YADKIN COUNTY FARM BUREAU INC

EIN: 560771457

YADKINVILLE, NC

Total Revenue
$153,936
Total Expenses
$189,863
Total Assets
$1,961,862
Net Assets
$567,401
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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
1953
Legal Domicile
NC
Principal Officer
LOUIS SHORE
Phone
3366798858
Tax Period
2023-01-01 to 2023-12-31

YADKIN COUNTY FARM BUREAU INC, founded in 1953, is a small nonprofit that reported $154K in total revenue in fiscal year 2023. Expenses of $190K exceeded revenue, resulting in a 23% operating deficit.

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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $164,420
Program Service Revenue $0
Investment Income $5,484
Other Revenue $-15,968
TOTAL REVENUE $153,936

Expense Breakdown

Grants Paid $14,760
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $175,103
TOTAL EXPENSES $189,863

Year-over-Year Comparison

2023 2022 Change
Revenue $153,936 $160,694 0.0%
Expenses $189,863 $188,319 +0.0%
Net Income $-35,927 $-27,625 +0.3%
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

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Governance

Voting Members
16
Independent Members
16
Employees
N/A
Volunteers
612

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
3
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUSTIN SOMERS PAST PRESIDE 0.35
Officer Director
$0 $0 $0
LOUIS SHORE PRESIDENT 0.35
Officer Director
$0 $0 $0
KEVIN MATTHEWS MEMBER-BOD 0.35
Director
$0 $0 $0
VAN HEMRIC MEMBER-BOD 0.35
Director
$0 $0 $0
JEFF SMITH SECRETARY 0.35
Officer Director
$0 $0 $0
BOBBY MATTHEWS JR MEMBER-BOD 0.35
Director
$0 $0 $0
SHELBY SHORE MEMBER-BOD 0.35
Director
$0 $0 $0
PETER FLEMING MEMBER-BOD 0.35
Director
$0 $0 $0
JOANN WHITE MEMBER-BOD 0.35
Director
$0 $0 $0
ADAM PILCHER MEMBER-BOD 0.35
Director
$0 $0 $0
MARTY CASSTEVENS MEMBER-BOD 0.35
Director
$0 $0 $0
WAYNE SMITHERMAN MEMBER-BOD 0.35
Director
$0 $0 $0
JESSE BROWN MEMBER-BOD 0.35
Director
$0 $0 $0
GREGORY MOXLEY MEMBER-BOD 0.35
Director
$0 $0 $0
AUTUMN HUNTER MEMBER-BOD 0.35
Director
$0 $0 $0
BENJAMIN HOBSON 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 No data No data No data No data
2023 $153,936 $189,863 $1,961,862 $-35,927
2022 $160,694 $188,319 $2,050,635 $-27,625
2021 $253,776 $185,542 $1,745,543 $68,234
2020 $151,429 $167,497 $1,479,723 $-16,068
2019 $305,622 $170,671 $578,787 $134,951
2018 $186,249 $179,039 $443,836 $7,210
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