NANSEMOND 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

1971

Legal Domicile

Principal Officer

RICHARD BAILEY

Phone

7579342321

Tax Period

2025-01-01 to 2025-12-31

NANSEMOND COUNTY FARM BUREAU, founded in 1971, is a small nonprofit that reported $229K in total revenue in fiscal year 2025. Expenses of $207K left a modest 10% 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 STATE 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $221,165

Investment Income $7,970

Other Revenue $0

TOTAL REVENUE $229,135

Expense Breakdown

Grants Paid $2,300

Salaries & Benefits $101,093

Fundraising Expenses $0

Other Expenses $102,686

TOTAL EXPENSES $207,204

Year-over-Year Comparison

	2025	2024	Change
Revenue	$229,135	$224,521	+0.0%
Expenses	$207,204	$192,514	+0.1%
Net Income	$21,931	$32,007	-0.3%

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

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
RICHARD BAILEY	PRESIDENT	2.31	Officer Director	$0	$0	$0
MIKE ELLIS	VICE PRESIDENT	0.69	Officer Director	$0	$0	$0
RICHARD WILLIAMS	TREASURER	0.88	Officer Director	$0	$0	$0
BENNY COPELAND	DIRECTOR	0.19	Director	$0	$0	$0
JASON HOLLAND	DIRECTOR	0.38	Director	$0	$0	$0
JOE BARLOW	DIRECTOR	1.35	Director	$0	$0	$0
RICHARD GWALTNEY	DIRECTOR	1.88	Director	$0	$0	$0
MONTE WALDEN	DIRECTOR	0.12	Director	$0	$0	$0
WAYNE BYRUM	DIRECTOR	0.54	Director	$0	$0	$0
DAVID BOSSELMAN	DIRECTOR	1.31	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	$229,135	$207,204	$289,843	$21,931
2024	$224,521	$192,514	$268,604	$32,007
2023	$205,894	$179,848	$243,568	$26,046