMS AFFECTED BY LOCAL, STATE AND FEDERAL LEGISLATION.

Program 2

COMMODITIES - WORKING WITH SPECIALLY TRAINED VIRGINIA FARM BUREAU EMPLOYEES TO SOLVE COMMON PROBLEMS OF COMMODITY GROUPS WITHIN OUR MEMBERSHIP.

Program 3

COMMUNICATIONS - DISTRIBUTION OF INFORMATION TO MEMBERS OF THE ORGANIZATION VIA NEWSLETTERS.

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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 $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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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
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