NC FARM BUREAU FEDERATION INC

EIN: 560340590

RALEIGH, NC

Total Revenue
$17,745,700
Total Expenses
$16,494,455
Total Assets
$56,882,714
Net Assets
$41,590,284
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1936
Legal Domicile
NC
Principal Officer
W SHAWN B HARDING
Phone
9197821705
Tax Period
2023-01-01 to 2023-12-31

NC FARM BUREAU FEDERATION INC, founded in 1936, is a mid-sized nonprofit that reported $17.7M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $16.5M left a modest 7% surplus.

Mission

NORTH CAROLINA FARM BUREAU WAS ORGANIZED AS A GENERAL FARM ORGANIZATION TO ADVANCE, IMPROVE AND PROMOTE THE AGRICULTURAL INTEREST AND ECONOMIC WELL- BEING OF FARMERS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $9,300,378
Program Service Revenue $4,322,800
Investment Income $3,528,109
Other Revenue $594,413
TOTAL REVENUE $17,745,700

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,091,051
Fundraising Expenses $0
Program Expenses $16,494,455
Other Expenses $9,403,404
TOTAL EXPENSES $16,494,455

Year-over-Year Comparison

2023 2022 Change
Revenue $17,745,700 $16,377,743 +0.1%
Expenses $16,494,455 $16,635,073 0.0%
Net Income $1,251,245 $-257,330 -5.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
60
Independent Members
60
Employees
45
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
7
$0
Total Directors
59
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
W SHAWN B HARDING PRESIDENT 14.00
Officer
$0 $0 $0
SCOTT WHITFORD VICE PRESIDE 14.00
Officer Director
$0 $0 $0
ELAINE FRYAR VICE PRESIDE 14.00
Officer Director
$0 $0 $0
JERRY WYANT VICE PRESIDE 14.00
Officer Director
$0 $0 $0
JAKE PARKER SECRETARY 18.00
Officer
$0 $0 $0
MATT CURRIN TREASURER 22.00
Officer
$0 $0 $0
PAUL SHERMAN ASST TO THE 40.00
Officer
$0 $0 $0
GREG BUNN DIRECTOR 0.00
Director
$0 $0 $0
STEVE NELMS DIRECTOR 0.00
Director
$0 $0 $0
STAURT PIERCE DIRECTOR 0.00
Director
$0 $0 $0
GWEN PITT DIRECTOR 0.00
Director
$0 $0 $0
A O ROBERTS DIRECTOR 0.00
Director
$0 $0 $0
KELLY VANN DIRECTOR 0.00
Director
$0 $0 $0
EDDIE STROUP DIRECTOR 0.00
Director
$0 $0 $0
DENNIS MARTIN DIRECTOR 0.00
Director
$0 $0 $0
KEVIN MARTIN DIRECTOR 0.00
Director
$0 $0 $0
JAMES NATION DIRECTOR 0.00
Director
$0 $0 $0
KIRK MATHIS DIRECTOR 0.00
Director
$0 $0 $0
LARRY TAYLOR DIRECTOR 0.00
Director
$0 $0 $0
DAN HUNSUCKER DIRECTOR 0.00
Director
$0 $0 $0
RICHARD RENEGAR DIRECTOR 0.00
Director
$0 $0 $0
GEORGE SMITH DIRECTOR 0.00
Director
$0 $0 $0
JIM HOWIE DIRECTOR 0.00
Director
$0 $0 $0
CHARLES LUTTERLOH DIRECTOR 0.00
Director
$0 $0 $0
KENNETH WRIGHT DIRECTOR 0.00
Director
$0 $0 $0
VAUGHN WILLOUGHBY DIRECTOR 0.00
Director
$0 $0 $0
RICHARD WHITAKER DIRECTOR 0.00
Director
$0 $0 $0
MATTHEW TAYLOR DIRECTOR 0.00
Director
$0 $0 $0
DANNY HODGES DIRECTOR 0.00
Director
$0 $0 $0
CARL BOND DIRECTOR 0.00
Director
$0 $0 $0
KEVIN WILSON DIRECTOR 0.00
Director
$0 $0 $0
CHARLES HERLOCKER DIRECTOR 0.00
Director
$0 $0 $0
RENEE MCPHERSON DIRECTOR 0.00
Director
$0 $0 $0
DONALD SMART DIRECTOR 0.00
Director
$0 $0 $0
JUDY BARE DIRECTOR 0.00
Director
$0 $0 $0
JERRY DAVIS DIRECTOR 0.00
Director
$0 $0 $0
JUSTIN SOMERS DIRECTOR 0.00
Director
$0 $0 $0
BILL TEAGUE DIRECTOR 0.00
Director
$0 $0 $0
BENITA ENGLAND DIRECTOR 0.00
Director
$0 $0 $0
BRIAN GREENE DIRECTOR 0.00
Director
$0 $0 $0
L M SIMMONS DIRECTOR 0.00
Director
$0 $0 $0
ALTON ROBERSON DIRECTOR 0.00
Director
$0 $0 $0
WAYNE ROSE DIRECTOR 0.00
Director
$0 $0 $0
GLEN IPOCK DIRECTOR 0.00
Director
$0 $0 $0
MARK WELLONS DIRECTOR 0.00
Director
$0 $0 $0
KEITH BEAVERS DIRECTOR 0.00
Director
$0 $0 $0
CINDY STROUP DIRECTOR 0.00
Director
$0 $0 $0
EELCO H TINGA JR DIRECTOR 0.00
Director
$0 $0 $0
MIKE GAY DIRECTOR 0.00
Director
$0 $0 $0
RANDY BRITT DIRECTOR 0.00
Director
$0 $0 $0
TALMADGE LAYTON DIRECTOR 0.00
Director
$0 $0 $0
JACKIE THOMPSON DIRECTOR 0.00
Director
$0 $0 $0
MARK PENDLETON DIRECTOR 0.00
Director
$0 $0 $0
DOUG PATTERSON DIRECTOR 0.00
Director
$0 $0 $0
TOMMY L HOBBS DIRECTOR 0.00
Director
$0 $0 $0
HARRELL OVERMAN DIRECTOR 0.00
Director
$0 $0 $0
JODY CLEMMONS DIRECTOR 0.00
Director
$0 $0 $0
COLEMAN WHITFIELD DIRECTOR 0.00
Director
$0 $0 $0
DAVID ALLRED DIRECTOR 0.00
Director
$0 $0 $0
WAYNE COLLIER DIRECTOR 0.00
Director
$0 $0 $0
R H BYRD JR DIRECTOR 0.00
Director
$0 $0 $0
ANTHONY LOCKLEAR DIRECTOR 0.00
Director
$0 $0 $0
THOMAS SHAW DIRECTOR 0.00
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
2024 No data No data No data No data
2023 $17,745,700 $16,494,455 $56,882,714 $1,251,245
2022 $16,377,743 $16,635,073 $51,412,817 $-257,330
2021 $15,980,144 $15,139,702 $43,526,522 $840,442
2020 $15,501,528 $14,078,414 $42,841,412 $1,423,114
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