WEST VIRGINIA FARM BUREAU INC (EIN 550371723) - Form 990 Financial Analysis & Trantor Score

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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

1939

Legal Domicile

Principal Officer

STEPHEN P BUTLER

Phone

3044722080

Tax Period

2024-10-01 to 2025-09-30

WEST VIRGINIA FARM BUREAU INC, founded in 1939, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Expenses of $1.3M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE LEADERSHIP, EDUCATION, INFORMATION, TRAINING AND ECONOMIC SERVICES FOR MEMBERS AND COUNTY FARM BUREAUS TO ENHANCE THE QUALITY OF FARMING IN WEST VIRGINIA THROUGH THE BETTERMENT OF CONDITIONS OF THOSE ENGAGED IN AGRICULTURE, THE IMPROVEMENT IN THE GRADE OF THEIR PRODUCTS, AND DEVELOPMENT OF A HIGHER DEGREE OF EFFICIENCY IN THEIR AGRICULTURAL PURSUITS.

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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 $352,128

Program Service Revenue $81,834

Investment Income $152,889

Other Revenue $572,716

TOTAL REVENUE $1,159,567

Expense Breakdown

Grants Paid $5,140

Salaries & Benefits $562,360

Fundraising Expenses $0

Other Expenses $750,742

TOTAL EXPENSES $1,318,242

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,159,567	$1,196,552	0.0%
Expenses	$1,318,242	$1,229,235	+0.1%
Net Income	$-158,675	$-32,683	+3.9%

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

Volunteers

N/A

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

$110,538

Total Directors

$13,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN P BUTLER	EXECUTIVE SE	31.00	Officer	$94,335	$12,363	$106,698
CHARLES WILFONG	BOD,PRES, EX	2.00	Officer Director	$2,320	$0	$2,320
PAT NESTOR	BOD	2.00	Director	$2,200	$0	$2,200
MICHAEL R MORRIS	BOD	2.00	Director	$1,600	$0	$1,600
MICHAEL MERINAR	BOD	2.00	Director	$1,200	$0	$1,200
JOHN PITSENBARGER	BOD AND EXEC	2.00	Officer Director	$1,040	$0	$1,040
PAMELA HESSLER	BOD, STATE W	2.00	Director	$720	$0	$720
MICHELLE WILFONG	BOD, ST. YF&	2.00	Director	$680	$0	$680
JOE CLAY	BOD	2.00	Director	$640	$0	$640
STEVE CONRAD	BOD	2.00	Director	$560	$0	$560
DAVID R PARKER	BOD	2.00	Director	$560	$0	$560
DENNIS FUNK	BOD	2.00	Director	$480	$0	$480
DANIELLE GRANT	BOD AND EXEC	2.00	Officer Director	$480	$0	$480
KORY HARMISON	BOD	2.00	Director	$320	$0	$320
LYNWOOD IRELAND	BOD	2.00	Director	$320	$0	$320
JOHN KING JR	BOD	2.00	Director	$280	$0	$280
DAVID W ASH	BOD	2.00	Director	$0	$0	$0
ALVIN ENGELKE	BOD	2.00	Director	$0	$0	$0
HERB KWASNIEWSKI	BOD	2.00	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	$1,159,567	$1,318,242	$4,198,184	$-158,675
2024	$1,196,552	$1,229,235	$4,248,023	$-32,683
2023	$1,222,888	$1,274,255	$4,053,549	$-51,367
2022	$1,249,405	$1,094,394	$4,035,440	$155,011
2021	$1,277,522	$942,099	$4,129,103	$335,423
2020	$1,254,758	$1,172,887	$3,768,219	$81,871
2019	$1,415,227	$1,406,995	$3,724,497	$8,232

WEST VIRGINIA FARM BUREAU INC