ALAMANCE COUNTY FARM BUREAU INC (EIN 560663054) - 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

1963

Legal Domicile

Principal Officer

T VAUGHN WILLOUGHBY JR

Phone

3365849299

Tax Period

2024-01-01 to 2024-12-31

ALAMANCE COUNTY FARM BUREAU INC, founded in 1963, is a small nonprofit that reported $393K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $374K 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 $313,475

Program Service Revenue $0

Investment Income $45,494

Other Revenue $33,888

TOTAL REVENUE $392,857

Expense Breakdown

Grants Paid $44,500

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $329,578

TOTAL EXPENSES $374,078

Year-over-Year Comparison

	2024	2023	Change
Revenue	$392,857	$360,721	+0.1%
Expenses	$374,078	$365,328	+0.0%
Net Income	$18,779	$-4,607	-5.1%

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

545

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
RICHARD ANGELO ENOCH	MEMBER-BOD	0.20	Director	$0	$0	$0
RICHARD REID	SECRETARY	0.20	Officer Director	$0	$0	$0
DAVID RANDALL SMITH	MEMBER-BOD	0.20	Director	$0	$0	$0
RENEE MCPHERSON	MEMBER-BOD	0.20	Director	$0	$0	$0
TIMOTHY COVINGTON	MEMBER-BOD	0.20	Director	$0	$0	$0
JUSTIN ERIC MCPHERSON	MEMBER-BOD	0.20	Director	$0	$0	$0
NANCY JANE ISELEY	MEMBER-BOD	0.20	Director	$0	$0	$0
ALLISON COOPER	MEMBER-BOD	0.20	Director	$0	$0	$0
T VAUGHN WILLOUGHBY JR	PRESIDENT	0.20	Officer Director	$0	$0	$0
MICHAEL MCPHERSON	V-PRESIDENT	0.20	Officer Director	$0	$0	$0
KENNETH INGLE	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	$392,857	$374,078	$1,698,263	$18,779
2023	$360,721	$365,328	$1,701,564	$-4,607
2022	$333,369	$366,930	$1,722,918	$-33,561
2021	$359,201	$354,556	$1,156,979	$4,645
2020	$362,645	$335,813	$1,152,334	$26,832
2019	$333,910	$329,400	$1,125,502	$4,510
2018	$324,287	$346,170	$1,123,279	$-21,883

ALAMANCE COUNTY FARM BUREAU INC