HARNETT COUNTY FARM BUREAU INC (EIN 560709030) - 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

1961

Legal Domicile

Principal Officer

SHERRIE BYRD

Phone

9108938311

Tax Period

2024-01-01 to 2024-12-31

HARNETT COUNTY FARM BUREAU INC, founded in 1961, is a small nonprofit that reported $249K in total revenue in fiscal year 2024. The organization ran a surplus of $43K, a strong 17% operating margin.

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 $215,000

Program Service Revenue $0

Investment Income $23,519

Other Revenue $10,570

TOTAL REVENUE $249,089

Expense Breakdown

Grants Paid $12,462

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $193,452

TOTAL EXPENSES $205,914

Year-over-Year Comparison

	2024	2023	Change
Revenue	$249,089	$233,320	+0.1%
Expenses	$205,914	$214,534	0.0%
Net Income	$43,175	$18,786	+1.3%

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

453

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
WILLIAM ANDREWS	TREASURER	0.25	Officer Director	$0	$0	$0
BRENDA FLOWERS	SECRETARY	0.25	Officer Director	$0	$0	$0
SHERRIE BYRD	PRESIDENT	0.25	Officer Director	$0	$0	$0
JOHN BRITT	MEMBER-BOD	0.25	Director	$0	$0	$0
FRANCES AVERY	MEMBER-BOD	0.25	Director	$0	$0	$0
R H BYRD JR	MEMBER-BOD	0.25	Director	$0	$0	$0
TRENT WILSON	MEMBER-BOD	0.25	Director	$0	$0	$0
KENT REVELS	MEMBER-BOD	0.25	Director	$0	$0	$0
DUDLEY LANGDON	V-PRESIDENT	0.25	Officer Director	$0	$0	$0
N/A	MEMBER-BOD	0.25	Director	$0	$0	$0
CURT HONEYCUTT	2ND V-PRESID	0.25	Officer Director	$0	$0	$0
CLAY GARDENER	MEMBER-BOD	0.25	Director	$0	$0	$0
GREG HIPP	MEMBER-BOD	0.25	Director	$0	$0	$0
REGGIE BAIN	MEMBER-BOD	0.25	Director	$0	$0	$0
RICKY SEARS	MEMBER-BOD	0.25	Director	$0	$0	$0
JEFF TURLINGTON	MEMBER-BOD	0.25	Director	$0	$0	$0
KEITH PARRISH	MEMBER-BOD	0.25	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	$249,089	$205,914	$1,457,042	$43,175
2023	$233,320	$214,534	$1,413,867	$18,786
2022	$232,171	$192,817	$1,395,081	$39,354
2021	$230,459	$194,226	$1,355,727	$36,233
2020	$217,237	$168,944	$1,339,872	$48,293
2019	$207,985	$177,265	$1,271,201	$30,720
2018	$206,848	$172,524	$1,240,481	$34,324

HARNETT COUNTY FARM BUREAU INC