WEST VIRGINIA FUTURE FARMERS OF AMERICA FOUNDATION INC (EIN 550649878) - 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

1991

Legal Domicile

Principal Officer

Donald L Michael

Phone

3045582347

Tax Period

2024-01-01 to 2024-12-31

WEST VIRGINIA FUTURE FARMERS OF AMERICA FOUNDATION INC, founded in 1991, is a small nonprofit that reported $100K in total revenue in fiscal year 2024. Revenue surged 95% from the prior year, signaling strong growth momentum. The organization ran a surplus of $83K, a strong 82% operating margin.

Mission

Provide support to WV Agricultural Education / Future Farmers of America program through various scholarships and awards programs made available to all enrollees at the secondary and undergraduate level.

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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 $34,679

Program Service Revenue $34,615

Investment Income $24,741

Other Revenue $6,378

TOTAL REVENUE $100,413

Expense Breakdown

Grants Paid $16,825

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $17,807

Other Expenses $982

TOTAL EXPENSES $17,807

Year-over-Year Comparison

	2024	2023	Change
Revenue	$100,413	$51,364	+1.0%
Expenses	$17,807	$25,805	-0.3%
Net Income	$82,606	$25,559	+2.2%

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
BEN CUMMINGS	CHAIRMAN	2.00	Officer	$0	$0	$0
LLOYD EARNEST	VICE CHAIRMAN	2.00	Officer	$0	$0	$0
KATIE FITZSIMMONS	SECRETARY	3.00	Officer	$0	$0	$0
DONALD L MICHAEL	TREASURER	2.00	Officer	$0	$0	$0
ISAIAH ASH	WV FFA ASSOCI	2.00	Director	$0	$0	$0
CRAIG CANTERBURY	WVAAE-PRES	2.00	Director	$0	$0	$0
PAULA ASH KEPLINGER	DIRECTOR	2.00	Director	$0	$0	$0
KARI BROWN	ST FFA ADVISOR	N/A	Director	$0	$0	$0
LONNIE BREWSTER	DIRECTOR	2.00	Director	$0	$0	$0
JIM EISENTROUT	DIRECTOR	2.00	Director	$0	$0	$0
MITCH FINCHAM	DIRECTOR	2.00	Director	$0	$0	$0
HOWARD HENDERSON	DIRECTOR	2.00	Director	$0	$0	$0
KEITH RICHMOND	DIRECTOR	2.00	Director	$0	$0	$0
RON GIRMES	DIRECTOR	2.00	Director	$0	$0	$0
KENT LEONHARDT	WV AG COMMISSIONER	2.00	Director	$0	$0	$0
DR KERRY ODELL	DIRECTOR	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	No data	No data	No data	No data
2024	$100,413	$17,807	$971,207	$82,606
2023	$51,364	$25,805	$887,541	$25,559
2022	$20,223	$38,300	$832,014	$-18,077
2021	$56,948	$19,227	$881,744	$37,721
2020	$35,697	$5,600	$846,094	$30,097

WEST VIRGINIA FUTURE FARMERS OF AMERICA FOUNDATION INC