HAYWOOD COUNTY FARM BUREAU INC (EIN 560705209) - 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

1962

Legal Domicile

Principal Officer

DON SMART

Phone

8284521425

Tax Period

2024-01-01 to 2024-12-31

HAYWOOD COUNTY FARM BUREAU INC, founded in 1962, is a small nonprofit that reported $196K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $184K left a modest 6% 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 $146,300

Program Service Revenue $0

Investment Income $16,741

Other Revenue $33,306

TOTAL REVENUE $196,347

Expense Breakdown

Grants Paid $23,901

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $159,706

TOTAL EXPENSES $183,607

Year-over-Year Comparison

	2024	2023	Change
Revenue	$196,347	$164,823	+0.2%
Expenses	$183,607	$173,836	+0.1%
Net Income	$12,740	$-9,013	-2.4%

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

349

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
BRANDON JAMES	V-PRESIDENT	0.50	Officer Director	$0	$0	$0
N/A	MEMBER-BOD	0.50	Director	$0	$0	$0
N/A	MEMBER-BOD	0.50	Director	$0	$0	$0
BARBARA ROSS	MEMBER-BOD	0.50	Director	$0	$0	$0
MARLENE FERGUSON	SECRETARY	0.50	Officer Director	$0	$0	$0
MICHAEL CHAD MOODY	MEMBER-BOD	0.50	Director	$0	$0	$0
JUSTIN ROSS	MEMBER-BOD	0.50	Director	$0	$0	$0
TOMMY CLARK	MEMBER-BOD	0.50	Director	$0	$0	$0
DAVID MCCRACKEN	MEMBER-BOD	0.50	Director	$0	$0	$0
JIM COCHRAN	MEMBER-BOD	0.50	Director	$0	$0	$0
RALPH ROSS	MEMBER-BOD	0.50	Director	$0	$0	$0
DON SMART	PRESIDENT	0.50	Officer 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	$196,347	$183,607	$1,037,919	$12,740
2023	$164,823	$173,836	$1,024,815	$-9,013
2022	$164,243	$193,069	$1,033,828	$-28,826
2021	$164,423	$145,508	$1,062,654	$18,915
2020	$174,430	$124,691	$1,043,739	$49,739
2019	$170,597	$156,405	$994,000	$14,192
2018	$159,206	$145,002	$979,808	$14,204

HAYWOOD COUNTY FARM BUREAU INC