WAYNE COUNTY FARM BUREAU INC (EIN 560632962) - 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

1954

Legal Domicile

Principal Officer

H ANDREW BALLANCE

Phone

9197341283

Tax Period

2024-01-01 to 2024-12-31

WAYNE COUNTY FARM BUREAU INC, founded in 1954, is a small nonprofit that reported $324K in total revenue in fiscal year 2024. Net assets of $1.5M represent 56 months of operating reserves.

Mission

PRIVATE, NON-PROFIT ORGANIZATION CREATED TO DEVELOP, FOSTER, PROMOTE AND PROTECT PROGRAMS FOR THE WELFARE OF FARM PEOPLE, INCLUDING THEIR ECONOMIC, SOCIAL AND EDUCATIONAL WELL-BEING.

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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 $269,124

Program Service Revenue $0

Investment Income $17,218

Other Revenue $37,969

TOTAL REVENUE $324,311

Expense Breakdown

Grants Paid $43,898

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $276,800

TOTAL EXPENSES $320,698

Year-over-Year Comparison

	2024	2023	Change
Revenue	$324,311	$307,070	+0.1%
Expenses	$320,698	$301,851	+0.1%
Net Income	$3,613	$5,219	-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

N/A

Volunteers

559

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
H ANDREW BALLANCE	PRESIDENT	0.30	Officer Director	$0	$0	$0
HUNTER JAMES CASEY	MEMBER-BOD	0.30	Director	$0	$0	$0
GARY B OUTLAW	MEMBER-BOD	0.30	Director	$0	$0	$0
MICHAEL BRUCE GRAY	MEMBER-BOD	0.30	Director	$0	$0	$0
STEVEN HOOKS	2ND VICE-PRE	0.30	Officer Director	$0	$0	$0
MICHAEL LANCASTER	MEMBER-BOD	0.30	Director	$0	$0	$0
KATLYN SCHMIDT	MEMBER-BOD	0.30	Director	$0	$0	$0
CHARLES M MCCLENNY	MEMBER-BOD	0.30	Director	$0	$0	$0
RYAN C ROBERSON	MEMBER-BOD	0.30	Director	$0	$0	$0
LAWRENCE LEON BARWICK	MEMBER-BOD	0.30	Director	$0	$0	$0
LEE CASEY	SECRETARY	0.30	Officer Director	$0	$0	$0
CHRISTOPHER HOWELL PIERCE	MEMBER-BOD	0.30	Director	$0	$0	$0
HARRY BALLANCE JR	MEMBER-BOD	0.30	Director	$0	$0	$0
REXFORD TRACEY PRICE	MEMBER-BOD	0.30	Director	$0	$0	$0
LORENDA B OVERMAN	VICE PRESIDE	0.30	Officer Director	$0	$0	$0
EMILY LYNN ODOM	MEMBER-BOD	0.30	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	$324,311	$320,698	$1,513,505	$3,613
2023	$307,070	$301,851	$1,509,892	$5,219
2022	$319,056	$283,662	$1,504,898	$35,394
2021	$316,650	$271,156	$1,469,479	$45,494
2020	$306,410	$252,159	$1,423,985	$54,251
2019	$263,198	$275,378	$1,369,734	$-12,180
2018	$311,667	$269,687	$1,381,914	$41,980

WAYNE COUNTY FARM BUREAU INC