FRANKLIN COUNTY FARM BUREAU INC (EIN 560747751) - 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

1957

Legal Domicile

Principal Officer

STEPHEN NELMS

Phone

9194962051

Tax Period

2024-01-01 to 2024-12-31

FRANKLIN COUNTY FARM BUREAU INC, founded in 1957, is a small nonprofit that reported $157K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Net assets of $1.1M represent 81 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 $161,025

Program Service Revenue $0

Investment Income $2,926

Other Revenue $-6,576

TOTAL REVENUE $157,375

Expense Breakdown

Grants Paid $12,100

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $160,484

TOTAL EXPENSES $172,584

Year-over-Year Comparison

	2024	2023	Change
Revenue	$157,375	$167,742	-0.1%
Expenses	$172,584	$163,888	+0.1%
Net Income	$-15,209	$3,854	-4.9%

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

245

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
ROBERT GARDNER	MEMBER-BOD	0.30	Director	$0	$0	$0
SHAWN JOURNIGAN	MEMBER-BOD	0.30	Director	$0	$0	$0
KIM STEWART	MEMBER-BOD	0.30	Director	$0	$0	$0
THOMAS PERDUE	MEMBER-BOD	0.30	Director	$0	$0	$0
NAT SANDLING	MEMBER-BOD	0.30	Director	$0	$0	$0
TIM STRICKLAND	MEMBER-BOD	0.30	Director	$0	$0	$0
JASON FARMER	MEMBER-BOD	0.30	Director	$0	$0	$0
N/A	VICE-PRESIDE	0.30	Officer Director	$0	$0	$0
JASON AYCOCK	MEMBER-BOD	0.30	Director	$0	$0	$0
BRENT STRICKLAND	MEMBER-BOD	0.30	Director	$0	$0	$0
TRAVIS NELMS	MEMBER-BOD	0.30	Director	$0	$0	$0
CHRIS SULLIVAN	MEMBER-BOD	0.30	Director	$0	$0	$0
WILLIAM SPRUILL	MEMBER-BOD	0.30	Director	$0	$0	$0
CAMERON DANIELS	MEMBER-BOD	0.30	Director	$0	$0	$0
N/A	SECRETARY	0.30	Officer Director	$0	$0	$0
TAYLOR FITZPATRICK	MEMBER-BOD	0.30	Director	$0	$0	$0
STEVE LAMM JR	MEMBER-BOD	0.30	Director	$0	$0	$0
STEPHEN NELMS	PRESIDENT	0.30	Officer Director	$0	$0	$0
MICHAEL BELL	MEMBER-BOD	0.30	Director	$0	$0	$0
JOE THARRINGTON	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	$157,375	$172,584	$1,067,870	$-15,209
2023	$167,742	$163,888	$1,083,079	$3,854
2022	$167,129	$155,464	$1,079,225	$11,665
2021	$174,013	$151,871	$1,067,560	$22,142
2020	$161,560	$146,860	$1,045,418	$14,700
2019	$135,709	$173,005	$1,030,718	$-37,296
2018	$149,861	$155,631	$1,068,394	$-5,770

FRANKLIN COUNTY FARM BUREAU INC