WAKE COUNTY FARM BUREAU INC (EIN 560643932) - 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

1956

Legal Domicile

Principal Officer

JOHN BURT

Phone

9198514320

Tax Period

2024-01-01 to 2024-12-31

WAKE COUNTY FARM BUREAU INC, founded in 1956, is a small nonprofit that reported $879K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $833K left a modest 5% surplus.

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 $801,215

Program Service Revenue $0

Investment Income $1,650

Other Revenue $76,405

TOTAL REVENUE $879,270

Expense Breakdown

Grants Paid $34,150

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $798,935

TOTAL EXPENSES $833,085

Year-over-Year Comparison

	2024	2023	Change
Revenue	$879,270	$799,528	+0.1%
Expenses	$833,085	$728,951	+0.1%
Net Income	$46,185	$70,577	-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

419

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
THOMAS DEAN	V-PRESIDENT	0.20	Officer Director	$0	$0	$0
RONALD PERRY	MEMBER-BOD	0.20	Director	$0	$0	$0
JACKIE THOMPSON	MEMBER-BOD	0.20	Director	$0	$0	$0
PATRICK JOHNSON	MEMBER-BOD	0.20	Director	$0	$0	$0
DAVID POPE	MEMBER-BOD	0.20	Director	$0	$0	$0
JOEL HOLT	MEMBER-BOD	0.20	Director	$0	$0	$0
MAHLON DUPREE	MEMBER-BOD	0.20	Director	$0	$0	$0
WILLIAM UPCHURCH	TREASURER	0.20	Officer Director	$0	$0	$0
COLBY HAMMONDS	MEMBER-BOD	0.20	Director	$0	$0	$0
C LEE LEE PERRY	MEMBOR-BOD	0.20	Director	$0	$0	$0
DONALD TERRILL DEBNAM	MEMBER-BOD	0.20	Director	$0	$0	$0
NATALIE HUNTER	MEMBER-BOD	0.20	Director	$0	$0	$0
C BRYAN KIRK	MEMBER-BOD	0.20	Director	$0	$0	$0
TOM HECK	MEMBER-BOD	0.20	Director	$0	$0	$0
STEVE CARROLL	MEMBER-BOD	0.20	Director	$0	$0	$0
JOHN BURT	PRESIDENT	0.20	Officer Director	$0	$0	$0
LOGAN POPE	MEMBER-BOD	0.20	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	$879,270	$833,085	$2,377,601	$46,185
2023	$799,528	$728,951	$2,331,416	$70,577
2022	$799,687	$707,300	$2,260,839	$92,387
2021	$768,712	$650,477	$2,168,452	$118,235
2020	$705,098	$566,935	$2,050,217	$138,163
2019	$674,348	$576,340	$1,912,080	$98,008
2018	$748,782	$570,106	$2,092,383	$178,676

WAKE COUNTY FARM BUREAU INC