MECKLENBURG COUNTY FARM BUREAU INC (EIN 560769138) - 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

JAMES EDWARD STROUP

Phone

7048922640

Tax Period

2024-01-01 to 2024-12-31

MECKLENBURG COUNTY FARM BUREAU INC, founded in 1962, is a small nonprofit that reported $394K in total revenue in fiscal year 2024. The organization ran a surplus of $61K, a strong 15% 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 $365,175

Program Service Revenue $0

Investment Income $49,583

Other Revenue $-20,601

TOTAL REVENUE $394,157

Expense Breakdown

Grants Paid $17,800

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $315,537

TOTAL EXPENSES $333,337

Year-over-Year Comparison

	2024	2023	Change
Revenue	$394,157	$384,605	+0.0%
Expenses	$333,337	$326,706	+0.0%
Net Income	$60,820	$57,899	+0.1%

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

255

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
SHELBY WALLACE	DIRECTOR	0.25	Director	$0	$0	$0
KEITH WESTMORELAND	VICE PRESIDE	0.25	Officer Director	$0	$0	$0
ASHLEY KIDD MCMILLIAN	DIRECTOR	0.25	Director	$0	$0	$0
CINDY STROUP	DIRECTOR	0.25	Director	$0	$0	$0
KASEY WESTMORELAND	DIRECTOR	0.25	Director	$0	$0	$0
HENRY COOK	SECRETARY TR	0.25	Officer Director	$0	$0	$0
DANIEL AUSTIN	DIRECTOR	0.25	Director	$0	$0	$0
JOHN WALLACE	DIRECTOR	0.25	Director	$0	$0	$0
JAMES EDWARD STROUP	PRESIDENT	0.25	Officer Director	$0	$0	$0
KATE WESTMORELAND	DIRECTOR	0.25	Director	$0	$0	$0
LINDA KIDD	DIRECTOR	0.25	Director	$0	$0	$0
CHRISTOPHER WESTMORELAND	DIRECTOR	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	$394,157	$333,337	$1,321,367	$60,820
2023	$384,605	$326,706	$1,260,561	$57,899
2022	$339,855	$291,100	$1,202,648	$48,755
2021	$302,339	$273,424	$1,153,893	$28,915
2020	$343,942	$254,351	$1,124,978	$89,591
2019	$339,124	$274,477	$1,035,387	$64,647
2018	$254,256	$245,825	$970,740	$8,431

MECKLENBURG COUNTY FARM BUREAU INC