FARM BUREAU INC-BURKE COUNTY (EIN 560768751) - 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

JEFF HOUK

Phone

8284370411

Tax Period

2024-01-01 to 2024-12-31

FARM BUREAU INC-BURKE COUNTY, founded in 1962, is a small nonprofit that reported $228K in total revenue in fiscal year 2024. Expenses of $218K left a modest 4% 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 $192,675

Program Service Revenue $0

Investment Income $4,499

Other Revenue $31,317

TOTAL REVENUE $228,491

Expense Breakdown

Grants Paid $30,944

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $187,322

TOTAL EXPENSES $218,266

Year-over-Year Comparison

	2024	2023	Change
Revenue	$228,491	$216,256	+0.1%
Expenses	$218,266	$211,147	+0.0%
Net Income	$10,225	$5,109	+1.0%

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

330

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 PARTON JR	MEMBER BOD	0.35	Director	$0	$0	$0
WILLIAM PITTS	MEMBER BOD	0.35	Director	$0	$0	$0
BEN CRAWLEY	SECRETARY	0.35	Officer Director	$0	$0	$0
JEFF HOUK	PRESIDENT	0.35	Officer Director	$0	$0	$0
MICHAEL SMITH	MEMBER-BOD	0.35	Director	$0	$0	$0
GREG CRAVER	V-PRESIDENT	0.35	Officer Director	$0	$0	$0
ROBERT LOWMAN	MEMBER BOD	0.35	Director	$0	$0	$0
SAMUEL STEPHENS	MEMBER-BOD	0.35	Director	$0	$0	$0
DAMON POLLARD	MEMBER BOD	0.35	Director	$0	$0	$0
TODD SHUPING	MEMBER-BOD	0.35	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
2025	No data	No data	No data	No data
2024	$228,491	$218,266	$1,207,899	$10,225
2023	$216,256	$211,147	$1,244,029	$5,109
2022	$213,282	$208,737	$1,278,823	$4,545
2021	$188,692	$188,852	$1,300,163	$-160

FARM BUREAU INC-BURKE COUNTY