UNION COUNTY FARM BUREAU INC

EIN: 560787025

MONROE, NC

Total Revenue
$363,031
Total Expenses
$310,583
Total Assets
$2,825,772
Net Assets
$1,763,272
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1963
Legal Domicile
NC
Principal Officer
JEFF BROADAWAY
Phone
7042894509
Tax Period
2024-01-01 to 2024-12-31

UNION COUNTY FARM BUREAU INC, founded in 1963, is a small nonprofit that reported $363K in total revenue in fiscal year 2024. Expenses of $311K left a modest 14% 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $300,325
Program Service Revenue $0
Investment Income $24,784
Other Revenue $37,922
TOTAL REVENUE $363,031

Expense Breakdown

Grants Paid $29,260
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $281,323
TOTAL EXPENSES $310,583

Year-over-Year Comparison

2024 2023 Change
Revenue $363,031 $347,277 +0.0%
Expenses $310,583 $311,051 0.0%
Net Income $52,448 $36,226 +0.4%
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
18
Independent Members
18
Employees
N/A
Volunteers
747

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
5
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DREW MEDLIN 2ND V-PRESID 0.70
Officer Director
$0 $0 $0
BRAD HARGETT SECRETARY 0.70
Officer Director
$0 $0 $0
CAMERON SIMPSON MEMBER-BOD 0.70
Director
$0 $0 $0
ROBERT NESBIT MEMBER-BOD 0.70
Director
$0 $0 $0
FRANCIS DAVIS MEMBER-BOD 0.70
Director
$0 $0 $0
GENE PRICE MEMBER-BOD 0.70
Director
$0 $0 $0
RAY PHILLIPS MEMBER-BOD 0.70
Director
$0 $0 $0
RON COX MEMBER-BOD 0.70
Director
$0 $0 $0
EMMETT MARSH TREASURER 0.70
Officer Director
$0 $0 $0
GEOFF DIETRICH V-PRESIDENT 0.70
Officer Director
$0 $0 $0
JEFF BROADAWAY PRESIDENT 0.70
Officer Director
$0 $0 $0
FRANK HOWEY MEMBER-BOD 0.70
Director
$0 $0 $0
EVERETT LITTLE MEMBER-BOD 0.70
Director
$0 $0 $0
ELTON BRASWELL MEMBER-BOD 0.70
Director
$0 $0 $0
BRYAN REDFERN MEMBER-BOD 0.70
Director
$0 $0 $0
JIM HOWIE MEMBER-BOD 0.70
Director
$0 $0 $0
KENNETH MILLS MEMBER-BOD 0.70
Director
$0 $0 $0
LOGAN WATSON MEMBER-BOD 0.70
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 $363,031 $310,583 $2,825,772 $52,448
2023 $347,277 $311,051 $1,712,172 $36,226
2022 $351,261 $273,534 $1,675,615 $77,727
2021 $345,922 $267,869 $1,597,888 $78,053
2020 $348,346 $248,590 $1,519,835 $99,756
2019 $334,186 $258,504 $1,420,079 $75,682
2018 $318,278 $266,470 $1,344,397 $51,808
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